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Teradyne (NASDAQ:TER) Exceeds Q1 Expectations, Stock Soars
Semiconductor testing company Teradyne (NASDAQ:TER) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue down 2.9% year on year to $599.8 million. On top of that, next quarter's revenue guidance ($695 million at the midpoint) was surprisingly good and 7.8% above what analysts were expecting. It made a non-GAAP profit of $0.51 per share, down from its profit of $0.55 per share in the same quarter last year.
Sleep Number (NASDAQ:SNBR) Misses Q1 Sales Targets
Bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR) missed analysts' expectations in Q1 CY2024, with revenue down 10.7% year on year to $470.4 million. It made a GAAP loss of $0.33 per share, down from its profit of $0.51 per share in the same quarter last year.
Churchill Downs's (NASDAQ:CHDN) Q1: Strong Sales, Stock Soars
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) beat analysts' expectations in Q1 CY2024, with revenue down 5.6% year on year to $590.9 million. It made a non-GAAP profit of $1.13 per share, improving from its profit of $0.98 per share in the same quarter last year.