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Corning (NYSE:GLW) Misses Q3 Sales Targets, But Stock Soars 7.1%
Glass and electronic component manufacturer Corning (NYSE:GLW) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 2% year on year to $3.39 billion. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $3.75 billion at the midpoint, or 2.7% above analysts’ estimates. Its non-GAAP profit of $0.54 per share was 3.1% above analysts’ consensus estimates.
IPG Photonics’s (NASDAQ:IPGP) Q3 Sales Top Estimates But Quarterly Guidance Underwhelms
Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell 22.6% year on year to $233.1 million. The company expects next quarter’s revenue to be around $225 million, close to analysts’ estimates. Its non-GAAP EPS of $0.29 per share was above analysts’ consensus estimates.
Standex (NYSE:SXI) Misses Q3 Sales Targets
Industrial manufacturer Standex (NYSE:SXI) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 7.7% year on year to $170.5 million. Its GAAP profit of $1.53 per share was also 5.4% below analysts’ consensus estimates.
Commvault Systems (NASDAQ:CVLT) Reports Bullish Q3, Stock Jumps 10.4%
Data backup provider Commvault (NASDAQ:CVLT) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 16.1% year on year to $233.3 million. On top of that, next quarter’s revenue guidance ($245 million at the midpoint) was surprisingly good and 3.6% above what analysts were expecting. Its non-GAAP profit of $0.83 per share was also 9.7% above analysts’ consensus estimates.
CECO (NASDAQ:CECO) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops 10.6%
Air quality and fluid handling company CECO (NASDAQ:CECO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.3% year on year to $135.5 million. The company’s full-year revenue guidance of $587.5 million at the midpoint also came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.14 per share was also 29.4% below analysts’ consensus estimates.
Hubbell (NYSE:HUBB) Reports Sales Below Analyst Estimates In Q3 Earnings
Electrical and electronic products company Hubbell (NYSE:HUBB) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 4.9% year on year to $1.44 billion. Its non-GAAP profit of $4.49 per share wasin line with analysts’ consensus estimates.
Shutterstock’s (NYSE:SSTK) Q3 Sales Beat Estimates But requests Fall
Stock photography and footage provider Shutterstock (NYSE:SSTK) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 7.4% year on year to $250.6 million. The company expects the full year’s revenue to be around $937.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.31 per share was also 16.3% above analysts’ consensus estimates.
Masco (NYSE:MAS) Misses Q3 Sales Targets
Home-building design and manufacturing company Masco Corporation (NYSE:MAS) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $1.98 billion. Its non-GAAP profit of $1.08 per share wasalso in line with analysts’ consensus estimates.
McDonald's (NYSE:MCD) Posts Q3 Sales In Line With Estimates
Fast-food chain McDonald’s (NYSE:MCD) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 2.7% year on year to $6.87 billion. Its non-GAAP profit of $3.23 per share wasalso in line with analysts’ consensus estimates.
H&E Equipment Services (NASDAQ:HEES) Misses Q3 Sales Targets
Machinery provider H&E (NASDAQ:HEES) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 4% year on year to $384.9 million. Its GAAP profit of $0.85 per share was 12.7% below analysts’ consensus estimates.