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Palantir’s (NYSE:PLTR) Q3 Sales Beat Estimates, Stock Jumps 13.4%
Data-mining and analytics company Palantir (NYSE:PLTR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 30% year on year to $725.5 million. On top of that, next quarter’s revenue guidance ($769 million at the midpoint) was surprisingly good and 3.4% above what analysts were expecting. Its non-GAAP profit of $0.10 per share was also 10.1% above analysts’ consensus estimates.
Hudson Technologies (NASDAQ:HDSN) Misses Q3 Sales Targets
Refrigerant services company Hudson Technologies (NASDAQ:HDSN) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 19% year on year to $61.94 million. Its GAAP profit of $0.17 per share was 7.9% above analysts’ consensus estimates.
No Surprises In Lattice Semiconductor’s (NASDAQ:LSCC) Q3 Sales Numbers But Stock Drops
Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 33.9% year on year to $127.1 million. On the other hand, next quarter’s revenue guidance of $117 million was less impressive, coming in 11.4% below analysts’ estimates. Its non-GAAP profit of $0.24 per share was 1.5% above analysts’ consensus estimates.
ThredUp’s (NASDAQ:TDUP) Q3: Beats On Revenue, Stock Soars
Online fashion resale marketplace ThredUp (NASDAQ:TDUP) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 11% year on year to $73.02 million. On the other hand, next quarter’s revenue guidance of $68.2 million was less impressive, coming in 3.7% below analysts’ estimates. Its GAAP loss of $0.22 per share was 57.1% below analysts’ consensus estimates.
Sanmina (NASDAQ:SANM) Surprises With Q3 Sales
Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 1.7% year on year to $2.02 billion. On the other hand, the company expects next quarter’s revenue to be around $1.98 billion, slightly below analysts’ estimates. Its GAAP profit of $1.09 per share was in line with analysts’ consensus estimates.
WideOpenWest (NYSE:WOW) Reports Q3 In Line With Expectations
Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 8.7% year on year to $158 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $631 million at the midpoint. Its GAAP loss of $0.27 per share was 162% below analysts’ consensus estimates.
Hillman (HLMN) Reports Q3: Everything You Need To Know Ahead Of Earnings
Hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) will be announcing earnings results tomorrow morning. Here’s what investors should know.
The New York Times (NYT) Stock Trades Down, Here Is Why
Shares of newspaper and digital media company The New York Times (NYSE:NYT) fell 8% in the morning session after the company reported underwhelming third-quarter earnings. Its subscriber count missed, and its EBITDA fell short of Wall Street's estimates. Notably, the company added 260,000 digital-only subscribers, below expectations, a deceleration from the 300,000 additions recorded in the previous quarter.
Why FOX (FOXA) Stock Is Trading Up Today
Shares of cable news and media network Fox (NASDAQ:FOXA) jumped 5.5% in the morning session after the company reported strong third-quarter earnings that blew past analysts' sales and EPS expectations. The top line benefited from a 6% year on year growth in affiliate revenue, largely driven by a 10% growth in the Television business. The advertising business did even better, growing 11% year on year due to higher political advertising revenues at FOX Television. This highlights FOXA's ability to optimize its ad inventory, given the audience growth powered by its relatable content during the election season.
DigitalOcean (DOCN) Stock Trades Down, Here Is Why
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) fell 16.1% in the morning session after the company reported third-quarter earnings results and provided underwhelming guidance with sales outlook for the next quarter roughly in line with analysts' estimates, while its EPS forecast missed. Also, sales came in roughly in line during the quarter, unexciting, and not enough for the market. Given the company's recent AI bets and potential in the SMB space, expectations were likely high, heading into earnings. However, the company provided some encouraging updates, announcing the early availability of its first GenAI Platform. Overall, this quarter was mixed, with the guidance weighing on shares.