Latest Stories
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.
Why Is Freshpet (FRPT) Stock Rocketing Higher Today
Shares of pet food company Freshpet (NASDAQ:FRPT) jumped 12.8% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter results exceeded Wall Street's sales, EPS, and EBITDA estimates. Interestingly, the company delivered the 25th consecutive quarter of +25% year on year sales growth, highlighting management's ability to deliver on its growth strategy while meeting the demand of its target audience. Looking ahead, the strong sales and profitability enabled the company to raise both full-year revenue and EBITDA guidance, as both metrics came in ahead of consensus. Overall, we think this was a strong quarter.
Why Is Yum China (YUMC) Stock Soaring Today
Shares of fast-food company Yum China (NYSE:YUMC) jumped 9.1% in the morning session after the company reported strong third-quarter earnings that significantly blew past analysts' sales and EBITDA estimates. Notably, the same-store sales growth improved on strong contributions from both the KFC and Pizza Hut brands as the company continued to optimize pricing while introducing new offerings and recipes. Another important contributor to the improved momentum was the delivery business, which grew 18% year on year, representing 40% of sales during the quarter, helping the business meet the demands of solo diners.
Why Is Peloton (PTON) Stock Rocketing Higher Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 9.4% in the morning session after it received a double rating upgrade from Bank of America analyst Curtis Nagle. The analyst raised Peloton's rating from Underperform (Sell) to Buy and increased the price target from $3.7 to $9, as the announcement of a new CEO raised the hopes of a turnaround.