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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.
FOX (NASDAQ:FOXA) Reports Strong Q3
Cable news and media network Fox (NASDAQ:FOXA) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 11.1% year on year to $3.56 billion. Its non-GAAP profit of $1.45 per share was also 26.1% above analysts’ consensus estimates.
Frontdoor’s (NASDAQ:FTDR) Q3 Earnings Results: Revenue In Line With Expectations
Home warranty company Frontdoor (NASDAQ:FTDR) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $540 million. On the other hand, next quarter’s revenue guidance of $367 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $1.38 per share was 31.9% above analysts’ consensus estimates.
Freshpet (NASDAQ:FRPT) Posts Better-Than-Expected Sales In Q3
Pet food company Freshpet (NASDAQ:FRPT) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 26.3% year on year to $253.4 million. The company expects the full year’s revenue to be around $975 million, close to analysts’ estimates. Its GAAP profit of $0.24 per share was also 128% above analysts’ consensus estimates.
E.W. Scripps’s (NASDAQ:SSP) Q3 Sales Beat Estimates
Media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) announced better-than-expected revenue in Q3 CY2024, with sales up 14.1% year on year to $646.3 million. Its GAAP profit of $0.37 per share was in line with analysts’ consensus estimates.
DigitalOcean’s (NYSE:DOCN) Q3 Sales Top Estimates But Stock Drops 10.6%
Cloud computing provider DigitalOcean (NYSE: DOCN) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.1% year on year to $198.5 million. The company expects next quarter’s revenue to be around $200 million, close to analysts’ estimates. Its non-GAAP profit of $0.52 per share was 28.7% above analysts’ consensus estimates.
The New York Times’s (NYSE:NYT) Q3 Earnings Results: Revenue In Line With Expectations
Newspaper and digital media company The New York Times (NYSE:NYT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7% year on year to $640.2 million. Its non-GAAP profit of $0.45 per share was 8.9% above analysts’ consensus estimates.
Gorman-Rupp (NYSE:GRC) Reports Sales Below Analyst Estimates In Q3 Earnings
Gorman-Rupp (NYSE:GRC) manufactures and sells pumps globally. fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $168.2 million. Its GAAP profit of $0.49 per share was also 5.8% below analysts’ consensus estimates.