Latest Stories
Why RE/MAX (RMAX) Shares Are Getting Obliterated Today
Shares of real estate franchise company RE/MAX (NYSE:RMAX) fell 15.5% in the afternoon session after the company reported weak third-quarter earnings. Sales declined during the quarter due to a decrease in agent count and a reduction in revenue from previous acquisitions. In addition, revenue forecast for the next quarter was underwhelming, coming in below Wall Street's estimates. Overall, this was a weaker quarter for the company.
Why Is Intel (INTC) Stock Rocketing Higher Today
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 13% in the morning session after the company reported impressive earnings results that revealed a strong improvement in inventory levels. The near-term forecasts were strong as next quarter's EPS guidance exceeded Wall Street's estimates, and the market seems to be cheering this.
Charter (CHTR) Shares Skyrocket, What You Need To Know
Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR) jumped 14.1% in the afternoon session after the company reported impressive third-quarter earnings that slightly topped analysts' revenue and EPS expectations. However, the important story is the moderation in customer losses following the end of the Federal subsidy program. Notably, Internet customers decreased by 110,000, much better than the estimates for a 267,000 decline. Similarly, the company lost 281,000 home video subscribers, compared to an estimate of a 368,000 decline. Overall, this was a much better quarter than anticipated.
Amazon (AMZN) Stock Trades Up, Here Is Why
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 7.6% in the morning session after the company reported impressive third-quarter earnings. Amazon blew past analysts' EPS and operating income expectations during the quarter, giving credence to the argument that the company can be much more profitable and high margin going forward. Operating profit guidance for next quarter also came in ahead.
Why BJ's (BJRI) Stock Is Down Today
Shares of american restaurant chain BJ’s Restaurants (NASDAQ:BJRI) fell 9.8% in the pre-market session after the company reported weak third-quarter earnings. Its EBITDA and EPS missed Wall Street's estimates. Notably, the company was unable to take advantage of strong traffic growth during the quarter due to higher-than-anticipated restaurant costs. Overall, this was a weaker quarter.
Why FTAI Aviation (FTAI) Stock Is Up Today
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 8.4% in the morning session after Chromalloy received FAA approval for its PMA (Parts Manufacturer Approval) CFM56 5B/7B High Pressure Turbine (HPT) 1st Stage Vane. To level set, replacement parts for aircraft engines typically come from the manufacturer or OEM, and these parts can be quite expensive. Competitors offering alternatives can't just develop and sell them. They must get FAA approval first in order to ensure that these parts meet safety and performance standards.
Why Atlassian (TEAM) Stock Is Up Today
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 22.9% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings results beat analysts' revenue expectations, with all-important Cloud segment revenue growth handily beating expectations. Its gross margin also improved.
RBC Bearings (NYSE:RBC) Misses Q3 Revenue Estimates
Bearings manufacturer RBC Bearings (NYSE:RBC) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 3.2% year on year to $397.9 million. On the other hand, the company expects next quarter’s revenue to be around $395 million, close to analysts’ estimates. Its non-GAAP profit of $2.29 per share was in line with analysts’ consensus estimates.
fuboTV (NYSE:FUBO) Surprises With Q3 Sales
Live sports and TV streaming service fuboTV (NYSE:FUBO) announced better-than-expected revenue in Q3 CY2024, with sales up 20.3% year on year to $386.2 million. Its GAAP loss of $0.16 per share was also 10.4% above analysts’ consensus estimates.
Charter’s (NASDAQ:CHTR) Q3 Sales Beat Estimates
Cable, internet, and telephone services provider Charter (NASDAQ:CHTR) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 1.6% year on year to $13.8 billion. Its GAAP profit of $8.82 per share was 3.9% above analysts’ consensus estimates.