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Amazon (NASDAQ:AMZN) Beats Q3 Sales Targets, Stock Soars
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) announced better-than-expected revenue in Q3 CY2024, with sales up 11% year on year to $158.9 billion. On the other hand, the company expects next quarter’s revenue to be around $185 billion, slightly below analysts’ estimates. Its EPS of $1.43 per share was also 25.2% above analysts’ consensus estimates.
Alamo (NYSE:ALG) Reports Sales Below Analyst Estimates In Q3 Earnings
Specialized equipment manufacturer for infrastructure and vegetation management Alamo Group (NYSE:ALG) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 4.4% year on year to $401.3 million. Its GAAP profit of $2.28 per share was 7.4% below analysts’ consensus estimates.
Intel’s (NASDAQ:INTC) Q3 Sales Top Estimates, Stock Jumps 14.3%
Computer processor maker Intel (NASDAQ:INTC) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, but sales fell 6.2% year on year to $13.28 billion. The company expects next quarter’s revenue to be around $13.8 billion, close to analysts’ estimates. Its non-GAAP loss of $0.46 per share was 1,534% below analysts’ consensus estimates.
ICF (NASDAQ:ICFI) Reports Sales Below Analyst Estimates In Q3 Earnings
Consulting and technology services company ICF International (NASDAQ:ICFI) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.1% year on year to $517 million. The company’s full-year revenue guidance of $2.02 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $2.13 per share was 20.1% above analysts’ consensus estimates.
Verra Mobility (NASDAQ:VRRM) Posts Q3 Sales In Line With Estimates
Traffic solutions company Verra Mobility (NYSE:VRRM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7.4% year on year to $225.6 million. On the other hand, the company’s full-year revenue guidance of $872.5 million at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.32 per share was 1.4% above analysts’ consensus estimates.
El Pollo Loco (NASDAQ:LOCO) Misses Q3 Sales Targets
Fast food chain El Pollo Loco (NASDAQ:LOCO) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $120.4 million. Its non-GAAP profit of $0.21 per share was 25.4% above analysts’ consensus estimates.
Asure (NASDAQ:ASUR) Misses Q3 Revenue Estimates, Stock Drops 18.4%
Online payroll and human resource software provider Asure (NASDAQ:ASUR) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $29.3 million. Next quarter’s revenue guidance of $31 million underwhelmed, coming in 9.7% below analysts’ estimates. Its GAAP loss of $0.15 per share was also 257% below analysts’ consensus estimates.
Avis Budget Group (NASDAQ:CAR) Reports Sales Below Analyst Estimates In Q3 Earnings
Car rental services provider Avis (NASDAQ:CAR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 2.4% year on year to $3.48 billion. Its GAAP profit of $6.65 per share was also 21.4% below analysts’ consensus estimates.
BJ’s (NASDAQ:BJRI) Q3 Earnings Results: Revenue In Line With Expectations But Stock Drops
American restaurant chain BJ’s Restaurants (NASDAQ:BJRI) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 2.2% year on year to $325.7 million. Its GAAP loss of $0.13 per share was 587% below analysts’ consensus estimates.
Why MGM Resorts (MGM) Shares Are Plunging Today
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM) fell 11.7% in the afternoon session after the company reported weak third-quarter earnings. Its Casino revenue missed, and its EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter.