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Why eBay (EBAY) Stock Is Trading Lower Today
Shares of online marketplace eBay (NASDAQ:EBAY) fell 20.8% in the afternoon session after the company reported third-quarter earnings and provided revenue guidance for the next quarter, which missed analysts' expectations. In addition, its EBITDA fell short of Wall Street's estimates. Overall, this quarter could have been better.
Why Huntington Ingalls (HII) Stock Is Falling Today
Shares of aerospace and defense company Huntington Ingalls (NYSE:HII) fell 23.8% in the morning session after the company reported weak third-quarter earnings as its revenue and EPS missed Wall Street's estimates. The weak top line was a result of lower volume at Ingalls and Newport News Shipbuilding. Other challenges highlighted during the quarter include delays in the timing of a key submarine contract agreement with the Navy, which affected profitability and cash flow. Overall, this was a weaker quarter.
Why Estée Lauder (EL) Stock Is Falling Today
Shares of beauty products company Estée Lauder (NYSE:EL) fell 22.3% in the afternoon session after the company reported weak quarter earnings. Estée Lauder's organic revenue missed Wall Street's estimate, although revenue was in line. Next quarter's revenue and EPS guidance were both below. Adding to the bad news: the company is reducing its dividends.
Why Enviri (NVRI) Stock Is Trading Lower Today
Shares of steel and waste handling company Enviri (NYSE:NVRI) fell 19.9% in the afternoon session after the company reported weak third-quarter earnings. We struggled to find many strong positives in these results. Its EBITDA forecast for the full year missed and its revenue fell short of Wall Street's estimates. Overall, this was a weaker quarter.
Why Nikola (NKLA) Stock Is Down Today
Shares of electric vehicle manufacturer Nikola (NASDAQ:NKLA) fell 10.1% in the morning session after the company reported weak third-quarter earnings. Although it shipped more trucks than expected, Nikola missed analysts' revenue, EBITDA, and EPS estimates. Notably, NKLA remained unprofitable, with the margin profile implying more losses even at the gross margin level. This puts more strain on its balance sheet as the company continued to burn cash. Overall, this quarter could have been better.
Why Is Rush Street Interactive (RSI) Stock Rocketing Higher Today
Shares of online casino and sports betting company Rush Street Interactive (NYSE:RSI) jumped 17.6% in the pre-market session after the company reported a "beat and raise" quarter. Third-quarter results exceeded analysts' EPS and EBITDA expectations. Marketing efforts, including the decision to focus on high-value players, worked out as planned, as revenue grew 35% y/y while EBITDA rose more than fivefold over the same period. As a result, management was able to raise both full-year sales and EBITDA guidance. Zooming out, we think this was a solid quarter. After the initial pop the shares cooled down to $10.72, down 0.3% from previous close.
Why Are Carvana (CVNA) Shares Soaring Today
Shares of online used car dealer Carvana (NYSE: CVNA) jumped 24.4% in the morning session after the company reported third-quarter earnings that blew past analysts' EBITDA expectations. Its revenue also outperformed Wall Street's estimates. The solid results enabled the business to raise full-year EBITDA guidance. In terms of the growth potential, management noted that the business had only captured 1% of the market share in its addressable market, highlighting the abundant opportunity ahead. Zooming out, we think this was a very good quarter.
Mister Car Wash (MCW) Shares Skyrocket, What You Need To Know
Shares of conveyorized car wash service company Mister Car Wash (NYSE:MCW) jumped 14.9% in the pre-market session after the company reported impressive third-quarter results, with same-store sales outperforming Wall Street's estimates. EBITDA and EPS also came in ahead of expectations. The business observed positive retail sales trends and was able to capture some of that opportunity as it continued to expand its footprint. Notably, MCW launched its 500th store during the quarter. Looking ahead, EBITDA guidance came in ahead of expectations as well, and EPS guidance was raised. Overall, this was a very solid quarter.
Why Robinhood (HOOD) Shares Are Trading Lower Today
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 16.3% in the morning session after the company reported underwhelming third-quarter earnings that missed Wall Street's revenue, users, EBITDA, and EPS expectations. Notably, sales declined quarter on quarter, suggesting that the momentum from retail traders might not be as strong as in recent times. Overall, this was a weaker quarter.
Compass (COMP) Shares Skyrocket, What You Need To Know
Shares of real estate technology company Compass (NYSE:COMP) jumped 13.8% in the afternoon session after the company reported impressive third-quarter results. Compass provided an optimistic EBITDA forecast for the next quarter, which blew past analysts' expectations. Its EPS also outperformed Wall Street's estimates.