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Why Orion (ORN) Stock Is Trading Up Today
Shares of marine infrastructure company Orion (NYSE:ORN) jumped 19.5% in the afternoon session after the company reported third quarter results that blew past analysts' EPS expectations. Its EBITDA also outperformed Wall Street's estimates. The performance reflected anticipations of improved momentum in the back half of the year, following key projects, including the Pearl Harbor and Grand Bahama Shipyard Dry Dock. Adding to the positive, the company continued to observe strong demand for its specialty marine and concrete services in both the government and private sector. On the other hand, its revenue missed. Overall, we think this was a strong quarter.
Why Is Confluent (CFLT) Stock Rocketing Higher Today
Shares of data infrastructure software company, Confluent (NASDAQ:CFLT) jumped 21.4% in the morning session after the company reported impressive third-quarter results. Revenue and EPS exceeded Wall Street's estimates. Notably, Confluence cloud revenue grew 42% year on year. Looking ahead, CFLT provided an optimistic full-year EPS forecast, which blew past analysts' expectations. Its gross margin also improved. Zooming out, we think this was a strong quarter featuring some areas of strength.
Why Meta (META) Stock Is Trading Lower Today
Shares of social network operator Meta Platforms (NASDAQ:META) fell 6.2% in the afternoon session after the company reported underwhelming third-quarter earnings. Its Daily Active People (DAP, a disclosed volume metric) missed, and it called for "significant capital expenditure growth in 2025" without pinpointing a specific number. Expenses rose due to investments in infrastructure and AI, and these are likely to eat into profitability in the near term. Notably, Reality Labs accounted for a $4.4 billion in operating loss during the quarter, a large loss that is similar to last quarter.
Sprouts (SFM) Stock Trades Up, Here Is Why
Shares of grocery store chain Sprouts Farmers Market (NASDAQ:SFM) jumped 13.7% in the pre-market session after the company reported a "beat and raise" quarter. Third quarter results blew past analysts' revenue , EBITDA, and EPS estimate. Amid what management considered robust traffic and high execution levels, the solid performance enabled SFM to raise full-year sales and profitability guidance. Zooming out, we think this quarter featured some important positives.
Matson (MATX) Shares Skyrocket, What You Need To Know
Shares of maritime transportation company Matson (NYSE:MATX) jumped 16% in the afternoon session after the company reported weak third quarter earnings that blew past analysts' EBITDA expectations. Its EPS also outperformed Wall Street's estimates. On the other hand, its revenue missed. Zooming out, we think this was a solid quarter.
Paycom (PAYC) Stock Trades Up, Here Is Why
Shares of online payroll and human resource software provider Paycom (NYSE:PAYC) jumped 25% in the afternoon session after the company reported strong third-quarter earnings, which blew past analysts' EBITDA expectations.
Why Coinbase (COIN) Stock Is Nosediving
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) fell 12.4% in the afternoon session after the company reported weak third quarter earnings, which missed on key metrics we track, including revenue, EBITDA, and EPS. Transaction revenue declined quarter on quarter, as management called out softer market conditions amid lower crypto asset prices for the large part of the quarter.
Nikola (NASDAQ:NKLA) Reports Sales Below Analyst Estimates In Q3 Earnings
Electric vehicle manufacturer Nikola (NASDAQ:NKLA) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 1,554% year on year to $25.18 million. Its non-GAAP loss of $2.75 per share was also 19.9% below analysts’ consensus estimates.
Arrow Electronics’s (NYSE:ARW) Q3: Beats On Revenue But
Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 14.8% year on year to $6.82 billion. On the other hand, next quarter’s revenue guidance of $6.97 billion was less impressive, coming in 3.9% below analysts’ estimates. Its non-GAAP profit of $2.38 per share was also 7.2% above analysts’ consensus estimates.
Itron (NASDAQ:ITRI) Delivers Strong Q3 Numbers, Provides Encouraging Full-Year Guidance
Resource management provider Itron (NASDAQ:ITRI) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 9.8% year on year to $615.5 million. Guidance for next quarter’s revenue was also better than expected at $605 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $1.84 per share was also 62.9% above analysts’ consensus estimates.