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Sleep Number (NASDAQ:SNBR) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.7% year on year to $426.6 million. Its GAAP loss of $0.14 per share was 34.9% above analysts’ consensus estimates.
WillScot Mobile Mini (NASDAQ:WSC) Reports Sales Below Analyst Estimates In Q3 Earnings
Temporary space provider WillScot (NASDAQ:WSC) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $601.4 million. The company’s full-year revenue guidance of $2.4 billion at the midpoint also came in 2.1% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was also 17.6% below analysts’ consensus estimates.
FormFactor (NASDAQ:FORM) Q3 Sales Beat Estimates But Quarterly Guidance Underwhelms
Semiconductor testing company FormFactor (NASDAQ:FORM) announced better-than-expected revenue in Q3 CY2024, with sales up 21.2% year on year to $207.9 million. On the other hand, next quarter’s revenue guidance of $190 million was less impressive, coming in 4.8% below analysts’ estimates. Its non-GAAP profit of $0.35 per share was also 11.7% above analysts’ consensus estimates.
Why AMD (AMD) Stock Is Falling Today
Shares of computer processor maker AMD (NASDAQ:AMD) fell 9.6% in the morning session after the company reported weak third-quarter earnings results. Its revenue guidance for next quarter missed analysts' expectations. Revenue beat analysts' expectations by a narrow margin during the quarter, while EBITDA beat more convincingly. The outlook is weighing on shares as expectations were likely high heading into the announcement amid the ongoing AI rave.
Why Snap (SNAP) Stock Is Up Today
Shares of social network Snapchat (NYSE: SNAP) jumped 15.4% in the afternoon session after the company reported third-quarter earnings that blew past analysts' EBITDA expectations. It also expanded its number of users. Holding aside consensus expectations, its revenue growth stalled, which is worrisome. Overall, this quarter had some key positives, and expectations were likely low given a history of inconsistent quarterly performance.
Why Alphabet (GOOGL) Stock Is Up Today
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 7% in the morning session after the company reported third-quarter earnings that exceeded analysts' revenue, operating income, and EPS expectations. The segments themselves were also all solid, with Search, YouTube, and Cloud all exceeding revenue estimates. Leading the pack was the cloud segment, which grew 35% year on year. Up next was YouTube, with combined ad and subscription revenue over the past four quarters surpassing $50 billion.
Why Are Dayforce (DAY) Shares Soaring Today
Shares of online payroll and human resource software provider Dayforce (NYSE:DAY) jumped 11.8% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings beat analysts' revenue, billing, and EPS expectations. The solid performance enabled the company to raise sales and EBITDA guidance for the full year. Overall, this was a strong quarter.
Why Is Reddit (RDDT) Stock Rocketing Higher Today
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 42.4% in the morning session after the company reported strong third-quarter earnings. Reddit beat on revenue and EBITDA, especially despite the slight DAU underperformance. However, platform engagement was still strong, with Logged-out users up 70% year-over-year. Notably, the company reported that "Reddit" was the sixth most Googled word since the start of the year, pointing to the strong potential to convert more internet users to its platform. It also highlights the potential to continue to grow and optimize ad revenue as the company continues to experiment with new ad formats. Reddit's optimistic EBITDA forecast for the next quarter also blew past analysts' expectations. Overall, this was a great quarter for the company.
3 Big Reasons Datadog Should Be On Your Watchlist
Since April 2024, Datadog has been in a holding pattern, floating around $129.15 and posting a small return of 2.9%. The stock also fell short of the S&P 500 index’s 16% return during that time.
Why Is Shake Shack (SHAK) Stock Rocketing Higher Today
Shares of fast-food chain Shake Shack (NYSE:SHAK) jumped 14.2% in the morning session after the company reported third-quarter earnings that exceeded analysts' same-store sales expectations, leading to an EBITDA and EPS beat. Shak continued to make improvements to increase traffic and awareness as it opened 17 new Shacks in the quarter.