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Why Luxfer (LXFR) Stock Is Trading Up Today
Shares of speciality material and gas containment company Luxfer (NYSE:LXFR) jumped 16.5% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' revenue, EBITDA, and EPS expectations. The results benefited from improved pricing and volume, with some customers fast-tracking their orders from the fourth quarter due to concerns about hurricanes and port strikes. Moving on, the company raised full-year EPS and EBITDA guidance. Zooming out, we think this was a solid quarter.
Fiverr (FVRR) Stock Trades Up, Here Is Why
Shares of online freelance marketplace Fiverr (NYSE:FVRR) jumped 24.3% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings beat analysts' revenue, EBITDA, and EPS expectations. Efforts to improve value-added services paid off as take rate improved and the average spend per buyer rose 9% from the prior year. Notably, Fiverr introduced an AI-powered matching tool for buyers with complex job requirements. As a result, the number of buyers spending over $10K on Fiverr also increased.
Why Clean Harbors (CLH) Shares Are Trading Lower Today
Shares of environmental and industrial services company Clean Harbors (NYSE:CLH) fell 12.4% in the pre-market session after the company reported weak third-quarter earnings with its EBITDA forecast for the full year falling below Wall Street's expectations. The underwhelming forecast partly suggests profitability might be pressured as EPS and EBITDA fell below analysts' estimates during the quarter. In addition, while sales exceeded expectations, the margin was narrow, further dampening investors' optimism. Overall, this was a weaker quarter.
Why Wingstop (WING) Stock Is Falling Today
Shares of fast-food chain Wingstop (NASDAQ:WING) fell 20.5% in the afternoon session after the company reported third-quarter earnings: Its EPS missed, and its full-year same-store sales guidance of 20% fell slightly short of Wall Street's projections.
XPO (XPO) Shares Skyrocket, What You Need To Know
Shares of freight delivery company XPO (NYSE:XPO) jumped 15.3% in the morning session after the company reported third-quarter earnings that exceeded analysts' revenue expectations. Gross margin improved significantly, making for a comfortable beat on EPS and EBITDA. Despite the solid results, management noted a "soft freight environment." Regardless, it was still a strong quarter for the company.
Why Is Brinker International (EAT) Stock Soaring Today
Shares of casual restaurant chain Brinker International (NYSE:EAT) jumped 8.8% in the afternoon session after the company reported third-quarter earnings that blew past analysts' EBITDA expectations. Its revenue also outperformed Wall Street's estimates as restaurant visits and pricing improved. Management added, "Chili's advertising and social media campaigns continued to drive new guests and increased frequency in the first quarter." Zooming out, we think this was a strong quarter.
Why Global Industrial (GIC) Shares Are Trading Lower Today
Shares of industrial and commercial distributor Global Industrial (NYSE:GIC) fell 22.9% in the morning session after the company reported underwhelming third-quarter earnings, with its revenue, EBITDA, and EPS falling short of Wall Street's estimates. Management added, "Third quarter results reflect a weak demand environment and continued softness in our core small and medium business customer base..." Overall, this was a weaker quarter.
Why Is The Cheesecake Factory (CAKE) Stock Soaring Today
Shares of restaurant company Cheesecake Factory (NASDAQ:CAKE) jumped 14.5% in the morning session after the company reported third-quarter results that blew past analysts' EBITDA expectations. Management highlighted market share gains as the business continued to expand its footprint. Its EPS also outperformed Wall Street's estimates, showing that some of the improvements are reflected in the bottom line. Overall, we think this was a strong quarter.
Why Qorvo (QRVO) Stock Is Falling Today
Shares of communications chips maker Qorvo (NASDAQ: QRVO) fell 27.7% in the afternoon session after the company reported weak third-quarter earnings, with its revenue and EPS guidance for next quarter missing analysts' expectations. The company provided weak full-year revenue and gross margin guidance due to an unfavorable shift in smartphone demand as more consumers opt for lower-priced 5G smartphones rather than mid-range options. Notably, cheaper smartphones tend to fetch lower profit margins compared to mid-tier and flagship models. Even worse, Qorvo doesn't expect the trend to reverse, at least in the near term.
Leonardo DRS (DRS) Stock Trades Up, Here Is Why
Shares of aerospace and defense company Leonardo DRS (NASDAQ:DRS) jumped 14.4% in the morning session after the company reported a "beat and raise" quarter. Third quarter results blew past analysts' revenue, EBITDA, and EPS expectations. The top line benefited from demand for programs related to advanced infrared sensing, force protection and tactical radars, while the bottom line was supported by improved volumes.