Latest Stories
ESCO’s (NYSE:ESE) Q3: Beats On Revenue But Full-Year Sales Guidance Misses Expectations Significantly
Engineered products manufacturer ESCO (NYSE:ESE) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.5% year on year to $298.5 million. On the other hand, the company’s full-year revenue guidance of $1.1 billion at the midpoint came in 6% below analysts’ estimates. Its non-GAAP profit of $1.46 per share was 1.4% above analysts’ consensus estimates.
Applied Materials (NASDAQ:AMAT) Posts Better-Than-Expected Sales In Q3 But Quarterly Revenue Guidance Slightly Misses Expectations
Semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 4.8% year on year to $7.05 billion. On the other hand, next quarter’s revenue guidance of $7.15 billion was less impressive, coming in 1.3% below analysts’ estimates. Its non-GAAP profit of $2.32 per share was 5.7% above analysts’ consensus estimates.
Why Disney (DIS) Stock Is Up Today
Shares of global entertainment and media company Disney (NYSE:DIS) jumped 9.7% in the morning session after the company reported impressive third-quarter earnings. Revenue beat slightly, leading to an EPS beat.
Why Is Hillenbrand (HI) Stock Soaring Today
Shares of industrial processing equipment and solutions provider Hillenbrand (NYSE:HI) jumped 15.1% in the morning session after the company reported strong third-quarter results which blew past analysts' revenue and EBITDA estimates. Revenue improved sequentially despite a challenging demand environment for the business as customers delayed purchases in some end markets. On the other hand, its full-year EPS guidance missed significantly, and its revenue guidance for the next quarter fell meaningfully short of Wall Street's estimates. Overall, this was a mixed yet decent quarter, with the results indicating improved execution.
Why Tapestry (TPR) Stock Is Trading Up Today
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 13.2% in the afternoon session after the company announced it agreed to terminate its proposed merger with Capri. In addition, the company's board approved an additional $2 billion share repurchase program.
Why 3D Systems (DDD) Stock Is Falling Today
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 22.4% in the afternoon session after the company reported preliminary third-quarter sales results which fell below Wall Street's expectations. The sales weakness was attributed to macro factors that affected the demand for hardware systems. The company also noted that there were delays in closing some transactions, which resulted in the affected deals being pushed to the fourth quarter.
Why BrightView (BV) Shares Are Trading Lower Today
Shares of landscaping service company BrightView (NYSE:BV) fell 14.6% in the afternoon session after the company reported underwhelming third-quarter results. Sales narrowly topped analysts' revenue expectations, and its Maintenance revenue missed. The weak sales were mostly attributed to a shortfall in commercial landscape services and reductions in non-core businesses and ancillary services. In addition, its EPS fell short of Wall Street's estimates. Guidance was also mixed. Full-year revenue guidance was in line while full-year EBITDA guidance missed. Overall, this was a challenging quarter.
Why Cracker Barrel (CBRL) Stock Is Up Today
Shares of restaurant company Cracker Barrel (NASDAQ:CBRL) jumped 10.6% in the afternoon session after the company reported strong preliminary first-quarter results for fiscal 2025, which beat Wall Street's revenue, adjusted EBITDA and EPS estimates.
OneWater (NASDAQ:ONEW) Misses Q3 Sales Targets
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 16.2% year on year to $377.9 million. The company’s full-year revenue guidance of $1.78 billion at the midpoint came in 6.1% below analysts’ estimates. Its non-GAAP loss of $0.36 per share was significantly below analysts’ consensus estimates.
Disney’s (NYSE:DIS) Q3 Earnings Results: Revenue In Line With Expectations, Stock Soars
Global entertainment and media company Disney (NYSE:DIS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 6.3% year on year to $22.57 billion. Its non-GAAP profit of $1.14 per share was 2.8% above analysts’ consensus estimates.