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Allison Transmission (NYSE:ALSN) Reports Upbeat Q3
Transmission provider Allison Transmission (NYSE:ALSN) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12% year on year to $824 million. The company expects the full year’s revenue to be around $3.18 billion, close to analysts’ estimates. Its GAAP profit of $2.27 per share was also 12% above analysts’ consensus estimates.
Caesars Entertainment (NASDAQ:CZR) Misses Q3 Sales Targets
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 4% year on year to $2.87 billion. Its GAAP loss of $0.04 per share was also 128% below analysts’ consensus estimates.
First Solar (NASDAQ:FSLR) Misses Q3 Sales Targets, Stock Drops
Solar panel manufacturer First Solar (NASDAQ:FSLR) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 10.8% year on year to $887.7 million. The company’s full-year revenue guidance of $4.18 billion at the midpoint came in 6.2% below analysts’ estimates. Its GAAP profit of $2.91 per share was also 6.9% below analysts’ consensus estimates.
Qorvo (NASDAQ:QRVO) Q3: Beats On Revenue But Stock Drops 11.8%
Communications chips maker Qorvo (NASDAQ: QRVO) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 5.2% year on year to $1.05 billion. On the other hand, next quarter’s revenue guidance of $900 million was less impressive, coming in 14.6% below analysts’ estimates. Its non-GAAP profit of $1.88 per share was also 1.7% above analysts’ consensus estimates.
Heartland Express (NASDAQ:HTLD) Misses Q3 Sales Targets
Freight delivery company Heartland Express (NASDAQ:HTLD) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 11.9% year on year to $259.9 million. Its GAAP loss of $0.12 per share was also 1,027% below analysts’ consensus estimates.
Heartland Express (NASDAQ:HTLD) Misses Q3 Revenue Estimates
Freight delivery company Heartland Express (NASDAQ:HTLD) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 11.9% year on year to $259.9 million. Its GAAP loss of $0.12 per share was also 1,027% below analysts’ consensus estimates.
Powell (NASDAQ:POWL) Q2 Earnings: Leading The Electrical Systems Pack
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQ:POWL) and its peers.
Q1 Rundown: 3D Systems (NYSE:DDD) Vs Other Custom Parts Manufacturing Stocks
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the custom parts manufacturing stocks, including 3D Systems (NYSE:DDD) and its peers.
Why Boot Barn (BOOT) Shares Are Getting Obliterated Today
Shares of clothing and footwear retailer Boot Barn (NYSE:BOOT) fell 20.9% in the morning session after the company reported third-quarter earnings and provided EPS forecast for the next quarter, which missed Wall Street's estimates. The company also reported that CEO Jim Conroy will step down to become CEO of Ross Stores (NASDAQ:ROST). Chief Digital Officer John Hazen is slated to replace him as Interim CEO. Overall, this was a softer quarter, and the management shake-up is spooking investors.
Why Ford (F) Stock Is Falling Today
Shares of automotive manufacturer Ford (NYSE:F) fell 9.3% in the morning session after the company reported underwhelming third-quarter earnings results as its sales volumes missed. In addition, the company expects FY'24 operating income of roughly $10 billion, at the lower end of the previous guidance due to higher-than-expected warranty costs and inflation. During the quarter, Ford recorded a loss of approximately $1.2 billion from its Model E line, suggesting pricing and competitive challenges in the electric vehicle business. On the other hand, Ford exceeded analysts' revenue expectations during the quarter. This wasn't enough to get the stock up, and overall, we consider this a weaker quarter for the company.