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Why Amkor (AMKR) Shares Are Trading Lower Today
Shares of semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) fell 21.2% in the afternoon session after the company reported underwhelming third-quarter earnings results, with revenue and EPS guidance for the next quarter falling below analysts' expectations, sending shares lower. In addition, EPS and EBITDA missed, suggesting that profitability might be under pressure.
Why Crocs (CROX) Shares Are Sliding Today
Shares of footwear company Crocs (NASDAQ:CROX) fell 18.8% in the morning session after the company reported weak third-quarter earnings as management lowered full-year revenue guidance. The revision is mainly reflected in the HEYDUDE Brand, with full-year sales expected to be down approximately 14.5%, compared to the previous forecast of a 10% to 8% decline. Also, management added that it would take longer than expected for the brand to turn the corner. Similarly, its EPS forecast for the next quarter missed expectations.
VF Corp (VFC) Shares Skyrocket, What You Need To Know
Shares of lifestyle clothing conglomerate VF Corp (NYSE:VFC) jumped 28.3% in the morning session after the company reported third-quarter results that blew past analysts' EBITDA and EPS expectations. In addition, its constant currency revenue outperformed Wall Street's estimates. Notably, guidance for the next quarter implied continued sequential improvement in sales relative to the declines recorded since the start of CY'24. In terms of the regional breakdown, APAC reported positive year on year growth, partially offsetting the declines recorded in other regions.
Why F5 (FFIV) Stock Is Up Today
Shares of network application delivery and security specialist F5 (NASDAQ:FFIV) jumped 12.5% in the morning session after the company reported third-quarter earnings that blew past analysts' billings and revenue expectations. This led to an EPS beat. Looking ahead, revenue guidance for the upcoming quarter was ahead while EPS guidance was in line. Zooming out, we think this was a solid quarter.
Why D.R. Horton (DHI) Shares Are Falling Today
Shares of homebuilder (NYSE:DHI) fell 12.5% in the morning session after the company reported weak third-quarter earnings results. Its full-year revenue guidance missed, and its EBITDA fell short of Wall Street's estimates. DHI highlighted macro challenges similar to some of the housing stocks that have reported this season. Management added "We believe that rate volatility and uncertainty are causing some buyers to stay on the sidelines in the near term." Overall, this was a softer quarter.
Why Stanley Black & Decker (SWK) Stock Is Down Today
Shares of manufacturing company Stanley Black & Decker (NYSE:SWK) fell 11.9% in the morning session after the company reported weak third-quarter earnings results and provided EPS and revenue forecasts for the full year, which fell short of Wall Street's estimates. The weaker top line growth was driven by a blend of slower consumer and automotive production and the recent divestiture (sales) of its Infrastructure business. Overall, this quarter could have been better.
Why Cadence (CDNS) Stock Is Up Today
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 13.1% in the afternoon session after the company reported impressive third-quarter earnings that blew past analysts' revenue and billings expectations. The strength was broad-based on strong double-digit sales growth recorded in the System Design & Analysis and IP segments. The Q4 bookings pipeline was described by management as “exceptionally strong”, suggesting a healthy rebound in the company's backlog. This was a very good quarter.
Why Is Shutterstock (SSTK) Stock Soaring Today
Shares of stock photography and footage provider Shutterstock (NYSE:SSTK) jumped 13.3% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter results blew past analysts' revenue, EPS, and EBITDA expectations.
Transcat (TRNS) Stock Trades Down, Here Is Why
Shares of measurement equipment distributor Transcat (NASDAQ:TRNS) fell 13.9% in the morning session after the company reported underwhelming third-quarter earnings results, with its revenue, EBITDA, and EPS missing Wall Street's estimates. Management attributed the weakness to the deceleration in Service organic revenue growth which fell below historical trends due to a decline in the Nexa cost control and optimization services business. Overall, this was a softer quarter.
Why Is Leggett & Platt (LEG) Stock Rocketing Higher Today
Shares of manufacturing company Leggett & Platt (NYSE:LEG) jumped 8% in the morning session after the company reported third-quarter earnings and provided revenue guidance for the next quarter, which blew past analysts' expectations. On the other hand, its EPS forecast for the next quarter missed. Overall, this was a mixed yet decent quarter.