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Why B&G Foods (BGS) Stock Is Falling Today
Shares of packaged foods company B&G Foods (NYSE:BGS) fell 19.4% in the afternoon session after the company reported underwhelming third-quarter earnings. Its sales and earnings missed Wall Street's estimates. Given the poor results, it lowered its full-year revenue and EPS guidance, suggesting the weaknesses recorded during the quarter might persist as management called out a slower-than-expected recovery in sales trends. While the weak trends partly explain the declining volumes during the quarter, the sale of the Green Giant U.S. shelf-stable product line also had a negative impact. Overall, this was a weaker quarter.
Why Trimble (TRMB) Stock Is Up Today
Shares of geospatial technology provider Trimble (NASDAQ:TRMB) jumped 17.3% in the morning session after the company reported strong third-quarter earnings, which blew past analysts' sales and profit expectations. Guidance was also strong as it raised its full-year EPS guidance. On the other hand, its organic revenue missed, but this quarter still had some key positives.
Kennametal (KMT) Stock Trades Up, Here Is Why
Shares of industrial materials and tools company Kennametal (NYSE:KMT) jumped 19.4% in the morning session after the company reported strong third-quarter earnings. Kennametal provided a full-year EPS forecast, which blew past analysts' expectations. EPS also outperformed Wall Street's estimates during the quarter. On the other hand, its EPS forecast for next quarter missed and its revenue fell short of Wall Street's estimates. Overall, this quarter was mixed but the strong full year EPS guidance seems to be lifting shares.
Why Latham (SWIM) Stock Is Falling Today
Shares of residential swimming pool manufacturer Latham (NASDAQ:SWIM) fell 15.1% in the morning session after the company reported disappointing third-quarter earnings. Sales missed analyst expectations during the quarter. The company experienced lower sales volumes, attributed to softer industry conditions and a challenging macroeconomic environment. Given the weak operating conditions, management lowered full-year revenue and EBITDA guidance. Overall, this was a weak quarter highlighting challenges that need to be swiftly tackled.
Why Is Coinbase (COIN) Stock Soaring Today
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 28.6% in the afternoon session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election.
Why Is Revolve (RVLV) Stock Soaring Today
Shares of online fashion retailer Revolve Group (NASDAQ: RVLV) jumped 24.9% in the morning session after the company reported strong third-quarter earnings. Momentum improved as demand accelerated in the Revolve segment, allowing the company to achieve a rare double-digit top-line growth compared to the previous year. The top line strength, in addition to enhanced business efficiency in logistics and marketing, also helped the company deliver strong improvements in profitability, as EBITDA also exceeded expectations.
Tesla (TSLA) Shares Skyrocket, What You Need To Know
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 15.1% in the morning session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election.
Why Is Limbach (LMB) Stock Soaring Today
Shares of building systems company Limbach (NASDAQ:LMB) jumped 17.1% in the afternoon session after the company reported strong third-quarter earnings. Revenue beat, which is a good start. In addition, Limbach blew past analysts' EBITDA expectations. The sales improvement was mostly driven by a 41% growth in the Owner Direct Relationships (ODR) Segment. This is due to the company's shift towards working directly with building owners, which results in higher-margin projects. The company is also expanding its footprint following the acquisition of Kent Island Mechanical to grow market share in the Washington, D.C. area.
Why Mercury Systems (MRCY) Stock Is Up Today
Shares of aerospace and defense company Mercury Systems (NASDAQ:MRCY) jumped 17.4% in the morning session after the company reported impressive third-quarter earnings that significantly blew past analysts' sales expectations. Notably, bookings grew 29% year-over-year and the company recorded a book-to-bill ratio of 1.21. This indicates that the company is receiving more orders than it is fulfilling, which sets the stage for the improved momentum to extend into the next quarter. To provide more visibility into the growth outlook, the company reported a backlog of $1.3 billion, up 16% year on year. Mercury expects to convert $777 million of the backlog into revenue within the next 12 months. These top-line improvements also helped the company beat analysts' EBITDA and EPS estimates. Overall, this was a stronger quarter for the company.
Why Qualys (QLYS) Stock Is Trading Up Today
Shares of cloud security and compliance software provider Qualys (NASDAQ:QLYS) jumped 20.6% in the pre-market session after the company reported a "beat and raise" quarter. Qualys results below past most of the key top-line metrics we track, including billings, EBITDA, and adjusted EPS.