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Latham (NASDAQ:SWIM) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Residential swimming pool manufacturer Latham (NASDAQ:SWIM) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 6.4% year on year to $150.5 million. The company’s full-year revenue guidance of $505 million at the midpoint came in 1.4% below analysts’ estimates. Its GAAP profit of $0.05 per share was 1.1% above analysts’ consensus estimates.
Grocery Outlet’s (NASDAQ:GO) Q3 Earnings Results: Revenue In Line With Expectations
Discount grocery store chain Grocery Outlet (NASDAQ:GO) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 10.4% year on year to $1.11 billion. On the other hand, the company’s full-year revenue guidance of $4.35 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.28 per share was 3.4% above analysts’ consensus estimates.
Mercury Systems (NASDAQ:MRCY) Delivers Strong Q3 Numbers
Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 13% year on year to $204.4 million. Its non-GAAP profit of $0.04 per share was also 150% above analysts’ consensus estimates.
Revolve (NYSE:RVLV) Beats Q3 Sales Targets, Stock Soars
Online fashion retailer Revolve Group (NASDAQ: RVLV) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.9% year on year to $283.1 million. Its GAAP profit of $0.15 per share was also 58% above analysts’ consensus estimates.
Why Palantir (PLTR) Stock Is Trading Up Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 22.9% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results blew past analysts' revenue and EBITDA expectations. Sales improved during the quarter due to solid demand for Palantir's AI offerings (powered by its artificial intelligence platform) across the U.S. government and commercial sectors and more efficient scaling of solutions from prototypes to production.
Why The RealReal (REAL) Stock Is Up Today
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) jumped 18.4% in the morning session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' Gross Merchandise Value (GMV), revenue and EBITDA expectations. Volumes increased year on year, exceeding expectations and making up for the shortfall in buyer count. Its full-year EBITDA guidance also exceeded Wall Street's estimates. Overall, this was a strong quarter.
Why Marqeta (MQ) Stock Is Falling Today
Shares of leading edge card issuer Marqeta (NASDAQ: MQ) fell 43% in the morning session after the company reported highly disappointing third-quarter earnings, as it lowered revenue and gross margin forecasts for the fourth quarter. Q4 2024 guidance indicates net revenue growth of 10% to 12% (vs. previous guidance of 16% to 18%) and gross profit growth of 13% to 15%. (vs. previous est. of 25% to 27%).
Why Hyster-Yale Materials Handling (HY) Stock Is Nosediving
Shares of lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY) fell 20.6% in the morning session after the company reported weak third quarter earnings. Its revenue missed and its EBITDA fell short of Wall Street's estimates. The quarter revealed weakness in some geographies, such as the EMEA (Europe, Middle East, and Africa) region, as sales decreased by 21%, primarily due to supply chain challenges and lower production rates. The company also called out weaknesses in the lift truck market. Overall, this quarter could have been better.
Why JELD-WEN (JELD) Shares Are Getting Obliterated Today
Shares of building products manufacturer JELD-WEN (NYSE:JELD) fell 31.1% in the morning session after the company reported weak third-quarter earnings. Revenue and EPS in the quarter missed by a meaningful amount. Sales fell 13% year on year due to weaker market demand and a shift to entry-level products.
Why Are EverQuote (EVER) Shares Soaring Today
Shares of online insurance comparison site EverQuote (NASDAQ:EVER) jumped 14.4% in the pre-market session after the company reported strong third-quarter earnings. EverQuote provided an optimistic revenue and EBITDA forecast for the next quarter, which blew past analysts' expectations. The quarter's revenue and EBITDA also beat Wall Street's estimates following a recovery in the auto industry. Notably, revenue in the automotive insurance vertical tripled year on year and accounted for 90% of overall revenue. This highlights Everquote's strong positioning and improving dominance in the auto vertical.