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Why Is Bowlero (BOWL) Stock Soaring Today
Shares of upscale bowling alley chain Bowlero (NYSE:BOWL) jumped 19.7% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results exceeded analysts' revenue and EBITDA expectations. In addition, Bowlero slightly lifted its full-year revenue guidance.
Why Commercial Vehicle Group (CVGI) Shares Are Trading Lower Today
Shares of vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) fell 23.2% in the pre-market session after the company reported weak third-quarter earnings. Revenue declined significantly year on year due to what management considered a global softening in customer demand. As a result, the company provided underwhelming outlook as its full-year revenue and EBITDA guidance fell short of Wall Street's estimates. Overall, this quarter could have been better.
DXP (DXPE) Shares Skyrocket, What You Need To Know
Shares of industrial distributor DXP Enterprises (NASDAQ:DXPE) jumped 21.5% in the afternoon session after the company reported strong third-quarter earnings. DXP blew past analysts' sales, EPS, and EBITDA estimates as its acquisition-driven strategy continued to pay off. Notably, the company closed five acquisitions through the third quarter and already added two more for the next quarter. Zooming out, we think this was a good quarter with some key areas of upside.
Why Hudson Technologies (HDSN) Stock Is Falling Today
Shares of refrigerant services company Hudson Technologies (NASDAQ:HDSN) fell 21.2% in the morning session after the company reported weak third-quarter earnings that missed analysts' sales expectations. Management attributed the softness to ongoing pricing pressure on certain refrigerants throughout the 2024 cooling season. The weakness was also partly attributed to lower revenue from certain contracts. Overall, this was a weaker quarter.
Why 8x8 (EGHT) Stock Is Up Today
Shares of business communications software company 8x8 (NYSE:EGHT) jumped 26.3% in the morning session after the company reported strong third-quarter earnings, which blew past analysts' EBITDA and billings expectations. Management observed strong growth in the usage of existing solutions, which contributed to improved retention. The trend continues as the company also observed growth in the sales of new products. On the other hand, its revenue guidance for next quarter missed analysts' expectations, but the market seems willing to overlook this. Overall, this quarter had some key positives.
Why Are Lindblad Expeditions (LIND) Shares Soaring Today
Shares of cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) jumped 25.1% in the afternoon session after the company reported third-quarter results that blew past analysts' sales and EPS expectations. Revenue was supported by the expansion of fleet and land experiences as the company reiterated its focus on delivering high-quality travel packages.
Why Are ThredUp (TDUP) Shares Soaring Today
Shares of online fashion resale marketplace ThredUp (NASDAQ:TDUP) jumped 37.9% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' EBITDA and revenue estimates. Despite reporting declines in revenue and active buyers, ThredUp provided an optimistic outlook as it raised full-year 2024 revenue and EBITDA guidance, signaling improved confidence in the near-term growth prospects.
Three Reasons to Avoid Disney and One Stock to Buy Instead
In the last six months, Disney shares have sunk to $95.51, producing a disappointing 18% loss - a stark contrast to the S&P 500’s 10.4% gain. This might have investors contemplating their next move.
Newmark’s (NASDAQ:NMRK) Q3 Earnings Results: Revenue In Line With Expectations, Provides Encouraging Full-Year Guidance
Real estate services firm Newmark (NASDAQ:NMRK) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 11.3% year on year to $685.9 million. The company’s full-year revenue guidance of $2.65 billion at the midpoint came in slightly above analysts’ estimates. Its non-GAAP profit of $0.33 per share was 10.9% above analysts’ consensus estimates.
Expeditors (NYSE:EXPD) Delivers Impressive Q3
Logistics and freight forwarding company Expeditors (NYSE:EXPD) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 37% year on year to $3 billion. Its GAAP profit of $1.63 per share was also 22.1% above analysts’ consensus estimates.