Articles from StockStory
Torrid (NYSE:CURV) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops 20.1%
Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 4.2% year on year to $263.8 million. Next quarter’s revenue guidance of $262.5 million underwhelmed, coming in 9.3% below analysts’ estimates. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Via StockStory · December 3, 2024
Couchbase (NASDAQ:BASE) Exceeds Q3 Expectations But Stock Drops 11.9%
Database as a service company Couchbase (NASDAQ: BASE) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 12.7% year on year to $51.63 million. On the other hand, next quarter’s revenue guidance of $52.75 million was less impressive, coming in 2.3% below analysts’ estimates. Its non-GAAP loss of $0.05 per share was 37.9% above analysts’ consensus estimates.
Via StockStory · December 3, 2024
Box (NYSE:BOX) Reports Q3 In Line With Expectations
Cloud content storage and management platform Box (NYSE:BOX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.5% year on year to $275.9 million. The company expects next quarter’s revenue to be around $279 million, close to analysts’ estimates. Its non-GAAP profit of $0.45 per share was 6.5% above analysts’ consensus estimates.
Via StockStory · December 3, 2024
Marvell Technology (NASDAQ:MRVL) Delivers Strong Q3 Numbers, Stock Soars
Networking chips designer Marvell Technology (NASDAQ: MRVL) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 6.9% year on year to $1.52 billion. On top of that, next quarter’s revenue guidance ($1.8 billion at the midpoint) was surprisingly good and 9.3% above what analysts were expecting. Its non-GAAP profit of $0.43 per share was 5.5% above analysts’ consensus estimates.
Via StockStory · December 3, 2024
Okta’s (NASDAQ:OKTA) Q3 Sales Beat Estimates, Stock Jumps 18.9%
Identity management software maker Okta (OKTA) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 13.9% year on year to $665 million. Guidance for next quarter’s revenue was optimistic at $668 million at the midpoint, 2.7% above analysts’ estimates. Its non-GAAP profit of $0.67 per share was 14.8% above analysts’ consensus estimates.
Via StockStory · December 3, 2024
Salesforce (NYSE:CRM) Surprises With Q3 Sales But Quarterly Revenue Guidance Slightly Misses Expectations
Customer relationship management software maker Salesforce (NYSE:CRM) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 8.3% year on year to $9.44 billion. On the other hand, next quarter’s revenue guidance of $10 billion was less impressive, coming in 0.5% below analysts’ estimates. Its non-GAAP profit of $2.41 per share was 1.5% below analysts’ consensus estimates.
Via StockStory · December 3, 2024
Why Microchip Technology (MCHP) Shares Are Trading Lower Today
Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP)
fell 10.3% in the morning session after the company provided updated guidance for the December 2024 quarter, with expectations for revenue to be close to the low end of its previous forecast of $1.025 to $1.095 billion. Also, the company is closing its Tempe wafer fabrication facility due to elevated inventory levels and ample capacity.
Via StockStory · December 3, 2024
Why Intel (INTC) Stock Is Down Today
Shares of computer processor maker Intel (NASDAQ:INTC)
fell 5.9% in the afternoon session after the company announced the retirement of CEO Pat Gelsinger. While the company searches for his replacement, CFO David Zinsner and Michelle Johnston Holthaus, CEO of Intel Products, will lead the company.
Via StockStory · December 3, 2024
Upstart (UPST) Stock Trades Up, Here Is Why
Shares of aI-powered lending platform Upstart (NASDAQ:UPST)
jumped 9.5% in the afternoon session after Redburn Atlantic analyst Simon Clinch upgraded the stock's rating from Neutral to Buy. The analyst added, "Following 3Q24, we observe a clear positive inflection in fundamentals, driven almost entirely by the company's latest AI innovations, which still leaves upside potential from tailwinds related to falling US interest rates.".
Via StockStory · December 3, 2024
Why Core & Main (CNM) Stock Is Trading Up Today
Shares of water and fire protection solutions company Core & Main (NYSE:CNM)
jumped 15.4% in the afternoon session after the company reported impressive third-quarter financial results. Core & Main exceeded analysts' revenue and EBITDA expectations. In addition, full-year revenue guidance was raised, and full-year EBITDA guidance came in ahead of expectations, which is a sign of a healthy business. Overall, we think this was a strong quarter.
Via StockStory · December 3, 2024
AT&T (T) Stock Trades Up, Here Is Why
Shares of telecommunications conglomerate AT&T (NYSE:T) jumped 5.4% in the morning session after the company provided a long-term financial plan that revealed promising growth and profit expectations over the next three years, sweetened by details on how management intends to return some of the value created to shareholders.
Via StockStory · December 3, 2024
Why Palantir (PLTR) Stock Is Trading Up Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
jumped 6.2% in the morning session after the company announced that it has been granted FedRAMP High Authorization for Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service - Supporting Services (PFCS-SS). This authorization enables Palantir to provide its products and services to the US government at a higher level. The milestone underscores Palantir's growing strength and progress in the federal market, a critical vertical that plays a significant role in driving the company's growth.
Via StockStory · December 3, 2024
Why Zscaler (ZS) Stock Is Trading Lower Today
Shares of cloud security platform Zscaler (NASDAQ:ZS)
fell 8.7% in the morning session after the company reported third-quarter (fiscal Q1'2025) earnings: What was less exciting was that the company gave revenue and adjusted operating profit for the next quarter that was only in line with expectations. It seems that for a high-multiple stock that's up nearly 15% in the last month (prior to the release of quarterly earnings), expectations were for more convincing guidance. Also, CFO Remo Canessa announced his retirement, a development that always adds more uncertainty to guidance.
Via StockStory · December 3, 2024
Core & Main (NYSE:CNM) Beats Q3 Sales Targets, Stock Soars
Water and fire protection solutions company Core & Main (NYSE:CNM) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 11.5% year on year to $2.04 billion. The company’s full-year revenue guidance of $7.4 billion at the midpoint came in 0.9% above analysts’ estimates. Its GAAP profit of $0.69 per share was in line with analysts’ consensus estimates.
Via StockStory · December 3, 2024
Donaldson (NYSE:DCI) Surprises With Q3 Sales
Filtration equipment manufacturer Donaldson (NYSE:DCI) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 6.4% year on year to $900.1 million. Its non-GAAP profit of $0.83 per share was in line with analysts’ consensus estimates.
Via StockStory · December 3, 2024
Three Reasons Investors Love DoorDash (DASH)
What a fantastic six months it’s been for DoorDash. Shares of the company have skyrocketed 59.7%, hitting $176.98. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Via StockStory · December 3, 2024
3 Reasons to Sell TNC and 1 Stock to Buy Instead
Over the last six months, Tennant’s shares have sunk to $88.70, producing a disappointing 11.6% loss - a stark contrast to the S&P 500’s 14.4% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Via StockStory · December 3, 2024
Three Reasons to Avoid MED and One Stock to Buy Instead
What a brutal six months it’s been for Medifast. The stock has dropped 20.6% and now trades at $19.84, rattling many shareholders. This may have investors wondering how to approach the situation.
Via StockStory · December 3, 2024
Three Reasons to Avoid LIND and One Stock to Buy Instead
Lindblad Expeditions has been on fire lately. In the past six months alone, the company’s stock price has rocketed 81.4%, reaching $13.84 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Via StockStory · December 3, 2024
Spotting Winners: Redwire (NYSE:RDW) And Aerospace Stocks In Q3
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Redwire (NYSE:RDW) and its peers.
Via StockStory · December 3, 2024
Spotting Winners: Rivian (NASDAQ:RIVN) And Automobile Manufacturing Stocks In Q3
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how automobile manufacturing stocks fared in Q3, starting with Rivian (NASDAQ:RIVN).
Via StockStory · December 3, 2024
Three Reasons to Avoid BOWL and One Stock to Buy Instead
Bowlero currently trades at $12.41 per share and has shown little upside over the past six months, posting a small loss of 4.1%. The stock also fell short of the S&P 500’s 14.4% gain during that period.
Via StockStory · December 3, 2024
Firing on All Cylinders: Zeta (NYSE:ZETA) Q3 Earnings Lead the Way
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how advertising software stocks fared in Q3, starting with Zeta (NYSE:ZETA).
Via StockStory · December 3, 2024
Building Materials Stocks Q3 In Review: Valmont (NYSE:VMI) Vs Peers
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Valmont (NYSE:VMI) and its peers.
Via StockStory · December 3, 2024
Q3 Earnings Highlights: AZZ (NYSE:AZZ) Vs The Rest Of The Commercial Building Products Stocks
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at AZZ (NYSE:AZZ) and the best and worst performers in the commercial building products industry.
Via StockStory · December 3, 2024