CarMax exceeded Q3 earnings expectations, reporting sales of $6.223 billion and EPS of 81 cents, surpassing forecasts. The company saw growth in unit sales, strong margins, and increased CAF income. KMX shares surged following the positive results.
Results for: Q3 Results
Designer Brands Inc. (DBI) shares plummeted over 21% in premarket trading after reporting weaker-than-expected third-quarter earnings and sales, missing analyst estimates and lowering its full-year outlook. The company cited unseasonably warm weather and macroeconomic uncertainty as key factors.
Best Buy’s fiscal Q3 2025 earnings fell short of analyst predictions, driven by softer-than-expected demand attributed to macro uncertainty, pre-election distractions, and consumers delaying purchases. The company revised its full-year outlook downward, impacting its stock price.
Bath & Body Works (BBWI) stock surged after reporting better-than-expected third-quarter results and raising its 2024 outlook. The company exceeded sales and earnings estimates, showcasing strong performance despite a challenging retail environment. However, Q4 sales are projected to decline.
Aegon Ltd. saw its shares climb on Friday after reporting robust third-quarter results, including increased operating capital generation and a raised full-year guidance for 2024. The company also announced a new share buyback program and detailed its strategic plans for future growth.
Expedia Group (EXPE) reported better-than-expected third-quarter earnings, exceeding expectations on gross bookings and earnings. The company’s strong performance led to a surge in its share price and prompted analysts to raise their price targets on the stock.
Fluor Corporation (FLR) saw its shares tumble by over 16% after its third-quarter earnings fell short of analysts’ expectations. Revenue growth missed estimates, and adjusted earnings per share declined significantly year-over-year. Despite a surge in backlog, the company’s adjusted EBITDA and margins also contracted. However, Fluor announced plans to expand its share repurchase program and expects a significant gain from deconsolidating NuScale. The company also tightened its 2024 outlook.
Fortinet, a leading cybersecurity firm, surpassed analyst estimates for both revenue and earnings in the third quarter. The company also announced a significant increase to its share buyback program and provided a positive outlook for the fourth quarter and full year.
PENN Entertainment reported a slight miss on Q3 earnings, but revenue saw a modest increase. The company highlighted ongoing investments in digital and physical upgrades, including its ESPN BET platform and hotel renovations. Despite some headwinds in certain regions, PENN remains focused on expanding its interactive offerings and anticipates a strong finish to the year.
Papa John’s International, Inc. (PZZA) reported third-quarter earnings that met analyst expectations, but sales declined due to a challenging consumer environment. The company faced lower international and domestic sales, leading to a decrease in adjusted operating income. However, Papa John’s is reinvesting in consumer value perception and has appointed a new Chief Marketing Officer.