Indian Railways achieved record-breaking revenue of INR 12,159.35 crore ($148.06 million) during the recent festive season, driven by a massive surge in passenger travel. This reflects both booming economic activity and increased reliance on rail travel for festive journeys.
Natera, Inc. (NTRA) reported better-than-expected third-quarter financial results, exceeding both earnings and revenue estimates. The company’s strong performance also led to an upward revision of FY24 revenue guidance, boosting investor confidence and sending shares soaring. Several analysts responded to the positive news by raising their price targets for the stock, highlighting the market’s optimism about Natera’s future.
Stratasys, Ltd (SSYS) stock surged in pre-market trading after the 3D printing company reported better-than-expected third-quarter earnings, exceeding revenue estimates despite a year-over-year decline. While the company faces revenue challenges due to macroeconomic factors, its adjusted gross margin improved, and it returned to non-GAAP profitability, driven by strong traction for its flagship F3300 platform and growth in the Aerospace, Automotive, and Healthcare sectors. The company also reaffirmed its full-year revenue outlook and expects significant cost savings in 2024.
ZoomInfo Technologies Inc. (ZI) exceeded analysts’ expectations for its third quarter, reporting revenue of $303.6 million and adjusted earnings per share (EPS) of 28 cents. Despite the positive earnings, ZoomInfo shares fell over 16% on Wednesday. This decline comes despite the company’s optimistic outlook for the fourth quarter and fiscal year 2024.
Paysafe Limited (PSFE) reported strong third-quarter earnings, exceeding analyst expectations. However, the company’s stock plummeted in pre-market trading as investors expressed concerns about the pace of revenue growth. Despite beating revenue estimates, the 8% year-over-year increase was lower than some analysts had anticipated, leading to a sell-off.
International Game Technology (IGT) reported a third-quarter loss that missed analyst expectations despite revenue growth, driven by the sale of its Gaming & Digital business to Apollo Global Management. The company expects strong revenue in the fourth quarter and fiscal year 2024.
Motorola Solutions (MSI) exceeded analysts’ expectations for both earnings and revenue in the third quarter, leading to a surge in stock price and raised guidance for the full year. The company’s strong performance across all segments fueled the positive results, prompting analysts to increase their price targets on the stock.
Leafly Holdings, the cannabis discovery marketplace, reported a revenue decline in Q3 2024 compared to the same period last year, attributing it to fewer retail accounts and budget constraints among customers. However, the company highlighted its efforts to stabilize its retail business and achieve positive adjusted EBITDA for two consecutive quarters. Leafly plans to capitalize on growth opportunities while focusing on cost efficiency and resolving its convertible notes due in January 2025.
AMC Networks reported a slight revenue decline in the third quarter of 2024, but beat analyst expectations on both earnings and revenue. The company’s streaming business continues to grow, with subscriber numbers and revenue both increasing. CEO Kristin Dolan highlighted strategic partnerships and a focus on profitability as key drivers for the future.
Madison Square Garden Entertainment Corp. (MSGE) reported its fiscal first-quarter 2025 results, showing a slight revenue decline but a significant improvement in profits. While event-related revenues dipped, the company saw strong performance in premium hospitality and secured new sponsorship deals.
