Doximity Inc. (DOCS) shares surged in after-hours trading on Thursday after the company reported impressive second-quarter financial results that exceeded analyst expectations. Revenue grew 20% year-over-year, driven by strong performance in clinical workflow tools, while both operating and free cash flow saw significant increases. The company also provided optimistic guidance for the third quarter and full year.
Pinterest Inc (PINS) reported its third-quarter financial results, exceeding revenue expectations but falling short on earnings per share. The company saw strong user growth and highlighted the impact of its AI investments in driving personalized experiences and ad performance. Pinterest also provided guidance for the fourth quarter, forecasting continued revenue growth.
The GEO Group, Inc. (GEO) saw its shares jump by over 9% after reporting third-quarter earnings that missed analysts’ expectations. Revenue came in below estimates due to a decline in participants in the federal Intensive Supervision Appearance Program (ISAP). While adjusted EBITDA remained relatively stable, the company revised its full-year guidance downward, leading to a mixed investor reaction.
Canada Goose Holdings Inc. (GOOS) reported a better-than-expected second-quarter fiscal 2025 earnings, exceeding revenue estimates despite a 5% year-over-year decline. The company attributed the decline to a challenging macro environment impacting consumer sentiment. Despite the challenges, Canada Goose is investing in retail expansion and marketing initiatives for the holiday season, including a new collection launch and live shopping on Douyin. The company adjusted its full-year revenue outlook to reflect the current market conditions.
Halliburton Company (HAL) shares tumbled in after-hours trading after the oilfield services giant reported third-quarter earnings that missed analysts’ expectations. While revenue declined slightly, the company highlighted strong international performance and reaffirmed its commitment to shareholder returns.
Beyond Meat exceeded analysts’ expectations for both revenue and earnings in the third quarter, but the plant-based meat company lowered its full-year revenue forecast. The company saw strong growth in its US retail and foodservice channels, but international foodservice revenue declined. Beyond Meat is focused on bolstering its cash reserves and restructuring its balance sheet in the coming year.
Qualys, Inc. (QLYS) delivered impressive third-quarter financial results, exceeding analyst estimates for both earnings and revenue. The company’s strong performance, fueled by innovation and a commitment to cybersecurity, led to an upward revision of its full-year 2024 guidance. Analysts responded positively, with many adjusting their price targets on the stock.
Sunoco LP (SUN) reported third-quarter revenues that fell short of analyst expectations, sending its shares lower in premarket trading. While the company saw an increase in adjusted distributable cash flow and EBITDA, the missed revenue target weighed on investor sentiment.
Wajax Corporation, a leading Canadian industrial products and services provider, announced its third-quarter 2024 results, revealing a decline in revenue due to softer market conditions. However, the company saw an increase in its backlog and implemented cost-saving measures, indicating potential for future growth. The company also announced the planned retirement of its CFO, Stuart Auld, and named Tania Casadinho as his successor.
Lattice Semiconductor reported its third-quarter earnings, missing revenue estimates but meeting earnings per share expectations. The company also announced a 14% workforce reduction and a similar reduction in non-headcount operating expenses to improve efficiency and drive future growth. Despite near-term industry headwinds, the company remains optimistic about its long-term market position.
