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Stock impact report

Seagate's (STX) Q3 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]

Badger Meter, Inc. (BMI) 
Last badger meter, inc. earnings: 4/16 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
by 22.2%. The company reported non-GAAP loss of 28 cents per share in the year-ago quarter. Management anticipated third-quarter fiscal 2024 non-GAAP earnings to be 25 cents (+/- 20 cents). Non-GAAP revenues of $1.655 billion missed the Zacks Consensus Estimate by 0.7%. The figure declined 11% on a year-over-year basis. However, revenues improved 6% sequentially. Management projected revenues to be $1.65 billion (+/- $150 million) for the fiscal third quarter Sequentially, the company witnessed mass capacity demand improvement owing to stronger nearline cloud demand, which offset seasonal declines in the VIA market. Nearline cloud revenues improved owing to higher sales to cloud customers across the United States and China coupled with steady enterprise demand. Following the announcement, shares were up 1.8% in the aftermarket trading on Apr 23. In the past year, STX has increased 54.3% compared with the sub-industry's growth of 55.2%. Image Source: Zacks Investment Research Show less Read more
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