Covestro, a German chemicals company, announced that it expects its earnings for 2023 to be at the lower end of its previously indicated guidance range. The company cited a challenging environment that has had a negative impact on its third-quarter results. Revised Earnings Projection Covestro now anticipates its earnings before interest, taxes, depreciation, and amortization … [Read more...] about Covestro Lowers Earnings Outlook for 2023
Q3 results
McDonald’s Well Positioned for 2024
McDonald's Corp. has reported better-than-expected third-quarter results, leading Wells Fargo analyst Zachary Fadem to believe that the company is in a strong position for 2024. Fadem mentioned several catalysts that support this view. Easing November Compares and December Analyst Event Fadem highlighted easing November compares leading up to McDonald's December analyst event. … [Read more...] about McDonald’s Well Positioned for 2024
Public Storage Reports Strong Revenue Growth in Q3
Public Storage, a self-storage company based in Glendale, Calif., has reported impressive third-quarter results with revenue in line with expectations. Despite lower occupancy, higher rents have helped drive the company's growth. Financial Performance In the third quarter, Public Storage recorded a profit of $563.2 million, or $3.20 per share, compared to $2.71 billion, or … [Read more...] about Public Storage Reports Strong Revenue Growth in Q3
Airbnb Posts Strong Q3 Results, Q4 Guidance Slightly Below Expectations
Airbnb released its third-quarter financial results, surpassing expectations, although its fourth-quarter guidance fell slightly short of Street estimates. These results provide an early glimpse into the state of the travel industry as we await reports from other players such as Expedia and Booking.com. Q3 Financial Highlights Airbnb (ticker: ABNB) reported revenue of $3.4 … [Read more...] about Airbnb Posts Strong Q3 Results, Q4 Guidance Slightly Below Expectations
Grand Canyon Education Reports Strong Q3 Results
Shares of Grand Canyon Education (GCE) saw a significant surge on Friday following the release of their impressive third-quarter earnings report. The stock climbed 13% to reach $137.89 per share during afternoon trading, marking a potential all-time closing high. With a 30% increase in stock value throughout this year, GCE continues to prove its worth in the education services … [Read more...] about Grand Canyon Education Reports Strong Q3 Results
