By Sam Bonacci
Hologic saw massive revenue growth in the second quarter of the year, but the company’s earnings per share missed the expected mark and sent the firm’s stock tumbling nearly 8% since the earnings report Wednesday afternoon.
The Marlborough medical device manufacturer reported second quarter revenue of $1.538 billion, accounting for 103.7% growth over the previous year’s quarter, according to a release put out Wednesday. The firm also posted earnings per share of $2.59, up a massive 354% from the second quarter of 2020.
Its profits for the quarter were $619 million, up from $95 million in the second quarter of 2020.
However, these figures still managed to miss the mark for the company that has built upon the success of its COVID-19 tests in the last year to great effect with multiple takeovers and wild earnings growth. The company was 1.15% off the Zacks Consensus Estimate of $2.62, prompting stock to take a plunge of just under 7.8% on the Nas
RingCentral (RNG) to Report Q1 Earnings: What s in Store? Zacks.com 8 hrs ago
RingCentral RNG is set to release first-quarter 2021 results on May 4.
For the quarter, the company expects revenues between $337 million and $340 million, indicating year-over-year growth of 26-27%.
The Zacks Consensus Estimate for revenues currently stands at $339.7 million, indicating growth of 26.9% from the year-ago reported figure.
Moreover, RingCentral expects earnings between 24 cents and 25 cents per share.
The consensus mark for earnings has moved up 4.2% to 25 cents per share over the past 30 days, indicating growth of 35% year over year
Notably, its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, with the average being 10.3%.
Office Properties Income Trust (OPI) Q1 FFO and Revenues Top Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
SolarEdge (SEDG) to Report Q1 Earnings: What s in the Cards? Zacks.com 4/29/2021
SolarEdge Technologies, Inc. SEDG is set to report first-quarter 2021 results on May 3, after market close. In the last reported quarter, the company delivered an earnings surprise of 12.64%.
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Let’s see how things have shaped up prior to this announcement.
Factors at Play
Growing strength in the U.S. residential solar market along with healthy growth observed in the international markets, particularly across Europe and Australia, is expected to have contributed favorably to SolarEdge Technologies’ first-quarter revenues.
Furthermore, the company is expected to have supplied approximately 85% of its U.S. products without tariffs by the end of the first quarter as it continues to ramp up production in its Sella 1 manufacturing facility in Israel along with its facilities in Vietnam and Hungary. Also, consistently strong demand for its EnergyHub single-phase storage inverter is
ConocoPhillips COP is scheduled to report first-quarter 2021 results on May 4, before the opening bell. In the last reported quarter, the upstream energy company’s adjusted loss per share of 19 cents was narrower than the Zacks Consensus Estimate by a penny, primarily due to increased output in Canada. Moreover, overall bitumen production rose from the year-ago period. Additionally, production and operating expenses declined for the quarter. The.