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Advantage Solutions Shares Rise After Q3 Loss Widens, Revenue Beats Expectations
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Advantage Solutions Shares Rise After Q3 Loss Widens, Revenue Beats Expectations
Nov 9, 2024 12:29 PM

01:41 PM EST, 11/07/2024 (MT Newswires) -- Advantage Solutions ( ADV ) shares rose past 3% in recent Thursday trading after the company reported a Q3 loss that widened year-over-year and revenue that beat analyst expectations.

The company reported a Q3 loss of $0.13 per diluted share, compared with a loss of $0.07 a year earlier. A single analyst polled by Capital IQ expected a loss of $0.08.

Revenue was $939.3 million, down from $1.02 billion a year ago. Two analysts surveyed by Capital IQ expected $851.6 million.

For fiscal 2024, Advantage Solutions ( ADV ) said it expects low single-digit growth for its revenue from continuing operations.

Price: 3.46, Change: +0.11, Percent Change: +3.28

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