financetom
Business
financetom
/
Business
/
Advantage Solutions Shares Rise After Q3 Loss Widens, Revenue Beats Expectations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Geodrill Rises 4% as Its Q4 Loss Narrows but Misses Analysts' Estimates
Update: Geodrill Rises 4% as Its Q4 Loss Narrows but Misses Analysts' Estimates
Mar 3, 2025
11:36 AM EST, 03/03/2025 (MT Newswires) -- (Updates shares.) Geodrill ( GEODF ) on Monday reported a narrower fourth-quarter loss that missed analyst estimates. The company posted a loss of US$499,000, or US$0.01 per share, for the period, compared with a year-ago loss of US$1.4 million, or US$0.03. The analyst consensus estimate compiled by FactSet expected Geodrill ( GEODF )...
Apple's Partnership With Alibaba Could Boost iPhone Sales Growth in China, Wedbush Says
Apple's Partnership With Alibaba Could Boost iPhone Sales Growth in China, Wedbush Says
Mar 3, 2025
11:43 AM EST, 03/03/2025 (MT Newswires) -- Apple's ( AAPL ) iPhone sales could see a potential sales growth in the quarter ending June when its artificial intelligence feature launches in China following a potential partnership with Alibaba (BABA), Wedbush said in a note Monday. The tech giant previously lost some market share to Huawei, but the upcoming Apple Intelligence...
Wang & Lee Group to Acquire SolarHK for $1.9 Million in Shares
Wang & Lee Group to Acquire SolarHK for $1.9 Million in Shares
Mar 3, 2025
11:42 AM EST, 03/03/2025 (MT Newswires) -- Wang & Lee Group ( WLGS ) said Monday it is acquiring SolarHK in exchange for shares valued at about 15 million Hong Kong dollars ($1.9 million). The company said the acquisition aims to integrate SolarHK's solar expertise with WLG's lithium-ion battery initiatives and to advance the renewable energy transition in Hong Kong....
Correction: Howard Hughes Rejects Proposal From Pershing Square
Correction: Howard Hughes Rejects Proposal From Pershing Square
Mar 3, 2025
11:37 AM EST, 03/03/2025 (MT Newswires) -- (Amends headline and text throughout to clarify Pershing Square's proposal was to acquire additional shares in Howard Hughes.) Howard Hughes (HHH) said Monday that the special committee of its board hasn't accepted the Feb. 18 proposal from Pershing Square Capital Management to acquire 10 million newly issued common shares of Howard Hughes for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved