Deckers crushes earnings yet again for Q2 2024, and others reports earnings as well
Stock Earnings Results
Skechers reported earnings of $0.91 per share, slightly below the consensus estimate of $0.94, resulting in a miss of 3.2%. The company posted a revenue of $2.16 billion, falling short of the $2.21 billion estimate but showing a growth of 7.2%. Despite the earnings miss, Skechers demonstrated steady sales performance.
DexCom exceeded earnings expectations with a reported earnings of $0.43 per share, beating the consensus estimate of $0.39 by 10.3%. The company's revenue came in at $1.00 billion, compared to the estimate of $1.04 billion, marking a significant growth of 15.3%. This reflects strong operational efficiency and market performance.
Deckers Brands reported an impressive earnings of $4.52 per share, surpassing the consensus estimate of $3.59 by 25.9%. The company achieved a revenue of $825.35 million, beating the $805.46 million estimate and showing a robust growth of 22.1%. These results highlight Deckers Brands' strong market performance.
Texas Roadhouse reported earnings of $1.79 per share, exceeding the consensus estimate of $1.66 by 7.8%. The company's revenue matched the estimate at $1.34 billion, showing a healthy growth of 14.5%. This reflects the restaurant's growing popularity and effective management.
L3Harris Technologies reported earnings of $3.24 per share, slightly above the consensus estimate of $3.18 by 1.9%. The company posted a revenue of $5.30 billion, in line with the estimate of $5.29 billion, marking a growth of 12.9%. This indicates steady performance in the defense technology sector.
Boston Beer Company reported earnings of $4.39 per share, missing the consensus estimate of $4.99 by 12.0%. The company's revenue was $614.22 million, compared to the estimate of $601.00 million, but showed a decline of 4.2%. These results suggest challenges in the market for Boston Beer Company.
LendingTree reported earnings of $0.54 per share, beating the consensus estimate of $0.46 by 17.4%. The company achieved a revenue of $210.10 million, surpassing the estimate of $189.04 million, with a growth of 15.1%. This highlights LendingTree's strong financial health and market position.
The results are mixed, with notable performances from Deckers Brands and LendingTree, both of which significantly exceeded earnings and revenue expectations. On the other hand, Skechers and Boston Beer Company faced challenges, missing their earnings estimates. Overall, the diverse performance across these companies reflects varying market conditions and operational capabilities of each company.
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