Virco Exceeds Analyst Expectations with Strong Q2 Earnings Report
In a surprising turn of events, Virco (NASDAQ: ) has surpassed analyst estimates with its impressive second-quarter earnings report, which was released on Monday.
According to the report, Virco’s earnings per share (EPS) stood at $0.950, accompanied by a revenue of $107.32 million. This figure has outperformed the consensus forecast of analysts compiled by Investing.com, who had predicted an EPS of $0.640 and revenue of $95.2 million for the period.
Following the release of this positive news, Virco’s shares experienced a substantial surge of 10.22%, closing at $5.070 for the day.
Noteworthy Earnings Releases in the NASDAQ Stock Market
While Virco shines with its outstanding financial performance, it is not the only company that has unveiled its operating results this month within the NASDAQ stock market industry group.
Deere & Company, for instance, recently reported its third-quarter earnings, revealing an impressive $10.2 per share on revenue of $15.8 billion. This outcome has easily surpassed initial estimates of $8.2 per share and revenue of $14.12 billion.
Another company that has caught analysts’ attention is Ashtead Group. Its latest performance for the third quarter has surpassed expectations, with earnings of $4.27 per share and revenue of $2.7 billion. This positive outcome has exceeded analyst estimates for 2020. Investing.com foresee an EPS of approximately $4.22 on revenue of $2.64 billion.
Stay updated on company profitability and earnings reports by referring to the Investing.com Earnings Calendar, which provides the latest developments in this domain.
Investing.com – Virco (NASDAQ: ) Q2 Report Beats Analyst Estimates with Earnings Above Expectations According to information released on Monday
Virco’s earnings per share (EPS) were $0.950 on revenue of $107.32M.The analyst consensus compiled by Investing.com previously thought the figure would be $0.640 per share on revenue of $95.2M.
Virco shares added 10.22% to $5.070 during the day after news of the earnings report.
Apart from Virco, there are other companies. in the NASDAQ stock market industry group that reported operating results during this month
Previously, Deere&Company reported Q3 earnings of $10.2 per share on revenue of $15.8B, versus estimates of $8.2 on revenue of $14.12B.
Ashtead Gro’s latest reported performance beat analysts’ forecasts. Q3 earnings were $4.27 per share on revenue of $2.7B, beating analyst estimates for 2020. Investing.com We expect EPS to be around $4.22 on revenue of $2.64B.
Follow the latest developments in the company’s profits through the Investing.com Earnings Calendar
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