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Shares of Alcoa Inc (NYSE: AA) are down almost 5 percent on Thursday’s after-hours trading session, after the announcement of the company’s third quarter financial results.
The metals engineering and manufacturing company reported earnings of $0.07 per share on revenue of $5.573 billion, well below the Street’s consensus estimate of $0.14 per share and $5.67 billion. In addition, management trimmed its production guidance for the China, on the back of the sluggish economy, which will, in turn, take a toll on construction and the production of cars and trucks, which Alcoa supplies.
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Ruby Tuesday, Inc. (NYSE: RT) is also down, more than 8 percent, on its earnings report. The small-cap restaurants operator reported a net loss of ($0.03) per share, beating the Street’s consensus estimate of ($0.04) per share. However, sales of $279.48 million fell short of expectations for revenue of $282.45 million.
Yet another big loser on Thursday afternoon, following its earnings call, is AngioDynamics, Inc. (NASDAQ: ANGO), which is down roughly 6.5 percent. The small-cap medical devices company delivered earnings of $0.11 per share, in line with estimates and guidance. However, same as in Ruby Tuesday’s case, AngioDynamics’ revenue of $83.7 million came in below expectations of $84.75 million to $85 million.
On the other hand, Helen of Troy Limited (NASDAQ: HELE), which beat expectations on its top and bottom lines, is up more than 6.5 percent. The global consumer products company reported earnings of $1.12 per share on revenue of $369.13 million, considerably above the Street’s consensus, which called for earnings of $0.90 per share on revenue of $345 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.