Estimates

Redfin beats Q3 estimates but stock dips; CEO says company’s tech is a ‘passport to a new life’

Redfin CEO Glenn Kelman at a Technology Alliance luncheon in Seattle. (GeekWire Photo / Kevin Lisota)

Redfin beat analyst expectations for its fiscal third quarter, reporting revenue of $236.9 million and a earnings per share of $0.32. Revenue was down 1% year-over-year due to a pandemic-driven shortfall in Redfin’s home-buying business, while net income more than quadrupled. Wall Street expected revenue of $227 million and earnings per share of $0.25.

Still, the company’s stock was

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NXP Semi Tops Estimates, Offers Upbeat Guidance

NXP Semiconductors  (NXPI) – Get Report, the chipmaker focused on the auto and mobile-phone industries and others, reported a narrower-than-expected third-quarter loss and offered upbeat guidance for the fourth quarter. 

In the quarter the Eindhoven, Netherlands, company lost 8 cents a share compared with a profit of 38 cents a share in the year-earlier period. 

Revenue was essentially flat with a year ago at $2.3 billion.

A survey of analysts by FactSet

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Apollo Commerical Finance (ARI) Surpasses Q3 Earnings Estimates

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.28 per share when it actually produced earnings of

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Hanover Insurance Group (THG) Q1 Earnings Surpass Estimates – April 28, 2020

Hanover Insurance Group (THG Free Report) came out with quarterly earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 10.95%. A quarter ago, it was expected that this insurance company would post earnings of $1.93 per share when it actually produced earnings

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