Stocks On The Move: PRTY, SPWR, HIMS
2:38 pm Tuesday, November 08th, 2022
Party City (NYSE:PRTY) stock isn’t doing so hot on Tuesday after posting results from its Halloween quarter. While the third quarter is typically a strong period for PRTY stock, the company reported adjusted earnings per share of -$1.39. That’s a massive disappointment next to Wall Street’s estimate of -10 cents per share. It’s also a negative switch from the 2 cents per share reported in the third quarter of 2021.
Solar technology company SunPower (NASDAQ:SPWR) just had an outstanding third quarter. Now, SPWR stock traders are enthusiastically buying shares today. Reportedly, SunPower surpassed Wall Street’s top- and bottom-line estimates. The company also confirmed its optimistic financial outlook for 2022. How good was Q3 for SunPower? Put it this way: The company added a record 23,000 customers in Q3 2022, marking a 63% year-over-year (YOY) increase.
Hims & Hers (NYSE:HIMS) stock is climbing higher on Tuesday after reporting results for the third quarter of 2022. Investors are especially taking note of the company’s newest guidance in that earnings report. This saw Hims & Hers introduce a Q4 revenue outlook range of $159 million to $162 million. That’s looking good next to Wall Street’s estimate of $134.3 million for the quarter.
