Mixed Corporate Quarterly Results Beat And Fall Expectations
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Richmond, Va. CarMax Inc. reported fiscal third-quarter net income of $62.22 million, or $0.43 per share, and adjusted earnings of $0.51 per share on revenue of $5.793 billion, surpassing analysts' estimates. FactSet Research Systems posted fiscal first-quarter net income of $152.6 million, $4.06 per share, and adjusted earnings of $4.51 per share on revenue of $607.6 million, beating forecasts. Cintas reported fiscal second-quarter profit of $495.3 million, $1.21 per share, on revenue of $2.8 billion and provided full-year guidance. The disclosures cited company filings, Zacks surveys, and Automated Insights' AP summaries Thursday. Based on 6 articles reviewed and supporting research.
Prepared by Christopher Adams and reviewed by editorial team.
Timeline of Events
- Prior-year CarMax Q3 showed $125.44 million profit and $6.223 billion revenue.
- Associated Press summaries (via Automated Insights) and Zacks data compiled current-quarter disclosures.
- CarMax reported Q3 net income of $62.22 million and revenue of $5.793 billion.
- FactSet reported Q1 net income of $152.6 million and provided full-year EPS guidance.
- Cintas reported Q2 profit of $495.3 million and issued full-year revenue and EPS guidance.
- Articles Published:
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Investors and company management benefited from quarterly results that, in aggregate, beat analysts' revenue and earnings estimates and, for some firms, supported forward guidance and investor confidence.
CarMax reported a year-over-year decline in profit and revenue, which adversely affected its prior-year comparatives and may concern shareholders and stakeholders in the used-car supply chain.
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Mixed Corporate Quarterly Results Beat And Fall Expectations
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