===KinderCare Learning Companies (KLC) reported earnings on Wed 20 Nov 24 (a/h)

 

KinderCare Learning Companies beats by $0.07, beats on revs

KinderCare Learning posted higher revenue in the third quarter, boosted by higher tuition rates, in its first earnings report since its initial public offering.

The Portland, Ore.-based operator of childcare centers on Wednesday reported a profit of nearly $14 million, or 15 cents a share, compared with $16 million, or 18 cents a share, in the year-ago period.

Adjusted earnings came in at 5 cents a share.

Total revenue rose 7.5% to $671.5 million.

At its early childhood education centers, revenue rose 6.9%, of which 6% came from higher tuition rates and the rest from increased enrollment.

Revenue increased 16.8% at its before- and after-school sites, helped by new sites, offering more summer day camps and higher tuition.

Profit took a hit from lower cost reimbursement from Covid-19 related stimulus measures, as well as increased personnel costs.

Last month, KinderCare shares started trading on the New York Stock Exchange, pricing shares at $24. The stock closed Wednesday at $22.80.

Earnings this week : Nov 18 - 22, 24 (wk 47)

Monday (November 18)

• Morning: BRC TWST
• Afternoon: ACM BRBR SYM TCOM

Tuesday (November 19)

• Morning: AS ENR GDS J KC LOW MDT OCSL VIK VIPS VVV WMT WB
• Afternoon: AZEK DLB GBDC KEYS LZB POWL VREX ZTO

Wednesday (November 20)

• Morning: BERY DY GLBE NIO SR TGT TJX WSM WIX
• Afternoon: CPA JACK KLC  MMS NVDA PANW SNOW SQM

Thursday (November 21) 

• Morning: ATKR BIDU BJ DE BEKE SCVL VSTS WMG
• Afternoon: CPRT ESTC GAP INTU ROST UGI

Friday (November 22)

• Morning: BKE

This week's biggest % gainers & losers : Nov 11 - 15, 24 (wk 46)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: OMER (6.75 +53.06%), ARRY (6.93 +14.65%)
• Materials: CMP (14.86 +13.96%), OEC (17.71 +12.99%)
• Industrials: BE (21.02 +59.61%), HTZ (4.04 +28.1%), CAE (21.71 +15.05%)
• Consumer Discretionary: DESP (17.26 +15.07%)
• Information Technology: SHOP (108.19 +24.18%), SSYS (9.3 +21.25%)
• Financials: MBI (6.04 +34.52%)
• Energy: TGS (27.25 +17.61%)
• Consumer Staples: PRMW (28.49 +17.68%), TPB (60.8 +17.62%), NUS (7.55 +15.19%)

This week's top % losers

• Healthcare: EBS (7.84 -33.39%), HRTX (1.2 -31.71%), PACB (1.61 -30%), SGMO (2.03 -29.27%), ALLO (2.26 -26.62%), ADAP (0.59 -26.41%), HALO (45.7 -25.06%), SGRY (23.1 -23.9%), IOVA (8.15 -23.05%), INO (4.27 -23.01%), NKTR (1.08 -22.86%)
• Industrials: SAVE (1.05 -61.11%)
• Consumer Discretionary: GRPN (8.16 -25.55%), SNBR (12.26 -22.99%)
• Information Technology: INSG (11.86 -34.84%), MPWR (569.77 -25.16%)
• Financials: JRVR (4.63 -29.31%) 

===Luminar Technologies (LAZR) reported earnings on Mon 11 Nov 24 (a/h)

 

Luminar Technologies misses by $0.01, misses on revs; expects Q4 revs to grow moderately relative to Q3 

• Reports Q3 (Sep) loss of ($0.16) per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of ($0.15); revenues fell 8.6% year/year to $15.49 mln vs the $17.7 mln FactSet Consensus.
• Co's guidance:
  • Q4 revenue expected to grow moderately relative to Q3.
  • Q4 gross loss expected to improve significantly (down) sequentially.
  • Estimating ~$230-240 mln in cash by year's end (down from $240 mln).