Stock Track | Aspen Aerogels Soars in Pre-Market on Strong Q3 Results, Raised Outlook

Stock Track11-07

Aspen Aerogels (NYSE: ASPN) stock surged over 7% in pre-market trading on Tuesday after the company reported impressive third-quarter 2024 financial results that exceeded expectations and raised its full-year guidance.

For the third quarter, Aspen Aerogels posted revenue of $117.3 million, up a staggering 93% year-over-year and beating the consensus estimate of $109.4 million. The company's net loss of $13 million, or $0.17 per share, was also better than the $0.08 loss per share expected by analysts.

Fueling the stock's rally was Aspen's increased optimism for 2024. The company now expects full-year revenue of $450 million, up from its previous forecast of greater than $390 million. Aspen also raised its 2024 earnings guidance, projecting net income of $9 million and adjusted EBITDA of $90 million, well above prior estimates.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1146385510?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 17:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146385510","market":"us","top_or_hot":-1,"title":"Stock Track | Aspen Aerogels Soars in Pre-Market on Strong Q3 Results, Raised Outlook","media":"Stock Track","content":"<p>Aspen Aerogels (NYSE: ASPN) stock surged over 7% in pre-market trading on Tuesday after the company reported impressive third-quarter 2024 financial results that exceeded expectations and raised its full-year guidance.</p>\n\n<p>For the third quarter, Aspen Aerogels posted revenue of $117.3 million, up a staggering 93% year-over-year and beating the consensus estimate of $109.4 million. The company's net loss of $13 million, or $0.17 per share, was also better than the $0.08 loss per share expected by analysts.</p>\n\n<p>Fueling the stock's rally was Aspen's increased optimism for 2024. The company now expects full-year revenue of $450 million, up from its previous forecast of greater than $390 million. Aspen also raised its 2024 earnings guidance, projecting net income of $9 million and adjusted EBITDA of $90 million, well above prior estimates.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Aspen Aerogels Soars in Pre-Market on Strong Q3 Results, Raised Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Aspen Aerogels Soars in Pre-Market on Strong Q3 Results, Raised Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-07 17:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aspen Aerogels (NYSE: ASPN) stock surged over 7% in pre-market trading on Tuesday after the company reported impressive third-quarter 2024 financial results that exceeded expectations and raised its ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASPN","symbol_name":"Aspen Aerogels","start_time":0,"source_url":"","article_id":"1146385510","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146385510","pubTimestamp":1730971945,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Aspen Aerogels  stock surged over 7% in pre-market trading on Tuesday after the company reported impressive third-quarter 2024 financial results that exceeded expectations and raised its full-year guidance.For the third quarter, Aspen Aerogels posted revenue of $117.3 million, up a staggering 93% year-over-year and beating the consensus estimate of $109.4 million. The company's net loss of $13 million, or $0.17 per share, was also better than the $0.08 loss per share expected by analysts.Fueling","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASPN":"Aspen Aerogels"},"translate_title":"阿斯彭气凝胶(Aspen Aerogels)第三季度业绩强劲，前景上调，盘前股价飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASPN":1},"content_text":"Aspen Aerogels (NYSE: ASPN) stock surged over 7% in pre-market trading on Tuesday after the company reported impressive third-quarter 2024 financial results that exceeded expectations and raised its full-year guidance.\nFor the third quarter, Aspen Aerogels posted revenue of $117.3 million, up a staggering 93% year-over-year and beating the consensus estimate of $109.4 million. The company's net loss of $13 million, or $0.17 per share, was also better than the $0.08 loss per share expected by analysts.\nFueling the stock's rally was Aspen's increased optimism for 2024. The company now expects full-year revenue of $450 million, up from its previous forecast of greater than $390 million. Aspen also raised its 2024 earnings guidance, projecting net income of $9 million and adjusted EBITDA of $90 million, well above prior estimates.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1146385510"}