Movement Alert｜Quanta Falls 3.96% in After-Hours Trading, Q3 Results Beat and Full-Year Guidance Was Raised

Market Focus04:19

On October 30, Quanta fell 3.96% in After-Hours Trading, trading at $629.99 per share, with turnover of $31.5897 million.

The key news catalyst was the company’s latest quarterly report: third-quarter adjusted EPS came in at $6.06, above the $5.02 consensus estimate, while revenue reached $12.02 billion, ahead of the expected $11.03 billion.

Quanta also raised its full-year outlook, lifting adjusted EPS guidance to $17.90-$18.30 from $16.45-$16.95 previously, and increasing revenue guidance to $41.3 billion-$41.6 billion from $39.3 billion-$39.7 billion. Both updated ranges were above market expectations of $16.75 in adjusted EPS and $39.55 billion in revenue, making the earnings release and stronger guidance the central driver behind the stock’s post-report volatility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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