Stock Track | Aspen Aerogels Stock Plummets After Earnings Disappoint

Stock Track11-08

Shares of Aspen Aerogels (NYSE: ASPN) plunged over 5% on Thursday morning after the company reported disappointing third quarter 2024 earnings results. While revenue surged 93% year-over-year to $117.3 million, in line with expectations, the company's net loss of $13.0 million and loss per share of $0.17 missed analysts' projections.

The earnings miss overshadowed Aspen Aerogels' strong top-line growth, which was fueled by increasing demand for its aerogel insulation products. However, higher costs and expenses appeared to weigh on profitability, with the net loss essentially flat compared to the prior year despite the significant revenue increase.

Analysts had expected the company to narrow its loss this quarter, but the larger-than-anticipated deficit raised concerns among investors. The disappointing results also come on the heels of a 6% decline in Aspen Aerogels' stock price over the past week, suggesting market apprehension ahead of the earnings announcement.

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/1179011444?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 22:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1179011444","market":"hk","top_or_hot":-1,"title":"Stock Track | Aspen Aerogels Stock Plummets After Earnings Disappoint","media":"Stock Track","content":"<p>Shares of Aspen Aerogels (NYSE: ASPN) plunged over 5% on Thursday morning after the company reported disappointing third quarter 2024 earnings results. While revenue surged 93% year-over-year to $117.3 million, in line with expectations, the company's net loss of $13.0 million and loss per share of $0.17 missed analysts' projections.</p>\n\n<p>The earnings miss overshadowed Aspen Aerogels' strong top-line growth, which was fueled by increasing demand for its aerogel insulation products. However, higher costs and expenses appeared to weigh on profitability, with the net loss essentially flat compared to the prior year despite the significant revenue increase.</p>\n\n<p>Analysts had expected the company to narrow its loss this quarter, but the larger-than-anticipated deficit raised concerns among investors. The disappointing results also come on the heels of a 6% decline in Aspen Aerogels' stock price over the past week, suggesting market apprehension ahead of the earnings announcement.</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 Stock Plummets After Earnings Disappoint</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 Stock Plummets After Earnings Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-08 22:54 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Aspen Aerogels (NYSE: ASPN) plunged over 5% on Thursday morning after the company reported disappointing third quarter 2024 earnings results. While revenue surged 93% year-over-year to $...</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":"1179011444","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179011444","pubTimestamp":1731077642,"columns":[],"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":"Shares of Aspen Aerogels  plunged over 5% on Thursday morning after the company reported disappointing third quarter 2024 earnings results. While revenue surged 93% year-over-year to $117.3 million, in line with expectations, the company's net loss of $13.0 million and loss per share of $0.17 missed analysts' projections.The earnings miss overshadowed Aspen Aerogels' strong top-line growth, which was fueled by increasing demand for its aerogel insulation products. However, higher costs and expen","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASPN":"Aspen Aerogels"},"translate_title":"股票轨迹阿斯彭气凝胶股价因盈利令人失望而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASPN":1},"content_text":"Shares of Aspen Aerogels (NYSE: ASPN) plunged over 5% on Thursday morning after the company reported disappointing third quarter 2024 earnings results. While revenue surged 93% year-over-year to $117.3 million, in line with expectations, the company's net loss of $13.0 million and loss per share of $0.17 missed analysts' projections.\nThe earnings miss overshadowed Aspen Aerogels' strong top-line growth, which was fueled by increasing demand for its aerogel insulation products. However, higher costs and expenses appeared to weigh on profitability, with the net loss essentially flat compared to the prior year despite the significant revenue increase.\nAnalysts had expected the company to narrow its loss this quarter, but the larger-than-anticipated deficit raised concerns among investors. The disappointing results also come on the heels of a 6% decline in Aspen Aerogels' stock price over the past week, suggesting market apprehension ahead of the earnings announcement.","kind":"news","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":0},"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":"4.29.3","shortVersion":"4.29.3","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/1179011444"}