Stock Track | XPEL Stock Plunges Over 10% as Q3 Revenue Misses Estimates

Stock Track11-07

Shares of XPEL, Inc. (NASDAQ: XPEL), a leading provider of protective films and coatings, plummeted by 10.80% on November 7, 2024, following the release of the company's third-quarter 2024 financial results.

XPEL reported a Q3 revenue of $112.9 million, slightly missing the consensus analyst estimate of $113.066 million by 0.15%. Despite this minor revenue shortfall, the company delivered solid profitability metrics, including an EBITDA of $21.7 million, a net income of $14.9 million, and a gross margin of 42.5%.

However, the slight revenue miss appears to have dampened investor sentiment, triggering a sharp sell-off in XPEL's stock on the day of the earnings release. The stock opened significantly lower in pre-market trading, with a decline of over 6% before the market opened.

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(NASDAQ: XPEL), a leading provider of protective films and coatings, plummeted by 10.80% on November 7, 2024, following the release of the company's third-quarter 2024 financial ...</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":"XPEL","symbol_name":"XPEL Technologies Corp.","start_time":0,"source_url":"","article_id":"1183541622","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183541622","pubTimestamp":1730991134,"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 XPEL, Inc. , a leading provider of protective films and coatings, plummeted by 10.80% on November 7, 2024, following the release of the company's third-quarter 2024 financial results.XPEL reported a Q3 revenue of $112.9 million, slightly missing the consensus analyst estimate of $113.066 million by 0.15%. 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