Stock Track | Graham Holdings Soars on Strong Q3 Earnings Beat

Stock Track10-31

Shares of Graham Holdings (NYSE: GHC) surged 6.11% on Tuesday after the education and media company reported better-than-expected earnings for the third quarter of 2024.

The Arlington, Virginia-based company reported adjusted earnings of $17.25 per diluted share for the quarter ended September 30, significantly higher than the $15.31 per share expected by analysts. This strong earnings performance represents a significant increase from the $10.45 per share reported in the same period last year.

While Graham Holdings' revenue of $1.21 billion fell slightly short of the analyst consensus estimate of $1.23 billion, it still marked an 8.59% increase compared to the $1.11 billion reported in the third quarter of 2023. The company's robust earnings growth appears to have outweighed the modest revenue miss, driving the stock's positive momentum.

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