The majority of large-cap U.S. companies have already released their second-quarter financial results. Thus far, the results have been impressive, with sector leaders reporting strong profit and sales growth. The majority of large-cap companies in the United States have already reported their second-quarter earnings. Thus far, the results have been impressive, with sector leaders reporting significant increases in profit and sales.
Insider Monkey discusses the list of the 10 stocks that crushed earnings expectations. Fibrinet reported fourth-quarter results that were better than expected. Earnings per share of $1.13 were higher than 75 cents in the comparable 2020 period. Analysts anticipated revenue of $486.9 million for Fabrinet. Broadridge Financial Solutions, Inc. recently reported earnings and sales that exceeded expectations for the fourth quarter. For the three months ended June 30, the company reported earnings of $2.20 per share, up from $1.97 per share in the same period last year. National Vision Holdings, Inc. shares hit a new 52-week high of $55.75 after the company beat second-quarter earnings expectations. The optical retailer earned 48 cents per share on an adjusted basis, compared to a loss of 41 cents in the year-ago quarter. The AZEK Company Inc. delivered another strong quarter, aided by the residential and commercial segments’ strong performance. Revenue increased approximately 46% to $327.45 million in the quarter, crushing analysts’ average estimate of $291.53 million. Palantir Technologies Inc. recently reported financial results for the second quarter ended June 30 that were better than expected. The software company based in Colorado reported adjusted earnings of 4 cents per share, up from 1 cent per share in the prior year period. For more details, click 10 Stocks That Crushed Earnings Expectations.
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