TrueBlue Inc (NYSE:TBI) – 14% LOWER: TrueBlue reported Q3 earnings per share (EPS) of $0.16, which was $0.08 worse than the analyst estimate of $0.24. The revenue for the quarter came in at $473 million, falling short of the consensus estimate of $488.91 million.
Redfin Corporation (NASDAQ:RDFN) – 9% HIGHER: Redfin announced that funds managed by Apollo Capital Management, L.P. and its affiliates have committed to providing up to $250 million in financing for Redfin in the form of a first lien term loan facility.
Medpace Holdings (NASDAQ:MEDP) – 5% HIGHER: Medpace Holdings reported Q3 EPS of $2.22, surpassing the analyst estimate of $2.05 by $0.17. The revenue for the quarter came in at $492.5 million, exceeding the consensus estimate of $475.79 million. Medpace Holdings also provided a positive outlook for FY2023, expecting EPS in the range of $8.54 to $8.66 and revenue between $1.87 million and $1.89 million.
Cadence Design Systems (NASDAQ:CDNS) – 4% LOWER: Cadence Design Systems reported Q3 EPS of $1.26, which was $0.06 better than the analyst estimate of $1.20. However, the company’s revenue for the quarter was $1.02 billion, slightly missing the consensus estimate of $1 billion. Cadence Design Systems provided guidance for Q4 2023, with an EPS range of $1.30 to $1.36, slightly below the consensus estimate of $1.37. They also projected Q4 2023 revenue between $1.039 billion and $1.079 billion, compared to the consensus estimate of $1.072 billion. For FY2023, the company expects EPS in the range of $5.07 to $5.13 and revenue between $4.06 billion and $4.1 billion, both falling slightly short of the respective consensus estimates.
