Compass Surprises With Strong Q2 Revenue and Upbeat Guidance, Stock Jumps 11.9%

Yahoo Finance··US·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Compass reported second-quarter revenue of $4.31 billion, beating analyst estimates of $4.11 billion and marking 109% year-on-year growth. The company also issued third-quarter revenue guidance of $3.95 billion at the midpoint, which was 5.6% above Wall Street expectations, and EBITDA guidance of $290 million, surpassing the $274.1 million consensus. GAAP earnings per share came in at $0.11, missing the $0.14 estimate by 21.4%, while adjusted EBITDA reached $363 million with an 8.4% margin. The stock rose 11.9% to $13.45 following the announcement.

Impact on assets 3

Information Technology▲
Compass Inc
COMP
▲ PositiveCapitalrelevance

Compass reported strong Q2 revenue and upbeat guidance, beating estimates, driving stock up 11.9%.

Consumer Discretionary▲