Virco's Q3 Earnings & Sales Lag, Both Decline Y/Y, Stock Dips [Yahoo! Finance]
Virco Manufacturing Corporation (VIRC)
US:NASDAQ Investor Relations:
virco.com/investors
Company Research
Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The quarter's performance was primarily hurt by the tragic weather conditions, which affected several areas of the United States, along with the timing of shipments. Furthermore, increased costs and expenses hurt the bottom line of the company. VIRC stock plunged 17.7% during the trading session on Monday, post the announcement of the quarterly results. The company reported earnings of 52 cents per share, which lagged the Zacks Consensus Estimate of 87 cents by 40.2%. In the last reported quarter, it reported earnings of 62 cents per share. Net sales of $82.6 million also missed the consensus mark of $97 million by 14.7% and declined 2% from the prior-year quarter's level. Virco Manufacturing Corporation price-consensus-eps-surprise-chart | Virco Manufacturing Corporation Quote Order backlog at the end of Oct. 31, 2024, was down to approximately $25 million from $42.6 million in the prior year. Ship
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VIRC
News
- Virco Mfg (NASDAQ:VIRC) Is Paying Out A Dividend Of $0.025 [Yahoo! Finance]Yahoo! Finance
- Virco Mfg. Co. (NASDAQ: VIRC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Virco Mfg. Co. (NASDAQ: VIRC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $17.00 price target on the stock, down previously from $20.00.MarketBeat
- Despite shrinking by US$53m in the past week, Virco Mfg (NASDAQ:VIRC) shareholders are still up 326% over 3 years [Yahoo! Finance]Yahoo! Finance
- Virco Manufacturing Corporation (VIRC) Lags Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
VIRC
Earnings
- 12/9/24 - Miss
VIRC
Sec Filings
- 12/9/24 - Form 8-K
- 12/9/24 - Form 10-Q
- VIRC's page on the SEC website