Cloudflare (NET) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this web security and content delivery company would post earnings of $0.14 per share when it actually produced earnings of $0.20, delivering a surprise of 42.86%.Over the last ...

Cloudflare, Inc. (NYSE:NET) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Phil Winslow - Investor Relations Matthew Prince - Co-Founder and Chief Executive Officer Thomas Seifert - Chief Financial Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Andrew Nowinski - Wells Fargo Mark Murphy - JPMorgan Brent Thill - Jefferies Shaul Eyal - TD Cowen Timothy Horan - Oppenheimer Joel Fishbein - Truist Securities Jonathan Ho - William Blair Operator Good a ...

Trading Symbol:  TSX: SVM                                  NYSE AMERICAN: SVM                                                                                                                 VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended September 30, 2024 ("Q2 Fiscal 2025"). All amounts are expressed in US dollars, and figures may not add due to rounding. ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-390 ...

Revenue and Financial Performance - Third quarter revenue totaled $430.1 million, representing a 28% year-over-year increase[1][3] - For the fourth quarter of fiscal 2024, the company expects total revenue of $451.0 to $452.0 million and non-GAAP income from operations of $57.0 to $58.0 million[6] - For the full year fiscal 2024, the company expects total revenue of $1,661.0 to $1,662.0 million and non-GAAP income from operations of $220.0 to $221.0 million[6] Operating Results and Margins - GAAP loss from operations was $30.8 million, or 7% of revenue, while non-GAAP income from operations was $63.5 million, or 15% of revenue[1][4] - Non-GAAP operating income for Q3 2024 was $63.5 million, a significant increase from $42.5 million in Q3 2023, with operating margins improving to 14.8% from 12.7%[21] - GAAP gross profit was $334.1 million, or 77.7% gross margin, compared to $257.5 million, or 76.7%, in the third quarter of 2023[4] - Non-GAAP gross profit for Q3 2024 was $339.1 million, compared to $264.2 million in Q3 2023, reflecting a gross margin of 78.8% vs. 78.7% respectively[21] Net Income and Earnings - Non-GAAP net income was $72.6 million, compared to $55.3 million in the third quarter of 2023[4] - GAAP net loss for Q3 2024 was $15.3 million, an improvement from a $23.5 million loss in Q3 2023, while Non-GAAP net income for Q3 2024 was $72.6 million, up from $55.3 million in Q3 2023[22] - Non-GAAP net income per diluted share for Q3 2024 was $0.20, compared to $0.16 in Q3 2023[22] - Weighted-average shares used in computing Non-GAAP net income per diluted share were 356.9 million for Q3 2024, up from 351.7 million in Q3 2023[22] Cash Flow and Liquidity - Operating cash flow was $104.7 million, or 24% of revenue, and free cash flow was $45.3 million, or 11% of revenue[1][4] - Free cash flow for the three months ended September 30, 2024, was $45.3 million, compared to $34.9 million for the same period in 2023[23] - Net cash provided by operating activities for the three months ended September 30, 2024, was $104.7 million, representing 24% of revenue, up from $68.1 million (20% of revenue) in the same period in 2023[23] - Free cash flow margin for the three months ended September 30, 2024, was 11%, compared to 10% for the same period in 2023[23] - Net cash used in investing activities for the three months ended September 30, 2024, was $76.4 million, down from $100.2 million in the same period in 2023[23] - Net cash provided by financing activities for the three months ended September 30, 2024, was $2.4 million, compared to $34.6 million used in the same period in 2023[23] - Free cash flow for the nine months ended September 30, 2024, was $119.2 million, compared to $68.7 million for the same period in 2023[23] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $253.1 million, representing 21% of revenue, up from $169.0 million (18% of revenue) in the same period in 2023[23] - Free cash flow margin for the nine months ended September 30, 2024, was 10%, compared to 7% for the same period in 2023[23] - Net cash used in investing activities for the nine months ended September 30, 2024, was $163.2 million, up from $84.6 million in the same period in 2023[23] - Net cash provided by financing activities for the nine months ended September 30, 2024, was $4.8 million, compared to $202.0 million used in the same period in 2023[23] Customer Growth and Market Penetration - The company added a record 219 large customers, with 35% of the Fortune 500 now being paying Cloudflare customers[2] Expenses and Costs - The company's sales and marketing expenses were $185.2 million, research and development expenses were $110.9 million, and general and administrative expenses were $68.8 million for the third quarter[17] - Cost of revenue increased to $2,943 million in the latest quarter, up from $2,367 million in the previous quarter[18] - Sales and marketing expenses rose to $24,677 million, compared to $20,674 million in the prior quarter[18] - Research and development spending reached $40,459 million, up from $36,353 million in the previous quarter[18] - Total stock-based compensation and related employer payroll taxes amounted to $91,767 million, an increase from $76,857 million[18] - Stock-based compensation and related employer payroll taxes totaled $91.8 million in Q3 2024, up from $76.9 million in Q3 2023[21] - GAAP cost of revenue for Q3 2024 was $96.0 million, compared to $78.1 million in Q3 2023, while Non-GAAP cost of revenue was $91.0 million vs. $71.4 million respectively[21] - Non-GAAP sales and marketing expenses for Q3 2024 were $160.2 million, up from $129.0 million in Q3 2023[21] - Non-GAAP research and development expenses for Q3 2024 were $70.5 million, compared to $54.2 million in Q3 2023[21] - Non-GAAP general and administrative expenses for Q3 2024 were $45.0 million, up from $38.5 million in Q3 2023[21] Balance Sheet and Assets - Cash, cash equivalents, and available-for-sale securities were $1,823.8 million as of September 30, 2024[4] - Cash and cash equivalents grew to $182,883 million as of September 30, 2024, from $86,864 million at the end of 2023[19] - Total assets increased to $3,062,746 million, up from $2,759,767 million at the end of 2023[19] Net Loss and Cash Flow Trends - Net loss for the nine months ended September 30, 2024, was $65,952 million, an improvement from $156,084 million in the same period last year[20] - Net cash provided by operating activities was $253,121 million, compared to $168,965 million in the previous year[20] - Purchases of property and equipment totaled $111,884 million, up from $83,580 million in the prior year[20] - Net cash provided by financing activities was $4,753 million, a significant improvement from a net cash used of $201,975 million in the previous year[20]

In the period, net revenue totaled R$ 8.5 billion and EBITDA was R$ 813 millionBARRETOS, Brazil, Nov. 6, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a multinational food company and one of the global leaders in beef production, committed to creating connections between people, food and nature, presents its financial results for the third quarter of 2024 (3Q24) to the market. The following financial and operational information is presented in BRGAAP, in ...

Cloudflare, Inc. (NYSE: NET ) is reporting Q3 ’24 earnings on November 7, 2024, after the market close. Consensus is forecasting $424mm in revenue and an EPS of $0.18/share for the quarter, in line withMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, an ...

Cloudflare (NET) is scheduled to report third-quarter 2024 results on Nov. 7.NET projects third-quarter revenues in the band of $423-$424 million. The Zacks Consensus Estimate for the top line is pegged at $423.7 million, which indicates a year-over-year improvement of 26.2%.Cloudflare expects non-GAAP earnings of 18 cents per share for the to-be-reported quarter. The consensus mark for earnings is pegged at 18 cents per share, unchanged over the past 60 days. This figure implies an improvement of 12.5% fro ...

NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its third quarter 2024 financial results.Third Quarter 2024 highlights:Loews Corporation reported net income of $401 million, or $1.82 per share, in the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. Excluding the prior year third quarter's $37 million charge for the termination of Loews's defined benefit pension plan, net income grew 38% year-over-year due to increases at CN ...

In the latest market close, Cloudflare (NET) reached $89.52, with a +1.8% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. The web security and content delivery company's shares have seen an increase of 8.72% over the last month, surpassing the Computer and Technology sector's gain of 1.87% and the S&P 500's gain of 1.67%. Analysts and in ...