Stocks to Watch: Leslie's, Semtech, Woodward

Dow Jones
2024-11-26
 

By Connor Hart

 

Leslie's swung to a loss in its fiscal fourth quarter and warned of wider losses in the current quarter. The pool- and spa-supply retailer posted a loss of $9.9 million for its three months ended Sept. 28. For its current quarter, it expects a loss between $39 million and $41 million on sales of $169 million to $176 million. Shares tumble 22%, to $2.75, in after-hours trading.

Semtech narrowed its loss in the third quarter and forecast better-than-expected revenue in the current quarter. The chipmaker reported a net loss of $7.6 million in the recent quarter. For its fourth quarter, it guided for revenue of $250 million, plus or minus $5 million. Chief Executive Hong Hou projected AI-driven product demand to be a long-term and transformational growth engine for the company. Shares rise 14%, to $60.70, in post-market trading.

Woodward posted higher profit and revenue in its fiscal fourth quarter and guided for an upbeat fiscal 2025. The company, which makes energy-control products for the aerospace and industrial markets, reported a profit of $83.3 million on revenue of $854.5 million. For its fiscal 2025, the company expects per-share earnings between $5.75 and $6.25 on sales between $3.3 billion and $3.5 billion. Shares rise 10%, to $197.11, in after-hours trading.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

November 25, 2024 18:36 ET (23:36 GMT)

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