Stock Track | UL Solutions Inc. Soars Pre-Market on Strong Q3 Results, Raised Guidance

Stock Track

2024/11/05

UL Solutions Inc. (NYSE: ULS) stock surged over 6% in pre-market trading on Tuesday after the company reported better-than-expected third-quarter results and raised its full-year revenue guidance.

The safety science company posted Q3 adjusted earnings of $0.49 per share, beating analysts' estimates of $0.39. Revenue grew 8.1% year-over-year to $731 million, also exceeding expectations of $708.7 million.

Notably, UL Solutions raised its outlook for fiscal 2024, now anticipating mid-to-high single-digit constant currency organic revenue growth, up from its previous guidance. The company also reiterated its expectation for an improved adjusted EBITDA margin and capital expenditures of 8.0% to 8.5% of revenue.

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Soars Pre-Market on Strong Q3 Results, Raised Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-05 21:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UL Solutions Inc. (NYSE: ULS) stock surged over 6% in pre-market trading on Tuesday after the company reported better-than-expected third-quarter results and raised its full-year revenue guidance.</p>\n\n<p>The safety science company posted Q3 adjusted earnings of $0.49 per share, beating analysts' estimates of $0.39. 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The company also reiterated its expectation for an improved adjusted EBITDA margin and capital expenditures of 8.0% to 8.5% of revenue.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ULS","symbol_name":"UL Solutions Inc","start_time":0,"source_url":"","article_id":"1175514737","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175514737","pubTimestamp":1730813175,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"UL Solutions Inc.  stock surged over 6% in pre-market trading on Tuesday after the company reported better-than-expected third-quarter results and raised its full-year revenue guidance.The safety science company posted Q3 adjusted earnings of $0.49 per share, beating analysts' estimates of $0.39. 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