Mister Car Wash: Q3 Earnings Snapshot
News > Business News
Audio By Carbonatix
3:58 PM on Wednesday, October 30, 2024
The Associated Press
TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Mister Car Wash Inc. (MCW) on Wednesday reported third-quarter net income of $22.3 million.
On a per-share basis, the Tucson, Arizona-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The car wash operator posted revenue of $249.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $248.8 million.
Mister Car Wash expects full-year earnings in the range of 35 cents to 36 cents per share, with revenue in the range of $988 million to $995 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCW at https://www.zacks.com/ap/MCW
