🟢 Compass is trading 10% up today after record $62 million Q3 net income

Compass is trading at $10.19, up 10.47%, after reporting record Q3 net income.

• November 5 results included $62 million in net income, adjusted EBITDA of $306 million above the high end of guidance, and $240 million in free cash flow.
• The results and earnings call detailed strong cost savings and market outperformance; Q4 revenue guidance implies a 4.5% organic decline year over year.
• Several analysts cut price targets on November 6.