A small group of companies just delivered three things investors wish for: beat earnings estimates, beat revenue estimates and boosted earnings guidance for the future.
Usually companies that pull off these three wishes are about as rare as a genie's lamp. But in the nearly completed first-quarter earnings season, 75 companies including tech companies Alliance Fiber, Advanced Micro Devices and apparel marker Columbia Sportswear, answered investors' hopes, says Bespoke Investment Group.
Seeing this many companies deliver on these three common investor wishes isn't all that common. Last earnings season just 50 companies managed to do it, Bespoke says.
Below is a list of thirteen of the companies that beat earnings, revenue targets and boosted their future guidance during the first quarter, which Bespoke is highlighting due to the strength in their shares: