Why Are Driven Brands (DRVN) Shares Soaring Today

Driven Brands' stock surged by eight percent after reporting robust third-quarter earnings, beating analysts' expectations with adjusted earnings per share of thirty-four cents. Despite a nine and a half percent revenue decline, the company raised its full-year earnings forecast, boosting investor confidence. Meanwhile, the broader market faced headwinds due to trade tensions and underperforming tech companies, causing a downturn in major market indexes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.