Key Takeaways:
Dingdong’s revenue grew slightly in the first quarter, ending more than a year of revenue contraction
The company recorded its second quarterly net profit since its listing and said it expects both revenue and profit to post “considerable year-over-year growth” this year
By Doug Young
Companies Reporting Before The Bell
• Children's Place (NASDAQ:PLCE) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Thursday.
U.S. stocks closed mostly lower, with the Dow Jones falling around 170 points on Thursday. The Nasdaq Composite, however, gained for a fifth straight day, but recorded its worst month of the year.