LendingTree reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 37 cents by 89.19% and represents a 180% increase over earnings from the same period last year. Quarterly sales clocked in at $167.8 million which beat the analyst consensus estimate of $162.773 million by 3.09%.
Shares of Airspan Networks Holdings Inc. (NASDAQ: MIMO) shares rose sharply during Wednesday’s session after the company announced a partnership with GCT Semiconductor to develop an RF module.
Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.
Shares of RxSight, Inc. (NASDAQ: RXST) rose sharply during Monday’s session after the company issued preliminary FY23 and FY24 revenue guidance above estimates.
Also, Needham maintained a Buy rating on the stock and raised its price target from $35 to $41.
Trees Corporation, a Toronto-based company, has obtained creditor protection from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA). The company and its subsidiaries have been actively seeking additional financing and engaged a financial advisor to explore strategic options, including financing options. The company's directors determined that filing for creditor protection was in the best interest of the company. The initial order includes a stay of proceedings and the appointment of Ernst & Young as the monitor of the company. The board of directors and management will remain in place while the company undergoes the restructuring process.