Dow Jumps Over 150 Points; US Foods Posts Upbeat Earnings
U.S. stocks traded higher midway through trading, with the Dow Jones index jumping over 150 points on Thursday.…
BigCommerce Posts Impressive Q1 Results, CEO Anticipates ‘Additional Growth Momentum’
BigCommerce CEO Brent Bellm says anticipates "additional growth momentum" from new Catalyst storefront technology and 100-pkus new products.
What’s Going On With Palantir’s Stock?
Palantir's first-quarter revenue increased 21% year-over-year to $634 million, beating the consensus estimate. However, the stock tumbled as investors reacted negatively to the company's light guidance for the second quarter and the full year. CNBC's Jim Cramer said he still believes Palantir is a strong company following the earnings report. "I like that conference call very, very much," Cramer said. "I say not to worry, that company is a good company to own right here, right now."
Roller Coaster Revival: Cedar Fair’s Q1 Sales Soar, Despite Hurdles, Eyes Set on Thrilling Season Ahead
Cedar Fair reports strong Q1 FY24 results, with 20% sales growth and $0.30 quarterly cash distribution. Merger with Six Flags under DOJ review.
Shift4 Surges In Subscription, Payments Revenue Despite Falling Short Of Q1 Expectations
Shift4 Payments reported fiscal first-quarter 2024 gross revenue growth of 29% year-on-year to $707.4 million.
What’s Going On With Data Center REIT Equinix Stock Today?
Equinix, Inc. reported Q1 FY24 results with revenues up 6%, adjusted EBITDA up to $992M, and a quarterly dividend of $4.26. President and CEO sees potential in digital initiatives driving growth. Gain exposure with Pacer Data & Infrastructure Real Estate ETF.
Himax Tech CEO Calls Q1 Low Point, Foresees Sales Surge in Automotive Sector
Himax Technologies, Inc reported Q1 2024 revenue decline of 15.0% Y/Y to $207.55M, beating estimates. Gross margin was 29.3%. EPS was $0.07, higher than expected. Q2 guidance: 8.0-13.0% revenue growth, gross margin 31.5-33.5%, EPS $0.13-$0.17. Dividend of $0.29 declared. Stock up 6.51% premarket.
Why Pop Culture Group Stock Is Up
Pop Culture Group shares are trading higher Thursday after the company released an interim financial report which showed the second half of 2023 showed an increase in overall operational performance. For the six months ended Dec. 31, 2023, the company reported consolidated revenues of approximately $24 million, representing an increase of $12.75 million from the same period last year, reflecting 113% year-on-year growth.
US Foods’ Q1 Growth Beats Estimates, Outlook Remains Appetizing
US Foods Holding beats Q1 FY24 sales estimates, with a 4.7% year-on-year growth to $8.95 billion, driven by a 4.2% rise in total case volume and a 4.6% surge in independent restaurant case volume.
AppLovin Stock Is Ripping Higher: What’s Going On?
AppLovin reported first-quarter revenue of $1.058 billion, which was up 48% year-over-year and came in ahead of estimates of $974.361 million, according to Benzinga Pro. The company turned in quarterly earnings of 67 cents per share, beating estimates of 55 cents per share.