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Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance

By Erica Kollmann
May 7, 4:30 PM
Reddit reported quarterly losses of $8.19 per share which missed the analyst consensus estimate of losses $6.97 by 17.5%. Quarterly sales clocked in at $242.963 million, beating the analyst consensus estimate of $212.830 million by 14.16%. The company reported record user traffic, with Daily Active Uniques (DAUq) increasing 37% to 82.7 million and Weekly Active Uniques (WAUq) increasing 40% year-over-year to 306.2 million.

RDDT

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Upstart Q1 Earnings: Revenue Beat, EPS Beat, Targeting Positive EBITDA In 2024 And More

By Adam Eckert
May 7, 4:27 PM
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart's top-line results were up 24% year-over-year, but down 9% sequentially. The cloud-based AI lending platform company reported an adjusted loss of 31 cents per share, which beat analyst estimates for a loss of 39 cents per share.

UPST

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2 minute read

Laboratory Instruments Company Waters Corp Projects Steady Growth Amid Global Sales Fluctuations: Details

By Anusuya Lahiri
May 7, 2:55 PM
Waters Corp (NYSE: WAT) reported Q1 2024 sales of $636.8 million, beating analyst consensus. Quarterly rev declined 7%. Adjusted EPS was $2.21, beating Wall Street estimate. Outlook: full-year org constant currency sales growth -0.5% to +1.5%, and Q2 org constant currency sales decline (6)% - (4)%. Stock gained 9% in last 12 months. WAT shares trading higher at $322.12.

WAT

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Dental Supplies Distributor Henry Schein’s Tech Segment Provides Some Stability In Challenging Macro Times: Analyst

By Vandana Singh
May 7, 2:27 PM
Henry Schein reports Q1 adjusted EPS at $1.10, down 9% Y/Y, with sales at $3.17 billion, up 3.7%. Guidance projects 2024 sales growth at 8%-10%, reaffirming adjusted EPS guidance of $5.00-$5.16. William Blair attributes the EPS beat to margin expansion driven by technology and value-added services.

HSIC