Earnings Beat

Perrigo Q1 Earnings Surpass, Sales Miss Estimates

May 9, 2024 author

Perrigo Company plc (NYSE: PRGO) reported adjusted earnings of 29 cents per share in the first quarter of 2024, beating the Zacks Consensus Estimate of 24 cents. Earnings were down 35.6% year over year, primarily due to a negative financial impact of 30 cents per share from infant formula. Net sales declined 8.4% year over […]

Earnings Beat

EverQuote Q1 Earnings Top Estimates, Revenues Fall Y/Y

May 9, 2024 author

EverQuote (NASDAQ: EVER) delivered first-quarter 2024 earnings per share of 5 cents in contrast to the Zacks Consensus Estimate of a loss of 7 cents as well as the year-ago quarter’s loss of 8 cents per share. Though the top line of $91 million declined 16.5% year over year, it beat the Zacks Consensus Estimate […]

Earnings Beat

Why Itron Might be Well Poised for a Surge

May 9, 2024 author

Itron (NASDAQ: ITRI) appears an attractive pick given a noticeable improvement in the company’s earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this energy and water meter company reflects growing optimism […]

Earnings Beat

Valvoline Surpasses Q2 Earnings and Revenue Estimates

May 9, 2024 author

Valvoline (NYSE: VVV) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.78%. A quarter ago, it was expected that […]

Earnings Beat

Fidelity National’s Shares Up 5.5% Since Q1 Earnings Beat

May 9, 2024 author

Fidelity National Information Services, Inc. (NYSE: FIS) shares gained 5.5% since it reported first-quarter 2024 results on May 6, 2024. Upward revision in adjusted earnings per share guidance, along with favorable EBITDA margin expansion, might have buoyed investor confidence in the stock. The first-quarter earnings benefited from strong recurring revenue growth in both the segments and […]

Earnings Beat

Inspire Medical Q1 Earnings Beat, Gross Margin Up

May 9, 2024 author

Inspire Medical Systems, Inc. (NYSE: INSP) delivered a loss per share of 34 cents in first-quarter 2024, narrower than the year-ago period’s loss of 53 cents per share. The metric was also narrower than the Zacks Consensus Estimate of a loss of 63 cents per share. Revenues in Detail Inspire Medical registered revenues of $164 […]

Earnings Beat

Reddit Users See An ‘Inverse Moment’ As Shares Pop 14% On Social Media Platform’s Financial Performance

May 8, 2024 author

Reddit Inc (NYSE:RDDT) recently released its first quarterly earnings report since its initial public offering (IPO) in March, causing its shares to surge by 14% in extended trading. The social media platform’s financial results showed a loss per share of $8.19 — lower than the expected $8.71 loss. However, revenue exceeded expectations, coming in at […]

Earnings Beat

Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What’s Driving Wednesday’s Market?

May 8, 2024 author

Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York. Hawkish remarks from Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins sparked concerns among investors about the potential delay in rate cuts, as the […]

Earnings Beat

PepsiCo Stock In Uptrend With Golden Cross In Sight, Driven By Q1 Earnings Beat

May 8, 2024 author

PepsiCo Inc (NYSE:PEP) stock has a Golden Cross pattern in the making — a bullish technical signal indicating a potential uptrend. This comes as PepsiCo delivered an earnings beat on April 23, with a 5.92% surprise on EPS and a 0.94% surprise on revenue. A Golden Cross In The Cards The Golden Cross pattern that […]

Earnings Beat

Reddit’s Enhanced Advertising Tools Drive ‘Sizable Upside’: JPMorgan

May 8, 2024 author

Reddit Inc (NYSE:RDDT) shares are on the rise following the company’s impressive first-quarter sales performance, which surpassed expectations. Reddit’s stock surged 14.82% in pre-market trading on Wednesday, as it reporting Q1 earnings after the market closed on Tuesday. Reddit’s Q1 earnings per share (EPS) beat estimates by 5.97%, and its revenue exceeded expectations by 14.16%. […]

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