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Earnings

Calavo (NASDAQ:CVGW) Exceeds Q3 Expectations But Stock Drops

Fresh produce company Calavo Growers (NASDAQ:CVGW) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell by 29.5% year on year to $170 million. Its non-GAAP profit of $0.05 per share was 83.1% below analysts’ consensus estimates.

Jan 14, 2025
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Why It Moves

Angi (ANGI) Stock Trades Up, Here Is Why

Shares of home services online marketplace ANGI (NASDAQ: ANGI) jumped 9% in the afternoon session after IAC's board approved a plan to fully spin off its stake in Angi. As part of the move, Joey Levin will step down as IAC CEO to become Executive Chairman of Angi. The spin-off is expected to give IAC shareholders direct ownership of Angi, fully separating the two companies. It will also eliminate Angi's dual-class structure, streamlining its governance. This simplified structure is expected to support Angi's growth by providing more flexibility to make acquisitions, raise capital, and attract talent.

Jan 14, 2025
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Why It Moves

KB Home (KBH) Shares Skyrocket, What You Need To Know

Shares of homebuilder KB Home (NYSE:KBH) jumped 5% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' backlog expectations. This figure is a leading indicator of revenue and a major focus of the markets. Its revenue also narrowly outperformed Wall Street's estimates. Management made constructive comments about the macro, noting that "Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year". On the other hand, its EBITDA missed and its full-year revenue guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a mixed quarter. The market seemed to focus on the top-line strength, and the stock traded up.

Jan 14, 2025