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Why It Moves

Why Is Snap One (SNPO) Stock Soaring Today

Shares of smart living technology company Snap One (NASDAQ:SNPO) jumped 32.1% in the morning session after reports Resideo agreed to acquire the company for $10.75 per share in cash. When the deal is completed, Snap One will integrate into Resideo's ADI Global Distribution business. Resideo is a company historically known for its temperature control (heating, thermostats, air conditioning) and security solutions (sensors, video cameras) for both commercial and residential customers while Snap One is known for its connected home products. Together, the companies will boast a stronger position in security, audio visual, and smart living technology and be more attractive to the professional integrators that sell and install these products for end customers. At the price of $10.75 per share, the transaction is valued at approximately $1.4 billion, including net debt of Snap One. This represents a 7.4x multiple on SNPO's Adjusted EBITDA for the twelve months ended December 29, 2023 (further adjusted by including Resideo's projected annual run-rate synergies of $75 million).

Apr 15, 2024
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Why It Moves

Why Are Inspired (INSE) Shares Soaring Today

Shares of gaming company Inspired (NASDAQ:INSE) jumped 11.4% in the morning session after the company reported fourth quarter results that blew past analysts' revenue expectations, led by strong performance in its Gaming segment. On the other hand, its EPS and operating margin fell short of Wall Street's estimates. Overall, this was a mixed quarter for Inspired Entertainment, but the market seems to be rewarding the company for its top-line performance.

Apr 15, 2024
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Earnings

Inspired Entertainment (NASDAQ:INSE) Exceeds Q4 Expectations, Stock Soars

Gaming company Inspired Entertainment (NASDAQ:INSE) reported Q4 CY2023 results beating Wall Street analysts' expectations, with revenue up 3.3% year on year to $81.2 million. It made a GAAP loss of $0 per share, down from its profit of $0.11 per share in the same quarter last year.

Apr 15, 2024
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Post-Earnings

Q4 Earnings Outperformers: PENN Entertainment (NASDAQ:PENN) And The Rest Of The Casino Operator Stocks

Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at PENN Entertainment (NASDAQ:PENN) and its peers.

Apr 15, 2024
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Post-Earnings

Q4 Semiconductor Manufacturing Earnings: Nova (NASDAQ:NVMI) Earns Top Marks

Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Nova (NASDAQ:NVMI) and its peers.

Apr 15, 2024
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Post-Earnings

Education Services Stocks Q4 In Review: Laureate Education (NASDAQ:LAUR) Vs Peers

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Laureate Education (NASDAQ:LAUR) and the rest of the education services stocks fared in Q4.

Apr 15, 2024
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Post-Earnings

Unpacking Q4 Earnings: Leggett & Platt (NYSE:LEG) In The Context Of Other Home Furnishings Stocks

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Leggett & Platt (NYSE:LEG) and the best and worst performers in the home furnishings industry.

Apr 15, 2024
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Post-Earnings

A Look Back at Leisure Products Stocks' Q4 Earnings: Johnson Outdoors (NASDAQ:JOUT) Vs The Rest Of The Pack

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the leisure products stocks, including Johnson Outdoors (NASDAQ:JOUT) and its peers.

Apr 15, 2024
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Post-Earnings

Q4 Rundown: OneWater (NASDAQ:ONEW) Vs Other Automotive and Marine Retail Stocks

Let's dig into the relative performance of OneWater (NASDAQ:ONEW) and its peers as we unravel the now-completed Q4 automotive and marine retail earnings season.

Apr 15, 2024
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Post-Earnings

Q4 Earnings Roundup: Zuora (NYSE:ZUO) And The Rest Of The Finance and HR Software Segment

Let's dig into the relative performance of Zuora (NYSE:ZUO) and its peers as we unravel the now-completed Q4 finance and HR software earnings season.

Apr 15, 2024