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Earnings

AAR (NYSE:AIR) Posts Q2 Sales In Line With Estimates

Aviation and defense services provider AAR CORP (NYSE:AIR) reported results in line with analysts' expectations in Q2 CY2024, with revenue up 18.7% year on year to $656.5 million. It made a non-GAAP profit of $0.88 per share, improving from its profit of $0.84 per share in the same quarter last year.

Jul 18, 2024
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Earnings

Netflix (NASDAQ:NFLX) Reports Q2 In Line With Expectations But Quarterly Guidance Underwhelms

Streaming video giant Netflix (NASDAQ: NFLX) reported results in line with analysts' expectations in Q2 CY2024, with revenue up 16.8% year on year to $9.56 billion. On the other hand, the company expects next quarter's revenue to be around $9.73 billion, slightly below analysts' estimates. It made a GAAP profit of $4.88 per share, improving from its profit of $3.29 per share in the same quarter last year.

Jul 18, 2024
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Earnings

Scholastic (NASDAQ:SCHL) Misses Q2 Revenue Estimates, Stock Drops 10.5%

Educational publishing and media company Scholastic (NASDAQ:SCHL) missed analysts' expectations in Q2 CY2024, with revenue down 10.1% year on year to $474.9 million. It made a GAAP profit of $1.23 per share, down from its profit of $2.27 per share in the same quarter last year.

Jul 18, 2024
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Why It Moves

Chuy's (CHUY) Stock Trades Up, Here Is Why

Shares of casual restaurant chain Chuy’s (NASDAQ:CHUY) jumped 47.8% in the morning session after the company announced it has agreed to be acquired by restaurant company, Darden. The deal valued Chuy's at $37.50 per share in an all-cash transaction, which implies an enterprise value of approximately $605 million. At $37.50 per share, the deal price represents a 40% premium to Chuy's 60-day volume weighted average price. 

Jul 18, 2024
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Why It Moves

Why Hexcel (HXL) Stock Is Falling Today

Shares of aerospace and defense company Hexcel (NYSE:HXL) fell 5.9% in the morning session after the company reported second quarter earnings results. Its full-year EPS forecast was underwhelming and its full-year revenue guidance was lowered to slightly below Wall Street's estimates. On the other hand, Hexcel blew past analysts' revenue and EPS estimates during the quarter. Zooming out, we think the quarter was fine, but the guidance is weighing on shares.

Jul 18, 2024
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Why It Moves

Why Beyond Meat (BYND) Stock Is Nosediving

Shares of plant-based protein company Beyond Meat (NASDAQGS:BYND) fell 18.4% in the pre-market session after the Wall Street Journal reported that the company is in talks with a group of bondholders to begin talks about restructuring its balance sheet. The talks are related to Beyond Meat's $1.1B convertible notes traded around 20 cents on the dollar, indicating investors' little faith in the company's near-term performance. The persistent cash burn recorded in recent quarters isn't helping matters either. 

Jul 18, 2024
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Why It Moves

Why Leslie's (LESL) Stock Is Down Today

Shares of pool products retailer Leslie’s (NASDAQ:LESL) fell 39.4% in the morning session after the company announced underwhelming preliminary fiscal third quarter results. Revenue is expected to come in at roughly $570 million (below consensus estimates of $619m). Adjusted EBITDA is expected to be $108 to $109 million (below estimates of $132m), and adjusted EPS is expected to be between $0.32 to $0.33 (below estimates of 0.42). 

Jul 18, 2024
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Why It Moves

Why Warner Bros. Discovery (WBD) Stock Is Trading Up Today

Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 6.6% in the morning session after the Financial Times reported that the company is exploring strategic options, including "selling assets or splitting its Max streaming service and movie studio businesses from its legacy TV networks." According to the reports, having the TV business handle the company's debt load will leave management with the option to explore more ways to accelerate growth in the fast-growing streaming & studio business. Such a move also provides more clarity to investors struggling to invest in both operating segments under a single parent.

Jul 18, 2024
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Why It Moves

Why Is D.R. Horton (DHI) Stock Soaring Today

Shares of homebuilder (NYSE:DHI) jumped 11.7% in the morning session after the company reported second quarter earnings results that beat analysts' revenue expectations; Its EPS also outperformed Wall Street's estimates. 

Jul 18, 2024
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Why It Moves

Why Domino's (DPZ) Stock Is Falling Today

Shares of fast-food pizza chain Domino’s (NYSE:DPZ) fell 14.2% in the pre-market session after the company reported second-quarter results with revenue and gross margin missing analysts' expectations. The company suspended its long-term guidance of 1,100 annual net store openings, which is a bad sign. It could mean that the market is more saturated than previously thought. It could also mean that the product is no longer resonating with customers, especially in areas previously thought to be good new markets for the company. Either way, lower store openings will certainly mean lower revenue growth over time. Overall, this quarter could have been better.

Jul 18, 2024