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Pre-Earnings

Wix (WIX) Reports Q1: Everything You Need To Know Ahead Of Earnings

Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) will be reporting results tomorrow morning. Here's what you need to know.

May 19, 2024
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Pre-Earnings

Palo Alto Networks (PANW) Q1 Earnings Report Preview: What To Look For

Cybersecurity provider Palo Alto Networks (NASDAQ:PANW) will be reporting earnings tomorrow afternoon. Here's what to expect.

May 19, 2024
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Pre-Earnings

Zoom (ZM) To Report Earnings Tomorrow: Here Is What To Expect

Video conferencing platform Zoom (NASDAQ:ZM) will be reporting results tomorrow afternoon. Here's what to look for.

May 19, 2024
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Why It Moves

Why Cracker Barrel (CBRL) Shares Are Trading Lower Today

Shares of restaurant company Cracker Barrel (NASDAQ:CBRL) fell 14.7% in the morning session after the company announced updates related to its strategic transformation plan and capital allocation strategy. Specifically, the Board of Directors declared a quarterly dividend of $0.25 per share of the company's common stock, down more than 80% from the previous dividend of $1.30. In addition, the company expects Q3 and Q4 2024 financial results to be below its previous expectations, mainly due to weaker-than-anticipated traffic. 

May 17, 2024
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Why It Moves

Why GameStop (GME) Shares Are Trading Lower Today

Shares of video game retailer GameStop (NYSE:GME) fell 23.8% in the morning session after the company announced preliminary financial results which revealed a sharp decline in sales. The results indicated Q1'24 net sales are expected to come in between $872 million to $892 million (vs. $1.237 billion in the same period last year). The sales guidance also fell significantly below analysts' expectations for Q1'24 sales of $1 billion. 

May 17, 2024
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Why It Moves

Why Is Robinhood (HOOD) Stock Soaring Today

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 7.5% in the morning session after it received a double rating upgrade from Bank of America analyst. The analyst upgraded the stock's rating from Underperform (Sell) to Buy and raised the price target from $14 to $24. The new price target represents more than a 25% upside from where shares traded when the upgrade was announced. The analyst added, citing the reasons for the upgrade, "We view the current entry point as the opposite of 2021 when we initiated at Underperform after its IPO given: (1) rising retail engagement and accelerating organic growth; (2) positive operating leverage after large expense reductions; (3) attractive valuation following increases in EBITDA/EPS."

May 17, 2024
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Why It Moves

Doximity (DOCS) Stock Trades Up, Here Is Why

Shares of healthcare professional network Doximity (NYSE:DOCS) jumped 21.2% in the pre-market session after the company reported a "beat and raise" quarter. Doximity beat on revenue, adjusted EBITDA, and EPS in the quarter. Next quarter's revenue and adjusted EBITDA guidance both came in higher than Wall Street's estimates. The company called out strong contributions from existing customers, which drove a net revenue retention rate of 114%. Notably, net revenue retention for the top 20 customers came in even higher at 122%. Furthermore, the company raised its full-year revenue and adjusted EBITDA guidance. Notably, the company expects a 10%+ growth from its Pharma customers (representing over three-quarters of revenue) and flattish growth from health system customers. Overall, this was a solid quarter for Doximity.

May 17, 2024
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Earnings

Flowers Foods (NYSE:FLO) Reports Q1 In Line With Expectations

Packaged bakery food company Flower Foods (NYSE:FLO) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 2.8% year on year to $1.58 billion. On the other hand, the company's full-year revenue guidance of $5.13 billion at the midpoint came in slightly below analysts' estimates. Its non-GAAP profit of $0.38 per share was flat year on year.

May 16, 2024
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Earnings

Take-Two's (NASDAQ:TTWO) Q1: Beats On Revenue But Full-Year Sales Guidance Misses Expectations

Video game publisher Take Two (NASDAQ:TTWO) beat analysts' expectations in Q1 CY2024, with revenue down 3.2% year on year to $1.40 billion. The company also expects next quarter's revenue to be around $1.33 billion, coming in 3% above analysts' estimates. It made a GAAP loss of $17.02 per share, down from its loss of $3.62 per share in the same quarter last year.

May 16, 2024
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Earnings

Doximity's (NYSE:DOCS) Q1 Sales Top Estimates, Full-Year Guidance Raised

Healthcare professional network Doximity (NYSE:DOCS) announced better-than-expected results in Q1 CY2024, with revenue up 6.4% year on year to $118.1 million. The company expects next quarter's revenue to be around $120 million, in line with analysts' estimates. It made a non-GAAP profit of $0.25 per share, improving from its profit of $0.14 per share in the same quarter last year.

May 16, 2024