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Why QuidelOrtho (QDEL) Stock Is Up Today
Shares of healthcare diagnostics company QuidelOrtho (NASDAQ:QDEL) jumped 2.6% in the morning session after a director, Joseph D Jr. Wilkins, purchased shares of the company's stock. Wilkins acquired 370 shares, in a transaction valued at $10,341. This type of insider purchase is often viewed by investors as a positive signal, suggesting that the company's leadership is confident in its future prospects. When a director invests their own money into the company, it can be interpreted as a belief that the stock's future is bright. This act of confidence can lead to increased positive sentiment among other investors, potentially contributing to the stock's upward movement.
Why Remitly (RELY) Stock Is Up Today
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 2.6% in the morning session after investors appeared to be buying the dip in a technical rebound following a significant drop in the previous month. The stock had previously fallen 16% after an earnings report was overshadowed by the company's forecast for slowing growth. Concerns about rising credit risk, partly due to a weakening U.S. economy, also weighed on the shares. Despite the recent pullback, which sent the stock to a 52-week low, Wall Street analysts maintained a consensus "Buy" rating on the digital remittance specialist.
Academy Sports (ASO) Stock Trades Up, Here Is Why
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) jumped 2.9% in the morning session after Telsey Advisory Group reaffirmed its positive 'Outperform' rating on the stock.
MRVL Q3 Deep Dive: Data Center Momentum and Celestial AI Acquisition Set Growth Trajectory
Networking chips designer Marvell Technology (NASDAQ: MRVL) met Wall Streets revenue expectations in Q3 CY2025, with sales up 36.8% year on year to $2.07 billion. The company expects next quarter’s revenue to be around $2.2 billion, coming in 1% above analysts’ estimates. Its non-GAAP profit of $0.76 per share was 3% above analysts’ consensus estimates.
Stocks making big moves yesterday: Lam Research, Sweetgreen, Applied Materials, Lattice Semiconductor, and The Pennant Group
Check out the companies making headlines yesterday:
Sprinklr (NYSE:CXM) Reports Strong Q3 CY2025
Customer experience management platform Sprinklr (NYSE:CXM) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 9.2% year on year to $219.1 million. On top of that, next quarter’s revenue guidance ($217 million at the midpoint) was surprisingly good and 3.1% above what analysts were expecting. Its non-GAAP profit of $0.12 per share was 32% above analysts’ consensus estimates.
Macy's (NYSE:M) Delivers Strong Q3 CY2025 Numbers
Department store chain Macy’s (NYSE:M) reported revenue ahead of Wall Streets expectations in Q3 CY2025, but sales were flat year on year at $4.91 billion. The company’s full-year revenue guidance of $21.55 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
Dollar Tree’s (NASDAQ:DLTR) Q3 CY2025: Beats On Revenue
Discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) reported Q3 CY2025 results topping the market’s revenue expectations, but sales fell by 37.2% year on year to $4.75 billion. Guidance for next quarter’s revenue was better than expected at $5.45 billion at the midpoint, 0.6% above analysts’ estimates. Its non-GAAP profit of $1.21 per share was 11.8% above analysts’ consensus estimates.
THOR Industries (NYSE:THO) Exceeds Q3 CY2025 Expectations
RV manufacturer Thor Industries (NYSE:THO) reported Q3 CY2025 results topping the market’s revenue expectations, with sales up 11.5% year on year to $2.39 billion. On the other hand, the company’s full-year revenue guidance of $9.25 billion at the midpoint came in 2.3% below analysts’ estimates. Its GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.
Processors and Graphics Chips Stocks Q3 Earnings: Qorvo (NASDAQ:QRVO) Best of the Bunch
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at processors and graphics chips stocks, starting with Qorvo (NASDAQ:QRVO).