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Angi (ANGI) Reports Earnings Tomorrow: What To Expect
Home services online marketplace ANGI (NASDAQ:ANGI) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
Why Blink Charging (BLNK) Stock Is Nosediving
Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) fell 21.9% in the afternoon session after the company reported weak third-quarter earnings. Full-year revenue guidance missed as sales fell short of Wall Street's estimates during the quarter. The top line was particularly impacted by a sharp deceleration in DC fast charger sales, given the tough comparison relative to the previous year. This trend was mostly concentrated in the automotive dealerships. As a result, the company plans to replace dealership sales by focusing on other sales verticals, though this might take some time to be reflected on the top line. Profitability, however, showed some resilience as the company managed to reduce its cash burn by 27% year-over-year and 50% year till date, driven by cost optimization efforts and a shift toward higher margin Level 2 chargers. Overall, this was a weaker quarter.
Why Opendoor (OPEN) Stock Is Down Today
Shares of technology real estate company Opendoor (NASDAQ:OPEN) fell 4.2% in the afternoon session after the company reported weaker third-quarter earnings, and provided revenue guidance for the next quarter that fell short of analysts' forecasts. This cautious outlook was influenced by a challenging operating environment, marked by high mortgage rates and affordability issues that are dampening transaction growth.
Why Unity (U) Shares Are Falling Today
Shares of game engine maker Unity (NYSE:U) fell 8% in the afternoon session after the company reported weak third-quarter earnings. Its full-year revenue guidance was underwhelming and its EBITDA guidance for next quarter fell short of Wall Street's estimates. And while sales came in ahead of expectations during the quarter, it still translated to an 18% year-on-year decline, which is concerning. Given that markets are forward-looking, the weak EBITDA guidance meant investors were likely to overlook the bottom line beat recorded in the quarter.
Why Airbnb (ABNB) Stock Is Trading Lower Today
Shares of online accommodations platform Airbnb (NASDAQ:ABNB) fell 8.2% in the afternoon session after the company reported third-quarter earnings and provided revenue and EBITDA margin guidance for the next quarter that fell short of Wall Street's estimates. Revenue and EBITDA in the quarter both beat, and encouragingly, bookings (referred to as 'Nights & Experiences Booked' by the company) growth accelerated in Q3 and through Q4 thus far.
Graham Corporation (GHM) Stock Trades Up, Here Is Why
Shares of industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM) jumped 19.7% in the afternoon session after the company reported strong third-quarter earnings which beat analysts' revenue, EBITDA, and EPS expectations.
Akamai (AKAM) Stock Trades Down, Here Is Why
Shares of web content delivery and security company Akamai (NASDAQ:AKAM) fell 13.7% in the afternoon session after the company reported weak third quarter earnings, with revenue guidance for the next quarter falling below Wall Street's estimates. Also, the company recorded underwhelming sales growth during the quarter primarily due to softer-than-expected performance in the delivery segment, which saw a significant slowdown in traffic growth across key verticals like video streaming and gaming.
Why Are Upland (UPLD) Shares Soaring Today
Shares of business automation software provider Upland Software (NASDAQ: UPLD) jumped 24.9% in the morning session after the company reported strong third quarter earnings. Upland beat analysts' EBITDA expectations. While sales were in line during the quarter, next quarter's revenue guidance implied a more modest decline and came in higher than Wall Street's estimates. The company is also demonstrating strengths on the AI front, following the announcement of the Upland BA Insight for Microsoft Azure AI Search to help customers efficiently sort through their data. It is still too early to tell how UPLD's AI bets will play out, but the updates suggest the company is headed in the right direction. Overall, this quarter was solid, and the market is focused on positive aspects such as guidance.
Why Sprout Social (SPT) Shares Are Falling Today
Shares of social media management software company Sprout (NASDAQ:SPT) fell 16.5% in the morning session after the company reported weak third-quarter earnings. Its EPS and revenue guidance for next quarter missed Wall Street's estimates. Notably, remaining performance obligations (RPO - leading revenue indicator) fell below consensus estimates during the quarter, raising concerns about sales heading in the last quarter of the year. Overall, this quarter could have been better.
Flywire (FLYW) Stock Trades Up, Here Is Why
Shares of cross border payment processor Flywire (NASDAQ: FLYW) jumped 16.1% in the afternoon session after the company reported impressive third-quarter earnings, which revealed significant gross margin improvement and strong revenue growth, which beat consensus estimates.