Latest Stories
Why Nvidia (NVDA) Shares Are Sliding Today
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 5.9% in the afternoon session after peer, AMD, reported reported first quarter results which highlighted a material increase in its inventory levels. In addition, AMD's guidance for the next quarter was underwhelming as revenue projection was mostly in line with Wall Street's projections.
Why Clorox (CLX) Shares Are Getting Obliterated Today
Shares of consumer products giant Clorox (NYSE:CLX) fell 7.4% in the morning session after the company reported first-quarter results, which missed analysts' revenue expectations, as sales declined in absolute terms. The weak topline performance was attributed to lower volume from temporary distribution losses due to disruptions caused by the cyberattack. Management also called out unfavorable foreign exchange rates.
Why Dayforce (DAY) Stock Is Down Today
Shares of online payroll and human resource software provider Dayforce (NYSE:DAY) fell 10.3% in the morning session after the company reported first-quarter results and provided underwhelming revenue and EBITDA guidance for the next quarter, although its full-year outlook remained intact. Similarly, revenue and EPS came in narrowly ahead of expectations during the quarter. Notably, the forward growth forecast implied a deceleration (FY'24 revenue growth in the mid-teens vs. 22% growth in the previous year). Overall, it was a weaker quarter for the company.
Why Snap (SNAP) Stock Is Trading Up Today
Shares of social network Snapchat (NYSE: SNAP) jumped 6.1% in the afternoon session after social media and online advertising peer, Pinterest reported first-quarter results with revenue exceeding analysts' expectations on higher-than-expected MAUs (monthly active users).
Why Vita Coco (COCO) Stock Is Up Today
Shares of coconut water company The Vita Coco Company (NASDAQ:COCO) jumped 5.3% in the morning session after the company reported first quarter results with revenue, gross margin, and EPS exceeding expectations. The topline benefited from improved pricing of Vita Coco Coconut Water and growth in private label case equivalent ("CE") volume. It's also nice to see that full year guidance for revenue and adjusted EBITDA both came in slightly above Wall Street analysts' estimates. Zooming out, this was a great quarter that shareholders will appreciate.
Why Estée Lauder (EL) Shares Are Trading Lower Today
Shares of beauty products company Estée Lauder (NYSE:EL) fell 11.3% in the morning session after the company reported first quarter results, with its revenue and earnings forecast for the next quarter falling below analysts' expectations. Full-year earnings guidance also missed Wall Street's estimates.
Why AMD (AMD) Stock Is Trading Lower Today
Shares of computer processor maker AMD (NASDAQ:AMD) fell 8.7% in the morning session after the company reported first quarter results: its inventory levels materially increased, and revenues in its gaming and embedded segments fell by more than 45% year on year (the market is less focused on these divisions, however, as AI solutions dominate AMD's story). In addition, guidance was underwhelming as next quarter's revenue projection was mostly in line with Wall Street's projections.
USANA (USNA) Stock Trades Up, Here Is Why
Shares of health and wellness products company USANA Health Sciences (NYSE:USNA) jumped 11.5% in the morning session after the company reported first-quarter results with revenue narrowly exceeding Wall Street's expectations, though EPS beat by a more convincing amount. The topline benefitted from sales incentives in mainland China, which drove active customer growth. However, the company noted that other key markets did not meet internal expectations. In addition, its gross margin and full-year revenue guidance were underwhelming. Overall, this quarter's results were mixed.
Why Starbucks (SBUX) Stock Is Trading Lower Today
Shares of coffeehouse chain Starbucks (NASDAQ:SBUX) fell 17% in the morning session after the company reported first-quarter results. Its revenue and EPS unfortunately missed analysts' expectations as its same-store sales declined by 4% (driven by a 6% decline in volumes offset by a 2% increase in prices). Starbucks's demand in China was especially weak as its same-store sales fell 11%. Management highlighted its disappointment with the results and called out a challenging operating environment. Overall, this was a bad quarter for Starbucks.
Why Entegris (ENTG) Shares Are Falling Today
Shares of semiconductor materials supplier Entegris (NASDAQ:ENTG) fell 6.9% in the morning session after the company reported first-quarter results and provided revenue guidance for the next quarter below analysts' expectations. In addition, its inventory levels increased.