Latest Stories
Why Sweetgreen (SG) Stock Is Up Today
Shares of casual salad chain Sweetgreen (NYSE:SG) jumped 44.6% in the morning session after the company reported first-quarter earnings results. Sweetgreen blew past analysts' revenue expectations this quarter as its same-store sales grew 5%, enabling it to raise its full-year revenue guidance. Its gross margin also outperformed Wall Street's estimates. On the other hand, its EPS missed analysts' expectations, but the market cares more about its upbeat outlook. Overall, we think this was a good quarter that should please shareholders.
Sphere Entertainment (NYSE:SPHR) Misses Q1 Revenue Estimates
Content production and distribution company Sphere Entertainment (NYSE:SPHR) fell short of analysts' expectations in Q1 CY2024, with revenue up 98.2% year on year to $321.3 million. It made a GAAP loss of $1.33 per share, improving from its loss of $1.64 per share in the same quarter last year.
Inspired (NASDAQ:INSE) Misses Q1 Sales Targets
Gaming company Inspired (NASDAQ:INSE) missed analysts' expectations in Q1 CY2024, with revenue down 2.8% year on year to $63.1 million. It made a non-GAAP loss of $0.40 per share, down from its loss of $0.05 per share in the same quarter last year.
AMC Networks (NASDAQ:AMCX) Misses Q1 Revenue Estimates
Television broadcasting and production company AMC Networks (NASDAQ:AMCX) missed analysts' expectations in Q1 CY2024, with revenue down 16.9% year on year to $596.5 million. It made a non-GAAP profit of $1.16 per share, down from its profit of $2.36 per share in the same quarter last year.
DigitalOcean's (NYSE:DOCN) Q1: Beats On Revenue, Next Quarter's Growth Looks Optimistic
Cloud computing provider DigitalOcean (NYSE: DOCN) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 11.9% year on year to $184.7 million. The company expects next quarter's revenue to be around $188.5 million, in line with analysts' estimates. It made a non-GAAP profit of $0.43 per share, improving from its profit of $0.26 per share in the same quarter last year.
Unity (NYSE:U) Delivers Impressive Q1, Gross Margin Improves
Game engine maker Unity (NYSE:U) announced better-than-expected results in Q1 CY2024, with revenue down 8% year on year to $460.4 million. It made a GAAP loss of $0.75 per share, down from its loss of $0.53 per share in the same quarter last year.
E.W. Scripps (NASDAQ:SSP) Misses Q1 Sales Targets
Media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) fell short of analysts' expectations in Q1 CY2024, with revenue up 6.4% year on year to $561.5 million. It made a GAAP loss of $0.15 per share, improving from its loss of $0.37 per share in the same quarter last year.
BeautyHealth (NASDAQ:SKIN) Beats Q1 Sales Targets But Quarterly Guidance Underwhelms
Skincare company BeautyHealth (NASDAQ:SKIN) announced better-than-expected results in Q1 CY2024, with revenue down 5.7% year on year to $81.4 million. On the other hand, next quarter's revenue guidance of $99 million was less impressive, coming in 8.4% below analysts' estimates. It made a GAAP loss of $0.10 per share, improving from its loss of $0.15 per share in the same quarter last year.
H&R Block (NYSE:HRB) Exceeds Q1 Expectations
Tax preparation company H&R Block (NYSE:HRB) beat analysts' expectations in Q1 CY2024, with revenue up 4.4% year on year to $2.18 billion. The company expects the full year's revenue to be around $3.56 billion, in line with analysts' estimates. It made a non-GAAP profit of $4.94 per share, improving from its profit of $4.14 per share in the same quarter last year.
Amplitude (NASDAQ:AMPL) Reports Q1 In Line With Expectations, Next Quarter's Growth Looks Optimistic
Data analytics software provider Amplitude (NASDAQ:AMPL) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 9.2% year on year to $72.62 million. The company expects next quarter's revenue to be around $72 million, in line with analysts' estimates. It made a non-GAAP profit of $0.01 per share, improving from its loss of $0.04 per share in the same quarter last year.