DXC Technology Plummets 22.2% After Pessimistic Projections, Doximity Stocks Surge 14% in Pre-Market, and More on Earnings
17 Maio 2024 - 8:28AM
IH Market News
Doximity (NYSE:DOCS) – Shares of Doximity rose
14% in pre-market trading due to a positive fiscal report for the
fourth quarter. The company exceeded expectations with an adjusted
earnings of $0.25 per share and revenues of $118.1 million,
reflecting a 6% year-over-year increase, driven by a 9% growth in
subscription revenues. It also announced plans to repurchase up to
$500 million in Class A common shares with no expiration date. For
2025, Doximity forecasts revenues between $506 million and $518
million and an adjusted EBITDA of $238 million to $250 million.
DXC Technology (NYSE:DXC) – Shares of DXC
Technology fell 22.2% in pre-market trading after announcing
pessimistic future results. In the fourth quarter, DXC Technology
reported earnings per share of $0.97, surpassing analyst
expectations of $0.83. Revenue reached $3.39 billion, slightly
above the consensus estimate of $3.37 billion. For the first
quarter, DXC forecasts earnings per share between $0.55 and $0.60,
below the analyst expectation of $0.76. For fiscal year 2025, DXC
anticipates earnings per share between $2.50 and $3.00, while the
analyst consensus is $3.30.
Applied Materials (NASDAQ:AMAT) – In the last
quarter, Applied Materials Inc. exceeded expectations with a net
profit of $1.72 billion, equivalent to $2.06 per share, compared to
$1.58 billion, or $1.86 per share, from the previous year.
Adjusted, the earnings were $2.09 per share, against the forecast
of $1.99. Revenue remained stable at $6.65 billion, surpassing the
expectation of $6.54 billion. For the next quarter, the company
projects similar revenues and adjusted earnings between $1.83 and
$2.19 per share. Shares fell 1% in pre-market trading.
Take-Two Interactive (NASDAQ:TTWO) – Shares of
Take-Two Interactive fell 2.4% in pre-market trading after
announcing that “Grand Theft Auto VI” will only arrive in the fall
of 2025, delaying the release forecast and reducing reservation
expectations for fiscal year 2025 to $5.55 to $5.65 billion, well
below the initially forecasted $8 billion. The company also
reported a GAAP net loss of $2.9 billion in the fiscal fourth
quarter, significantly affected by a goodwill expense of $2.18
billion.
Cracker Barrel Old Country Store (NASDAQ:CBRL)
– Shares of Cracker Barrel fell 11% in pre-market trading after
forecasting profits and sales below expectations for the next two
quarters, due to decreased customer flow. The company also reduced
its dividends to focus on business growth, to 25 cents per share,
from $1.30 per share. In the last fiscal quarter, Cracker Barrel
reported a revenue of $833 million. For the fiscal third quarter,
analysts expect a revenue of $835 million, and for the fiscal
fourth quarter, the expectation is $913 million.
Globant (NYSE:GLOB) – Globant reported solid
financial performance in its latest report, meeting analyst
expectations exactly with earnings per share of $1.53.
Additionally, the company reported revenue of $571.08 million,
slightly exceeding the analyst projection of $570.79 million by a
margin of 0.05%. Shares are stable in pre-market.
Flowers Foods (NYSE:FLO) – Flowers Foods
reported sales of $1.577 billion in the first quarter, an increase
of 2.8% year-over-year. Net profit grew by 3.3%, reaching $73
million, with earnings per share (EPS) stable at $0.38, slightly
below estimates. The forecast for adjusted EPS for 2024 is $1.20 to
$1.30, surpassing the expectations of $1.24. Shares are stable in
pre-market.
Adecoagro (NYSE:AGRO) – Shares of Adecoagro are
stable in pre-market after announcing earnings per share of 22
cents in the first quarter of 2024, with revenue of $253.80
million, surpassing analyst expectations by 3.59%, who anticipated
$245.00 million.
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