Category: Market News
Shares of Sunrun Inc. RUN, +6.10% rallied more than 10% in after-hours trading Wednesday after the residential solar company reported sales that were well above Wall Street estimates, even as quarterly losses came in wider than expected. Sunrun said it lost $87.8 million, or 42 cents a share, in the first quarter, compared with a […]
1Life Healthcare Inc. ONEM, +5.53% shares rose in the extended session Wednesday after the parent company of One Medical doctor’s offices reported first-quarter revenue above analyst estimates and said its membership grew nearly 30%. 1Life said it lost $90.9 million, or 47 cents a share, in the quarter, compared with a loss of $39.3 million, […]
Vimeo Inc. VMEO, +2.32% stock dropped more than 10% in after-hours trading Wednesday after the video sharing and hosting platform reported a mixed quarter, swinging to a quarterly loss and showing revenue above Wall Street expectations. Vimeo said it lost $26.6 million, or 16 cents a share, in the first quarter, versus earnings of $3.3 […]
Green Thumb Industries Inc. GTBIF, -1.69% GTII, -1.87% said Wednesday its first-quarter earnings rose to $28.9 million or 12 cents a share, from $10.4 million, or 5 cents a share in the year-ago quarter. Revenue at the cannabis company increased 25% to $242.6 million from $194.4 million in the year-ago period as it opened 20 […]
The World Health Organization said Wednesday that two new subvariants of the omicron variant of the coronavirus that causes COVID-19 are behind a spike in cases in South Africa, but there’s too little data yet to know if they are more lethal than other variants. The two, dubbed BA.4 and BA.5, ” have acquired a […]
Revolve Group Inc. RVLV, -23.19% shares plunged 23.7% in Wednesday trading as fears mount about the company’s decelerating growth. Revolve, which targets a millennial and Gen Z shopper, reported first-quarter net income of $22.6 million, or 30 cents per share, up from $22.3 million, or 30 cents per share, last year. Sales of $283.5 million […]
A selloff in DiDi Global Inc.’s stock DIDI, +1.01%, after the China-based ride-hailing company disclosed a Securities and Exchange Commission probe into its June 2021 initial public offering, sent other U.S.-listed shares of China-based companies lower. DiDi’s stock dropped 4.0% in premarket trading. The company’s shareholders are set to vote on May 23 on the […]
AmerisourceBergen Corp. ABC, +1.20% reported fiscal second-quarter profit and revenue that rose above expectations, amid strength in international healthcare business, and raised its full-year outlook. The health care services company’s stock was still inactive in premarket trading. Net income for the quarter to March 31 rose to $548.0 million, or $2.59 a share, from $435.3 […]
Stocks flipped between small gains and losses in a narrow trading range Tuesday, ending the day in positive territory a day before investors look for the Federal Reserve to deliver a half-percentage point rate hike. The Dow Jones Industrial Average DJIA, +0.20% closed with a gain of around 66 points, or 0.2%, near 33,127, according […]
Masimo Corp. MASI, -0.99% stock fell more than 10% in the extended session Tuesday after the medical technology company reported mixed first-quarter earnings, saying that it faced “unexpected” supply-chain problems in the period. Masimo said it earned $46.6 million, or 81 cents a share, compared with $53.4 million, or 92 cents a share, in the […]