Author: Shushwi Shekhar

AMC Entertainment Holdings, Inc. (NYSE: AMC) released its FY22 Q1 earnings results after the market closed on Wednesday. The World’s largest theatre chain posted a revenue of $785.7 million and an EPS loss of -$0.52 beating WallStreet Expectations. As of March 31, 2022, the company had $1.164 Billion cash excluding $23.7 million worth restrictedcash. AMC currently has liquidity availability of more than $1.35 billion (including cash and undrawn revolver lines), however the Company does not anticipate the need to borrow under the revolver lines during the next twelve months. Shares were up 4.8% following the announcement. First Quarter Summary Total…

Read More

The stock of TherapeuticsMD, Inc. (NASDAQ: TXMD) fell more than 30% on Monday after the company announced a 1-for-50 reverse stock split. TXMD stock was trading at $5.06 at the time of writing, representing a 33.99% loss. On Friday, the stock closed at $0.15, a loss of 11%. TherapeuticsMD has a market capitalization of $2.19 billion and a 52-week price range of $0.1500 – $6.55. The company has a P/E ratio of -0.36, a beta of 1.90. As a result, every 50 shares of its common stock were converted into one share of common stock, and the authorized shares of…

Read More

Palantir Technologies Inc. (NYSE: PLTR) shares fell in the premarket on Monday after the company forecasted second-quarter revenue below Wall Street expectations, indicating slowing sales growth. However, the company beat analysts’ revenue estimates in the first quarter of the fiscal year 2022. The company anticipates second-quarter revenue of $470 million, representing a year-over-year increase of only 25%, compared to a 49 percent increase the previous year. Analysts predicted revenue of $483.9 million on average. Furthermore, Palantir anticipates an adjusted operating margin of 20% for the current quarter, down from 31% last year. At the time of writing, PLTR stock was…

Read More

Rivian Automotive, Inc. (NASDAQ: RIVN) shares fell in the premarket Monday after Ford Motor Company decided to sell 8 million Rivian Automotive shares as the post-IPO lock-up period expires on Sunday. RIVN stock was trading 9.7% lower at $25.99 at the time of writing. On Friday of last week, the stock closed trading with a 6.2% loss. In the first three months of 2022, shares of the EV manufacturer fell by more than half. CNBC reported the news first. Goldman Sachs Group Inc. will assist Ford in selling the shares. According to Reifitiv data, Ford owns 102 million RIVN shares or…

Read More

Netlist, Inc. (NLST) stock increased significantly following a victory in a Google patent lawsuit. According to a legal filing, Netlist has won a victory in the United States District Court for the Northern District of California for its US 7,619,912 (‘912) patent. At the time of writing, NLST stock was trading at $6.03, a 13% increase. Netlist has a $1.43 billion market capitalization and a 52-week price range of $1.73 – $10.20. The average trading volume has increased by 232 percent, from 420,920 to 1,401,357. Judge Richard Seeborg granted Netlist’s motion for summary judgment, ruling that Google is not entitled…

Read More

Under Armour, Inc. (NYSE: UAA) shares plummeted in the premarket after the Baltimore-based sportswear company reported a massive loss and provided a bleak outlook for its transition quarter. Under Armour’s most recent three-month period is a “transition quarter” as the company changes its fiscal year. The fiscal year 2023 of Under Armour began on April 1 and will end on March 31, 2023. Under Armour, based in Baltimore, reported a loss of $60 million, or $0.13 per share, for the fiscal quarter ending March 31, compared to a profit of $78.5 million, or $0.17 per share, in the same quarter…

Read More

DraftKings Inc. (NASDAQ: DKNG) released its FY22 Q1 earnings results on Friday before the market opened. The online gaming platform reported $417M of revenue in Q1, driven by strong customer acquisition, increased customer engagement, and healthy customer retention. In the first- quarter, the company reported 2.0 million average monthly unique payers in contrast to 1.5 million in 2021. The DKNG stock gained 9% following the earnings. DraftKings announced the completion of its acquisition of Golden Nugget Online Gaming, Inc. a day before reporting earnings. Reported vs. Estimated EPS – $1.14 vs. $1.24 expected Revenue – $417 Million vs. $404.2 Million expected Highlights $417M…

Read More

The stock of Opendoor Technologies Inc. (NASDAQ: OPEN) increased after its revenue exceeded analysts’ expectations. The OPEN stock was trading at $8.11 at the time of writing, up 13.4 % in the premarket. It earned $0.05 per share on $5.2 billion in revenue in the first quarter. The consensus estimate was a loss of $0.13 per share on $4.3 billion in revenue. Earnings Whisper predicted a loss of $0.14 per share. Revenue increased by 589.3% year on year. The company said it expects second-quarter revenue of $4.10 billion to $4.30 billion. For the fiscal quarter ending June 30, 2022, the…

Read More

Uber Technologies, Inc. (NYSE: UBER) released its FY22 Q1 earnings results on Wednesday after the market closed.  Although the company performed better than estimated, the stock dropped more than 4% as it reported a $5.9 billion loss to the revaluation of equity investments.  Reported vs. Estimated EPS:  $0.18 vs loss of $0.28 expected Revenue: $6.854 Billion vs $6.17 Billion expected  Earnings History Uber reported earnings of 44 cents per share in the fourth quarter of 2021, compared to the Zacks Consensus Estimate of a loss of 33 cents. Total revenue of $5,778 million was higher than the Zacks Consensus Estimate of…

Read More

DoorDash, Inc. (NYSE: DASH) released its FY22 Q1 earnings results on Thursday after the market closed. After the trading hours, the stock jumped to $80.00 with a gain of 9.36% at the time of writing due to the earnings report. The SEC filing reported a revenue increase for this quarter that ended in March compared to the first quarter of 2021. It shows strong growth even after the pandemic is almost over. Reported vs. Expected EPS: a loss of 0.48 vs a loss of $0.38 per share expected Revenue: $1.456 billion vs $1.37 billion expected Earnings History DoorDash’s most recent earnings report was on…

Read More