Robinhood, SentinelOne, UiPath, Fisker, Dollar General, U.S. Steel, Dick’s, and
Shares of
were up 12% to $19.28 after the online-trading company said trading volumes during February rose to $80.9 billion, up 36% from January and 41% from February 2023. Crypto trading volumes in February rose to $6.5 billion, up 10% from January and 86% from a year earlier. Meanwhile, analysts at Bernstein initiated coverage of the stock with an Outperform rating and price target of $30.
reported a fourth-quarter adjusted loss that was narrower than expected on a revenue jump of 38% to $174.2 million, which also beat Wall Street forecasts. The cybersecurity company said it expects fiscal first-quarter revenue of $181 million and fiscal 2025 revenue of $812 million to $818 million. Analysts had been expecting first-quarter revenue of $180.8 million, and fiscal-year revenue of $814.8 million. The stock tumbled 11%.
reported fourth-quarter adjusted earnings of 22 cents a share, beating analysts’ estimates of 16 cents. On a GAAP basis, the automation-software company earned 6 cents a share in the period, swinging from a year-earlier loss of 5 cents. It was
UiPath
’s
first quarter of GAAP profitability. The company said for the fiscal year it expects revenue of $1.555 billion to $1.56 billion, higher than analysts’ consensus of $1.53 billion.The stock rose 5.3%.
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Lennar
’s
fiscal first-quarter earnings beat analysts’ expectations as new home orders rose 28% to 18,176. Deliveries in the period rose 23% to 16,798 homes.The home builder said it anticipates new orders in the second quarter of between 20,900 and 21,300, and deliveries of up to 19,500 homes. The stock declined 1.5%.
has hired restructuring advisers to assist with a possible bankruptcy filing, The Wall Street Journal reported, citing people familiar with the matter. The electric-vehicle start-up said at the end of February there was “substantial doubt” that it could stay in business.
shares dropped 38% to about 20 cents.
‘s fourth-quarter earnings and revenue beat Wall Street expectations and same-store sales rose 0.7% in the period, better than estimates that called for a decline of 1%. Shares were up 5.9%.
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the grocery-delivery company, was rising 3.2% to $36.49 after analysts at Bernstein upgraded the stock to Outperform from Market Perform and raised their price target to $43 from $30.
Shares of steel company
were down 6.2% in premarket trading. The stock fell 13% on Wednesday following a Financial Times report that said President Joe Biden would be expressing his concerns over the proposed takeover of
by Japan’s Nippon in the next few weeks.
Under Armour
’s
founder and former CEO, Kevin Plank, will be returning to the sportswear company. Plank, who founded
in 1996, will take control of the company April 1. He will be replacing Stephanie Linnartz, who served a little more than a year as chief executive. Shares of Under Armour fell 4.8% in premarket trading.
was rising 4.8% after the sporting goods retailer’s fourth-quarter earnings beat analysts’ estimates and the company raised its quarterly dividend.
is expected by analysts to report fiscal first-quarter earnings of $4.38 a share on revenue of $5.14 billion. Shares of
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Adobe
,
the leading provider of creative software tools such as Photoshop, Illustrator, and InDesign, were rising 0.5% ahead of the report scheduled for after the stock market closes Thursday.
Write to Joe Woelfel at [email protected]
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