After-Hours Stock Movers 05/11: (FUBO) (UPST) (SSTI) Higher; (CURI) (ARRY) (LMND) Lower (more...)
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- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
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- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
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Upstart (UPST) Jumps After Beating Q1 Estimates and Smashing Guidance Views, Long Runway of Growth Ahead Says Analyst
May 12, 2021 9:59 AM EDTShares of Upstart Holdings (NASDAQ: UPST) soared 17% in early trading Wednesday after the company delivered another beat-and-raise quarter.
Adjusted earnings per share were reported at $0.22 per share to easily top the $0.15 expected from analysts polled by Thomson Reuters. Sales for the quarter came in at $121.3 million to mark a 90% year-over-year increase and higher than the Streets $116.06 million consensus.
Upstart is delivering a combination of growth and profits that is rare in FinTech and... More
Wells Fargo Reiterates Overweight Rating on VIZIO (VZIO)
May 12, 2021 7:01 AM EDTWells Fargo analyst Steven Cahall reiterated an Overweight rating and $31.00 price target on VIZIO (NYSE: VZIO) following the company's 1Q earnings report. VZIO Q1 revenue of $506mm topped the street by 4% while gross profit of $87mm was ~50% ahead. Adj. EBITDA of $40mm was... More
