Monday, December 9, 2024
HomeBusinessBio Prep Watch: Nasdaq Leads Stocks Higher; DASH, ETSY in Focus

Bio Prep Watch: Nasdaq Leads Stocks Higher; DASH, ETSY in Focus

DoorDash, Peloton, Etsy, Carvana, Novo Nordisk, and Qualcomm all experienced significant movements in their stock prices following their recent earnings reports.

DoorDash reported a wider-than-expected loss for the first quarter of the year, causing their stock to tumble by 10.5%. However, revenue grew by 23% to $2.51 billion, with gross order value climbing 21% to $19.2 billion. The growth in their core US restaurant segment slightly decelerated, and their current-quarter gross order value midpoint guidance fell slightly below analyst expectations.

Peloton also saw a significant drop in their stock price, slumping to an all-time low after announcing layoffs and the departure of CEO Barry McCarthy. They reported a loss of 45 cents per share, with revenue down 4.2%. Peloton shares are down 10.3%, resulting in a total loss of about 53% in value this year.

Etsy stock took a hit, diving 14% after missing earnings expectations. Gross merchandise sales fell to $2.99 billion from last year, with the CEO citing a challenging environment for discretionary spending.

On the other hand, Carvana celebrated roaring back into gains with a bullish outlook and a beat in Q1. They reported record profit, revenue, and adjusted earnings, causing their stock to surge by 32.5%. Novo Nordisk slipped despite beating earnings estimates, while Qualcomm saw a jump in their stock price as AI-equipped smartphones drove a strong outlook.

MGM Resorts and Qualcomm also saw gains in their stock prices on the back of better-than-expected revenue and earnings reports. Overall, the market has been volatile with these companies experiencing significant movements in their stock prices following their earnings announcements.

See also  TikToks Black Friday Deals: A Challenge to Amazon and Walmart - Bio Prep Watch
Zoe Barker
Zoe Barker
"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."
RELATED ARTICLES

Leave a reply

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments