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Management forecast fiscal second-quarter revenue of $28 billion, a figure translating to more than a doubling of revenue and likely even faster earnings-per-share growth.
The company's share price was up 14.3% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. The stock had been up as much as 19.9% earlier in the daily session.
That prompted management to increase its revenue forecast for 2024 to $80 million, representing a potential 75% increase from 2023. Plus, management thinks revenue could top $150 million in 2025 ...
In stock markets abroad, Japan’s Nikkei 225 jumped 3.6% to cap its best week in more than four years. It was a strong rebound from its sharp losses the week before, which included the worst day for the Japanese stock market since the Black Monday crash of 1987. 08/16/2024 16:21 -0400
Alaska Air Group’s stock was basically flat. All told, the S&P 500 slipped 11.13 points to 5,597.12. The Dow dipped 61.56 to 40,834.97, and the Nasdaq fell 59.83 to 17,816.94. In stock markets abroad, Japan’s Nikkei 225 jumped 1.8% to claw back all of its sharp loss from the day before.
Ibotta began its path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its proposed range of $76 to $84 per share ...
WeRide initially filed confidentially to go public in the U.S. in March 2023. The AV company has raised a total of $1.39 billion at a $5.11 billion valuation, per PitchBook data. But WeRide hasn ...
Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang. The company priced its IPO last night at $36 per share, above its raised price range.Astera ...