Earnings Recap!! 🍿

Under Armour surged 16.5% and had its best day since Oct 30, 2018. $UAA caught a bid after surpassing earnings and sales predictions. The sports equipment company also raised its outlook, expecting sales to rise 25%.

$UAA EPS: $0.31 (vs. $0.15 expected) | Revenue: $1.55 billion (vs. $1.48 billion expected) | Link to Report

Digital Turbine shares tumbled 7.65% in after-hours trading following its Q2 earnings report. $APPS is up 59% YTD.

$APPS EPS: $0.44 (vs. $0.39 expected) | Revenue: $310 million (vs. $306.5 million expected) | Link to Report

Match Group swiped left and missed earnings/sales estimates. $MTCH shares have closed the last 7 of 8 sessions negative and are down another 3% after hours. 

$MTCH EPS: $0.43 (vs. $0.52 expected) | Revenue: $802 million (vs. $802.1 million expected) | Link to Report

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Snow Rest For The Wicked

Earnings season is a tough time for investors in several retail favorites, including Snowflake and AMC Entertainment. Let’s quickly see how they fared during their most recent quarters. 👇

We’ll start with everyone’s favorite movie theatre chain, AMC Entertainment. The company beat earnings and revenue expectations during the fourth quarter, but the stock is still falling after hours. 

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Walmart Bets Big On Advertising

One of the core themes we’ve been discussing for a long time is the “ad-ification” of everything. No matter where you go or what you do, you’re likely being targeted by some form of advertising. And the reason why is because it’s such a high-margin, profitable business opportunity. 🎯

As a result, it’s no surprise to see America’s largest employer and big-box retailer, Walmart, leaning heavily into that narrative during its earnings call. 

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Lyft’s IR Department Just Whiffed

Investor relations departments are the silent heroes of a public company, receiving little recognition for the critical role they play. When they do receive a lot of attention, it’s generally not for good reason. That’s unfortunately what Lyft’s team is finding out today. 😵‍💫

After the bell, ridesharing company Lyft reported fourth-quarter results that were good, not great. But the stock immediately shot up and notched as high as a 60% gain before anyone realized what happened. Did the company just invent a cure for rare diseases? Are they pivoting to crypto or semiconductors? What was the cause of this?

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Speculation Heightens As Jumia Jumps

As we’ve discussed, speculation continues to spread to all corners of the market. Even those areas that have been left for dead for quite some time. Today’s example of this is Jumia Technologies, the “Amazon of Africa” that caught wildfire early in its life before the gravity of reality brought it back down to earth. 🛒

The company reported reducing its losses by over 90% in the fourth quarter as it focused on restoring order and gross merchandise value (GMV) growth. Like other struggling companies, it cut costs significantly and leveraged lower tax provisions to help drive the earnings improvement. 

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