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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Buyers Move Beyond Tech

Animal spirits have been a big theme of this newsletter since October, and boy, are things getting wild. While the mainstream media continues focusing on tech giants like Nvidia, investors and traders are searching far and wide for new opportunities to squeeze the shorts and make a killing. 🕵️‍♂️

Today’s surefire sign of this speculative fervor building in the market is everyone’s favorite non-meat meat stock, Beyond Meat. 🫨

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Zoom Avoids Doom (Again)

Zoom Video Communications hasn’t made headlines for many good reasons lately, scraping the bottom of its range as a public company as investors look for other opportunities. However, the stock is jumping today on better-than-expected results, so let’s take a look. 👇

The video chat software vendor’s adjusted earnings per share of $1.22 on $1.15 billion in revenues topped expectations of $1.15 and $1.13 billion. Revenue growth remains anemic, rising just 3% YoY, but the company’s cost-cutting has helped it drive positive earnings vs. last year’s loss. 

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Disney Snags Two Content Whales

Disney has been struggling with a number of issues ranging from streaming losses to activist investor and political pressures. However, today’s earnings report offered some hope to investors betting on a longer-term turnaround in the stock. 🕊️

The media giant reported $1.22 in adjusted earnings per share on $23.55 billion in revenues. Earnings topped estimates, while revenues were just shy. 

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