NetSol Technologies’ New Lows

There aren’t many companies reporting earnings these days, but one that caught our eye today was NetSol Technologies. Unfortunately for investors, it did not grab our attention for a positive reason.

The micro-cap company provides IT and enterprise software solutions to the global automobile financing and leasing, banking, and financial services industries. It released fiscal fourth-quarter earnings today that apparently the market didn’t love.

As a result, $NTWK shares plunged 24% to new all-time lows. It’s now down 99.96% from its post-split all-time highs of 4,000 set during the dot-com bubble. When you see charts like this, it’s a not-so-subtle reminder that investing is hard… 😱

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Walmart Rolls Back Its Share Price

Yesterday, we heard from Target, which soared after getting its earnings back on track despite declining sales. Today, we heard from Walmart, which plunged after growing sales and beating on earnings. Let’s talk about why that happened. 👇

Today’s earnings in Walmart contrasted Target’s, but the underlying cautious tone about the U.S. consumer remained. The big-box retailer reported adjusted earnings per share of $1.53 on $168.80 in revenues, topping the $1.52 and $159.72 billion expected by analysts. 

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The Bayer Of Bad News

Germany’s Bayer was the bearer of bad news for investors today, with shares experiencing their largest one-day decline in over three years. 📉

The pharma and biotech company aborted a large late-stage trial testing a new anti-clotting drug due to a lack of efficacy. While failures are common in this field, this was the company’s most promising development project. Its statement says that the experimental anticoagulant asundexian was shown to be inferior to Bristol-Myers Squibb and Pfizer’s established treatments. ❌

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Tech Titans Continue Reporting

While investors are primarily focused on retailer earnings this week, they can’t escape the volatility that comes with tech earnings. Let’s quickly recap what we heard from two tech giants. 📝

First up, cybersecurity firm Palo Alto Networks saw its first-quarter revenues jump 20% YoY to $1.88 billion. Meanwhile, adjusted earnings of $1.38 topped expectations of $1.16.

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GitLab’s Big Gains

On Friday, we discussed growth stocks getting back on the right path due to a variety of factors. Today, that trend continued with GitLab. 👍

The developer-tools company is jumping after posting better-than-expected earnings, revenues, and guidance. Adjusted earnings per share (EPS) of $0.09 on revenues of $149.7 million topped the $0.01 per share loss on $141.5 million in revenues that analysts anticipated.

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