Tandem Diabetes Care (TNDM) on Tuesday said its COO John Sheridan will take over as the CEO of the company, succeeding Kim Blickenstaff on March 1. Blickenstaff will move into a newly created role of Executive Chairman of the Board. The announcement came along with stronger-than-expected fourth quarter results, which sent the stock up during the extended trading session.
The stock continued its upward momentum on Wednesday, gaining 27% during mid-day trading. During Q4, the company swung to a profit of 2 cents per share from a loss of $1.23 per share a year ago.
Southeast Asia-based internet platform Sea Limited (SE) saw its shares gain 22% on Wednesday after reporting fourth-quarter top line that more than doubled from last year. The company also reported steady growth in its e-commerce GMV and revenues, reinforcing the confidence of investors. The guidance also did not fail to surprise investors.
For long, Latin American online trading platform MercadoLibre’s (MELI) performance have been hurt by currency volatility. However, the company showed signs of recovery in the fourth quarter results, which sent the shares up over 17% on Wednesday. Sales rose 20% to $428 million, higher than $404 million expected by analysts. Quarterly loss of 5 cents per share was also narrower than the street projection.
Shares of fitness company Weight Watchers International (WTW) plunged 35% on Wednesday, a day after posting disappointing fourth-quarter revenue and weak outlook. Revenue came in at $330 million, compared to $349 million anticipated by analysts. The 2019 earnings forecast provided by the company also disappointed Wall Street.
Earlier in January, WTW stock had tumbled to a yearly low of $31.58 after brokerage firm JPMorgan downgraded it due to a weak start to its enrollment period.
Palm Beach Gardens, Florida-headquartered construction company Dycom Industries (DY) saw its shares tumble 30% on Wednesday as investors continued to be disappointed with its performance. The stock has tumbled 61% in the trailing 52 weeks. Though it managed to beat fourth-quarter revenue estimates, EPS of 10 cents fell short of the street target.
Medical technology company Inogen (INGN) saw its shares decline over 20% on Wednesday, spurred by disappointing quarterly results. The poor performance added to a bearish report published by Citron Research a few days back.
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales