CarGurus Stock Skyrockets: Surpassing Estimates with Stellar Results and a Promising Forecast!
Online car-buying platform CarGurus Inc. reported first-quarter results and a second-quarter forecast that surpassed Wall Street’s expectations, leading to a 10.9% increase in shares in after-hours trade. The company anticipates Q2 sales of $220 million to $240 million, higher than the FactSet estimates of $222.2 million, and adjusted earnings per share of 22 cents to […]
Mondelez Soars in After-Hours Trading, Boosted by Surging Oreo Prices and Rosy Outlook
Shares of Mondelez International Inc. have risen following the snack company increasing its sales and profit outlook; this is due to higher prices helping offset the smaller gains in products sold. Mondelez, known for Oreo cookies and Ritz crackers, has now boosted its forecast for organic sales growth, or sales excluding the impacts of elements […]
First Republic Stock Takes Shocking Plunge – Investors Rattled as Slide Deepens After Hours
First Republic Bank’s shares dropped 46% in after-hours trading on Friday following a report from Reuters that claimed an imminent takeover by the Federal Deposit Insurance Corp. (FDIC) was on the horizon. This drop followed a regular session which saw the company’s shares fall by 43%. Neither the FDIC nor First Republic Bank responded to […]
SiriusPoint Soars 10% After-Hours: Third Point Interest Fuels Stock Boost Frenzy
SiriusPoint Inc., an insurance company, has recently attracted the attention of Third Point LLC, a hedge fund led by investor Daniel Loeb. Loeb has disclosed a 9.3% stake in SiriusPoint and is considering a potential purchase of the company. This announcement caused SiriusPoint’s shares to rise significantly, with after-hours gains of up to 2% and […]