Thursday, February 22, 2024
HomeTrading RoomPlanet Labs, Kroger, DocuSign, First Solar, And Others

Planet Labs, Kroger, DocuSign, First Solar, And Others

View the companies grabbing attention during noon trade.

The California-based commercial real estate firm Hudson Pacific Properties fell 4.2% after halting the dividend on its common stock. CEO Victor Coleman explained the decision by pointing to more challenging business conditions, such as the Hollywood strike.

After the firm released disappointing quarterly earnings, shares of Avid Bioservices fell 4.7%. In line with StreetAccount’s prediction, Avid recorded a loss of 3 cents per share. The company’s $37.73 million revenue came in barely over projections.

Kroger – The grocery conglomerate rose 3% as a result of second-quarter profits that were higher than anticipated. In comparison to the LSEG projection of 91 cents per share, Kroger earned an adjusted 96 cents per share. However, the $33.85 billion in second-quarter revenue fell short of forecasts.

Planet Labs – After announcing a larger-than-anticipated loss for the second quarter, the satellite imaging company saw its stock fall 17%. On adjusted share revenue of $53.8 million, Planet Labs lost 14 cents. According to LSEG’s survey of analysts, a loss of 8 cents per share on $54.1 million in revenue was forecast.

DocuSign— Despite beating earnings expectations the day before, shares fell 2.7%. DocuSign announced adjusted earnings of 72 cents per share and revenue of $688 million, compared to analysts’ estimates of 66 cents and $678 million from LSEG’s survey of analysts.

Source (CNBC)

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