RH Posts Mixed Q1 Results, Joins MSC Industrial Direct And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
RH, MSC Industrial Direct, and other major stocks experienced declines in Friday's pre-market session. RH reported mixed Q1 results, missing EPS estimates but beating revenue expectations, leading to an 11.6% drop. MSC Industrial Direct also fell 11.3% after reporting below-estimate Q3 results and cutting FY24 margin guidance.
June 14, 2024 | 9:50 am
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NEGATIVE IMPACT
AC Immune shares declined 7.4% in pre-market trading.
The decline in AC Immune's stock is notable but lacks specific news in the article, suggesting a broader market trend or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Bandwidth shares fell 5.4% in pre-market trading after a 5% decline on Thursday.
The continued decline in Bandwidth's stock suggests ongoing negative sentiment, possibly due to broader market trends or company-specific issues not detailed in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MSC Industrial Direct reported preliminary Q3 results below estimates and cut its FY24 adjusted operating margin, leading to an 11.3% decline in pre-market trading.
The decline in MSC Industrial Direct's stock is driven by disappointing Q3 results and a reduction in FY24 margin guidance, which are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Orion Group Holdings shares fell 8.9% in pre-market trading.
The decline in Orion Group Holdings' stock is notable but lacks specific news in the article, suggesting a broader market trend or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Pinterest shares fell 4.6% in pre-market trading. DoubleVerify recently expanded its partnership with Pinterest.
The decline in Pinterest's stock may be influenced by broader market trends or other external factors, despite the positive news of an expanded partnership with DoubleVerify.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Dave & Buster’s shares fell 3.2% in pre-market trading after a 11% decline on Thursday due to worse-than-expected quarterly results.
The continued decline in Dave & Buster’s stock is driven by disappointing quarterly results, which have negatively impacted investor sentiment.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RH reported mixed Q1 results, missing EPS estimates but beating revenue expectations. The stock fell 11.6% in pre-market trading.
RH's significant drop in pre-market trading is due to missing EPS estimates, which is a critical metric for investors. Despite beating revenue expectations, the overall negative sentiment is likely to drive the stock lower in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Rezolute shares fell 19.5% in pre-market trading after announcing a $60 million public offering of common stock and pre-funded warrants.
The significant drop in Rezolute's stock is due to the dilution effect of the $60 million public offering, which typically leads to a decrease in share price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100