Expedia Posts Upbeat Earnings, Joins Akamai Technologies, Trade Desk, DXC Technology And Other Big Stocks Moving Higher On Friday
Portfolio Pulse from Avi Kapoor
Expedia Group, Inc. (NASDAQ:EXPE) and several other major stocks saw significant gains on Friday following better-than-expected financial results. Expedia reported quarterly earnings of $3.51 per share, beating the consensus estimate of $3.06, and quarterly sales of $3.558 billion, surpassing the estimate of $3.534 billion. Other notable gainers include Blend Labs, Inc. (NYSE:BLND), Doximity, Inc. (NYSE:DOCS), ADMA Biologics, Inc. (NASDAQ:ADMA), Sweetgreen, Inc. (NYSE:SG), Evolent Health, Inc. (NYSE:EVH), Iovance Biotherapeutics, Inc. (NASDAQ:IOVA), CarGurus, Inc. (NASDAQ:CARG), IAMGOLD Corporation (NYSE:IAG), Genpact Limited (NYSE:G), Paymentus Holdings, Inc. (NYSE:PAY), DigitalOcean Holdings, Inc. (NYSE:DOCN), Rocket Lab USA, Inc. (NASDAQ:RKLB), Akamai Technologies, Inc. (NASDAQ:AKAM), The Trade Desk, Inc. (NASDAQ:TTD), DXC Technology Company (NYSE:DXC), and Eli Lilly and Company (NYSE:LLY).
August 09, 2024 | 4:51 pm
News sentiment analysis
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POSITIVE IMPACT
ADMA Biologics, Inc. surged 29.5% to $15.80 after reporting strong Q2 results and raising FY24 and FY25 revenue guidance.
The strong earnings report and raised future revenue guidance are likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Akamai Technologies, Inc. rose 11.3% to $101.91 after reporting strong Q2 results.
The strong earnings report is likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Blend Labs, Inc. gained 32% to $3.55 after reporting better-than-expected Q2 results and receiving an upgrade from William Blair.
The combination of strong earnings and an analyst upgrade is likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
CarGurus, Inc. gained 18.2% to $26.48 after reporting strong Q2 results and issuing positive Q3 non-GAAP EPS guidance.
The strong earnings report and positive future EPS guidance are likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DigitalOcean Holdings, Inc. rose 13.4% to $32.99 after reporting strong Q2 results and issuing positive FY24 revenue guidance.
The strong earnings report and positive future revenue guidance are likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Doximity, Inc. gained 31.6% to $33.82 after reporting strong Q1 results and issuing FY24 revenue guidance above estimates.
Strong quarterly results and optimistic future revenue guidance are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
DXC Technology Company climbed 7.2% to $19.64 after reporting strong quarterly results.
The strong earnings report is likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evolent Health, Inc. rose 24.2% to $25.92 after reporting strong quarterly results and receiving an upgrade from Truist Securities.
The combination of strong earnings and an analyst upgrade is likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Expedia Group, Inc. reported strong Q2 earnings of $3.51 per share, beating the consensus estimate of $3.06. Quarterly sales also surpassed expectations at $3.558 billion. Shares rose 9.4% to $129.02.
The strong earnings report and better-than-expected sales figures are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Genpact Limited rose 14.9% to $37.23 after reporting strong Q2 results and issuing positive FY24 revenue and EPS guidance.
The strong earnings report and positive future revenue and EPS guidance are likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
IAMGOLD Corporation gained 15.6% to $4.2550 after reporting strong Q2 results.
The strong earnings report is likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Iovance Biotherapeutics, Inc. gained 20.2% to $9.54 after reporting strong Q2 results and issuing positive Q3 product revenue guidance.
The strong earnings report and positive future revenue guidance are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eli Lilly and Company gained 5.8% to $894.83.
The stock price increase suggests positive sentiment, likely driven by broader market factors or recent company performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Paymentus Holdings, Inc. climbed 13.7% to $22.19 after reporting strong Q2 results and issuing positive FY24 revenue guidance.
The strong earnings report and positive future revenue guidance are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rocket Lab USA, Inc. gained 12.2% to $5.35 after reporting strong Q2 results and announcing the successful hot fire of its new rocket engine Archimedes.
The strong earnings report and successful test of a new product are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sweetgreen, Inc. climbed 26.2% to $33.13 after reporting better-than-expected Q2 revenue results.
The better-than-expected revenue results are likely to boost investor confidence, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Trade Desk, Inc. rose 9.6% to $96.81 after reporting strong Q2 results and issuing positive Q3 revenue guidance. Keybanc and Susquehanna also raised their price targets.
The strong earnings report, positive future revenue guidance, and raised price targets from analysts are likely to drive positive sentiment and short-term gains in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80