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Earnings

BMBL

MTCH

Bumble Inc (NASDAQ:BMBL) and Match Group Inc (NASDAQ:MTCH) are key players in the online dating market, each with distinct strategies. Bumble's recent app relaunch and acquisition of Geneva aim to enhance user experience and expand social connections. Match Group focuses on stabilizing Tinder's user trends and payers, with positive outlooks for Hinge. Both companies presented insights at the JPMorgan TMC Conference, highlighting their growth potential and strategic moves.

Portfolio Pulse from Surbhi Jain

May 22, 2024 | 12:58 pm

MGOL

MGO Global Inc. (NASDAQ:MGOL) shares are surging due to a significant increase in first-quarter revenues and gross profit, driven by the launch of its Stand Flagpole line. Despite reporting a small loss per share, the company has improved its cash position and discontinued operations on The Messi Store.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 12:57 pm

ASTS

ENB

LAZ

PBR

PLTR

SRPT

WMS

ZBRA

Jim Cramer shared his views on several stocks during CNBC's 'Mad Money Lightning Round.' He expressed positive sentiments about Enbridge Inc. (ENB), Lazard, Inc. (LAZ), Advanced Drainage Systems, Inc. (WMS), Zebra Technologies Corporation (ZBRA), Jacobs Solutions Inc. (J), and Sarepta Therapeutics, Inc. (SRPT). He advised against investing in AST SpaceMobile, Inc. (ASTS) and suggested caution with Petróleo Brasileiro S.A. – Petrobras (PBR). Cramer also commented on Palantir Technologies Inc. (PLTR), noting its good commercial and military prospects.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 12:51 pm

AGFY

NMHI

Agrify Corporation (NASDAQ: AGFY) reported a significant reduction in losses for Q1 2024, despite a decline in revenue. The company saw a notable increase in extraction sales and consumable parts sales. Agrify also terminated its merger plan with Nature's Miracle Holding Inc. (NASDAQ: NMHI) due to unfavorable market conditions. Agrify shares rose 18.82% to 37 cents per share following the news.

Portfolio Pulse from Nina Zdinjak

May 22, 2024 | 12:41 pm

TJX

TJX Companies Inc (NYSE:TJX) reported first-quarter FY25 earnings that exceeded expectations, with sales growth of 5.9% year-on-year to $12.479 billion and EPS of $0.93. The company saw a 3% increase in comparable store sales and improved gross profit margins. TJX plans to repurchase $2 billion – $2.5 billion in fiscal 2025 and expects FY25 EPS of $4.03-$4.09.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 12:41 pm

SBET

SharpLink Gaming reported Q1 revenues from continuing operations of $975,946, down from $1.23 million in the previous year. However, the company's EPS increased significantly to $3.36 from a loss of $(1.01).

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:36 pm

BZFD

CRNX

RZLT

Market-Moving News for May 22nd highlights significant stock movements for Crinetics Pharmaceuticals, BuzzFeed, and Rezolute due to various positive developments.

Portfolio Pulse from ryanfaloona@benzinga.com

May 22, 2024 | 12:34 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) shares are trading lower after the resignation of its chief product officer, Sun Choe. The company announced an updated operational structure to accelerate product innovation and support long-term growth. Despite the changes, Telsey Advisory Group maintained an Outperform rating with a $550 price target. Lululemon's first-quarter earnings results are scheduled for June 5.

Portfolio Pulse from Adam Eckert

May 22, 2024 | 12:29 pm

AKTS

BNED

BRLS

CJET

CRKN

EDBL

EPRX

FLJ

LFST

LMFA

MBIO

MGOL

MGRX

RZLT

SINT

URBN

VRPX

VSAT

VSME

XYLO

Urban Outfitters shares surged by 6.7% in pre-market trading after reporting better-than-expected Q1 earnings and sales. Several other stocks, including MGO Global, Barnes & Noble Education, and Mustang Bio, also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 12:16 pm

XP shares are trading lower after the company reported worse-than-expected Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:14 pm