Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in the world of finance. Today, we dive into some post-market movers that are creating buzz in the stock market.
Boot Barn, a popular western apparel and footwear stock, saw a 7% decline after issuing light revenue and earnings guidance for the full year. Despite topping quarterly estimates on the top and bottom lines, the company expects earnings for the year to range between $4.55 and $4.85 a share, falling short of a FactSet estimate of $5.16 per share.
On the flip side, Nextracker, a solar technology stock, experienced an 8% surge after posting $737 million in revenue for the fiscal fourth quarter, exceeding an LSEG estimate of $682 million. The company’s full-year revenue was also in line with estimates, signaling positive growth in the industry.
Nu Holdings, a Brazil-based digital banking platform, inched roughly 1% higher after reporting first-quarter adjusted net income and revenue that beat estimates. With revenue coming in at $2.7 billion, surpassing a FactSet consensus estimate of $2.16 billion, the company continues to show promise in the fintech sector.
However, it wasn’t all smooth sailing for all companies. dLocal, a Uruguayan financial tech company, faced a significant setback with a more than 18% drop in its stock price due to disappointing quarterly results. With earnings of 6 cents per share on $184.4 million revenue, falling short of analyst expectations, the company has some hurdles to overcome in the near future.
Last but not least, Prestige Consumer Healthcare, the maker of well-known brands like Dramamine and Clear Eyes, saw a 7% decline after issuing weak guidance for the full year. With full-year earnings expected to range between $4.40 and $4.46 per share, below analyst predictions of $4.65 per share, the company faces challenges ahead.
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