Avid reported fourth quarter financial results on Tuesday after the market closed. The company reported a loss of $1.94 per share missing analyst estimates of a loss of 4 cents per share.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 250 points on Thursday. The Dow traded up 0.34% to 38,793.79 while the NASDAQ rose 1.63% to 16,292.61. The S&P 500 also rose, gaining, 1.06% to 5,158.91.
Avid Bioservices' Q3 fiscal 2024 report: $33.8 million revenues, 11% Y/Y decrease, $41 million new orders, $206 million backlog. Operating loss at $4 million. Completed CGT facility. Fiscal year 2024 revenue guidance: $137-$147 million.
Shares of HighPeak Energy, Inc. (NASDAQ: HPK) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter revenue results.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 1% on Thursday. The Dow traded up 0.26% to 38,762.00 while the NASDAQ rose 1.38% to 16,253.50. The S&P 500 also rose, gaining, 0.91% to 5,151.16.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.47% to 38,843.54 while the NASDAQ rose 0.66% to 16,137.37. The S&P 500 also rose, gaining, 0.57% to 5,134.03.
Shares of Rush Street Interactive, Inc. (NYSE: RSI) rose sharply in today’s pre-market trading as the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for 2024.
