Key Takeaways: Dingdong’s revenue grew slightly in the first quarter, ending more than a year of revenue contraction The company recorded its second quarterly net profit since its listing and said it expects both revenue and profit to post “considerable year-over-year growth” this year By Doug Young
Companies Reporting Before The Bell • Children's Place (NASDAQ:PLCE) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
Companies Reporting Before The Bell • Dingdong (Cayman) (NYSE:DDL) is expected to report earnings for its second quarter. This article was generated by Benzinga's automated content engine and reviewed by an editor.
The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Thursday. U.S. stocks closed mostly lower, with the Dow Jones falling around 170 points on Thursday. The Nasdaq Composite, however, gained for a fifth straight day, but recorded its worst month of the year.
Gainers GSI Technology, Inc. (NASDAQ: GSIT) shares surged 108% to $3.4207. GSI Technology is expected to announce financial results for its fiscal fourth quarter after the market close on May 16, 2023.
Key Takeaways: China’s at-home dining brand Guoquan Food has built a network of more than 9,000 franchise outlets selling its meal ingredients The company made it into the black for the first time last year, posting a net profit of 240 million yuan as it benefited from an expanded store network and bulk buying
