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    • Breaking News
    Sep 7, 2023
    • Dutch Bros Inc declined 6.9% to $26.12 after the company announced its plan to raise $300 million through the public offering of Class A common stock. 
      • ChargePoint Holdings Inc plunged 27.5% to $5.08 after the company reported second quarter revenue jumped 39% to $150.5 million from $108.3 million and gross margin plunged to 1% from 17% a year ago. 

        Net loss in the quarter increased to $125.3 million from $92.7 million and diluted loss per share rose to 35 cents from 28 cents a year ago. 
        • Dave & Buster's Inc dropped 3.9% to $36.0 after the restaurant and entertainment company reported quarterly results that missed some investors expectations. 

          Second quarter revenue increased 15.7% to $542.1 million and net income declined to $25.9 million from $29.1 million and diluted earnings per share was 60 cents compared to 59 cents a year ago.  

          Comparable same store sales from a year ago declined 6.3% but rose 5.8% from the same period in 2019. 

          The Company purchased 2.1 million shares at a total cost of $74.5 million in the second quarter. 

          Total share repurchases to date in fiscal 2023 are 5.7 million shares totaling $200 million and representing 11.8% of the outstanding shares as of the end of fiscal 2022.    

          The company Board also expanded share repurchase authorization by $100 million to a total of $200 million.  
          • Sep 6, 2023
          • Asana Inc declined 12.4% to $18.94 despite the work management reporting strong quarterly results and revised higher its full-year outlook. 

            Revenue in the second quarter increased 20% to $162.5 million from $134.9 million and net loss shrank to $71.4 million from $113 million and diluted loss per share declined to 33 cents from 55 cents a year earlier. 

            The company revised higher its third quarter revenue to between $163.5 million and $164.5 million, an increase of 16% and full-year 2024 revenue between $642 million to $648 million, an increase of 17% from a year ago. 
            • Southwest Airlines Co declined 3.2% to $29.82 after the regional airline estimated August bookings were near the "lower-end" of the company's expectations. 

              The airline also added third quarter revenue per seat mile is likely to be near the low end of its previous estimate.  
              • Roku Inc soared 6.8% to $88.86 after the company lifted its third quarter revenue to a new range between $835 million and $875 million from the previous estimate of $815 million. 

                The company also announced its plan to lay off 10% of its staff and review its aggregated content to trim costs and consolidate its office space. 
                • Gitlab Inc increased 0.7% to $50.10 after the database platform developer reported better-than-expected second quarter results.

                  Second quarter revenue increased 38% to $139.6 million from $101 million and net loss shrank to $51.2 million from $61.5 million and diluted loss per share decreased to 33 cents from 40 cents.

                  The company guided third quarter revenue between $140 million and $141 million and fiscal year 2024 revenue between $555 million and  $557 million. 

                   
                  • Sep 5, 2023
                  • Airbnb Inc jumped 6.3% to $140.81 after the S&P Dow Jones Indices announced Friday that the short term rental platform operator will be included in the S&P 500 index from Sep 18. 

                    Blackstone and Airbnb will replace Newell Brands and Deere & Company. 
                    • Brady Corp soared 11.1% to $56.48 after the company posted quarterly results and reported adjusted earnings per share of $1.04. 

                      Sales in the fiscal fourth quarter ending in July increased 6.8% to $345 .9 million from $324 million and net income rose to $49.4 million from $41 million and diluted earnings per share advanced to $1.0 from 81 cents a year ago. 

                      During the quarter and year ended July 31, the company returned $56.4 million and $120.4 million, respectively, to shareholders in the form of dividends and share repurchases. 

                      On August 30, the Board of Directors authorized an additional $100 million of shares for repurchase, about 2 million shares based on current share price and approximately 4.4% of total outstanding shares.

                      The industrial printer maker forecasted diluted earnings per share in the fiscal 2024 to range between $3.70 and $3.95. 
                      • Warner Bros Discovery Inc decreased 0.5% to $11.52 after the company said that the current strikes from writers and actors could negatively impact adjusted operating earnings between $300 million and $500 million. 

                        The company provided the latest projections in a filing with the SEC. 

                        The movie studio operator is expecting lower adjusted operating earnings for the full year in the range of $10.5 to $11 billion, reflecting impact from strikes. 

                        The company revised higher its full-year free cash flow expectations to at least $5 billion and third quarter free cash flow of $1.7 billion, in part due to strong performance of Barbie.