Stocks rose again and yields retreated after weekly jobless claims came in higher than expected Thursday. The Dow marked a seventh straight session of gains.
Duolingo
,
the language-learning app, said revenue rose 45% in the first quarter to $167.6 million, and raised its forecast for full-year revenue to $726.5 million to $735.5 million from previous revenue guidance of $729.5 million. The company’s second-quarter forecast, however, was a bit shy of estimates. The stock fell 18%.
jumped 15%. The app-monetization company reported first-quarter revenue and adjusted earnings before interest, taxes, depreciation, and amortization that topped Wall Street forecasts. Revenue was $1.06 billion, up 48% from a year earlier and better than estimates of $974 million. The company’s forecast for the second quarter also beat expectations.
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was up 12%. The marketing-automation company raised its fiscal-year revenue outlook to $899 million to $907 million from previous guidance for $889 million to $897 million.
declined 14% after the plant-based meat company said first-quarter revenue dropped 18% to $75.6 million, “primarily driven by a 16.1% decrease in volume of products sold and a 2.3% decrease in net revenue per pound.” The company’s second-quarter revenue guidance also was below Wall Street’s expectations.
gained 13% after the maker of high-end coolers, steel tumblers, and other outdoor gear beat quarterly estimates and increased guidance.
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was down 9% after the cancer-screening and diagnostics company posted a wider-than-expected quarterly loss but topped sales estimates.
rose 11% after the online dating company swung to a profit in the first quarter and said total paying users rose 14% to 4 million from 3.5 million a year earlier.
fell 8.5% after the solar-equipment maker posted a wider-than-expected loss in the first quarter. It said it expects second-quarter revenue of between $250 million and $280 million, which was below analysts’ estimates for $307 million.
reported a first-quarter loss that narrowed from a year earlier. CEO Adam Aron said the movie-theater chain “had expected for some time the Hollywood actor and writer strikes of 2023 would impact the first-quarter box office,” but was “heartened by the strength of moviegoing in March, which reminded us that better times are ahead.” Shares fell 4.4%.
Earnings reports were expected after the closing bell Thursday from
Dropbox
,
Yelp
,
and
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Write to Joe Woelfel at joseph.woelfel@barrons.com
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Read More: Roblox, Duolingo, Applovin, Exact Sciences, AMC, and More Stock Market Movers