As U.S. stock futures show a mixed picture this Friday morning, certain companies are catching the eye of investors. Let’s delve into some of the key developments:
Costco Wholesale Corp (COST)
reported upbeat earnings for its fourth quarter, exceeding analyst expectations. While the membership-based retailer fell short of revenue estimates, posting $79.697 billion compared to the projected $79.973 billion, its earnings per share of $5.29 surpassed the anticipated $5.08. Despite this positive performance, Costco shares dipped 1.4% to $888.62 in after-hours trading.Moving iMage Technologies, Inc. (MITQ)
is set to release its financial and operational results for the fourth quarter. This news has already had an impact, with Moving iMage Technologies shares gaining 5% to $0.5985 in the after-hours trading session.Scholastic Corporation (SCHL)
surprised investors by reporting better-than-expected results for its first quarter, after the market closed on Thursday. The company reported a quarterly loss of $2.13 per share, beating the market’s estimated loss of $2.48 per share. Scholastic also exceeded sales estimates, reporting $237.200 million compared to the projected $233.488 million. This strong performance was reflected in the stock, which climbed 6.5% to $32.13 in after-hours trading.enVVeno Medical Corporation (NVNO)
announced a proposed public offering, leading to a 15.6% drop in its share price to $3.80 in after-hours trading.Travere Therapeutics, Inc. (TVTX)
made the decision to voluntarily pause enrollment in its Phase 3 HARMONY study of Pegtibatinase. This news resulted in a 5.3% decline in Travere Therapeutics shares, closing at $14.24 in after-hours trading.These are just some of the key developments influencing the market this Friday morning. Stay tuned for further updates and analysis as the trading day unfolds.
