Upstart Holdings Inc. (UPST) shares are trading lower on Tuesday following the company’s announcement of a proposed private offering of $425 million in convertible senior notes. The move comes despite strong third-quarter financial results that exceeded analyst expectations, showcasing robust lending volume growth and a return to positive adjusted EBITDA. The offering aims to provide Upstart with funds for general corporate purposes, including debt repayment.
Home Depot Inc. (HD) stock is soaring in pre-market trading after the home improvement retailer exceeded its third-quarter earnings estimates and lifted its full-year 2024 outlook. The company reported strong sales growth, driven by improved weather conditions and hurricane-related demand, despite a slight decline in comparable sales. Home Depot’s optimistic outlook for the coming year signals continued confidence in the home improvement market.
Shopify (SHOP) is set to release its third-quarter earnings on Tuesday, November 12th. Analysts are predicting growth, but investors will be looking for signs of sustained momentum in the company’s e-commerce platform. We examine recent analyst ratings and what they mean for Shopify’s stock.
India is gearing up for a significant day in economic and diplomatic developments. From high-level bilateral talks with Russia to the release of financial results by major companies like 3M India and Nykaa, several events are scheduled to unfold on November 12. The day also sees the launch of Sagility India’s IPO and the opening of Mangal Compusolution’s IPO, alongside updates on Delhi’s air quality and the Maharashtra Assembly election. This article provides a comprehensive overview of these developments, offering insights into their potential impact on the Indian economy and society.
IAC is considering a strategic move to spin off its ownership stake in Angi Inc., potentially making the home services platform a stand-alone entity. This announcement follows Angi’s mixed third-quarter earnings report, with revenue falling short of expectations but exceeding analyst estimates for earnings per share. Angi, a pioneer in connecting homeowners with local professionals, has served over 150 million users since its founding in 1995.
Shopify Inc. (SHOP) is set to release its third-quarter earnings on Tuesday, November 12. Investors are eagerly anticipating the results, particularly the company’s gross merchandise volume (GMV), revenue growth, and progress on strategic partnerships, such as the recent expansion with PayPal. Analyst estimates and recent price target adjustments suggest a positive outlook, but investors will be watching closely to see if the company can deliver on its promises of growth and profitability.
Occidental Petroleum (OXY) is set to report its third-quarter earnings on Tuesday, and investors are keen to see how the company’s debt reduction efforts and key divisions have performed. Analysts expect strong results, but will they live up to the hype?
Bumble Inc (BMBL) stock climbed over 10% despite an Underperform rating from BofA Securities analyst Curtis Nagle, who cites slower user growth as a concern despite the company exceeding earnings expectations in the third quarter. While Bumble’s revenue and adjusted EBITDA surpassed estimates, the Bumble app’s revenue declined year-over-year, raising concerns about the future of the dating platform.
Shopify (SHOP) shares are on the rise ahead of the company’s third-quarter earnings release on Tuesday. Analysts expect strong results, fueled by continued growth in gross merchandise value (GMV), revenue, and gross profit. Multiple analysts have recently raised price targets on Shopify stock, indicating bullish sentiment towards the e-commerce platform.
AstraZeneca is set to release its third-quarter 2024 earnings on Tuesday, with investors eager to see continued growth in its oncology and cardiovascular divisions. The company’s strong second-quarter performance, driven by key drugs like Tagrisso, Imfinzi, Calquence, and Farxiga, has fueled optimism for the upcoming report.
