BuzzFeed, Inc. (BZFD) stock soared on Monday after the company reported better-than-expected third-quarter financial results. While the company posted a loss, it was significantly smaller than the previous year. Revenue, however, declined year-over-year, driven by a decrease in advertising and content revenue. However, growth in commerce and other revenues, particularly affiliate commerce, provided a positive signal.
Beyond Meat’s stock dropped significantly on Monday after the company reported a decline in revenue for the second quarter. While exceeding revenue expectations, the company missed on its earnings per share target. Despite CEO Ethan Brown’s optimistic outlook for 2024, the company’s financial performance and debt burden continue to raise concerns.
Upstart Holdings Inc.’s stock (UPST) experienced a pullback on Monday after a significant surge in recent days. The decline follows the company’s better-than-expected second-quarter financial results, which included a narrower-than-anticipated loss and revenue exceeding estimates. Upstart’s improved conversion rate and advancements in AI technology contributed to the positive outlook. The company also provided optimistic guidance for the third quarter.
Workhorse Group’s (WKHS) stock is trading lower ahead of its second-quarter earnings release on Wednesday. Analysts predict a loss, and the company has a history of missing earnings estimates. This article explores the stock’s current performance and provides guidance for investors interested in buying or shorting WKHS shares.
Robinhood Markets Inc. (HOOD) is seeing a surge in analyst optimism following the company’s impressive second-quarter financial results. Piper Sandler and BofA Securities both upgraded their ratings and price targets on the stock, citing the company’s strong revenue growth, increased user base, and promising future product launches.
Corteva, Inc. has declared a common stock dividend of $0.17 per share, representing a 6% increase. EIDP, Inc., a subsidiary of Corteva, has declared preferred stock dividends of $1.12 -1/2 per share on the $4.50 series and $0.87 -1/2 per share on the $3.50 series. Both dividends are payable in October.
Republic Services, Inc. announced a 4.5 cent increase in its regular quarterly dividend, marking the 21st consecutive year of annual dividend increases. The new dividend of $0.580 per share will be paid on October 15, 2024, to shareholders of record on October 2, 2024.
