In its February 3 earnings release, ArcBest announced its full-year 2022 revenue totaled a record $5.3 billion compared to $4.0 billion in 2021. That caused the stock to have a wild ride where it traded between an intra-day low of $78.37 to a high of $89.69, before closing that day at $86.70. Over the [...]
Friday’s trading session saw Lyft stock fall off a cliff after the ride-share company released its fiscal fourth-quarter earnings report for 2022. Shares dropped nearly 40% not necessarily because the company underperformed in the 4th quarter - but because they expect issues to persist into 2023. Lyft reported earnings per share of $0.29, [...]
Yesterday, T-Mobile stock (TMUS) closed at nearly a 5% loss, marking the third consecutive day of losses. This all came after T-Mobile delivered a mixed earnings report last week where some segments performed well and others suffered. While earnings exceeded expectations from Wall Street, sales figures were a dramatic underperformance. Moreover, the company expects [...]
Fabrinet’s stock price has been on a roll since its low last October. With a good earnings track record over the past five years, now may be the time to consider a position based on the latest earnings report and your analysis of all the key factors which VectorVest can provide with a few [...]
BIG WINNERS IN AI. Written by: Angela Akers Besides the Fed’s 25-basis point rate hike, tech’s earnings highs and lows, and a blockbuster January Jobs report, everybody’s also talking about Artificial Intelligence, AI, this week. At the end of November, the user base of a private company called OpenAI, exploded after it released the [...]
One of the tech companies everyone was anxiously awaiting a 4th quarter earnings report from is Apple - and it came late Thursday. The company came up short of analyst estimates on multiple figures, and yet, the stock is up 4% in Friday morning trading. Apple’s revenue took a hit in the final quarter [...]
Meta - the Facebook & Instagram parent company - waited until after trading hours yesterday to release their earnings report for Q4 of 2022. And it caused a frenzy in this morning’s trading session as the stock soared nearly 25% by 11:30 AM EST. What caused the hype, though? The company beat expectations [...]
Last year GM reported record-breaking full-year revenues of $10.4 billion. This year, the company did it again - outshining last year’s performance with a full-year adjusted income of $11 billion. The company also reported profits in excess of what analysts were expecting for the fourth quarter. Moreover, earnings per share were up to $2.12 [...]
LSI Industries Inc. (LYTS), founded in 1976 Cincinnati, Ohio, experienced a big price run-up on January 26, the day of their latest earnings call. The stock opened at $13.15 while closing at $14.98 the high for the day, an 11% sprint higher from the prior day’s close. This was the highest price compared to [...]
When we last wrote about SoFi, the stock was rated a sell with poor safety and timing. Insiders at the company were purchasing up shares despite what looked to be a tumultuous time at the company. But since then, SoFi has gained over 53% - and looks to have a solid trend with momentum [...]
