UNFI - Crude Oil Moves Higher; Cintas Earnings Top Estimates | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Tuesday.
The Dow traded down 0.96% to 33,681.79 while the NASDAQ fell 1.24% to 13,106.70. The S&P 500 also fell, dropping, 1.20% to 4,285.24.
Check This Out: DraftKings To Rally Around 35%? Here Are 10 Other Analyst Forecasts For Tuesday
Leading and Lagging Sectors
Energy shares fell by just 0.4% on Tuesday.
In trading on Tuesday, communication services shares tumbled by 1.5%.
Top Headline
Cintas Corporation (NASDAQ: CTAS) reported better-than-expected earnings for its first quarter on Tuesday.
The company posted first-quarter FY24 revenue growth of 8% year-on-year to $2.34 billion, meeting the analyst consensus estimate. EPS of $3.70 beat the analyst consensus estimate of $3.67.
Cintas raised FY24 revenue outlook from $9.35 billion - $9.50 billion to $9.40 billion - $9.52 billion, against the consensus of $9.50 billion. The company also raised FY24 EPS outlook from $13.85 - $14.35 to $14.00 - $14.45 versus an estimate of $14.42.
Equities Trading UP
Soleno Therapeutics, Inc. (NASDAQ: SLNO) shares shot up 385% to $21.48 after the company released top-line results from randomized withdrawal period of study C602 of DCCR for Prader-Willi Syndrome.
Shares of Femasys Inc. (NASDAQ: FEMY) got a boost, shooting 261% to $1.20 after the ...