TTD - Nasdaq Down 50 Points; TreeHouse Foods Shares Tumble After Q4 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Friday.
The Dow traded down 0.10% to 38,736.15 while the NASDAQ fell 0.34% to 15,852.87. The S&P 500 also fell, dropping, 0.09% to 5,025.26.
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Leading and Lagging Sectors
Materials shares rose by 0.8% on Friday.
In trading on Friday, communication services shares fell by 1.6%.
Top Headline
Shares of TreeHouse Foods, Inc. (NYSE: THS) fell around 14% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 outlook below estimates.
The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.
Equities Trading UP
The Trade Desk, Inc. (NASDAQ: TTD) shares shot up 16% to $87.56 after the company reported mixed fourth-quarter financial results.
Shares of PRA Group, Inc. (NASDAQ: PRAA) got a boost, surging 19% to $29.15 following upbeat results.
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