SWBI - Nasdaq Moves Lower; FactSet Research Posts Upbeat Earnings | Benzinga
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite moving lower on Friday.
The Dow traded down 0.01% to 39,133.99 while the NASDAQ fell 0.21% to 17,683.49. The S&P 500 also fell, dropping, 0.19% to 5,462.56.
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Leading and Lagging Sectors
Communication services shares jumped by 0.7% on Friday.
In trading on Friday, information technology shares fell by 0.6%.
Top Headline
Shares of FactSet Research Systems Inc (NYSE:FDS) gained around 3% on Friday after the company posted better-than-expected first-quarter earnings.
FactSet Research reported third-quarter fiscal 2024 sales growth of 4.3% Y/Y to $552.708 million versus the analyst consensus estimate of $552.712 million. Adjusted EPS of $4.37 beat the analyst consensus estimate of $3.90.
FactSet revised the fiscal 2024 revenue outlook to $2.18 billion – $2.19 billion (prior $2.20 billion – $2.21 billion) vs. $2.20 billion estimate and adjusted EPS of $16.00 – $16.40 (prior $15.60 – $16.00) vs. consensus of $15.98.
Equities Trading UP
- American Rebel Holdings, Inc. (NASDAQ:AREB) shares shot up 154% to $0.7738 after the company signed a Connecticut distribution agreement with Dichello Distributors.
- Shares of Sharecare, Inc. (NASDAQ:SHCR) got a boost, surging 76% to $1.3650 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.
- Sarepta Therapeutics, Inc. (NASDAQ:SRPT) ...