DAO - Hot Stocks: CHS DBI drop despite earnings beats; DAO climbs; ELYS gets DC betting license; SPOK receive takeover bid

Earnings news prompted a couple of sell-offs in Tuesday's midday trading. Retailers Chico's FAS (NYSE:CHS) and Designer Brands (NYSE:DBI) had similar stories, with both falling despite better-than-expected earnings. For both stocks, investors looked past the post-pandemic boom to focus on weak comparisons to 2019 levels. However, such financial figures didn't drag on every company issuing a quarterly update. For instance, Youdao (NYSE:DAO) posted a double-digit percentage gain in intraday action following its earnings report. Looking at some other notable gainers, Elys Game Technology (NASDAQ:ELYS) increased its value by nearly a quarter by obtaining a key license in the nation's capital. Meanwhile, Spok Holdings (NASDAQ:SPOK) recorded a notable advance on news of a takeover bid. Decliners Chico's FAS (CHS) announced a better-than-expected profit for its latest quarter, reversing a loss posted in the same period last year. The woman's clothing retailer also topped expectations with its revenue, which grew 54% from

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Hot Stocks: CHS, DBI drop despite earnings beats; DAO climbs; ELYS gets DC betting license; SPOK receive takeover bid