SFIX - Hot Stocks: SFIX CASY fall on earnings; PD THO rally; HOOD cancels stock resale
Earnings news represented a crucial catalyst in Wednesday's pre-market trading. StitchFix (NASDAQ:SFIX) stood as a high-profile decliner, losing about a quarter after it projected a revenue decline for the current fiscal period. Caseys General Stores (NASDAQ:CASY) was another earnings victim. A disappointing bottom line spurred substantial pre-market selling. On the other side of the spectrum, PagerDuty (NYSE:PD) and Thor (NYSE:THO) rallied following the release of their quarterly updates. Robinhood (NASDAQ:HOOD) also showed strength, with investors cheering a decision not to move ahead with a stock resale plan. Decliners Weak revenue guidance sparked a 25% pre-market drop in shares of StitchFix (SFIX). The online clothes selection service beat estimates with its latest quarter, but its projections for the current fiscal period didn't live up to expectations. For the current quarter, SFIX predicted a top-line figure between $505M and $520M, a decline from last year's mark of $581M. Analysts were looking for
For further details see:
Hot Stocks: SFIX, CASY fall on earnings; PD, THO rally; HOOD cancels stock resale