Stock Market News 2024-05-09
1168 news published.
Key Highlights from Today's Stock Market News
Today's stock market saw significant movements following various earnings reports and corporate updates across multiple sectors. Here are the key highlights:
- EPAM Systems, Inc. (EPAM) reported a first-quarter revenue of $1.165 billion, down 3.8% year-over-year. The company updated its full-year revenue outlook to between $4.575 billion and $4.675 billion. Read More
- GigaCloud Technology Inc. (GCT) announced total revenues of $251.1 million for Q1 2024, marking a remarkable increase of 96.5% from the prior year, and expects Q2 revenues between $265 million and $280 million. Read More
- Krispy Kreme (DNUT) reported a 5.7% increase in net revenue for Q1, totaling $442.7 million, and reaffirmed its guidance for 2024, bolstered by its partnership expansion with McDonald’s. Read More
- Marathon Digital Holdings (MARA) reported a remarkable 223% increase in revenues to $165.2 million for Q1 2024, alongside a net income rise of 184% to $337.2 million. Read More
- CleanSpark (CLSK) announced its acquisition of two bitcoin mining sites in Wyoming for $18.75 million, expecting significant growth in its hash rate. Read More
- Guardant Health (GH) reported a 31% revenue increase for Q1 2024, raising its full-year guidance to $675-$685 million, reflecting strong growth in precision oncology. Read More
Overall, these earnings reports signal a positive shift for several companies, with robust growth in revenues and strategic expansions enhancing their market positioning throughout 2024.
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