Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Bob Evans Farms Inc (NASDAQ: BOBE) were trading down more than 5.3 percent on Tuesday’s after-hours session, following the announcement of the company’s second quarter –fiscal 2016- financial results. The small-cap full-service restaurant operator reported earnings of $0.41 per share on revenue of $325.02 million, slightly above the Street’s consensus estimate of $0.40 per share and $323.35 million.
In addition, it was announced that the Board of Directors had approved a $100 million increase in share repurchase authorization to $250 million, from a previous $150 million.
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Opposite were the cases of Ascena Retail Group Inc (NASDAQ: ASNA) and Guidewire Software Inc (NYSE: GWRE), two Smid-caps that reported their first quarter (fiscal 2016) financial results after the market closed on Tuesday. Ascena’s stock gained roughly 1.4 percent since the bell rang, while Guidewire’s shares rose more than 5 percent. The former, a specialty retailer, reported earnings of $0.36 per share on revenue of $1.794 billion, beating the Street’s earnings projection (and in line with the revenue estimate), which called for earnings of $0.29 per share on sales of $1.796
Guidewire, a software provider, delivered earnings of $0.07 per share on revenue of $82.3 million, once again, ahead of the Street’s consensus of $0.03 per share and $81.5 million.
Finally, there’s Apigee Corp (NASDAQ: APIC), which surged more than 13 percent in after-hours trading, after reporting a net loss of ($0.38) per share on revenue of $20.55 million, beating experts’ consensus estimate, which called for a net loss of ($0.41) per share on sales of $19.78 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.