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 Ambarella Inc (NASDAQ: AMBA), which tumbled 4.27 percent on Thursday trading, ahead of the company’s third quarter earnings call, continued to decline in after-hours (almost 6 percent) after the results were released. Strangely, earnings of $1.08 per share and revenue of $93.2 million came in ahead of the Street’s consensus estimate of $0.89 per share and $91.47 million.
On the other hand, Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) was surging on its earnings call; since the bell rang, the stock rose more than 4.5 percent. Earnings of $1.11 per share on revenue of $910.7 million beat the Street’s expectations for earnings of $1.05 per share on sales of $879.02 million. Management had guided for EPS in the $1.00 to $1.05 range, on revenue of $869 million to $883 million.
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Back to decliners, there’s Barnes & Noble, Inc. (NYSE: BKS), which was trading down roughly 7 percent in Thursday’s after-hours, after the company missed expectations on both the earnings and revenue fronts. The small cap retailer delivered a net loss of ($0.36) per share on sales of $894.65 million, versus the Steet’s consensus, which called for a net loss of ($0.31) per share and revenue of $917.83 million.
Finally, Five Below Inc (NASDAQ: FIVE) was one of the biggest gainers of the afternoon, up more than 9 percent since the bell rang. Earnings of $0.08 per share came in one cent ahead of the Street’s projections, and revenue of $169.7 million also beat expectations for sales of $166.19 million. The small cap specialty retailer was also spiking on strong guidance on Thursday afternoon.
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.