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U.S. stock markets retrieved from all-time highs on Tuesday, driven by hawkish comments from the Fed, a falling U.S. dollar and still lukewarm inflation figures out of a consumer-price report.
Urban Outfitters, Inc. (NASDAQ: URBN) reported Q2 results with EPS of $0.66 and revenues of $891 million beating the Street’s consensus of $0.56 and $886.8 million, respectively. Shares of the retailer traded up more than 10 percent.
Cree, Inc. (NASDAQ: CREE) tumbled more than 6.1 percent after posting Q4 EPS of $0.19, missing the Street’s consensus by $0.01. Revenue of $388.41 was $2.58 million higher than expected. Also disappointing was the guidance.
Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) lost roughly 1.75 percent after the bell rang, on in-line Q2 EPS of $0.47, and revenue of $61.7 million, which fell $1.69 million short of consensus.
MeetMe Inc (NASDAQ: MEET) was up more than 3.5 percent after reiterating strong guidance figures for its third quarter and full year. For Q3 management expects revenue of $17 million to $17.5 million, which compares to consensus of $17.28 million, and adjusted EBITDA of $6.5 million to $7 million, up at least 25 percent year-over-year..
The United States Oil Fund LP (ETF) (NYSE: USO) was down 0.37 percent after-hours, as API crude inventories tumbled 1 million barrels, gasoline inventories rose 2.2 million barrels, and distillate inventories surged 2.4 million barrels.
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.
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