Check out the companies to make headlines after the bells of Howard Hughes Holdings – Howard Hughes Holdings – shares fell about 5% as Pershing Square’s Bill Bill Ackman raised his offer to the real estate company, vowing to turn it into a “modern” Berkshire Hathaway. Ackerman said Tuesday that his company submitted a proposal to acquire $10 million Howard Hughes stock for $90 a share, up from $85 a share in January. Bumble-The online dating company’s shares fell nearly 13% after Bumble provided disappointing first-quarter guidance. Bumble said it expects adjusted EBITDA to be between $60 million and $63 million to revenue between $242 million and $248 million. Meanwhile, analysts surveyed by FACTSET expect EBITDA and revenue to be $68.8 million and $256.9 million, respectively. Bumble’s fourth-quarter revenue and revenue remained higher than Wall Street expected. Cadence Design – Electronic Systems Design Company’s stock fell by about 5%. Although the company’s fourth-quarter revenue and revenue exceeded forecasts by analysts who voted by LSEG, its full-year guidance was lower than its calls. Cadence said it expects earnings per share (excluding commodities) to be between $6.65 and $6.75, while analysts are asking $6.83 per share. Cadence’s revenue forecast is between $5.14 billion and $5.22 billion, with a slightly $5.25 billion consensus requirement. The company’s CEO said Cadence saw record bookings and backlogs in 2024. CostarGroup – Real estate company shares fell about 6%, receiving tedious guidance, even if the company’s adjusted EBITDA and revenue from the previous quarter were meaningless. Costar said it expects adjusted EBITDA to be between $25 million and $35 million in the first quarter, while analysts surveyed by FACTSET expect $79.5 million. Costar also expects revenue to be between $711 million and $716 million, with a total of no more than $726.4 million per fact. Arista Networks – Data Center Company’s stock fell by 4%, even as its quarterly revenue and revenues and its guidance, which is what Wall Street expects. Arista released adjusted fourth-quarter earnings at 65 cents per share on revenue of $1.93 billion, while LSEG expects $1.99 billion in revenue for analysts (analysts) at 57 cents per share, Revenue is $19 billion. Toll Brothers – Stocks fell about 5% behind homebuilders’ first-quarter results. The revenue brothers at the time had a revenue of $1.86 billion, which was expected by analysts who voted from the fact set to a $1.91 billion. The company’s earnings per share was $1.75, which was also based on a consensus forecast of $2.04 per share.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved