In this article, we will take a look at the 11 stocks in the limelight after releasing their financial results. You can skip our detailed analysis of these companies and go directly to the 5 Stocks in the Limelight After Releasing Their Financial Results.
Stocks from the consumer cyclical and communication services sectors, including The Home Depot, Inc. (NYSE:HD), Global-e Online Ltd. (NASDAQ:GLBE) and Take-Two Interactive Software, Inc. (NASDAQ:TTWO), recently came out with the financial results for their respective quarters.
Shares of Home Depot and Take-Two Interactive rallied in the pre-market trading session on Tuesday, May 17, after beating profit expectations. On the other hand, Global-e Online shares fell to an all-time low after posting a wider-than-expected loss for the first quarter.
Stocks in the Limelight After Releasing Their Financial Results
11. Weber Inc. (NYSE:WEBR)
Number of Hedge Fund Holders: 6
Shares of Weber Inc. (NYSE:WEBR) hit a new 52-week low of $5.72 on Monday, May 16, 2022, after posting disappointing financial results for its fiscal second quarter and a weak outlook for the full year.
Weber Inc. (NYSE:WEBR) reported a loss of $1.02 per share, contrary to analysts’ average estimate for earnings of 18 cents per share. Revenue for the quarter dropped 7 percent on a year-over-year basis to $607.3 million, missing the expectations of $659 million.
For its fiscal year 2022. Weber Inc. (NYSE:WEBR) expects to generate revenue in the range of $1.65 – $1.80 billion, significantly lower than analysts’ average estimate of $2.09 billion.
Commenting on the quarter, CEO Chris Scherzinger said in a statement:
“Our second-quarter results reflect our proactive