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DLocal Plunges 26.7% After Earnings Report, Nextracker Soars with Impressive Numbers, and More in Earnings News

Fernanda T
Latest News
May 15 2024 7:43AM

dLocal (NASDAQ:DLO) – The shares of dLocal dropped 26.7% in pre-market trading after announcing earnings of 6 cents per share, with total revenue of $184.4 million. Analysts’ expectations, according to FactSet, were for earnings of 12 cents per share, with revenue reaching $189.8 million.

Nextracker (NASDAQ:NXT) – The shares of Nextracker rose 13.9% in pre-market trading after achieving revenue of $737 million in the last fiscal quarter, exceeding LSEG’s forecast of $682 million by 8%. Adjusted net income was $451 million, while diluted adjusted earnings per share were $3.06. Adjusted EBITDA was $521 million, a 150% increase from the previous year. The company issued a full-year revenue forecast, which was practically in line with estimates.

Boot Barn (NYSE:BOOT) – Boot Barn predicted annual earnings between $4.55 and $4.85 per share, falling short of FactSet’s forecast of $5.16 per share. In the fourth quarter, net revenues fell 8.7% compared to the same period last year, totaling $388.5 million. Net income during this period was $29.4 million, equivalent to 96 cents per diluted share, in contrast to $46.4 million, or $1.53 per diluted share, recorded in the same quarter of the previous year.

Nu Holdings (NYSE:NU) – The shares of Nu Holdings advanced approximately 6.2% in pre-market trading after adjusted net income and revenue in the first quarter exceeded forecasts. Revenue reached $2.7 billion, surpassing FactSet’s consensus estimate of $2.16 billion, marking a 64% increase compared to the same quarter last year. Nu Holdings reported net income of $378.8 million and earnings per share of $0.08.

Canoo (NASDAQ:GOEV) – In the first quarter, Canoo reported a net loss of $110.7 million, exceeding expectations of a loss of $55.2 million. Despite market challenges, the company maintained its financial outlook for the year. Operating expenses decreased to $62.6 million, while cash increased to $18.2 million. The shares are down 2.9% in pre-market trading.

Prestige Consumer Healthcare (NYSE:PBH) – Prestige projected annual earnings to be between $4.40 and $4.46 per share, while analysts consulted by FactSet predicted $4.65 per share. In the fourth quarter, the company had net income of $49.5 million, with adjusted earnings per share of $1.02 on revenue of $277 million, below estimates.

Mitsubishi UFJ Financial Group (NYSE:MUFG) – The Japanese bank recorded a less severe-than-expected decline in its fourth-quarter profit and projected a slight increase in profit for the next fiscal year. In the last quarter, profit was approximately $1.24 billion, down from $4.96 billion in the same period the previous year. For the next fiscal year, the group expects a profit of about $9.62 billion, compared to $9.55 billion for the year that just ended. The shares fell -1.1% in pre-market trading.

Mizuho Financial Group (NYSE:MFG) – Mizuho Financial Group reported a strong increase in fourth-quarter profit, reaching around $235 million, surpassing expectations due to the success of its international operations and demand for domestic loans. For the current fiscal year, Mizuho expects a profit of approximately $4.80 billion.