Wednesday’s Headlines: Twitter Reports A Mixed Bag
Here were the biggest movers in the MyWallSt shortlist yesterday:
Moving Up ⬆️
Nautilus (NLS) +14.8%
Lemonade (LMND) +9.7%
Roku Inc. (ROKU) +7.5%
Shopify (SHOP) +6.5%
Zoom Communications (ZM) +4.7%
Moving Down ⬇️
Duluth Trading (DLTH) -4.9%
Chuy's (CHUY) -4.6%
Wynn Resorts (WYNN) -3.4%
Trupanion (TRUP) -3.3%
1. It was a mixed bag from Twitter (TWTR) after it beat earnings but missed on user growth. The social blogging platform came out with Q4 earnings per share (EPS) of $0.38 on revenue of $1.29 billion, but its 192 million monetizable daily active users (mDAUs) fell short of the 193.5 million expected. Though Twitter’s ad revenue grew an impressive 31% year-over-year (YoY), investors were disappointed not to be given any further update on the company’s subscription services plans following its acquisition of Revue last month. Read the official press release here.
2. Yesterday, Shopify (SHOP) became the first MyWallSt stock to record 30X growth, closing up 6.53% — and up 32X for us. Tuesday’s rise comes after the e-commerce solutions business announced that it will be rolling out its Shop Pay service on Facebook and Instagram in the coming weeks. This means that merchants who sell their wares on these social media platforms can immediately pay with their pre-populated Shopify details, which the company claims are 70% faster than competing platforms such as PayPal (PYPL). By improving the speed and security of online shopping, Shopify expects to see a boost in merchant sales conversion rates. Read more here.
3. Pandemic or not, people want to eat healthier, allowing Hain Celestial (HAIN) to beat earnings estimates for Q4. The organic and natural products company posted adjusted EPS of $0.34 compared to $0.17 in the prior-year period, on revenue of $528.4 million. Despite a 15.7% increase in net income YoY, investors were disappointed with the company’s lack of fiscal year 2021 guidance, citing continued uncertainty around the duration and impact of the COVID-19 pandemic. Read the official press release here.
There are 5 companies on the MyWallSt shortlist that will report earnings today:
Get this week’s full earnings calendar here.