This is the fifth week of the third-quarter earnings season. Following the release of financial results, several corporations were spotted making major changes. After reporting lower-than-expected quarterly revenue, PayPal Holdings, Inc. shares fell to a nearly one-year low. After their quarterly earnings, shares of Roblox Corporation and RingCentral, Inc. acquired a significant amount of value.
Here is Insider Monkey’s list of 10 stocks making big moves on earnings reports. On Tuesday, November 9th, 2021, shares of AMC Entertainment Holdings, Inc. plummeted more than 11%. The movie theater business located in Kansas posted an adjusted loss of 44 cents per share. Revenue was $763.2 million, compared to $119.4 million in the same time in 2020. Unity Software Inc. reported a third-quarter loss that was lower than projected. For the quarter, analysts expected a loss of 7 cents per share. The company boosted its full-year sales forecast to a range of $1.08 billion to $1.09 billion. On Tuesday, November 9th, 2021, shares of Coty Inc. reached a new 52-week high of $10.85. The corporation reported strong profits for the first quarter of its fiscal year. Coty also provided an update on its earnings forecast for the fiscal year 2022. Oak Street Health, Inc. had its stock drop about 21% after the firm reported a larger-than-expected third-quarter loss. The healthcare services business recorded a loss of 49 cents per share, compared to a profit of 15 cents the year before. Doximity, Inc. stock plunged more than 13% in Tuesday’s after-hours trading session. On an adjusted basis, the online networking service for medical professionals earned 19 cents per share, a considerable increase over the year-ago quarter’s 2 cents per share. For more details, click 10 Stocks Making Big Moves On Earnings Reports.
