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Financial Results Triggering Stock Surges: VNET Group, NVIDIA, Modine Manufacturing, e.l.f. Beauty, Nutanix, Zuora

  • May 24th, 2023
  • 620 views

VNET Group, Inc. (Nasdaq: VNET) has announced its financial results for the first quarter of 2023, exceeding market expectations. The company reported earnings per share (EPS) of $0.06, while the consensus projected a loss of $0.09 per share. This positive outcome has led to a surge in VNET Group's stock price in after-hours trading, with $VNET currently trading at $2.92, reflecting an increase of $0.23 or 8.55%.

NVIDIA Corporation (Nasdaq: NVDA) has reported its earnings for first-quarter fiscal 2024, demonstrating significant progress across various sectors. The company surpassed consensus estimates with an EPS of $1.09, compared to the projected $0.92. NVIDIA's achievements span the Data Center, Gaming, Professional Visualization, and Automotive areas. As a result, the company's stock price has seen a substantial boost in after-hours trading, with $NVDA currently standing at $387.05, a remarkable increase of $81.67 or 26.74%.

Modine Manufacturing Company (NYSE: MOD) has released its financial results for the fourth quarter of fiscal 2023, outperforming market expectations. The company reported an adjusted EPS of $0.67, surpassing the consensus estimate of $0.45. Following this positive news, $MOD has experienced a notable rise in after-hours trading, reaching $21.50, marking an increase of $1.77 or 8.97%.

e.l.f. Beauty, Inc. (NYSE: ELF) has released its financial results for the fourth quarter of fiscal 2023, reporting an EPS of $0.42c, surpassing the consensus estimate of $0.20. This positive news has caused a significant surge in e.l.f. Beauty's stock price during after-hours trading. Currently, $ELF is trading at $97.00, reflecting an increase of $10.55 or 12.20%.

Nutanix, Inc. (Nasdaq: NTNX) has announced its adjusted EPS for the third quarter of fiscal 2023, which stands at $0.04, falling short of the consensus estimate of $0.12. However, despite the lower-than-expected results, Nutanix's stock price has experienced a notable upswing in after-hours trading. $NTNX is currently trading at $29.46, representing an increase of $4.05 or 15.94%.

Zuora, Inc. (NYSE: ZUO) has announced its first-quarter fiscal 2024 earnings, surpassing consensus expectations. The company reported an EPS of $0.05, compared to the projected $0.00. Following this positive outcome, Zuora's stock price has witnessed a rise in after-hours trading, with $ZUO reaching $9.24, reflecting an increase of $0.73 or 8.58%.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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