Best Buy Beats Estimates, GDS Holdings Surprises with Narrowed-Than-Expected Loss, Nano Dimension's Bold Offer to Increase Stake in Stratasys
- May 25th, 2023
- 537 views
Best Buy Co., Inc. (NYSE: BBY) has announced its financial results for the first quarter of fiscal year 2024, reporting earnings per share (EPS) of $1.15. This figure surpasses the consensus estimate of $1.11 per share. The company's sales performance in the first quarter met its expectations, leading Best Buy to maintain the full-year guidance it provided in March.
In pre-market, $BBY is currently trading at $72.40, showing a positive movement of $3.25 (+4.70%).
GDS Holdings Limited (Nasdaq: GDS) has released its Q1 2023 financial results, revealing a loss of $0.05 per share. This result is better than the consensus estimate, which anticipated a loss of $0.31 per share.
$GDS is trading at $10.55 in pre-market, experiencing a positive movement of $0.26 (+2.53%).
Nano Dimension Ltd. (Nasdaq: NNDM) has initiated an all-cash special tender offer, aiming to increase its ownership in Stratasys Ltd. (Nasdaq: SSYS) to between 53% and 55% of the latter's outstanding shares. The offer sets the price at $18.00 per share. Yoav Stern, Nano Dimension's Chairman and CEO, commented on the offer, stating, "As we had previously indicated to the Stratasys Board, given their continued refusal to engage in negotiations, we have decided to present our offer directly to Stratasys’ shareholders."
During pre-market, $NNDM is trading at $2.42, with a slight decrease of $0.01 (-0.41%). On the other hand, $SSYS is trading at $15.44, exhibiting a positive movement of $0.56 (+3.76%).
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