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Skechers Shares Dip 7% After Mixed Q4 Results; Other Stocks in the Mid-Day Session Skechers Shares Dip 7% After Mixed Q4 Results; Other Stocks in the Mid-Day Session

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By Ronald Tech

Shares of Skechers U.S.A., Inc. SKX shares fell during Friday’s session after the company reported mixed fourth-quarter financial results.

Skechers said fourth-quarter revenue increased 4.4% year-over-year to $1.96 billion, which missed the consensus estimate of $2.03 billion, according to Benzinga Pro. The company reported quarterly earnings of 56 cents per share, which beat analyst estimates of 54 cents per share.

Skechers shares fell 6.9% to $59.21 on Friday.

Here are some other stocks moving in today’s mid-day session.

Gainers

  • Intelligent Bio Solutions Inc. INBS shares jumped 77.6% to $4.28. Intelligent Bio Solutions said it sees preliminary second-quarter revenue of $0.76 million.
  • Minim, Inc. MINM shares rose 34.4% to $6.76 after gaining more than 22% on Thursday.
  • Remark Holdings, Inc. MARK shares climbed 33% to $0.6802.
  • Kopin Corporation KOPN jumped 30% to $2.4050.
  • BioRestorative Therapies, Inc. BRTX rose 26.3% to $2.73.
  • Mountain Crest Acquisition Corp. IV MCAF gained 23% to $14.65.
  • Tyra Biosciences, Inc. TYRA gained 21.8% to $15.84. Tyra Biosciences announced a $200 million private placement financing.
  • Meta Platforms, Inc. META rose 18.9% to $469.34 as the company reported upbeat fourth-quarter financial results and initiated a quarterly dividend of 50 cents per share.
  • CCSC Technology International Holdings Limited CCTG gained 18.2% to $4.6099 after dipping around 82% on Thursday.
  • Roma Green Finance Limited ROMA gained 15.8% to $0.8697 after gaining around 5% on Thursday.
  • Deckers Outdoor Corporation DECK surged 14% to $879.03 after reporting better-than-expected third-quarter financial results.
  • Trugolf, Inc. TRUG shares jumped 14% to $1.5150 after dipping 55% on Thursday.
  • Gaotu Techedu Inc. GOTU gained 12.5% to $4.11.
  • PropertyGuru Group Limited PGRU rose 11.6% to $3.57.
  • NuZee, Inc. NUZE gained 11.5% to $1.93.
  • C3is Inc. CISS shares rose 9.6% to $0.1499. S.H.N. Financial recently reported a 9.1% stake in the company.
  • Applied Optoelectronics, Inc. AAOI gained 8.4% to $17.90. Applied Optoelectronics is expected to release financial results for its fourth quarter on Feb. 22, 2024.
  • Amazon.com, Inc. AMZN shares rose 6.2% to $169.20 after the company posted stronger-than-expected results for its fourth quarter. The company said it sees first-quarter revenue to be between $138 billion and $143.5 billion versus estimates of $142.13 billion. Operating income is expected to be between $8 billion and $12 billion in the first quarter.
  • Shopify Inc. SHOP rose 5.9% to $81.25. Wells Fargo analyst Andrew Bauch maintained Shopify with an Overweight and raised the price target from $70 to $90.
  • The Clorox Company CLX shares gained 4.6% to $154.77 after the company reported better-than-expected second-quarter financial results and raised FY24 adjusted EPS guidance above estimates.
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Losers

  • Cingulate Inc. CING shares dipped 48.8% to $1.7206. Cingulate announced pricing of $7.5 million public offering of 3.750 million shares at $2.00 per share.
  • MedAvail Holdings, Inc. MDVL fell 42.5% to $1.8068.
  • Scienjoy Holding Corporation SJ dipped 37.5% to $2.10.
  • ADDvantage Technologies Group, Inc. AEY fell 23.6% to $0.4659. Addvantage Technologies Group said company and subsidiaries ceased operations on Jan. 26, 2024.
  • FibroBiologics, Inc. FBLG fell 23.2% to $13.63.
  • GRI Bio, Inc. GRI fell 21% to $1.54 after the company announced pricing of $5.5 million public offering.
  • AgriFORCE Growing Systems Ltd. AGRI shares fell 20.7% to $0.3116. AgriFORCE Growing Systems received a Notice of Allowance for U.S. patent application.







Market Turmoil: A Bloodbath for Leading Stocks

Market Turmoil: A Bloodbath for Leading Stocks

Surprising Plummets

  • Cadrenal Therapeutics, Inc. CVKD incurred a staggering 19.1% drop to $1.1404.
  • Recruiter.com Group, Inc. RCRT experienced a significant decline of 19% to $1.15.
  • Gen Digital Inc. GEN tumbled 17.5% to $19.73 following its worse-than-expected third-quarter financial results.
  • WNS (Holdings) Limited WNS dipped 16.7% to $59.99 after the termination notice from one of its top revenue-generating customers on Jan. 31.
  • Exponent, Inc. EXPO fell 15.7% to $75.77 following weak earnings.
  • Hesai Group HSAI experienced a notable 14.2% decline to $3.45.
  • Liberty Broadband Corporation LBRDA dipped 13% to $69.39.
  • Atlassian Corporation TEAM witnessed a substantial 12.8% decrease to $222.08 after its second-quarter financial results.
  • Charter Communications, Inc. CHTR fell 12.6% to $333.95 post its fourth-quarter results, which included a loss of 62,000 residential Internet customers.
  • Kiora Pharmaceuticals, Inc. KPRX shares plummeted 12.4% to $0.7413, despite a 54% surge when the company announced a private placement of up to about $45 million.
  • Altice USA, Inc. ATUS fell 8.7% to $2.2620.
  • Beazer Homes USA, Inc. BZH saw a decline of 7.6% to $29.91 after reporting downbeat earnings.
  • Revelation Biosciences, Inc. REVB shares dipped 7.2% to $2.95. Their shares had fallen about 64% previously after announcing the pricing of a $6.2 million offering.
  • Dolby Laboratories, Inc. DLB reported a 5.2% decline to $80.42 following its quarterly results.
  • Apple Inc. AAPL experienced a 1.7% decrease to $183.78, despite reporting better-than-expected earnings and revenue for its first quarter.

 

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