In this article we take a look at five stocks that are trending on Thursday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Thursday.
5. First Solar, Inc. (NASDAQ:FSLR) has fallen around 4% in the after market after the company reported softer than expected results for Q3. For the period, First Solar, Inc. (NASDAQ:FSLR) earned $0.42 per share on sales of $584 million, missing the consensus by $0.19 and $104.1 million. For FY21, First Solar, Inc. (NASDAQ:FSLR) sees EPS of $4-$4.60 versus the consensus of $4.14. Of the around 873 elite funds in our database, 31 were long First Solar, Inc. (NASDAQ:FSLR) at the end of June.
4. Yelp Inc. (NYSE:YELP) rose in after market trading on Thursday after reporting third quarter EPS of $0.23 on sales of $269.1 million, versus the consensus of $0 and $261.8 million. Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman said, “Net revenue matched our best quarterly performance ever, and for the fourth consecutive quarter we drove record revenue in our Services categories and Self-serve channel.” 27 elite funds in our database were long Yelp Inc. (NYSE:YELP) at the end of Q2.
3. Consolidated Edison, Inc. (NYSE:ED) is trending after the company reported third quarter adjusted EPS of $1.41, missing the average estimate by $0.07 per share. Revenue for the period was $3.61 billion, exceeding the consensus by $150 million. For FY21, Consolidated Edison, Inc. (NYSE:ED) sees adjusted EPS of $4.15 to $4.35 versus the average estimate of $4.25. AQR Capital Management was long 994,848 shares of Consolidated Edison, Inc. (NYSE:ED) at the end of Q2.
2. Peloton Interactive, Inc. (NASDAQ:PTON) has fallen by around 30% in the after market after the company reported a wider than expected loss. For its fiscal first quarter, the company lost $1.25 per share versus the expected $1.07 per share. Revenue was $805.2 million versus the $810.7 million expected. For the fiscal second quarter, Peloton Interactive, Inc. (NASDAQ:PTON) has a sales forecast of between $1.1 billion to $1.2 billion. Analysts had expected $1.5 billion for the period. Tiger Global Management LLC owned 8,826,164 shares of Peloton Interactive, Inc. (NASDAQ:PTON) at the end of June.
1. Dropbox, Inc. (NASDAQ:DBX) is trending after the company reported third quarter adjusted EPS of $0.37 on sales of $550.2 million, exceeding the average estimate by $0.02 and $5.48 million. For Q4, Dropbox, Inc. (NASDAQ:DBX) sees revenue of $556 million to $559 million versus the consensus of $553.27 million. Renaissance Technologies was among the elite fund holders of Dropbox, Inc. (NASDAQ:DBX) at the end of Q2.
Disclosure: None.
