Market Roundup: Earnings Reports Cause Stock Shifts
- Shares of Alibaba Group Holding Ltd. (BABA) decreased by 2.2% after the company announced first-quarter fiscal 2025 adjusted earnings per share of $2.15, which fell short of the Zacks Consensus Estimate of $2.26.
- Spectrum Brands Holdings Inc. (SPB) experienced a decline of 6% following its fourth-quarter 2024 adjusted earnings per share of $0.97, also missing the Zacks Consensus Estimate of $1.13.
- In contrast, Atlantica Sustainable Infrastructure plc (AY) saw a slight increase of 0.1% as it reported third-quarter 2024 revenues of $347.55 million, surpassing the Zacks Consensus Estimate of $325 million.
- Alternatively, shares of Sable Offshore Corp. (SOC) fell sharply by 8.2% after disclosing a third-quarter 2024 adjusted loss per share of $1.24, which was wider than the Zacks Consensus Estimate of a loss per share of $0.35.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
