What happened
The stock of Global Payments (NYSE: GPN) climbed by nearly double-digit percentages Wednesday before settling down to close almost 2% higher on the day. Better-than-expected Q1 fiscal 2020 profitability was the likely catalyst.
Noodles & Co. (NDLS) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
Etsy (ETSY) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.
Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $1.24 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to FFO of $1.16 per share a year ago. These figures are adjusted for non-recurring items.
Federal Realty Investment Trust (FRT) came out with quarterly funds from operations (FFO) of $1.50 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to FFO of $1.56 per share a year ago. These figures are adjusted for non-recurring items.
Sarepta Therapeutics (SRPT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $2.29. This compares to loss of $1.07 per share a year ago. These figures are adjusted for non-recurring items.
United Airlines is putting up almost half of its mainline fleet of aircraft as collateral for a US$2.25bn high-yield secured bond offering as it tries to weather the evaporation of travel demand.
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What happened
Shares of Live Nation Entertainment (NYSE: LYV) fell 1.3% in April 2020, according to data from S&P Global Market Intelligence. That might not sound like much of a drop, but the broader market was busy skyrocketing last month. The Ticketmaster parent-company's
Reporting on its first quarter of 2020 yesterday, Papa John's International (NASDAQ: PZZA) revealed positive growth, earnings per share (EPS), and revenue figures compared to Q1 2019's negative metrics. However, with the economic damage imposed on the U.S. economy in general and
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Looking at the sectors faring best as of midday Wednesday, shares of Technology & Communications companies are outperforming other sectors, higher by 0.9%. Within that group, FLIR Systems, Inc. (Symbol: FLIR) and KLA Corp (Symbol: KLAC) are two large stocks leading the wa