Vita Coco Company IncQ2 net sales rose 28% and adjusted EBITDA beat estimates.
U.S. stock futures pointed lower on Thursday amid a deluge of earnings reports and rising oil prices. Vita Coco surged 8.8% after second-quarter net sales rose 28% to $216 million and adjusted EBITDA reached $67 million, well above estimates. Domo soared 21% on news that Progress Software will acquire substantially all of its assets for $400 million in cash. Mobileye fell 4.4% as founder and CEO Amnon Shashua announced plans to step down, overshadowing an earnings beat. Dow Inc. slipped 2.8% despite adjusted earnings per share of $1.44 topping forecasts, while Hut 8 gained 6.0% after Morgan Stanley initiated coverage with an Overweight rating and a $263 price target.
Vita Coco Company IncQ2 net sales rose 28% and adjusted EBITDA beat estimates.
Domo IncProgress Software to acquire substantially all assets for $400M cash.
Dow IncAdjusted EPS beat but stock fell 2.8%.
Hut 8 Corp. Common StockMorgan Stanley initiated with Overweight and $263 price target.
Mobileye Global Inc. Class A Common StockFounder and CEO announced plans to step down.
Morgan Stanley
Progress Software Corporation