11:23 AM EDT, 05/02/2024 (MT Newswires) -- Shares of Wayfair ( W ) soared intraday Thursday after the online furniture retailer reported stronger-than-expected first-quarter results even as orders fell. Revenue dipped to $2.73 billion for the three months ended March 31 from $2.77 billion the year earlier but surpassed the $2.64 billion average analyst estimate on Capital IQ. Shares of...

Wendy’s Company shares are trading higher on Thursday after reporting first-quarter results. The company reported first quarter adjusted earnings per share of 23 cents, beating the street view of 21 cents.  Quarterly sales of $534.753 million missed the street view of $540.972 million. Sales increased 1.1% year over year from increased advertising funds revenue and franchise royalty revenue, both driven by net new restaurant development and higher same-restaurant...

11:20 AM EDT, 05/02/2024 (MT Newswires) -- SpringWorks Therapeutics ( SWTX ) shares fell more than 8% in recent Thursday trading after the drugmaker reported a wider-than-expected Q1 loss. The company reported a Q1 loss of $1.18 per diluted share, unchanged from a year earlier. Analysts surveyed by Capital IQ expected a loss of $1.17. Revenue for the quarter ended...

11:19 AM EDT, 05/02/2024 (MT Newswires) -- Kontoor Brands ( KTB ) shares were rising more than 9% in recent Thursday trading following its better-than-expected Q1 performance and a rise in earnings guidance. Earlier, the company reported Q1 adjusted earnings of $1.16 per diluted share, unchanged from a year earlier. Analysts polled by Capital IQ expected $0.91. Revenue for the...