US stocks went on to close the best February result for the S&P 500 and Nasdaq in nearly a decade, after investors digested a crucial inflation reading. The S&P 500 closed with a +0.5% finishing at 5,095.88, the Nasdaq grew even more with a +0.9% closing the day at its highest close on record. Meanwhile the Dow Jones popped 0.1% reaching 38.996,39 at close.
C3.ai stock jumped 26% on Thursday after the company beat expectations after reporting an adjusted loss of $0.13 per share, beating expectations $0.28 per share. This growth comes as Wall Street’s artificial intelligence has yet to show signs of slowing down, with C3.ai as the latest beneficiary of the frenzy around it. The software firm posted earnings on Wednesday that beat expectations, sending the stock as much as 26% up. At the end of the day the stock closed with a +24.52% at $36.97. (P.Rosen)
Shares of GoodRx Holdings (GDRX) rallied 20.4% on Thursday, after the company announced stronger-than-expected quarterly results and a new stock buyback program.The company announced a revenue growth of 7% year over year to $196.6 million resulting in earnings per share of $0.08, surpassing the expectations set at $0.07 per share.The company ended the quarter with more than 7 million consumers of prescription-related offerings. Prescription transaction revenue rose 11% in the period to $143.9 million. (S.Symington)
Cleantech energy integration specialist Ameresco (AMRC) published a set of quarterly figures in which the headline figures beat analysts expectations in both revenue and profitability, and as a result shares grew 3% Figures for fourth-quarter for Ameresco also indicated robust growth with revenue totalling $441 million over the year-to-year figure of $332 million. More impressively adjusted net income nearly doubled reaching $36.8 million from the year before profit of $18.9 million. (E.Volkman)
Author: Luca Sesena