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Shares of G-III Apparel Group, Ltd. fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results.
G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million.
G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday.
Here are some other stocks moving in today’s mid-day session.
Gainers
Losers
Now Read This: Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A ‘Great Infrastructure Play’
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pixie Dust Technologies Announces FY2024 Business Outlook
PR Newswire
NEW YORK and TOKYO, May 28, 2024
NEW YORK and TOKYO, May 28, 2024 /PRNewswire/ - Pixie Dust Technologies, Inc. (the "Company"), a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave control technology, announced its expected business outlook for the fiscal year ended April 30, 2024.
Business Outlook for FY2024
Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual events may differ materially from current expectations. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "aim," "objective," "goal," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Any such forward-looking statements are subject to various risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, including but not limited to the strength of the economy, changes to the market for securities, the effects of inflation and its associated impact on prevailing interest rates, political or financial instability, and other factors which are set forth in the Company's prospectus that forms a part of the Registration Statement on Form F-1 (File No. 333-272476), as amended, and in all filings with the SEC made by the Company subsequent to the filing thereof (including, without limitation, the Company's most recent annual report filed under cover of Form 20-F). The forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its views to change. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
About Pixie Dust Technologies, Inc.
Pixie Dust Technologies, Inc. is a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave technology. The Company is currently focusing on two areas of product development: (1) "Personal Care & Diversity", where wave control technology is applied to mechanobiology and intervention/assistance in vision, hearing, and touch, and (2) "Workspace & Digital Transformation," where metamaterials (technology that creates properties through structure rather than material) and solutions to commercial design problems, such as in offices or construction sites, are applied.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pixie-dust-technologies-announces-fy2024-business-outlook-302155823.html
SOURCE Pixie Dust Technologies
/CONTACT: Pixie Dust Technologies Investor Relations Contact: Email: PXDT_IR@pixiedusttech.com
(12:06 GMT) *Pixie Dust Technologies Sees FY24 Rev Y1B-Y1.02B >PXDT
Ratings actions from Baystreet: http://www.baystreet.ca
(16:18 GMT) Pixie Dust Technologies Price Target Announced at $5.21/Share by Fundamental Research
Ratings actions from Baystreet: http://www.baystreet.ca
US stocks look set to open mostly lower in Friday's premarket trading session as investors parse inflation data released earlier in the morning that came in higher than expected.
The Dow Jones Industrial Average futures were down 0.30%, S&P 500 futures were off 0.14%, while Nasdaq futures were up 0.12%.
The US Producer Price Index, which measures the change in the price of goods sold by manufacturers, rose by 0.3% in January, following a 0.1% decrease in December, and above the 0.1% gain expected in a survey compiled by Bloomberg as of 7:35 am ET.
Meanwhile, January housing starts fell by 14.8% from the previous month to a 1.331 million annual rate, below expectations compiled by Bloomberg as of 7:35 am ET for a 1.460 million rate after an increase to a revised 1.562 million pace in December.
Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.63% and 0.18%, respectively.
In other world markets, Japan's Nikkei gained 0.86%, Hong Kong's Hang Seng surged 2.48%, and China's Shanghai Composite climbed 1.28%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was rising 1.32%, while Germany's DAX and France's CAC were up 0.56 and 0.37% respectively.
On the winning side, shares of Pop Culture Group skyrocketed nearly 400% in Friday's premarket session, adding to a 6.4% gain from Thursday. Shares of Fusion Fuel Green soared 215% after it said it was notified by the European Commission that its HEVO-Portugal project was selected for approval under the Important Projects of Common European Interest Hy2Infra program. Ambow Education shares jumped 183%, after climbing 16% the previous session. Lichen China shares surged 58%, adding to a 6% gain the previous session. And shares of Boqii advanced 55% after a nearly 5% loss on Thursday.
On the losing side, shares of Trupanion shed 24% after a nearly 6% gain on Thursday. Shares of Servotronics dropped 20%, adding to a 2.5% loss on Thursday. Bloom Energy shares tumbled 19%, a day after it reported lower Q4 non-GAAP earnings and revenue from a year earlier. Pixie Dust Technologies shares lost 17%, adding to a 3% loss the previous day. And shares of Greenpro Capital dropped 15%, nearly wiping out Thursday's 17% gain.
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