The share prices for Zillow Group experienced a huge plummet in the premarket trading. The executives at the online real-estate marketplace recently shared their earnings for the first quarter.
Surprisingly, Zillow Group ended up experiencing the dip even when sharing expectation earnings for the first quarter. They revealed that the revenues and earnings they generated were higher than the estimations.
For the first quarter of 2022, Zillow Group revealed they generated earnings worth 49 cents per share. The revenue they generated for the same quarter was worth $4.26 billion.
On the other hand, the estimations made by the analysts for the earnings were worth 26 cents per share. The revenue Zillow Group was expected to generate for the first quarter was worth $3.39 billion.
Virgin Galactic Holdings
Virgin Galactic Holdings’ shares have experienced a 2% dip in premarket trading. According to sources, the space company revealed it has decided to delay its commercial space service launch until 2023. The executives have confirmed that they will be resuming their project in Q1 of 2023.
Sweetgreen has recorded a 4% surge in its share prices in the premarket trading. The reason behind the salad chain’s share price rise was the beat on earnings reported by its executives. According to the executives, Sweetgreen generated earnings worth 45 cents per share loss. The revenue generated by the salad chain was worth $102.6 million.
The estimations set by the analysts at Refinitiv for the first quarter of 2022 include a share price loss of 41 cents per share. The revenue estimated by the analysts at Refinitiv for the first quarter was worth $101.5 million.
Live Nation Entertainment
The stock prices for Live Nation Entertainment have experienced a 3% surge in premarket trading. The reason behind the surge in Live Nation Entertainment’s share prices was due to its posting of the earnings report.
In the earnings posting, Live Nation Entertainment executives revealed the loss it incurred was narrower than the estimations made by the analysts.
The executives confirmed that they incurred a share price loss of 39 cents per share. The share price loss estimation the Refinitiv analysts had made was 79 cents per share.
As for the revenue, the executives confirmed it was lower than the estimations made by the Refinitiv analysts.
The share prices for AMC have experienced a 4% uplift in post-market trading. The executives confirmed it was a strong first quarter that helped them bring in promising results.
The executives revealed that their sales and revenue are growing tremendously as the movie theaters are getting packed with the consumers again. With the movie theaters coming back to usual, they are recording a promising surge in the revenues.
The revenue reported by the executives at AMC for the first quarter was worth $785.7 million versus the $743 million estimations.