Shares of QuinStreet Inc. (QNST, Financial) jumped more than 16% after announcing preliminary third-quarter results.
The company projects third-quarter revenue of over $115 million, up 45% compared to the prior-year period and above the estimates of $91.86M, while expecting its positive business momentum to continue. It also expects its adjusted EBITDA margin to be above 8%.
"Our strong and improving financial performance continues to be driven by good results for our clients and media partners, and by our significant competitive advantages," said CEO Doug Valenti.
L'Oreal said today that sales in the first quarter increased by 6.8% on a like-for-like basis, fueled by a strong growth in its Luxe division. Sales in the trimester ending March 31 came to about $8.4 billion. Sales in L'Oreal's Luxe division inched up 14% to $2.8 billion. L'Oreal expects to outperform the market this year and achieve significant like-for-like sales growth.
Costco Wholesale Corp. (COST, Financial) is another stock that jumped on Thursday ahead of strong sales. The company beat monthly sales with overnight net sales for the five weeks ended April 8 of $12.92 billion, up 10.9% from the same period a year ago and overall same-store sales jumped 8.6%.
By geography, the same-store sales grew 8.3% in the U.S., 7.1% rise in Canada and a 12.3% increase in other international. Further, e-commerce same-store sales increased by 33.2%.
Shares of FMC Corp. (FMC, Financial) gained on Thursday, after analysts at BMO Capital upgraded rating to Outperform, up from Market Perform. Further, they raised the stock price target to $95 from $90, representing almost 19% from current market price.
(Disclosure: The author holds no position in any stocks mentioned).
