MongoDB Plunges 20%, Rigetti Computing Jumps 6%, LendingTree Surges 21% After Earnings Reports

Tiger Newspress

Yesterday

MongoDB shares sank 20% in premarket trading on Thursday after the database software maker issued disappointing guidance.

Rigetti Computing, a pioneer in quantum-classical computing, reported fourth quarter earnings that fell short of analyst expectations, but shares up 6% in morning trading.

LendingTree shares surged 21% in morning trading after the online financial services marketplace reported fourth-quarter earnings and revenue that significantly exceeded analyst expectations, while also providing an optimistic outlook for 2025.

Zscaler shares rose 6% in morning trading after the cybersecurity company upped its full-year earnings guidance after it reported better-than-expected fiscal second-quarter results.

Victoria's Secret & Co said it expects the business environment to improve throughout the year following a sluggish start. The lingerie retailer reported fourth-quarter revenue that outpaced the average analyst estimate on Wednesday, while the company’s outlook for full-year sales was slightly below market expectations. The shares dropped 8% in morning trading on Thursday.

Grindr, the online dating platform for LGBTQ users, fell short of estimates with its fourth-quarter earnings and 2025 margin forecast, sending the stock down 16% in morning trading.

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The lingerie retailer reported fourth-quarter revenue that outpaced the average analyst estimate on Wednesday, while the company’s outlook for full-year sales was slightly below market expectations. The shares dropped 8% in morning trading on Thursday.Grindr, the online dating platform for LGBTQ users, fell short of estimates with its fourth-quarter earnings and 2025 margin forecast, sending the stock down 16% in morning trading.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}