Dernières nouvelles pour Grindr (NYSE:GRND) Stock

Grindr

Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Grindr Inc

WIIM

DSGX

The Descartes Systems Group shares are trading lower after multiple firms lowered their respective price targets on the stock.

News

Guidance

TRMD

TORM Sees FY25 Revenue Of $650M - $950M Vs. $1.14B Est.

Elon Musk, CEO of Tesla and SpaceX, as well as an advisor to President Donald Trump, has put forth a proposal for the privatization of the U.S. Postal Service and Amtrak.
What Happened:  During a Morgan Stanley conference on Wednesday, Musk stated, &#8220;I think logically we should privatize anything that can reasonably be privatized,&#8221; as per Reuters, acknowledging that such measures would require congressional approval.
Despite&nbsp;posting a profit of $144&nbsp;million in the fourth quarter, the Postal Service has been grappling with financial woes, having lost over $100 billion since 2007. In contrast, Amtrak has experienced a revival in ridership, exceeding pre-COVID-19 levels in 2024.&nbsp;However, for the 12 months ending September 30, the rail operator reported an adjusted operating loss of $705 million, reflecting a 9% decline compared to 2023.
Musk drew a comparison between Amtrak and Chinese high-speed rail, describing the former as a &#8220;..a sad situation&#8230; It will leave you with a very bad impression of America.&#8221; In response, Amtrak asserted that its &#8220;business performance is strong&#8221; and that it is on the path to achieving operational profitability
SEE ALSO: <a href="https://www.benzinga.com/general/space/25/03/44064222/starlink-launches-80-monthly-plan-as-it-targets-wider-customer-base">Starlink Launches $80 Monthly Plan As It Targets Wider Customer Base</a>
Why It Matters: Musk&#8217;s proposal to privatize these entities aligns with that of President Trump. He had floated the idea of privatizing the postal department even in his first term. Also, last month, Trump expressed his desire to merge&nbsp;the Postal Service and the&nbsp;U.S. Commerce Department, a suggestion that has been met with opposition from Democrats who argue it would be a violation of federal law. 
"It's a lot different today, between Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) and FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and all the things that you didn&#8217;t have. But there is talk about that. It&#8217;s an idea that a lot of people have liked for a long time," Trump had stated in December.
Musk&#8217;s comments come amid a backdrop of sweeping federal workforce cuts by the Department of Government Efficiency (DOGE). The DOGE has been mired in controversy since the beginning and its layoff actions have met with mixed responses, mostly criticism.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder Steve Wozniak criticized DOGE&#8217;s <a href="https://www.benzinga.com/25/03/44160018/apple-co-founder-steve-wozniak-blasts-doges-mass-firings-says-musk-led-cuts-are-like-using-a-sledgehammer-instead-of-a-scalpel">mass layoffs</a>, describing them as a &#8220;reckless strategy that lacks precision.&#8221; On the other hand, JPMorgan Chase CEO Jamie Dimon supported DOGE&#8217;s mission to eliminate wasteful spending and streamline processes.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/media/25/03/44163030/chatgpt-parent-openais-specialized-ai-agents-could-cost-up-to-20-thousand-per-month-report">ChatGPT Parent OpenAI&#8217;s Specialized AI Agents Could Cost Up To $20 Thousand Per Month: report</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Tech

AAPL

AMZN

Elon Musk Pushes For Privatization Of Postal Service And Amtrak: 'It Will Leave You With A Very Bad Impression Of America'

BBAR

Banco BBVA shares are trading lower after the company reported worse-than-expected Q4 financial results.

Deutsche Bank analyst Abhi Agarwal upgrades Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Hold to Buy and maintains the price target from $47 to $47.

Upgrades

Price Target

Analyst Ratings

Deutsche Bank Upgrades Freeport-McMoRan to Buy, Maintains Price Target to $47

CELZ

Creative Medical Technology Holdings Enters Agreements With Certain Warrant Holders For The Exercise Of Warrants, $3.7M Gross Proceeds

TORM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.60 by 28.33 percent. This is a 63.51 percent decrease over earnings of $2.11 per share from the same period last year. The company reported quarterly sales of $214.70 million which missed the analyst consensus estimate of $257.00 million by 16.46 percent. This is a 44.64 percent decrease over sales of $387.79 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

TORM Q4 EPS $0.77 Beats $0.60 Estimate, Sales $214.70M Miss $257.00M Estimate

CERO

CERo Therapeutics Executes Agreement With Contract Research Organization CellCarta To Manage Translational Assays For Phase 1 Clinical Trial  Of CER-1236 In Acute Myeloid Leukemia

Kodiak Gas Services shares are trading lower after the company reported worse-than-expected Q4 financial results.

B of A Securities analyst Bradley Sills maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Buy and lowers the price target from $420 to $286.

B of A Securities Maintains Buy on MongoDB, Lowers Price Target to $286

RGTI

Rigetti Computing shares are trading lower following a Q4 revenue miss.

Chardan Capital analyst Daniil Gataulin maintains Ocugen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) with a Buy and raises the price target from $6 to $7.

OCGN

Chardan Capital Maintains Buy on Ocugen, Raises Price Target to $7

Contracts

KTOS

Naval Air Systems Command Awards Kratos Additional $59.3M For BQM-177A Subsonic Aerial Target Systems

Management

Masco Corporation CEO Keith Allman To Retire, Jonathon Nudi To Be Appointed PREsident And CEO Effective Jul. 7

B of A Securities analyst Vivek Arya maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Buy and lowers the price target from $150 to $120.

MRVL

B of A Securities Maintains Buy on Marvell Tech, Lowers Price Target to $120

Macro Economic Events

Global

Economics

ECB Cuts Deposit Facility Rate From 2.75% To 2.5%, Cuts Refi Rate From 2.9% To 2.65%

Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) shares are trading higher in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket session on Thursday</a>.
The company reported fourth-quarter adjusted earnings per share of $4.13, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44161791/burlington-stores-inc-reports-fourth-quarter-and-full-year-2024-earnings" rel="noreferrer noopener">beating the street view of $3.76.</a>
Quarterly sales of $3.28 billion (+5% year over year) outpaced the analyst consensus estimate of $3.23 billion. Comparable store sales growth for the quarter was 6%, versus&nbsp;guidance&nbsp;of&nbsp;0%&nbsp;to&nbsp;2%.
&#8220;Taking 2024 as a whole, total sales increased 11%, comparable store sales increased 4%, and Adjusted EBIT Margin increased 100 basis points,&#8221; said Michael O&#8217;Sullivan, CEO.&nbsp;
The quarterly gross profit was $1.404 billion, up from $1.333 billion in the year-ago period. Gross margin expanded by 30 basis points to 42.9%, freight improved by 20 basis points, and merchandise margin increased by 10 basis points.
Adjusted EBITDA&nbsp;was $456 million in the quarter under review, higher than $412 million in the year-ago period.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/large-cap/25/03/44161401/rio-tintos-1-8-billion-iron-ore-expansion-ramps-up-in-australia-details" rel="noreferrer noopener"> Rio Tinto&#8217;s $1.8 Billion Iron Ore Expansion Ramps Up In Australia: Details</a>
&#8220;We opened 101 net new stores in 2024 and relocated 31 of our older oversized locations,&#8221; the CEO added.
The company ended the fourth quarter with $1.822 billion in liquidity, comprised of $995 million in unrestricted cash.
Outlook: &#8220;The outlook for 2025 is very uncertain and we will plan and manage our business accordingly,&#8221; the CEO said.
The company expects total sales to increase by 6% &#8211; 8%, on top of the 11% increase the prior year. The company sees adjusted EPS of $8.70 &#8211; $9.30 (estimate: $9.43).
Burlington expects first-quarter total sales to increase 5% &#8211; 7%, comparable store sales are expected to be flattish. The company sees adjusted EPS of $1.30 &#8211; $1.45 (estimate: $1.68).
Price Action: BURL shares are trading higher by 12.5% to $266.50 premarket at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/03/44161314/us-stocks-likely-to-open-lower-after-wednesdays-blip-be-patient-but-be-ready-to-act-says-analyst-as-market-uncertainties-can-create-opportunities" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower After Wednesday&#8217;s Blip: &#8216;Be Patient, But Be Ready To Act,&#8217; Says Analyst As Market Uncertainties Can Create &#8216;Opportunities&#8217;</a></li>
</ul>
Photo via Shutterstock.

Equities

Movers

General

BURL

Burlington Stock Jumps As Q4 Earnings Crush Estimates, But CEO Warns Of 'Uncertain' 2025 Outlook

RYAAY

Ryanair shares are trading lower after Morgan Stanley downgraded its rating on the stock from overweight to equal weight.

ADTX

Aditxt'ss Adimune Subsidiary To Ship Drug Substances For Final Drug Product Formulation Of ADI-100 Ahead Of Planned Trials For Type 1 Diabetes And Psoriasis In Germany And Stiff Person Syndrome At Mayo Clinic

B of A Securities analyst Peter Galbo maintains Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) with a Underperform and lowers the price target from $45 to $41.

B of A Securities Maintains Underperform on Campbell's, Lowers Price Target to $41

Press Releases

Grindr Announces Date of Third Quarter 2024 Financial Results Earnings Call

Grindr Inc. Reports Third Quarter 2024 Revenue Growth of 27%, Raises Revenue Guidance

Grindr to Participate in the Raymond James 2024 TMT & Consumer Conference

Roam For the Holidays: Grindr Offers Free Access to Their Popular Travel Feature

Grindr Unveils 2025 Product Roadmap, Including Six New Intent-Based Travel and AI Personalization Products

Grindr Inc. Expects to Beat 2024 Revenue Outlook and Announces Redemption of Warrants

Grindr Inc. Announces Redemption Fair Market Value in Connection with Redemption of its Outstanding Warrants

Grindr Announces Date of Fourth Quarter and Full Year 2024 Financial Results Earnings Call

Grindr to Participate in Upcoming Investor Conferences

Grindr Inc. Delivers 33% Full Year 2024 Revenue Growth

GRND

Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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