Anthony Lee

Shares of dating app company Match (NASDAQ:MTCH) fell 9.6% in the morning session after the company reported first quarter earnings results. Its payers declined, and its revenue guidance for next quarter missed Wall Street's estimates. Despite the guidance miss, there were some bright spots. The company disclosed 50 million MAUs (monthly active users) for Tinder and is on pace to buy back nearly 10% of its shares when this year is said and done. In addition, revenue and EPS came in ahead of expectations during the quarter. The Tinder payer declines and weak guidance are what the market is homing in on, and this quarter's results and guidance weren't what we were looking for.

Shares of cross border payment processor Flywire (NASDAQ: FLYW) fell 22.8% in the morning session after the company reported first-quarter earnings results. Its full-year revenue guidance fell short and was lowered. Its free cash flow was down from the previous quarter. Moving on, its second-quarter revenue guidance implied a sequential revenue decline. Baked into the sales forecast are near-term headwinds due to foreign exchange impacts and a shift in expectations stemming from the Canadian education business. As a quick recap, during the previous earnings call, management noted that the delayed allocation of study permits to schools was likely to reduce applications, admissions decisions, and payments for many international students. On the other hand, revenue topped Wall Street's estimates. Overall, this was a disappointing quarter for Flywire.

Shares of office and call centre communications software provider RingCentral (NYSE:RNG) jumped 15.7% in the after-market session after the company reported first quarter results that beat analysts' billings, revenue and EPS expectations. Its gross margin improved and free cash flow was solid. Looking ahead, revenue guidance for the next quarter came in roughly inline with Wall Street's expectations. Zooming out, we think this was a decent quarter, showing that the company is staying on target.

Shares of residential swimming pool manufacturer Latham (NASDAQ:SWIM) jumped 25.4% in the afternoon session after the company reported first-quarter results that blew past analysts' revenue, adjusted EBITDA, and EPS expectations. However, revenue declined in absolute terms, and this was attributed to continued difficult economic conditions, lower backlog, and normalized seasonality. The weak demand partly explains the decline in-ground pool sales, which represents its largest operating segment. Despite these challenges, management reaffirmed full-year revenue guidance, highlighting the resilience to power through the difficult demand environment. Zooming out, we think this was a great quarter that shareholders will appreciate. After the initial pop the shares cooled down to $3.69, down 0.5% from previous close.

Personal care company The Honest Company (NASDAQ:HNST) reported Q1 CY2024 results topping analysts' expectations , with revenue up 3.4% year on year to $86.22 million. It made a GAAP loss of $0.01 per share, improving from its loss of $0.20 per share in the same quarter last year.

Online payroll and human resource software provider Paycor (NASDAQ:PYCR) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 15.8% year on year to $187 million. On the other hand, next quarter's revenue guidance of $161 million was less impressive, coming in 1.8% below analysts' estimates. It made a non-GAAP profit of $0.21 per share, improving from its profit of $0.18 per share in the same quarter last year.

Vocational education Universal Technical Institute (NYSE:UTI) reported Q1 CY2024 results topping analysts' expectations , with revenue up 12.4% year on year to $184.2 million. The company's full-year revenue guidance of $725 million at the midpoint also came in 1.3% above analysts' estimates. It made a GAAP profit of $0.14 per share, improving from its profit of $0.04 per share in the same quarter last year.

Gaming products and services provider Light & Wonder (NASDAQ:LNW) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 12.8% year on year to $756 million. It made a GAAP profit of $0.88 per share, improving from its profit of $0.24 per share in the same quarter last year.

Casual salad chain Sweetgreen (NYSE:SG) announced better-than-expected results in Q1 CY2024, with revenue up 26.2% year on year to $157.9 million. The company expects the full year's revenue to be around $667.5 million, in line with analysts' estimates. It made a GAAP loss of $0.23 per share, improving from its loss of $0.30 per share in the same quarter last year.

Media, broadcasting, and digital services company E.W. Scripps (NASDAQ:SSP) fell short of analysts' expectations in Q1 CY2024, with revenue up 6.4% year on year to $561.5 million.