Max Juang

Shares of beverage company Zevia (NYSE:ZVIA) fell 20.6% in the morning session after the company reported first-quarter results, with revenue falling below analysts' expectations. Management attributed the weak sales performance to a delay in the recovery of SKU level distribution at retailers as well as "fulfillment challenges we faced in 2023," leading to a 10% decline in volumes during the quarter. Looking ahead, Its revenue guidance for both the next quarter and the full year missed analysts' expectations. Overall, this was a mediocre quarter for Zevia PBC.

Shares of restaurant software platform Toast (NYSE:TOST) jumped 14.3% in the morning session after the company reported first quarter results with strong gross margin improvement. This powered other bottom-line metrics, with adjusted EBITDA and free cash flow coming in ahead of expectations. Key topline metrics, including ARR, billings, and revenue, all outperformed Wall Street's estimates. Notably, the topline strength was broad-based, with fintech, subscription, and hardware segment revenues all exceeding consensus. Overall, we think this was a really good quarter that should please shareholders.

Apple device management company, Jamf (NASDAQ:JAMF) beat analysts' expectations in Q1 CY2024, with revenue up 15.1% year on year to $152.1 million. The company expects next quarter's revenue to be around $151.5 million, in line with analysts' estimates. It made a non-GAAP profit of $0.14 per share, improving from its profit of $0.05 per share in the same quarter last year.

Casual sandwich chain Potbelly (NASDAQ:PBPB) reported Q1 CY2024 results beating Wall Street analysts' expectations , with revenue down 6% year on year to $111.2 million. It made a non-GAAP profit of $0.01 per share, down from its profit of $0.02 per share in the same quarter last year.

Mobile app advertising platform AppLovin (NASDAQ: APP) announced better-than-expected results in Q1 CY2024, with revenue up 47.9% year on year to $1.06 billion. It made a GAAP profit of $0.67 per share, improving from its loss of $0.01 per share in the same quarter last year.

The Cheesecake Factory (NASDAQ:CAKE) Posts Q1 Sales In Line With Estimates

Shares of real estate technology company Compass (NYSE:COMP) jumped 18.6% in the afternoon session after the company reported first quarter results that beat analysts' revenue and adjusted EBITDA expectations. Notably, the company recorded a 7.1% growth in transactions despite a 3.5% decline for the entire residential real estate market in the first quarter, as reported by the National Association of Realtors. Guidance was also encouraging as next quarter's revenue guidance came in higher than Wall Street's estimates. Overall, this was a solid quarter for Compass.

Why Airbnb (ABNB) Shares Are Getting Obliterated Today What Happened:

Online auto marketplace CarGurus (NASDAQ:CARG) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 7% year on year to $215.8 million.

Healthcare apparel company Figs (NYSE:FIGS) reported Q1 CY2024 results topping analysts' expectations , with revenue flat year on year at $119.3 million.