Stock Alert: Celsius Jumps 26% After Q1 Results

Shares of Celsius Holdings, Inc. (CELH), a provider of functional calorie-burning fitness beverages, are rising more than 26 percent or $1.43 in Tuesday’s morning trade at $6.90 after its first-quarter results beat analysts’ estimates. The stock has traded in a range of $3.06 to $7.14 in the past 52 weeks.

Tuesday, Celsius said it has moved many of its experiential off-line activations to digital and online platforms, driving a 167 percent increase in its average daily online sales volume compared to a year ago. In the first month of the second quarter, the company saw North America sales volume growth of about 38 percent over the prior year.

Celsius reported first-quarter net income of $546,000 or $0.01 per share, down sharply from $11.7 million or $0.19 per share in the year-ago period, which included a gain of $12.2 million related to the recognition of a note receivable. Revenue for the quarter surged 95 percent to $28.2 million from $14.5 million in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter on revenues of $23.36 million.

Stock Alert: Flavors & Fragrances Rises 6% On Upbeat Results

Shares of International Flavors & Fragrances Inc. (IFF), that makes flavors and fragrances for use in various consumer products, are rising more than 5% Tuesday after reporting upbeat first-quarter results.

The company is gaining during the coronavirus pandemic as the majority of its revenue comes from packaged food, beverage, and personal care and hygiene products.

Adjusted earnings of $1.62 per share beat the average estimate of analysts polled by Thomson Reuters at $1.59.

Net sales for the quarter increased 4% year-over-year to $1.35 billion. The consensus estimate was at $1.31 billion.

International Flavors & Fragrances stock is currently trading at $140.90. It has traded in the range of 92.14- $152.95 in the last 52 weeks.

Consumer prices drop 0.4% with core down record amount

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WASHINGTON (AP) — U.S. consumer prices fell 0.8% in April, the biggest drop since the 2008 financial crisis, with decreases led by a huge drop in gasoline prices and from businesses most affected by the coronavirus shutdowns.

The Labor Department reported Tuesday that that core prices, which exclude food and energy, fell 0.4% last month, the largest monthly decline in core prices on records that go back to 1957.

The 0.8% drop in overall prices followed a 0.4% drop in March. Gasoline prices fell 20.6% in April and contributed the most to the downward pressure on inflation. Apparel prices, airline fares and hotel and motel room charges all fell sharply last month.

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Over the past 12 months, overall prices are up just 0.3% while core inflation is up 1.4%. Both measures are well below the 2% target the Federal Reserve seeks to achieve for annual inflation.

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Stock Alert: SII-VI Jumps Nearly 30%

Shares of SII-VI Incorporated (IIVI) are currently up nearly 30% on Tuesday morning after the company reported third-quarter profit that topped Wall Street estimates. The company’s outlook for the fourth quarter is expected to beat current expectations.

IIVI is currently trading to $46.67, up $10.42 or 28.77%, on the Nasdaq.

Third-quarter net earnings were $5.9 million or $0.06 per share, compared to $24.6 million or $0.38 per share. On an adjusted basis, earnings were $0.47 per share, down from $0.60 per share last year.

Revenues for the quarter surged to $627.0 from $342.4 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.14 per share on revenues of $575.36 million. Analysts’ estimates typically exclude one-time items.

Looking forward to the fourth quarter, the company expects revenues of $650.0 million to $700.0 million and adjusted earnings of $0.50 to $0.70 per share. Analysts currently estimate earnings of $0.39 per share on revenues of $625.75 million.

Stock Alert: Datadog Climbs 13% On Upbeat Q1 Results

Shares of Datadog Inc. (DDOG) are gaining more than 13 percent or $7.50 in Tuesday’s morning trade at $63.19 after the company reported a turnaround to profit in the first quarter on strong revenue growth. The stock has traded in a range of $27.55 to $64.34 in the past 52 weeks.

New York-based Datadog is a provider of monitoring and analytics platform for software developers, IT operations teams, and business users in the cloud.

Monday, Datadog reported net income for the first quarter of $6.48 million or $0.02 per share, compared to net loss of $9.49 million or $0.12 per share in the year-ago period. Adjusted earnings for the quarter were $0.06 per share. Revenue for the quarter grew 87 percent to $131.25 million from $70.05 million in the year-ago period.

As of March 31, 2020, the company had 960 customers with annualized revenue run-rate or ARR of $100,000 or more, representing an increase of 89 percent from 508 as of March 31, 2019. It also surpassed 400 out-of-the-box supported integrations.

For the second quarter, Datadog forecasts revenue between $134 million and $136 million and adjusted earnings between $0.00 and $0.01 per share. For fiscal 2020, the company projects revenue between $555 million and $565 million as well as adjusted earnings between $0.02 and $0.06 per share.