Previous close | 5.30 |
Open | 9.40 |
Bid | 12.70 |
Ask | 15.30 |
Strike | 25.00 |
Expiry date | 2024-05-17 |
Day's range | 9.40 - 14.00 |
Contract range | N/A |
Volume | |
Open interest | 99 |
Beyond Meat stock tumbled on its earnings miss, falling demand. Vital Farms rallies on results, hiked outlook.
Shares of egg and butter company Vital Farms (NASDAQ:VITL) jumped 27.2% in the morning session after the company reported a "beat and raise" quarter. Vital Farms blew past analysts' revenue and EPS expectations. It raised its full-year guidance, showing that things are going better for the company than just three months ago when it previously gave financial guidance. Zooming out, we think this was a fantastic quarter that should have shareholders cheering.
Vital Farms (VITL) delivered earnings and revenue surprises of 86.96% and 5.77%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?