In This Article:
Birkenstock (BIRK) shares are lower after posting fiscal first quarter earnings, with revenue rising 19% from a year earlier while missing direct-to-consumer revenue estimates.
UnitedHealthcare (UNH) is offering buyouts to employees in its benefits unit, with layoffs possible if the company doesn't meet its resignation quota.
Singaporean multinational technology company Grab Holdings (GRAB) saw a decline after missing fourth quarter operating income expectations, reporting $2 million instead of the anticipated $8 million (converted to USD), while offering weaker-than-expected full-year guidance.
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This post was written by Josh Lynch
We're taking a closer look at some trending tickers this morning and we're doing it in 30 seconds each. Let's go. First up, Birkenstock shares lower after posting first quarter earnings. It was a top and bottom line beat for the footwear company with revenue growing 19% from a year earlier, but direct to consumer revenue that fell well short of estimates. Shares are down 5%.
United Healthcare offering buyouts to some employees in its benefits unit if they quit by March 3rd. That's according to a report out from CNBC. Now sources telling CNBC that workers who don't accept will continue in their current role or a comparable position, but if the provider doesn't meet a resignation quota through buyouts, it will then conduct layoffs.
Finally, Grab Holdings, the Southeast Asian ride hailing and food delivery company falling after reporting weaker than expected full year guidance. The company CFO confirming to Dow Jones the guidance is conservative since it's early in the year. Grab did miss on operating income in the fourth quarter, reporting $2 million versus the $8 million plus that was expected.
