Dr Lal PathLabs Limited on May 10 reported 52 percent jump in consolidated net profit at Rs 85 crore for the quarter ended 31 March, 2024. The company had reported a net profit of Rs 56 crore in the year-ago period. The company also recommended a final dividend of Rs 6 per equity share (@ 60% on a face value of Rs 10 each) for the financial year ended March 31, 2024.
Open FlipRivian Automotive (NASDAQ: RIVN) stock opened lower Wednesday after reporting earnings Tuesday night. News that the company still plans to produce 57,000 electric trucks this year and is cutting its costs failed to alleviate investor worries about Rivian's dwindling cash balance, as well as its continued inability to earn a profit.
Open FlipShares of Duolingo (NASDAQ: DUOL) took a dive like a wounded green owl on Thursday. The language-learning expert posted strong first-quarter results on Wednesday evening, but some investors wanted a stronger user-growth story, and others simply cashed in some paper profits. The stock fell as much as 21.4% just after the opening bell today, firming up at a 17% price drop around 2 p.m. ET.
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