Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.
Companies Reporting Before The Bell • Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
The media industry has been flourishing recently, driven by the consumer shift toward over-the-top content. Thus, here is a look at some stocks in the industry that may flourish amid such an environment.
According to Benzinga Pro, during Q1, Reservoir Media (NASDAQ:RSVR) earned $16 thousand, a 99.78% increase from the preceding quarter. Reservoir Media's sales decreased to $24.28 million, a 30.87% change since Q4.
According to Benzinga Pro, during Q4, Reservoir Media (NASDAQ:RSVR) earned $7.73 million, a 225.34% increase from the preceding quarter. Reservoir Media also posted a total of $35.12 million in sales, a 29.47% increase since Q3.
Companies Reporting Before The Bell • Reservoir Media (NASDAQ:RSVR) is projected to report quarterly loss at $0.05 per share on revenue of $18.19 million.
Gainers
Y-mAbs Therapeutics, Inc. (NASDAQ: YMAB) surged 26% to close at $2.24. Y-mAbs reported completion of pre-BLA meeting with the FDA for Omburtamab.
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