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3 Stocks to Buy After Post-Earnings Crashes
['Geoffrey Seiler', 'The Motley Fool', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Stocks are often volatile around earnings, and even the slightest misstep can sometimes lead to big sell-offs.
Sandisk (NASDAQ: SNDK), AppLovin (NASDAQ: APP), and Dutch Bros (NYSE: BROS) all crashed after earnings and now look like good long-term buys.
The results were driven by soaring NAND (flash) memory prices, which drove revenue growth and helped its gross margin expand from 26.2% last year to 84.6%.
It now has eight contracts with revenue floor pricing of $93.9 billion and $16.5 billion in financial guarantees.
AppLovinAppLovin is another company that saw robust revenue growth, but whose stock fell on high expectations.