Nasdaq Rises by 200 Points as United Natural Foods Reports Positive Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: Benzinga
U.S. Stock Market Performance: U.S. stocks opened higher, with the Nasdaq Composite gaining approximately 200 points, while the Dow and S&P 500 also saw modest increases. Information technology shares rose by 1.3%, but energy stocks fell by 1%.
Earnings Reports: United Natural Foods Inc. reported better-than-expected first-quarter adjusted EPS of 56 cents, surpassing the analyst estimate of 41 cents, although its quarterly sales of $7.840 billion fell short of expectations.
Notable Stock Movements: Polyrizon Ltd. shares surged 110% after a manufacturing milestone announcement, while Eventbrite Inc. shares rose 78% due to an acquisition deal. Conversely, Janux Therapeutics Inc. shares plummeted 49% following updated interim data.
Global Market Trends: European shares mostly rose, with the eurozone's STOXX 600 up 0.2%, while Asian markets closed mixed, with Japan's Nikkei slightly up and China's Shanghai Composite down 0.42%. No major economic reports were scheduled for release.
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Analyst Views on FLYE
About FLYE
Fly-E Group, Inc. is an electric vehicle (EV) company, which is engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The Company has approximately 36 stores, including 35 retail stores in the United States and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. It also sells its products through its online store at flyebike.com. The Company offers 25 E-motorcycle products, 28 E-bike products and 37 E-scooter products. It has a diversified product portfolio that is designed to satisfy the various demands of its customers and address different urban travel scenarios. The Company has produced approximately 3,842 E-motorcycles, 5,713 E-bikes and 1,480 E-scooters. It sources vehicle components from China and the United States and then assembles them into its vehicles in a facility located in Maspeth, New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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