Trendy News : August 2018

Friday, 31 August 2018

Big Lots shares plummet 10% after earnings disappoint

The company's stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year.

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Lululemon shares soar as earnings, sales top expectations

The athletic apparel retailer also raises its profit and sales outlook for the full year.

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Gunmaker American Outdoor Brands jumps more than 20 percent after earnings beat

Shares of American Outdoor Brands Corporation jumped more than 20 percent after the bell on Thursday after the company reported earnings that beat Wall Street analysts' expectations.

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Thursday, 30 August 2018

Abercrombie & Fitch misses same-store sales estimates, shares fall

Abercrombie & Fitch missed quarterly same-store sales estimates on Thursday, hurt by lower demand for its namesake line of apparel for teenagers and Hollister brand of surfwear.

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Dollar General quarterly same-store sales top estimates

Dollar General's quarterly same-store sales topped analysts' estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain.

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Campbell Soup beats Wall Street earnings estimates, misses on revenue

Campbell is expected to announce the results of its previously announced "critical review"

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Wednesday, 29 August 2018

American Eagle Outfitters' profit outlook disappoints, shares slip

American Eagle Outfitters forecast third-quarter profit below expectations on Wednesday, partly due to lower-than-expected sales for its popular Aerie line of lingerie, sending its shares down nearly 8 percent.

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Dick's Sporting Goods' shares slide after missing second-quarter sales forecasts

Dick's Sporting Goods second-quarter sales missed Wall Street forecasts while comparable store sales also tumbled 4 percent, more than expected. The disappointing results were partly blamed on a change in Under Armour's distribution strategy.

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HPE rises on revenue growth

Hewlett Packard Enterprise said it grew revenue by 3.5 percent in its fiscal third quarter.

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Box falls after earnings on weak guidance

Box beat estimates for the fiscal second quarter, and CEO Aaron Levie said more improvements to its sales organization lie ahead.

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Tuesday, 28 August 2018

DSW shares skyrocket after retailer posts blowout earnings

Shares of DSW surge after the company posted quarterly results that easily topped analyst expectations.

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Best Buy earnings, sales top Wall Street expectations

The company also raised its full-year profit outlook, building on its strong performance during the first six months of the year.

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Jewelry retailer Tiffany shares surge after beating same-store sales estimates

Tiffany topped quarterly same-store estimates as the upscale retailer sold more jewelry in the Americas and Asia-Pacific regions.

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Friday, 24 August 2018

VMware results beat on cloud services growth

VMware's second-quarter profit and revenue beat analysts' estimates on Thursday, helped by strong demand for its cloud-based software services.

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HP beats on earnings, but stock slips after report

HP beat analysts' expectations for the fiscal third quarter, and guidance was in line with estimates.

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Fortnite's revenue is growing at its slowest pace ever but it is still beating out cable's top shows

"Fortnite" live streams are pulling in numbers that are bigger than some cable television shows.

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Gap's shares fall 7% as namesake brand sales disappoint

Sales at Gap brand stores open for more than a year fell 5 percent, bigger than the 2.55 percent fall anticipated by analysts, according to Thomson Reuters.

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Thursday, 23 August 2018

Synopsys earnings beat and strong forecast send shares on pace for record high

The maker of chip design software is benefiting from rising demand from semiconductor clients.

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Alibaba shares rally 3 percent as revenues surge 61 percent

Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, boosted by its core e-commerce business and fast-growing cloud division.

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L Brands falls after slashing profit forecast

Victoria's Secret has struggled as it has lost touch today's consumer, who craves comfort over sultry.

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Wednesday, 22 August 2018

Lowe's shares fall as second-quarter same-store sales miss Wall Street expectations

Lowe's on Wednesday reported second-quarter earnings and revenue that surpassed analysts' expectations, but same-store sales fell short and weren't nearly as strong as those of rival Home Depot.

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Target earnings are expected before the bell — here's what you need to know

Target has been focused on investing back into its business ever since it laid out a strategy at the start of last year to pour $7 billion into expanding its e-commerce platform and remodeling stores.

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