Trendy News : February 2019

Thursday, 28 February 2019

Tech earnings were ugly Wednesday night and the companies that reported are getting crushed

HP, Box and Booking shares all plummeted on Thursday after the companies reported quarterly results.

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JC Penney is about to report earnings. Here's everything you need to know

Penney, with new CEO Jill Soltau at the helm, is expected to have to shut more stores to get its business in healthier shape.

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AB InBev predicts strong growth after solid end to 2018

Anheuser-Busch InBev forecast strong revenue and profit growth in 2019, with a focus on increasing beer sales rather than just prices.

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HP Inc misses revenue estimates, shares plunge 12%

HP Inc. reported quarterly revenue that fell short of Wall Street estimates, due to weaker-than-expected sales in both its personal computer and printing businesses.

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Box plummets on revenue miss and weak guidance

Shares of Box fell after the company reported its Q4 2019 earnings.

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Fitbit shares plunge on weak first-quarter guidance

Fitbit shares dropped after the maker of fitness wearables provided a disappointing forecast.

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Shares of Victoria's Secret-owner L Brands plunge on weak forecast, mixed holiday results

L Brands, owner of Victoria's Secret and Bath & Body Work on Wednesday reported mixed holiday results that sent shares of the company down 9 percent.

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Square falls after reporting slower growth and weak Q1 earnings guidance

Square beat on the top and bottom line but reported weaker-than-expected first-quarter earnings guidance.

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Wednesday, 27 February 2019

TJX holiday quarter same-stores sales beat estimates

Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.

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Companies like Square and T-Mobile look to shake up normally boring earnings reports

Square and other companies are adapting to a more shareholder-friendly earnings presentation.

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Palo Alto Networks jumps on earnings beat

Palo Alto Networks shares rose after the company issued results from its fiscal second quarter that surpassed analysts' expectations.

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Best Buy shares soar 11% on earnings beat

Best Buy shares surged on Wednesday after the company reported earnings and sales for the holiday quarter that topped analysts' expectations.

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Rio Tinto posts best underlying earnings in four years, offloads cash

Rio Tinto beat expectations when it reported its highest annual underlying earnings since 2014 and announced a bumper dividend after a string of divestments.

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Lowe's shares dip as sales fall short of Wall Street expectations

Lowe's on Wednesday delivered a mixed earnings report for the fourth quarter, sending its shares slightly lower in premarket trading.

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Mylan quarterly profit, 2019 forecast miss Wall Street estimates

Generic drugmaker Mylan reported lower-than-expected fourth-quarter profit and forecast 2019 earnings well below Wall Street estimates.

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Weight Watchers craters 30% after disappointing Q4 results and a weak full-year forecast

Weight Watchers posted disappointing fourth-quarter results and a weak 2019 forecast as it tries to pivot from being a diet brand to becoming a wellness company.

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Papa John's earnings, revenue miss, as chain sees further North American sales declines in 2019

Papa John's International once again fell short of analysts' expectations for its fourth-quarter earnings and revenue — and the embattled pizza chain is forecasting more struggles ahead.

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Tuesday, 26 February 2019

Macy's earnings beat; new restructuring plan targets $100 million in annual cost savings

Macy's has already said it had a weak holiday season and that categories including women's sportswear, sleepwear, fashion jewelry, fashion watches and cosmetics underperformed.

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Home Depot shares fall on earnings miss

Home Depot reported earnings and sales for the fourth quarter that missed analysts' expectations.

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Monday, 25 February 2019

Etsy jumps after beating on earnings and revenue

Revenue for the fourth quarter grew 46.8 percent from the year-ago period.

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Friday, 22 February 2019

Roku shares are soaring on earnings beat and strong streaming growth

Roku reported fourth quarter 2018 earnings that beat analyst estimates and provided guidance in line or above expectations for 2019.

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Fidelity notches record profit and revenue despite a slowdown in stock markets

Fidelity's operating income rose 19 percent last year, while revenue increased 12 percent to a record $20.4 billion.

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Dropbox drops sharply after guidance disappoints

Dropbox beat estimates in the top and bottom lines and had more new paid users than expected. The stock moved lower after the company gave guidance.

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Thursday, 21 February 2019

Domino's shares plunge 8% after missing on earnings, revenue

Domino's on Thursday reported quarterly earnings and revenue that missed analysts' expectations.

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Wednesday, 20 February 2019

Garmin forecasts higher full-year revenue, shares rise

Garmin reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations.

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CVS Health posts mixed quarterly earnings results

CVS Health reports fourth-quarter earnings. The company closed its $70 billion acquisition of health insurer Aetna in November.

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Tuesday, 19 February 2019

Medtronic quarterly profit beats on strength in surgical products

Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.

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Walmart is set to report earnings before the bell. Here's what to expect

In addition to making big investments in grocery, Walmart has been focused on adding more products — like celebrity-inspired apparel and high-end camping gear — to its website to compete with Amazon.

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Tuesday, 12 February 2019

Under Armour shares jump on earnings beat

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Friday, 8 February 2019

Skechers surges 16% after 'a year of record sales' and strong guidance

Skechers stock rocketed higher after giving strong profit guidance for the quarter ahead while reporting better-than-expected fourth-quarter earnings Thursday evening.

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Hasbro shares tank as profit was slammed more than expected by Toys R Us liquidation

Shares of toy maker Hasbro plummeted more than 9 percent before the opening bell Friday after the company said it was more negatively impacted by the liquidation and closure of Toys R Us than it had forecast.

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Expedia profit falls as it faces a legal fight with United Airlines

Expedia boosted fourth-quarter revenue by selling more hotel rooms and airline tickets, but write-downs pushed profit down 69 percent, to $17 million.

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Mattel shares soar after strong Barbie sales fuel surprise profit

Shares of Barbie owner Mattel skyrocketed as much as 20 percent on Thursday, after the company reported better-than-expected fourth-quarter earnings and revenue after the closing bell.

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As earnings recession fears grip Wall Street, three experts weigh in on what's next

Fears of an earnings recession are cropping up in the market as company profits are expected decline for the first time in two years. Three experts weigh in on whether or not the markets can outlast earnings woes

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Thursday, 7 February 2019

Philip Morris International beats earnings, revenue expectations

Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts' expectations.

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Dunkin' shares drop after coffee chain focuses attention on espresso

Shares of Dunkin' Brands dropped 5 percent during pre-market trading Thursday after the company reported flat same-store sales growth, saying that it focused all of its attention during the quarter on rolling out espresso drinks in its stores.

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Coach owner Tapestry cuts forecast, and shares dive

Tapestry blamed falling tourist spending and a slowing global economy for a cut in its forecast for full-year adjusted profit on Thursday, as it reported disappointing holiday numbers and a fall in sales at Kate Spade handbags.

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Twitter to report earnings before the bell

Twitter is set to report its fourth quarter 2018 earnings results before the bell on Thursday.

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Match Group falls more than 4% after analyst says Tinder growth to slow 'substantially'

After recommending Match Group for years, Deutsche Bank has finally decided to "swipe left" on the online dating platform.

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Chipotle shares jump after company crushes earnings estimates, as turnaround pace picks up

Chipotle reported quarterly earnings and revenue that beat analysts' expectations, thanks to increasing foot traffic.

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Wednesday, 6 February 2019

Versace, Michael Kors parent company shares soar 9% on earnings beat

Capri Holdings CEO John Idol said the company expects to deliver both double-digit revenue and adjusted earnings-per-share growth for the full year.

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Gaming stocks are getting killed after earnings

EA and Take-Two Interactive both performed worse than expected during the holiday quarter.

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Eli Lilly cuts 2019 forecast on trial failure, Loxo deal

Eli Lilly cut its 2019 profit forecast on Wednesday, hit by a recent trial failure of conditionally approved cancer treatment Lartruvo and costs related to its pending acquisition of Loxo Oncology.

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General Motors reports earnings before the bell — here's what the Street expects

GM is in the midst of a plan to cut 14,000 jobs from its workforce. The automaker has said the cuts will save about $6 billion by 2020.

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Profit margins may be starting to erode because of rising costs

Already earnings season has seen many companies have cited increased costs as an issue, including Harley-Davidson, Caterpillar, Eastman Chemical, Fortune Brands Home and Ford.

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EA shares fall sharply on earnings — CEO says 'we did not perform to our expectations'

Shares of EA fell after the video game maker reported Q3 2019 earnings.

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Disney beats on earnings and revenue, reports streaming subscriber growth

The company is ramping up expansion of its streaming products, ESPN+ and Disney+.

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Snap soars as userbase stabilizes

Snap shares soared in after-hours trading on Tuesday after the company lowered losses, beat on revenue and stabilized its user base.

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Tuesday, 5 February 2019

The most important numbers from Alphabet's Q4 earnings report — and why they sent the stock down

A beat on the top and bottom lines would normally send a stock up, not down.

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Chart shows earnings trend that hasn't happened since bull market began

Bespoke Investment's Paul Hickey sees stocks rallying amid disappointing guidance as a bullish sign.

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Viacom misses quarterly revenue estimates

MTV and Comedy Central owner Viacom missed Wall Street estimates for quarterly revenue on Tuesday, weighed down by declines in domestic advertising sales.

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Analysts are sticking by Alphabet in the face of the stock drop. Here's what they had to say:

Analysts are sticking by Alphabet but want more transparency from the internet giant

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Profits in the first quarter are now expected to decline as company outlooks fall short

Consensus earnings growth expectations for the first quarter of 2019 have turned negative, which would mark the first decline since 2016.

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BP full-year profit beats expectations on strong oil and gas output

BP reported stronger-than-anticipated full-year profits on Tuesday, citing a strong operating performance across all business segments.

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Alphabet drops after revealing declining advertising prices and rising costs

Google continues to grow its "other revenues" segment, which includes its cloud business and hardware sales. But capex grew faster than expected and the company continues to face downward pressure on advertising prices.

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Monday, 4 February 2019

Alphabet reports earnings on Monday — investors want strong numbers amid ad threats from Amazon

Alphabet's costs to doing business have gotten steeper.

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Clorox shares jump 5% after earnings top expectations

Clorox jumped before the bell Monday morning after it reported second-quarter profits that topped Wall Street's expectations.

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US corporate earnings trend stokes concern about 2019 outlook

U.S. companies are beating analysts' expectations this earnings season, but S&P 500 companies are now barely expected to eke out a profit gain for the first quarter of 2019.

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