Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company's new strategy will take longer to pay off than originally expected.
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Friday, 29 March 2019
DowDupont cuts its sales forecast as Midwest floods hit its agri division
DowDuPont cut its forecast for first-quarter sales on Thursday, citing the impact of U.S. Midwest floods on its agri business as well as weakness in its packaging and specialty plastics division.
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Thursday, 28 March 2019
Accenture tops second-quarter estimates, raises profit forecast
Accenture on Thursday raised its full-year profit forecast after reporting better-than-expected second-quarter earnings, benefiting from its investments in digital and cloud services.
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PVH forecasts 2019 above estimates on Tommy Hilfiger boost
Apparel maker PVH on Wednesday forecast full-year adjusted profit and sales above Wall Street expectations, banking on higher demand for its Tommy Hilfiger branded apparels and accessories.
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Lululemon shares soar 10% as strong holiday sales fuel earnings beat
Lululemon shares soared 9 percent after the market closed Wednesday as fiscal fourth-quarter earnings and sales outpaced analyst estimates.
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Wednesday, 27 March 2019
Southwest cuts revenue outlook on Boeing 737 Max groundings, shares slide
Southwest Airlines shares slide after airline cuts its revenue outlook following the grounding of its Boeing 737 Max planes and raised its cost outlook.
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Homebuilder Lennar's quarterly profit jumps 76%
Lennar, the second-largest U.S. homebuilder, posted a surge in quarterly profit, as easing mortgage rates boosted homebuyer appetite.
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Tuesday, 26 March 2019
Shares of Canadian pot company Cronos slide after revenue disappoints
Shares of Canadian pot company Cronos slid 5 percent Tuesday after reporting disappointing fourth-quarter revenue.
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Samsung warns first-quarter earnings will fall short of expectations
Samsung, the world's largest smartphone maker, says it is due to weak memory and display business.
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WeWork says revenue more than doubled last year to $1.8 billion, but so did its net loss
WeWork is growing rapidly as it expands co-working spaces into more cities, but it's a very costly business.
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Friday, 22 March 2019
Tiffany's holiday-quarter sales miss expectations
Tiffany on Friday reported a 1 percent drop in sales during the holiday quarter, citing "external challenges and uncertainties."
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Thursday, 21 March 2019
Nike shares fall after North American sales growth disappoints
Nike's momentum continues overseas, as it still looks for pockets of growth in North America, like women's apparel.
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Guess shares tumble on earnings shortfall as Levi Strauss IPO looms
Shares of clothing company Guess tanked nearly 14 percent in the premarket Thursday after reporting earnings that missed analyst expectations.
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Shares of Olive Garden parent Darden jump after earnings, revenue beat
Darden Restaurants, Olive Garden's parent company, reported earnings Thursday before the bell.
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Micron says memory chip recovery is coming later in the year, sending shares higher
Micron Technology said it sees a recovery in the memory chip market coming and reported a quarterly profit that beat estimates as cost controls helped offset falling demand and prices.
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South Korean semiconductor stocks surge on the back of Micron earnings
Shares of semiconductors companies in South Korea soared during Thursday's trading session after earnings results from Micron.
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Wednesday, 20 March 2019
General Mills stock jumps after earnings beat and raised outlook
Shares of General Mills jumped 4 percent during premarket trading Wednesday after the company reported earnings.
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Tencent Music's first earnings report exposes soaring licence and production costs
Chinese streaming firm Tencent Music delivered its first earnings report as a public company, meeting market expectations but exposing soaring licence and content production costs.
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BMW issued a bleak 2019 profit warning and launched a $13.6 billion cost-cutting plan
BMW said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping $13.6 billion cost savings and efficiency plan.
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FedEx just warned the whole globe is slowing
A top executive at FedEx is flagging serious concerns in the global economy.
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FedEx misses on earnings and slashes full-year guidance, citing slowing global trade — stock falls
FedEx issued weak full-year 2019 earnings guidance, the second time it has slashed its outlook since December.
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Friday, 15 March 2019
Ulta Beauty climb after earnings, revenue top expectations
Shares of Ulta Beauty jumped following the release of the beauty company's better-than-expected fourth-quarter earnings.
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Thursday, 14 March 2019
Dollar General beats quarterly same-store sales estimates and raises its dividend
Dollar General reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores.
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GE shares drop after troubled conglomerate gives 2019 earnings forecast much lower than estimates
General Electric gave shareholders an updated earnings forecast on Thursday.
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Cloud company MongoDB soars after crushing earnings
The company saw a massive boon from revenue in its Atlas segment, its fully managed cloud database product.
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Cloudera plummets on a disappointing forecast
Cloudera fell sharply after reporting worse-than-expected earnings for its fiscal fourth quarter
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Wednesday, 13 March 2019
Goldman: Tesla's earnings and deliveries likely to disappoint this quarter so sell the stock
Goldman's 12-month price target is $210, representing a 25 percent drop from here.
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Tuesday, 12 March 2019
Stitch Fix stock soars 20% after earnings beat
Shares of Stitch Fix soared as much as 20 percent in extended trading Monday following the release of the online personal styling company's strong second-quarter earnings.
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Home security firm ADT's outlook disappoints, shares sink 10%
ADT reported a quarterly loss and forecast 2019 revenue below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings.
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Friday, 8 March 2019
Eventbrite lost one-third of its value after revealing merger struggles, now trading below IPO price
The plunge marks a 43 percent drop from the stock's all-time high.
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Eventbrite crashes 25% after giving weak revenue guidance
The company said it sees first-quarter revenue between $80 million and $84 million. That's far short of the $91 million analysts polled by Refinitiv had forecast.
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Shares of LaCroix maker National Beverage crater 16% after blaming poor earnings on 'injustice'
Shares of National Beverage Corp., the maker of popular seltzer water LaCroix, skidded 16 percent after the company blamed a drop in sales and profit on "injustice."
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Costco beats profit estimates as margin pressures ease, shares rise
Costco Wholesale whizzed past analysts' estimates for quarterly profit as the warehouse club operator's margins were lifted by a drop in gas prices and a shift to lower-cost sourcing.
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Thursday, 7 March 2019
Barnes & Noble shares tank 11% on disappointing holiday sales
Shares of Barnes & Noble fell more than 11 percent in premarket trading after the company reported third-quarter earnings Thursday that missed analysts' expectations.
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American Eagle forecasts profit below estimates; shares slide
American Eagle Outfitters forecast current-quarter profit below analysts' estimates on Wednesday as the apparel maker spends more on advertising and new Aerie store openings.
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Wednesday, 6 March 2019
Exxon Mobil says its profit and cash flow outlook is better than it was last year
Exxon Mobil expects profit to grow by $4 billion this year and forecasts its earnings potential through 2025 is better than previously forecast.
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Urban Outfitters starts 2019 on frosty note, shares slip
Urban Outfitters said the year had started off weaker than expected, placing the blame on colder weather and "costly mistakes" in the spring fashion lines of its various brands.
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Tuesday, 5 March 2019
Cosmetics company Revlon plunges 18% after data show sales decline
Revlon shares plunged more than 18 percent Tuesday after new data showed a steep sales deceleration at the multinational cosmetics company.
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Kohl's shares jump on better-than-expected profit, sales during crucial holiday shopping season
Kohl's shares jumped Tuesday after the company reported better-than-expected earnings and revenue during the fourth quarter.
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Target earnings, revenue top expectations
Target saw a surge of shoppers head to its stores and website during the 2018 holiday season, a sign that its investments in store remodels and delivery services are paying off.
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Salesforce shares slide on disappointing earnings and revenue forecast
Salesforce beat expectations for its fiscal fourth quarter, but its guidance for the next quarter was below what analysts were anticipating.
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Friday, 1 March 2019
Foot Locker rallies more than 12% after same-store sales and profit crush estimates
Foot Locker shares soared 12 percent Friday after the shoe company reported same-store sales growth that more than doubled expectations.
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Dell beats revenue estimates in first report as public company
Dell Technologies topped Street estimates for quarterly revenue in the computer maker's first earnings report since a return to public markets.
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Marriott's revenue, full-year forecast miss estimates on weak demand
Marriott on Thursday missed Wall Street estimates for quarterly revenue and forecast a lower-than-expected full-year profit, blaming weak demand in North America, its its largest market.
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Nordstrom profit beats Wall Street, helped by discount stores
Nordstrom reported better-than-expected quarterly profit but missed Wall Street's sales estimates, as customers bought more merchandise at its off-price stores and less at its full-price stores.
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Nutanix plunges 25 percent on a sales forecast that's way below estimates
Cloud company Nutanix fell after reporting its second quarter 2019 earnings.
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