Thursday, 26 September 2019

Rite Aid jumped about 9% after reporting better-than-expected earnings

Rite Aid's stock surged in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan.

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Wednesday, 25 September 2019

Credit Suisse says Netflix earnings are likely going to disappoint

Credit Suisse just joined a slew of analysts worried about Netflix's earnings.

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Nike on pace to hit all-time high after the company's earnings 'crushed it'

Investors are rallying behind Nike's continued sales growth, as investments in designing new high-tech sneakers and fashion-forward apparel, adding Nike stores and selling less products in discount outlets are clearly paying off.

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Best Buy sees fiscal 2020 revenue of $43.1 billion to $43.6 billion, targets $1 billion in cost cuts

Last month, Best Buy's second-quarter profits topped analysts expectations, but sales came up short.

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Nike shares hit all-time high as new products drive sales, earnings top expectations

Nike on Tuesday reported quarterly earnings and sales that topped analysts' expectations, as investments it's made to sell more directly to customers showed signs of paying off.

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Tuesday, 24 September 2019

BlackBerry shares tumble nearly 12% on lower outlook, revenue miss

Canada's BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue.

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Thursday, 19 September 2019

Weak snacks demand, international challenges hit General Mills sales

Cheerios maker General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday.

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Wednesday, 18 September 2019

TransferWise, the $3.5 billion fintech firm backed by Peter Thiel, posts its third year of profit

TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.

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Chewy shares slide despite narrower-than-expected second quarter loss

The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.

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Adobe shares fall on soft guidance

Adobe's quarterly guidance was light, but the stock still went up after its fiscal third quarter results beat expectations.

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FedEx falls 9% after missing on earnings, lowering 2020 guidance

In August, FedEx announced it was ending its ground delivery contract with Amazon.

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Thursday, 12 September 2019

Oracle CEO Mark Hurd to take a leave of absence for health reasons

Oracle's Mark Hurd, who was hired by founder Larry Ellison in 2010, is taking a leave of absence, the company said on Wednesday.

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Wednesday, 11 September 2019

GameStop shares tank after earnings miss, cuts sales forecast

Shares of GameStop tanked after the company reported second quarter earnings and sales that missed analysts' expectations.

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Friday, 6 September 2019

DocuSign rises 19% on revenue beat and strong guidance

The enterprise cloud company beat analyst expectations on revenue and provided strong guidance for the next quarter and full fiscal year.

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Lululemon is rallying on earnings, and history points to another 17% surge ahead

Lululemon has done some heavy lifting this year. Two traders discuss whether there are more highs ahead.

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High-flying IPOs Crowdstrike, Zoom, and Medallia shares tank after quarterly results

Three of Wall Street's top-performing IPO stocks in 2019 tumbled after the companies' quarterly results failed to satisfy investors and justify their high valuations.

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Lululemon shares rise as growth in men's sales drives earnings beat

Lululemon in April said it plans to double its men's and online sales over the next five years, targeting annual revenue growth in the low teens during that time.

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Thursday, 5 September 2019

Slack plunges after posting first earnings report since going public

Slack's revenue got impacted in its first earnings report as a public company by service issues that caused the company to offer credits to customers.

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Wednesday, 4 September 2019

JetBlue slides after lowering guidance on Dorian impact, demand concerns

JetBlue says a key revenue metric might contract in the third quarter, partially due to the impact of Hurricane Dorian.

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