Tuesday, 29 September 2020

Earnings season kicks off soon and results could be better than feared

Investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results.

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Thursday, 24 September 2020

Olive Garden parent's quarterly revenue falls by 28% as pandemic weighs on sales

Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter.

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Wednesday, 23 September 2020

Nike shares soar 13% as online sales jump 82%, retailer sees rebound in China

Parents were seen stocking up on sneakers for their kids this back-to-school season, and Nike's business finally started to pick back up overseas amid the coronavirus pandemic. 

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Stitch Fix shares plummet after personal styling service swings to a loss

The online personal styling service rebounded from supply chain challenges earlier during the coronavirus pandemic.

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The Croods: A New Age - Official Trailer

The Croods: A New Age - Official Trailer




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Wednesday, 16 September 2020

FedEx profit, revenue beat as pandemic drives e-commerce bounce

U.S. delivery firm FedEx reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments.

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Kraft Heinz targets $2 billion in cost cuts over 5 years, sees long-term organic net sales growth of 1% to 2%

Kraft Heinz also raised its third-quarter forecast for organic sales growth.

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Thursday, 10 September 2020

Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021

Peloton's fiscal fourth-quarter sales surged 172% to $607.1 million, the company announced Thursday, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. 

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Oracle's stock jumps as company returns to growth

The software maker delivered revenue growth even during the first full quarter of business during the coronavirus pandemic.

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Wednesday, 9 September 2020

Slack shares plunge as growth stays steady with no coronavirus spike

Slack's revenue grew at around 50% for the third consecutive quarter, and the company reported more paying customers than analysts had expected.

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Lululemon quarterly sales top expectations, CEO 'cautiously optimistic' for rest of 2020

CEO Calvin McDonald said the retailer is "cautiously optimistic" about the rest of the year. Lululemon is not offering a 2020 outlook at this time. 

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Thursday, 3 September 2020

Quicken Loans parent swings to profit in first results since IPO

Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower interest rates.

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Wednesday, 2 September 2020