Monday, 30 November 2020

Zoom's astronomical growth rate appears to be moderating; shares fall

Zoom saw revenue growth accelerate again in the most recent quarter. Now the company is expecting a slight slowdown.

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Tuesday, 24 November 2020

HP jumps on earnings beat and rising PC notebook sales

The company beat estimates and notebook PC sales grew even as total revenue declined.

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Gap shares tumble as earnings fall short, retailer 'remains optimistic' about the holidays

Gap reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old Navy and Athleta.

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Best Buy tops estimates on strong online sales, but shares fall on lack of holiday forecast

Despite its strong third quarter, Best Buy declined to provide an outlook because of the pandemic.

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Dick's Sporting Goods taps President Lauren Hobart as CEO, sales surge as consumers buy fitness gear

Dick's Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1.

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Thursday, 19 November 2020

Sonos stock rallies a day after earnings beat, reaches 52-week high

The speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations.

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Macy's shares fall as same-store sales drop more than 20%

Macy's reported a same-store sales decline of more than 20%, as consumers cut back their spending on clothes and accessories at department stores.

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Wednesday, 18 November 2020

Nvidia beats on both earnings and revenue, sales up 57%

Analysts had been expecting a big quarter from the Santa Clara chipmaker driven by sales of its graphics processing unit chips.

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Sonos soars after strong fiscal-year revenue forecast

In the fiscal fourth quarter, which ended on October 3, Sonos' revenue grew 16%, although the quarter was 14 weeks long.

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Lowe's shares tumble as earnings fall short, despite robust sales gains

The results from Lowe's come one day after its larger rival Home Depot reported third-quarter earnings that beat estimates.

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Target is set to report earnings before the bell — here's what to expect

As Americans spend more time at home, they have flocked to Target's same-day services like curbside pickup and home deliveries through Shipt.

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Tuesday, 17 November 2020

Kohl's sales fall 13% as shoppers shift spending away from apparel

Kohl's on Tuesday reported a 13.3% decline in quarterly sales, as the coronavirus pandemic limited the number of people visiting its stores to buy clothes, shoes and beauty items.

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Walmart is set to report earnings before the bell — here's what to expect

Walmart is set to report third-quarter earnings on Tuesday before the market as coronavirus cases rise and the holiday shopping season is underway.

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Home Depot is set to report earnings before the open — here's what to expect

Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the pandemic drives a wave of home improvement buying.

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Airbnb files to go public, turned a profit last quarter

Airbnb has released its prospectus to debut on public markets.

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Thursday, 12 November 2020

Disney shares rise after reporting 73 million paid Disney+ subscribers, losses not as drastic as expected

The company exceeded expectations on revenue and showed less drastic losses than anticipated.

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Cisco jumps more than 9% on earnings beat and strong forecast

Cisco's forecast suggests that it could end the four-quarter streak of revenue declines.

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Unity stock falls in first earnings since IPO after it reports loss

Unity Software's stock fell more than 6% in after-hours trading on Thursday as the company posted widening net losses in its third-quarter earnings. 

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Palantir stock drops even after company reports 52% sales growth in first earnings statement

Palantir held its highly-anticipated direct listing in September and is now trying to show investors it can expand its customer base.

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Monday, 9 November 2020

Friday, 6 November 2020

CVS Health raises 2020 earnings guidance as plan to offer wide range of medical services pays off

CVS reported a better-than-expected 3.5% jump in third-quarter revenue, as its plan to remake the drugstore chain into a health service company paid off.

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Thursday, 5 November 2020

Uber reports 18% revenue decline but says ride-hailing business is picking back up

Uber missed expectations on revenue and lost $1.09 billion during the quarter.

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Peloton shares fall despite earnings beat as bike maker warns of ongoing supply constraints

Peloton raised its financial outlook for fiscal 2021, now expecting to report $3.9 billion or more in total revenue.

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Zillow shares jump after online real estate company blows past estimates and provides optimistic forecast

Zillow continues to benefit from the movement towards remote work and low interest rates.

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Virgin Galactic's quarterly loss increases, plans next spaceflight test for late November

Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to finish its development program.

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General Motors shares jump after truck sales deliver big earnings beat in third quarter

If GM's third quarter was anything like its crosstown rivals, the automaker should outperform expectations.

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Wednesday, 4 November 2020

Qualcomm soars after sales and earnings beat expectations

Qualcomm has said it is well-placed to benefit from the rise of 5G networks and handsets.

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