Monday, 30 August 2021

Zoom shares slide 10% on slowing growth

Zoom's full-year revenue guidance came in right where analysts expected. The earnings forecast is what was strong.

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Thursday, 26 August 2021

Peloton shares fall after cycle maker posts disappointing earnings and outlook; cuts Bike price

Peloton reported Thursday that revenue growth in its fiscal fourth quarter tapered off dramatically from the prior quarter.

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Wednesday, 25 August 2021

Ulta shares rise after beauty retailer posts 60% gain in revenue, as makeup sales recover

Shares of Ulta Beauty rose in extended trading after the retailer posted second-quarter results that topped analyst expectations on the top and bottom lines.

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Salesforce raises full-year earnings guidance following Slack acquisition

Salesforce will gain $530 million in revenue in the current fiscal year thanks to a contribution from Slack, an $27.7 billion acquisition that closed in July.

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Dick's Sporting Goods shares rise after second-quarter sales surge 21%, retailer raises forecast

The big-box retailer's sales have soared during the pandemic, as customers have bought workout clothes, sneakers, golf clubs and other outdoor equipment.

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Eyeglass retailer Warby Parker in IPO filing reveals rising sales—but also widening losses

The brand, which is best known for selling lower-priced, fashion-forward prescription glasses, is preparing to debut on Wall Street.

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Tuesday, 24 August 2021

Nordstrom earnings beat, retailer raises forecast, but shares fall as sales still below 2019 levels

Nordstrom reported fiscal second-quarter profit and sales that topped analysts' estimates.

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Best Buy shares rise on earnings beat, retailer says consumers are upgrading tech to work at home

The consumer electronics retailer said it has benefited from a healthy consumer, government stimulus and permanent lifestyle changes.

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Friday, 20 August 2021

Foot Locker shares soar on huge earnings beat and on retailer's optimism for 2H

Foot Locker crushed fiscal second-quarter earnings estimates and voiced optimism about the back half of the year.

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Victoria's Secret shares tumble, Bath & Body Works rises after first post-split earnings reports

Victoria's Secret said its sales have yet to return to pre-pandemic levels, while Bath & Body Works is optimistic about its fall and holiday lineup.

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Thursday, 19 August 2021

Kohl's earnings top estimates, retailer raises forecast as higher foot traffic drives sales

Kohl's said its higher forecast positions the department store to achieve many of its 2023 strategic goals this year, well ahead of our plan.

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Macy's shares jump as earnings trounce estimates, retailer says it's gaining new customers online

Macy's on Thursday reported fiscal second-quarter profit and revenue that topped analysts' estimates.

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Wednesday, 18 August 2021

Robinhood revenue doubles for second quarter, but shares fall after app warns trading is slowing

Robinhood reported second-quarter earnings after the bell on Wednesday, in its first report since going public.

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Robinhood says dogecoin accounted for 62% of crypto revenue in Q2 as meme-inspired currency soared

Robinhood, which derives significant revenue from crypto trading, announced earnings on Wednesday for the first time since its IPO last month.

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Nvidia beats earnings expectations, but cryptocurrency chip sales falter

Nvidia's cryptocurrency chip products, CMP, had lower sales than the company predicted in May.

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Cisco delivers slight beat as revenue grows 8%

Cisco called for 5% to 7% growth in the new fiscal year, after supply constraints cut into sales of data center hardware such as ethernet switches.

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Lowe's earnings beat estimates, as home professionals help drive growth

The home improvement retailer has reported eye-popping growth during the pandemic.

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Target earnings top estimates, retailer raises forecast as back-to-school spending kicks in

The big-box retailer faces tough comparisons with year-ago quarter when its comparable sales growth hit an all-time high.

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Tuesday, 17 August 2021

Walmart is set to report earnings before the bell

The discounter is lapping a three-month period when it benefited from stimulus checks but lost ground to rival grocers.

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Home Depot shares tumble despite earnings beat, retailer rang up fewer customers as DIY trends weaken

Home Depot beat analysts' estimates for its fiscal second-quarter profit and sales as fewer customers visited its stores but those who did spent more per trip.

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Chinese electric scooter company Niu shakes off pandemic slump and predicts strong sales ahead

Niu said Monday that revenue grew by 46.5% in the second quarter, and forecast it would grow at about the same pace — or better — in the third quarter.

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Monday, 16 August 2021

Retailers begin reporting this week, but the delta variant is a big wild card

Big retailers get their time to shine as they report earnings this week. The question is whether they can maintain momentum through the rest of 2021.

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Thursday, 12 August 2021

Airbnb revenues jumped 300% but the company is warning about delta

Airbnb's revenue came in at $1.34 billion, up nearly 300% year-over-year.

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Disney set to report fiscal third-quarter earnings after the bell

Disney reports fiscal third-quarter earnings after the bell Thursday.

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Palantir revenue jumps 49% in second quarter

Palantir's business has gotten a boost from the pandemic and it recently extended contracts with government health agencies.

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Chinese Tesla rival Nio narrows losses as revenue surges 127%

Amid the global chip shortage, the Nio CEO said the firm has been "working closely" with its partners to "improve the overall supply chain production capacity."

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Tuesday, 10 August 2021

Doximity shares jump after digital health company says revenue doubled in first report since IPO

Doximity said revenue in the fiscal first quarter climbed to $72.7 million from $36.4 million a year earlier.

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Coinbase profits surge following volatile stretch of cryptocurrency trading

While the company offered no formal guidance, it did say trading volume will be lower in the third quarter compared to Q2.

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Monday, 9 August 2021

AMC posts narrower-than-expected loss, but CEO warns theater chain 'isn't out of the woods yet'

Shares of AMC Entertainment rose after the company posted a narrower-than-expected loss during the second quarter.

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Saturday, 7 August 2021

Berkshire Hathaway's operating earnings jump 21% as recovering economy boosts railroad, energy units

The conglomerate reported operating earnings of $6.686 billion, up 21% from $5.513 billion a year ago,

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Friday, 6 August 2021

Norwegian Cruise Line posts mixed results ahead of first U.S. voyage since last year

Norwegian Cruise Line reported mixed second-quarter results on Friday as future bookings remained strong ahead of its first cruise in the U.S. since last year.

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Huawei chairman says the ‘aim is to survive’ as revenue slides 29%

The chairman of Huawei said the Chinese technology company's "aim is to survive" as revenue fell almost 30% in the first half of the year.

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The world's largest container shipping firm posts soaring second-quarter earnings

Maersk has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue to drive up shipping rates.

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Thursday, 5 August 2021

Cloud stocks soar to fresh records as Datadog's results help boost Cloudflare and Asana

Datadog shares jumped 15% on Thursday on better-than-expected results, helping push other cloud stocks to all-time highs.

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Novavax delays Covid vaccine emergency authorization submission to FDA until fourth quarter



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Virgin Galactic reopens ticket sales, with next spaceflight test targeting late September

Virgin Galactic delivered second-quarter results after the market closed on Thursday.

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Beyond Meat loss widens amid higher costs, shares fall as pandemic clouds outlook

Beyond Meat shares fell in extended trading after the company reported a wider-than-expected loss for its second quarter.

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Wayfair shares rise after earnings top estimates and sales stay above pre-pandemic levels

Online furniture retailer Wayfair reported second-quarter earnings that topped estimates with sales remaining above pre-pandemic levels.

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Moderna says its Covid vaccine booster produced ‘robust’ immune response against delta

Moderna said its Covid-19 vaccine booster shot produced a "robust" antibody response against the highly contagious delta variant.

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Singapore's largest bank reports 37% on-year jump in second-quarter profit, beats expectations

DBS Group Holdings' net profit for the April-to-June quarter jumped 37% from a year ago to 1.7 billion Singapore dollars ($1.26 billion).

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Adidas raises outlook despite falling sales in China as boycott there continues

The German sportswear giant increased its outlook for the year, despite a drop in sales in Greater China.

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Wednesday, 4 August 2021

Etsy stock plunges as weak guidance suggests pandemic e-commerce boom is stalling

Etsy and other digital retailers have benefited greatly from the Covid-19 pandemic, which pushed consumers to shop online in order to avoid spreading the virus.

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Roku stock sinks after reporting tight hardware margins, dramatic fall in streaming viewership



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Uber beats estimates, but core business lost $509 million in Q2

Uber reaffirmed its expectation to reach profitability on an adjusted EBITDA basis by the end of this year.

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Budget carrier Frontier says delta variant drives bookings lower

Budget airline Frontier says the delta variant is driving down bookings.

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A 'roaring era' for concerts and live events is coming, says Live Nation CEO

Live Nation's Ticketmaster just had one of its best months ever in North America, a sign that audiences are ready to venture outside the home.

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Royal Caribbean shares fall as cruise line posts wider-than-expected loss, disappointing revenue

Royal Caribbean reported second-quarter results with a wider-than-expected loss and a disappointing revenue.

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General Motors misses Wall Street second-quarter earnings expectations, raises 2021 guidance

GM has projected better-than-expected results in the second quarter despite the industrywide impact of the semiconductor shortage.

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CVS Health raises forecast for year, tops analyst estimates with strong second-quarter sales



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Germany’s Commerzbank reports second-quarter loss as restructuring, write-off charges bite

Commerzbank on Wednesday reported a net second-quarter loss due to restructuring costs and an exceptional write-off to an outsourcing project.

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Synthetic biology company Zymergen plunges 68% after saying product revenue will be 'immaterial' in 2022, removing CEO

Three months after its IPO, Zymergen is warning investors that revenue is much further out than expected.

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Tuesday, 3 August 2021

Lyft revenue grows 125% from last year

The company also beat analyst expectations when it came to active riders.

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Nikola reports narrower-than-expected loss during second quarter

The results come five days after a federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud.

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SolarEdge shares surge after quarterly earnings top estimates

The residential solar power company’s shares gained on Tuesday morning following strong quarterly results.

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Under Armour shares surge as earnings top estimates, retailer hikes outlook

Under Armour reported Tuesday fiscal second-quarter profit and sales that topped analysts' estimates.

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Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit

Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program.

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France's Societe Generale beats profit forecast in second quarter as retail banking returns

Societe Generale has beaten expectations in the second quarter due to a bounce back in retail banking and fewer loan defaults.

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Monday, 2 August 2021

HSBC’s reported pre-tax profit more than doubles to $10.8 billion in first half of 2021

HSBC shares in Hong Kong jumped more than 3% following earnings release.

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