Earnings

Tiffany shares bounced back Friday morning after management touted growth opportunities for the retailer, despite it reporting a 1 percent drop in sales worldwide during the holiday quarter, calling out “external challenges and uncertainties.” Its stock initially fell. But it was last up more than 3 percent following Tiffany’s earnings release, as its CEO soothed
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Nike shares tumbled Thursday following the sneaker maker reporting weaker-than-expected sales in North America during its fiscal third quarter, hurt, in part, by fewer people buying Converse-branded merchandise. Although its earnings topped analysts’ expectations, and total revenue was in-line with estimates, Nike shares sunk more than 4 percent after the bell on the news. The
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Growing trade tensions between the U.S. and China, coupled with nagging concerns about the Chinese economy have rattled confidence in some of the industry’s key players. Soft iPhone sales, along with a deceleration in cryptocurrency mining ventures, further fed investor anxiety surrounding weakened demand. Looking ahead, Credit Suisse’s Nigam said investors should focus on supply-side
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FedEx reported weaker-than-expected third-quarter earnings and revenue after the closing bell on Tuesday, and cut its full-year guidance. Shares fell more than 4 percent in after-hours trading. Despite a strong U.S. economy, FedEx said its international business weakened during the second quarter, especially in Europe. FedEx Express international was down due primarily to higher growth
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The company said it expects fiscal fourth-quarter earnings per share between $4.58 and $5.38, compared to the estimated $5.39. “Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue,” said Alan B. Graf Jr., FedEx executive vice president and chief financial officer.
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Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta shares were up nearly 4 percent in premarket trading early Friday. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according
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Michael Nagle | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Cloudera plummeted as much as 15 percent in extended trading on Wednesday after the developer of software for managing
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Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. Shares were up more than 18 percent in extended trading, exceeding $120 per share. Here’s how the company did compared with Wall Street estimates: Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus
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Goldman Sachs told clients to stay away from Tesla shares, predicting significant downside in the wake of weaker-than-expected demand for its electric vehicles and rushed decisions by management. “We maintain our sell rating, and now expect 1Q19 deliveries/earnings to disappoint,” analyst David Tamberrino said in a note to clients Wednesday. Tamberrino’s 12-month price target is
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ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest. ADT’s shares fell more than 10 percent in after-hours trading. Security products such as Google Nest, SimpliSafe and Frontpoint can be self-installed, have a lower monthly fee
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Shares of Stitch Fix are soaring more than 30 percent Tuesday, on pace for its best day ever, after the personal styling company reported better-than-expected second-quarter earnings after the bell Monday. “We had 6 percent higher net revenue per client than we did a year ago,” Stitch Fix founder and CEO Katrina Lake told CNBC’s
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Brendan McDermid | Reuters Eventbrite CEO Julia Hartz speaks during an interview with CNBC following the company’s IPO at the New York Stock Exchange (NYSE), September 20, 2018.  Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84
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Shares of Barnes & Noble slid more than 11 percent in premarket trading Thursday after the company reported flat sales during the crucial holiday season and warned investors that its full-year earnings will be weaker than previously estimated. Barnes & Noble lowered its earnings guidance for the rest of fiscal 2019, saying it expects fiscal
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Investors did not like what Kroger had to say Thursday when it released weaker-than-expected fiscal fourth-quarter earnings that showed a drop in profit as the company struggles to compete against retail giants Walmart and Amazon. The grocer’s shares fell 12 percent — erasing about $2.8 billion in market value — after the company missed Wall
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Kohl’s shares jumped 5 percent in premarket trading Tuesday after the company reported better-than-expected earnings and sales during the crucial holiday shopping season. Sales at stores open for at least 12 months were also surprisingly improved, rising 1 percent during the fiscal fourth quarter ended Feb. 2 over the same period the previous year. Analysts
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Adam Galica | CNBC Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Salesforce stock fell as much as 4 percent in extended trading on Monday after the cloud software company delivered weaker-than-expected earnings and revenue guidance. Here are the key numbers for the fourth quarter: Earnings: 70
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