Earnings

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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Luke Sharrett | Bloomberg | Getty Images A Dollar General store in Scottsville, Kentucky. Dollar General forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent. Dollar General has spent the last year remodeling stores, adding
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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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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 13 percent 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 earnings before taxes
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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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The hotel operator’s worldwide RevPAR growth of 1.3 percent in the fourth quarter missed analysts’ expectations of 2.04 percent. RevPAR is calculated by multiplying a hotel’s average daily room rate by its occupancy rate. The world’s largest hotel chain lowered its full-year worldwide revPAR forecast between 1 percent and 3 percent, from a previously announced
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Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.
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