Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv. Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor


Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500.
Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.
Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth.
Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor
Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019.

Check out the companies making headlines in midday trading:

Uber Technologies — Shares of Uber slid 2% after the ride-hailing company said more than 3,000 sexual assaults occurred during rides last year in the United States alone. This finding was revealed as part of the company’s first-ever U.S. Safety Report, which was released on Thursday.

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. The firm said that this best case scenario could result if the recently unveiled Cybertruck is successful, and if the new factory in China tops expectations. Morgan Stanley’s “base case” price target for the stock remains $250.

Ulta Beauty — Shares of the cosmetics company surged more than 13% after beating quarterly profit estimates, driven by sales of higher-margin cosmetics products. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.

Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Zoom’s revenue of $166.6 million represents annualized growth of 85%. That’s less growth than in the previous quarter, when sales grew by 96%.

DocuSign — DocuSign shares climbed more than 7% after the digital signature software company posted quarterly results that beat analyst expectations. The company posted an adjusted profit of 11 cents a share on revenue of $249.5 million. Analysts polled by Refinitiv expected earnings per share of 3 cents on revenue of $239.9 million.

Big Lots — Shares of Big Lots soared more than 25% after the retailer reported a smaller-than-expected loss for its third-quarter earnings. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, according to Refinitiv. The company also reported revenue of $1.168 billion, topping the forecast $1.162 billion.

Cloudera — Cloudera popped nearly 10% in midday trading after multiple brokerages (including Morgan Stanley and Bank of America Merrill Lynch) raised their price targets on the company’s equity after the enterprise software firm reported third-quarter earnings and revenues ahead of what the Street expected.

Stifel analysts wrote that they were “pleased to see that Cloudera has seemingly stabilized its business, [but] remain cautious around the true size of the company’s long-term market opportunity.”

— CNBC’s Fred Imbert, Maggie Fitzgerald and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


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Stocks making the biggest moves premarket: Campbell Soup, Alphabet, Salesforce & more

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup reported a better-than-expected quarterly profit, although sales were slightly below expectation as organic sales fell by 1%. Alphabet (GOOGL) – The company announced that co-founder Larry Page would step down as CEO, replaced by the CEO of its Google unit, Sundar Pichai. Salesforce.com (CRM) – Salesforce reported quarterly earnings of 75 cents per share, beating the consensus estimate of 66 cents a shar


Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup reported a better-than-expected quarterly profit, although sales were slightly below expectation as organic sales fell by 1%.
Alphabet (GOOGL) – The company announced that co-founder Larry Page would step down as CEO, replaced by the CEO of its Google unit, Sundar Pichai.
Salesforce.com (CRM) – Salesforce reported quarterly earnings of 75 cents per share, beating the consensus estimate of 66 cents a shar
Stocks making the biggest moves premarket: Campbell Soup, Alphabet, Salesforce & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, company, salesforce, campbell, making, share, profit, premarket, alphabet, cents, quarterly, biggest, maker, record, soup, sales, stocks, announced


Stocks making the biggest moves premarket: Campbell Soup, Alphabet, Salesforce & more

Check out the companies making headlines before the bell:

Campbell Soup (CPB) – Campbell Soup reported a better-than-expected quarterly profit, although sales were slightly below expectation as organic sales fell by 1%. The company saw an increase in its share of the soup market for the first time in 10 quarters.

Alphabet (GOOGL) – The company announced that co-founder Larry Page would step down as CEO, replaced by the CEO of its Google unit, Sundar Pichai. The company’s other co-founder, Sergey Brin, will give up his title as president, although both Brin and Page will remain on the board of directors.

Salesforce.com (CRM) – Salesforce reported quarterly earnings of 75 cents per share, beating the consensus estimate of 66 cents a share. The business software provider’s revenue exceeded forecasts as well. Salesforce is seeing demand rise as more businesses move to the cloud. The company also issued a 2020 profit forecast above the Street’s outlook.

Workday (WDAY) – Workday beat estimates by 15 cents a share, with quarterly profit of 53 cents per share. The human resources software company’s revenue also came in above estimates and Workday raised its full-year forecast as more companies sign up for subscriptions. The company gave a weaker-than-expected outlook for next year, however.

Mastercard (MA) – Mastercard announced a 21% increase in its quarterly dividend, to 40 cents a share from the prior 33 cents a share. It also announced a new $8 billion share repurchase program.

Qualcomm (QCOM) – Qualcomm will appeal a South Korean High Court decision to uphold a record $873 million fine against the chipmaker. The fine had been imposed for allegedly unfair business practices.

Johnson & Johnson (JNJ) – J&J said new tests had shown that its Johnson’s Baby Powder product contained no asbestos. The Food and Drug Administration had said earlier this year that investigations had found trace amounts in the product. The new tests were conducted by two different third-party laboratories.

Boeing (BA) – In a blow to the jet maker, United Airlines (UAL) announced a new 50-jet order for Airbus A321XLR jets to fly between the U.S. East Coast and Europe. Those jets will replace the airline’s 53 Boeing 757-200 jets beginning in 2024.

Constellation Brands (STZ) – The spirits maker sold its Ballast Point craft beer unit to Illinois-based Kings & Convicts Brewing for an undisclosed amount. Constellation had bought Ballast Point in 2015 for $1 billion, still a record sale price for a craft brewery.

GoPro (GPRO) – The high definition camera maker said its new Hero8 camera saw record sales as the holiday season kicked off. CEO Nick Woodman said the strong holiday season start positions the company well to report a profit this year and increase sales and profits in 2020.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, company, salesforce, campbell, making, share, profit, premarket, alphabet, cents, quarterly, biggest, maker, record, soup, sales, stocks, announced


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Slack’s stock rises on quarterly results but outlook points to higher-than-expected losses

The stock bounced around, dropping as much as 6% at one point, on concern about future losses. Here are the key numbers for the fiscal third quarter:Earnings: Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv. Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv. Revenue: $168.7 million, compared with an average estimate of $156 million, according to Refinitiv. For the fourth quarter, Slack forecast


The stock bounced around, dropping as much as 6% at one point, on concern about future losses.
Here are the key numbers for the fiscal third quarter:Earnings: Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv.
Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv.
Revenue: $168.7 million, compared with an average estimate of $156 million, according to Refinitiv.
For the fourth quarter, Slack forecast
Slack’s stock rises on quarterly results but outlook points to higher-than-expected losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: ari levy
Keywords: news, cnbc, companies, according, results, cents, revenue, higherthanexpected, losses, slack, share, points, rises, quarterly, compared, stock, average, loss, outlook, slacks, million


Slack's stock rises on quarterly results but outlook points to higher-than-expected losses

Slack Technologies Inc. CEO Stewart Butterfield stands on the trading floor during the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019.

Slack shares rose about 2% in extended trading on Wednesday after the developer of the popular work messaging app reported better-than-expected quarterly results. The stock bounced around, dropping as much as 6% at one point, on concern about future losses.

Here are the key numbers for the fiscal third quarter:

Earnings: Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv.

Loss of 2 cents a share, compared with an average estimated loss of 8 cents, according to Refinitiv. Revenue: $168.7 million, compared with an average estimate of $156 million, according to Refinitiv.

Sales in the quarter, which ended Oct. 31, climbed 60% from $105.6 million a year earlier. Slack continues to grow at a rapid clip by selling its messaging service to businesses of all sizes, particularly to large companies. The company said it now has 821 customers paying more than $100,000 in annual recurring revenue, up from 720 in the second quarter.

CEO Stewart Butterfield said on the call with analysts that Slack now has more than 50 customers spending more than $1 million a year, up from 30 a year ago.

For the fourth quarter, Slack forecast revenue of $172 million to $174 million, compared to the $172.9 million average analyst estimate, according to analysts surveyed by Refinitiv. But the company provided guidance for its bottom line that suggested costs may be higher than expected. Slack said its loss, excluding some items, will be between 6 cents and 7 cents a share, while analysts were projecting a 6-cent loss.

Slack also said early investor Chamath Palihapitiya is leaving the board and is being replaced by Michael McNamara. Palihapitiya landed in hot water in May, just ahead of the company’s stock market debut, when he told CNBC that Slack “will be one of the most important tech companies in the world.” Slack said in a filing after the TV appearance that the company did not endorse the comments.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: ari levy
Keywords: news, cnbc, companies, according, results, cents, revenue, higherthanexpected, losses, slack, share, points, rises, quarterly, compared, stock, average, loss, outlook, slacks, million


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India’s quarterly GDP is set to fall below 5% — the slowest pace since 2013

India is set to announce its GDP figures for the three months that ended in September on Friday — and experts are predicting a further slowdown in growth to levels not seen since 2013. That forecast, if realized, will mark the “slowest pace of growth since March 2013,” they said. “High frequency indicators continued to trend lower in September, with industrial production clocking its worst decline in eight years,” the economists wrote. Apart from an economic slowdown, there is an ongoing crisis


India is set to announce its GDP figures for the three months that ended in September on Friday — and experts are predicting a further slowdown in growth to levels not seen since 2013.
That forecast, if realized, will mark the “slowest pace of growth since March 2013,” they said.
“High frequency indicators continued to trend lower in September, with industrial production clocking its worst decline in eight years,” the economists wrote.
Apart from an economic slowdown, there is an ongoing crisis
India’s quarterly GDP is set to fall below 5% — the slowest pace since 2013 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, slowdown, months, slowest, quarterly, pace, lower, wrote, india, quarter, note, gdp, period, fall, recent, growth, set, indias


India's quarterly GDP is set to fall below 5% — the slowest pace since 2013

India is set to announce its GDP figures for the three months that ended in September on Friday — and experts are predicting a further slowdown in growth to levels not seen since 2013.

Growth for the July to September quarter likely slowed to 4.6% compared to the same period a year ago, down from the 5% registered for the previous three months, said Sanjay Mathur, chief economist for Southeast Asia and India, and Rini Sen, an India economist, at ANZ wrote in a recent note. That forecast, if realized, will mark the “slowest pace of growth since March 2013,” they said.

“High frequency indicators continued to trend lower in September, with industrial production clocking its worst decline in eight years,” the economists wrote. ANZ has downgraded its full-fiscal-year growth forecast from 5.8% to 5.1%, the note said.

Singapore’s DBS Group holds a more conservative estimate of 4.3% growth for the quarter. On average, economists polled by Reuters said they expect growth to be 4.7%, or down from 7% for the same period in 2018.

India’s fiscal year starts in April and ends in March the following year. Currently, India is in its fiscal year 2020, which ends in March next year.

The South Asian country is currently facing a number of challenges. Apart from an economic slowdown, there is an ongoing crisis in the financial sector, which has hamstrung lending.

Weakness in corporate earnings and profits are likely to weigh on business investments and job creation to keep its workforce employed. Recent policy reforms have left many small- and medium-sized businesses reeling.

Ratings agency Moody’s recently downgraded its outlook on India’s from “stable” to “negative,” and cited growing risks that economic growth will remain “materially lower than in the past.”


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, slowdown, months, slowest, quarterly, pace, lower, wrote, india, quarter, note, gdp, period, fall, recent, growth, set, indias


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Stocks making the biggest moves midday: Deere, Box, Under Armour, Guess & more

Box — Shares of the cloud company jumped more than 7% after topping analysts’ expectations for its third quarter revenue, which came in at $177.2 million. Dell Technologies — Shares of Dell fell 3.8% after the computer maker reported a quarterly revenue miss and lowered its full-year guidance. Dell reported adjusted quarterly earnings of $1.75 per share, 13 cents above estimates, however. Guess reported adjusted quarterly profit of 22 cents per share in the third quarter, 4 cents above estimates


Box — Shares of the cloud company jumped more than 7% after topping analysts’ expectations for its third quarter revenue, which came in at $177.2 million.
Dell Technologies — Shares of Dell fell 3.8% after the computer maker reported a quarterly revenue miss and lowered its full-year guidance.
Dell reported adjusted quarterly earnings of $1.75 per share, 13 cents above estimates, however.
Guess reported adjusted quarterly profit of 22 cents per share in the third quarter, 4 cents above estimates
Stocks making the biggest moves midday: Deere, Box, Under Armour, Guess & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: yun li
Keywords: news, cnbc, companies, revenue, quarterly, shares, biggest, company, making, share, earnings, reported, stocks, moves, box, according, armour, midday, estimates, guess, quarter, deere


Stocks making the biggest moves midday: Deere, Box, Under Armour, Guess & more

John Deere combine harvesters sit on display during the Farm Progress Show in Boone, Iowa, U.S., on Tuesday, Aug. 28, 2018.

Check out the companies making headlines in midday trading.

Deere — Deere’s stock dropped 4.5% as the worst performer among the S&P 500 companies after the manufacturing company issued lower guidance citing “lingering trade tensions.” The company now expects net income of $2.7 billion to $3.1 billion in fiscal 2020, lower than average analyst estimates of $3.5 billion for the year, according to Refinitiv. Deere CEO said trade tensions are slowing equipment purchases by farmers.

Box — Shares of the cloud company jumped more than 7% after topping analysts’ expectations for its third quarter revenue, which came in at $177.2 million. Wall Street expected revenue of $174.6 million, according to Refinitiv. Box reported a loss of 1 cent per share, in line with estimates.

Under Armour — Shares of the retailer gained more than 4% after Raymond James upgraded the stock to a “strong buy” rating. The firm said that the stock is an “underdog” and “underrated,” and that the company is on the cusp or a multi-year, profitable and sustainable growth cycle.

Dell Technologies — Shares of Dell fell 3.8% after the computer maker reported a quarterly revenue miss and lowered its full-year guidance. Dell saw revenue fall below Wall Street forecasts, and it cut its full year revenue forecast as it tries to deal with a shortage of chips from supplier Intel. Dell reported adjusted quarterly earnings of $1.75 per share, 13 cents above estimates, however.

Guess — Shares of Guess jumped 6% after the apparel retailer reported better-than-expected earnings. Guess reported adjusted quarterly profit of 22 cents per share in the third quarter, 4 cents above estimates, according to Refinitiv. The company also raised the lower end of its projected adjusted earnings range. Comparable store sales in the Americas region fell 3% during the quarter, however.

Autodesk — Shares of the software company gained more than 4% after third quarter EPS and revenue numbers topped analyst estimates. The company did, however, issue weaker-than-expected guidance.

PVH — Shares of PVH slipped 2.5% despite stronger-than-expected quarterly earnings. The clothing company earned $3.10 per share in the third quarter, beating analyst’ estimates of $2.99 a share, according to FactSet. Its revenue also topped expectations.

— CNBC’s Maggie Fitzgerald and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: yun li
Keywords: news, cnbc, companies, revenue, quarterly, shares, biggest, company, making, share, earnings, reported, stocks, moves, box, according, armour, midday, estimates, guess, quarter, deere


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Retail earnings, Fed minutes, impeachment hearings: 3 things to watch for Wednesday

Target, Lowe’s earnings on deckRetail earnings are kicking into high gear with Target and Lowe’s reporting on Wednesday morning. Kohl’s quarterly earnings and sales missed estimates due to an “increasingly competitive promotional environment” and the retailer also slashed its profit outlook for the year. Its quarterly sales fell short of expectations while earnings beat. The consensus for Lowe’s quarterly earnings is $1.35 per share, compared to an EPS of $1.04 in the third quarter of 2018, acco


Target, Lowe’s earnings on deckRetail earnings are kicking into high gear with Target and Lowe’s reporting on Wednesday morning.
Kohl’s quarterly earnings and sales missed estimates due to an “increasingly competitive promotional environment” and the retailer also slashed its profit outlook for the year.
Its quarterly sales fell short of expectations while earnings beat.
The consensus for Lowe’s quarterly earnings is $1.35 per share, compared to an EPS of $1.04 in the third quarter of 2018, acco
Retail earnings, Fed minutes, impeachment hearings: 3 things to watch for Wednesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: yun li
Keywords: news, cnbc, companies, earnings, retail, sales, quarter, watch, minutes, things, impeachment, hearings, policy, quarterly, lowes, stance, target, fed


Retail earnings, Fed minutes, impeachment hearings: 3 things to watch for Wednesday

SATURDAY NIGHT LIVE — Episode 22 — Pictured: (l-r) Kristen Wiig as Target cashier, Justin Timberlake as Peg during the “Target” skit on May 9, 2009 NBCU

Here are the most important things to know about Wednesday before you hit the door.

1. Target, Lowe’s earnings on deck

Retail earnings are kicking into high gear with Target and Lowe’s reporting on Wednesday morning. Their earnings will follow Home Depot and Kohl’s disappointing results on Tuesday that caused their stocks to tank. Kohl’s quarterly earnings and sales missed estimates due to an “increasingly competitive promotional environment” and the retailer also slashed its profit outlook for the year. Home Depot cut its 2019 sales forecast and also said it expects same-store sales to be lower than expected this year. Its quarterly sales fell short of expectations while earnings beat. Wall Street analysts estimate Target earned $1.19 per share in the third quarter, a small increase from an EPS of $1.09 from the same quarter a year ago, according to FactSet. The consensus for Lowe’s quarterly earnings is $1.35 per share, compared to an EPS of $1.04 in the third quarter of 2018, according to FactSet. Macy’s is also set to report.

2. How divided is the Fed?

The Federal Reserve is set to release the minutes from its latest policy meeting. The central bank cut interest rates for the third time this year at its October meeting. Fed Chair Jerome Powell indicated the moves to ease policy could be nearing a pause, saying central bank officials “see the current stance of monetary policy as likely to remain appropriate.” Within the Fed, there has been disagreement about whether additional cuts are needed. Regional presidents Esther George of Kansas City and Eric Rosengren of Boston again voted against a reduction. Investors will look to the minutes for clues about how divided the Fed is on its policy. “For the first time in at least ten years we’ve seen two or more dissents in three straight meetings,” Ian Lyngan, BMO’s head of U.S. rates, said in a note on Tuesday. “In this context, the Minutes on Wednesday will be informative as to how widespread the support for the current stance of policy actually is, or isn’t.”

3. Impeachment hearings heat up


Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: yun li
Keywords: news, cnbc, companies, earnings, retail, sales, quarter, watch, minutes, things, impeachment, hearings, policy, quarterly, lowes, stance, target, fed


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Stocks making the biggest moves premarket: JC Penney, Nvidia, Nike, Lyft

Nvidia – Nvidia reported adjusted quarterly earnings of $1.78 per share, beating the consensus estimate of $1.57, while the graphics chipmaker’s revenue also beat Wall Street forecasts. Applied Materials – Applied Materials beat estimates by 4 cents with adjusted quarterly earnings of 80 cents per share, while the maker of semiconductor manufacturing equipment also saw revenue beat estimates. Nike – Nike announced an 11% increase in its quarterly dividend, raising it to 24.5 cents per share from


Nvidia – Nvidia reported adjusted quarterly earnings of $1.78 per share, beating the consensus estimate of $1.57, while the graphics chipmaker’s revenue also beat Wall Street forecasts.
Applied Materials – Applied Materials beat estimates by 4 cents with adjusted quarterly earnings of 80 cents per share, while the maker of semiconductor manufacturing equipment also saw revenue beat estimates.
Nike – Nike announced an 11% increase in its quarterly dividend, raising it to 24.5 cents per share from
Stocks making the biggest moves premarket: JC Penney, Nvidia, Nike, Lyft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, making, stocks, share, moves, shares, biggest, retailer, maker, nike, quarterly, adjusted, reported, premarket, nvidia, cents, penney, sales, revenue, lyft


Stocks making the biggest moves premarket: JC Penney, Nvidia, Nike, Lyft

Check out the companies making headlines before the bell:

J.C. Penney – The retailer lost an adjusted 30 cents per share for its latest quarter, smaller than the 55 cent loss that analysts were predicting. Revenue did come in below forecasts, but an adjusted comparable store sales drop of 6.6% was smaller than the consensus estimate of a 7.7% decline.

Nvidia – Nvidia reported adjusted quarterly earnings of $1.78 per share, beating the consensus estimate of $1.57, while the graphics chipmaker’s revenue also beat Wall Street forecasts. However, Nvidia said its gaming chip business will be impacted by seasonal weakness during the current quarter.

Applied Materials – Applied Materials beat estimates by 4 cents with adjusted quarterly earnings of 80 cents per share, while the maker of semiconductor manufacturing equipment also saw revenue beat estimates. Results were helped by stronger demand for processor chips.

Nike – Nike announced an 11% increase in its quarterly dividend, raising it to 24.5 cents per share from the prior 22 cents. The athletic footwear and apparel maker has increased its dividend in 18 consecutive years.

Amazon.com – Amazon said it would challenge the award of a $10 billion Pentagon cloud computing contract to Microsoft, with the online retailer adding that politics may have interfered with a fair process. President Trump is a long-time critic of Amazon and founder Jeff Bezos.

Aurora Cannabis – Aurora Cannabis reported a 23% decline in revenue for its latest quarter, and the Canada-based cannabis producer said it would slow expansion plans both in its home country and abroad.

RH – The luxury home goods retailer is seeing its shares get a boost on news that Warren Buffett’s Berkshire Hathaway took a new stake in the Restoration Hardware parent. The news came in Berkshire’s quarterly 13-F filing.

Under Armour – Under Armour executives were pushed to meet aggressive sales targets, according to former executives who spoke to the Wall Street Journal. The athletic apparel maker is under investigation for allegedly borrowing revenue from future quarters to mask slowing demand.

JD.com – The China-based internet company reported better than expected quarterly revenue, helped by growth in sales for its core e-commerce unit.

Lyft – JPMorgan Chase added Lyft as a “top pick”, noting significantly improved revenue and earnings as well as increased market share in the ride-hailing business.

GrubHub – Barclays gave the food delivery service’s shares a double upgrade, to “overweight” from “underweight”. The Barclays note comes in the form of recommendations to the GrubHub board to vastly improve operations and shareholder value, following a 75% decline in GrubHub shares over 15 months.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: peter schacknow, fred imbert
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Stocks making the biggest moves premarket: Walmart, Peloton, Canopy Growth, Kraft Heinz & more

Comparable sales were up 3.2 percent, beating estimates and rising for the 21st straight quarter. Viacom – The media company beat estimates by 4 cents with adjusted quarterly profit of 79 cents per share, with revenue also beating estimates. Canopy Growth – The Canadian cannabis producer reported a wider than expected loss for its latest quarter, hit by restructuring charges. Cisco Systems – Cisco beat estimates by 3 cents with adjusted quarterly profit of 84 cents per share, with the networking


Comparable sales were up 3.2 percent, beating estimates and rising for the 21st straight quarter.
Viacom – The media company beat estimates by 4 cents with adjusted quarterly profit of 79 cents per share, with revenue also beating estimates.
Canopy Growth – The Canadian cannabis producer reported a wider than expected loss for its latest quarter, hit by restructuring charges.
Cisco Systems – Cisco beat estimates by 3 cents with adjusted quarterly profit of 84 cents per share, with the networking
Stocks making the biggest moves premarket: Walmart, Peloton, Canopy Growth, Kraft Heinz & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: peter schacknow
Keywords: news, cnbc, companies, stocks, walmart, canopy, revenue, kraft, moves, premarket, estimates, cents, growth, heinz, making, share, company, adjusted, profit, peloton, quarterly, beating, quarter


Stocks making the biggest moves premarket: Walmart, Peloton, Canopy Growth, Kraft Heinz & more

Check out the companies making headlines before the bell:

Walmart – Walmart earned an adjusted $1.16 per share for the third quarter, beating the consensus of $1.09, and raised its full year earnings outlook. Comparable sales were up 3.2 percent, beating estimates and rising for the 21st straight quarter. Revenue did come in slightly below Wall Street forecasts.

Viacom – The media company beat estimates by 4 cents with adjusted quarterly profit of 79 cents per share, with revenue also beating estimates. Results got a boost from an increase in domestic advertising revenue.

Canopy Growth – The Canadian cannabis producer reported a wider than expected loss for its latest quarter, hit by restructuring charges. Revenue did come in higher than analysts had been expecting.

Cisco Systems – Cisco beat estimates by 3 cents with adjusted quarterly profit of 84 cents per share, with the networking equipment maker’s revenue also beating forecasts. However, Cisco issued a weaker-than-expected current quarter forecast and noted a slowdown in global technology spending.

BHP – BHP named the head of its Australian unit, Mike Henry, as its new chief executive officer. He will replace Andrew Mackenzie, who had been head of the mining giant for almost 7 years, at the end of this year.

American Outdoor Brands – American Outdoor will separate its Smith & Wesson firearms unit into a new public company. The transaction is expected to be completed in the second half of 2020.

Xerox – Xerox should push ahead in its bid to buy computer and printer maker HP, according to activist investor Carl Icahn. Icahn, who owns a 10.6% stake in Xerox, told The Wall Street Journal he also has a 4.24% stake in HP and that a combination of the 2 companies could yield big profits for investors.

Peloton Interactive – The fitness company is planning to introduce a cheaper treadmill and rowing machine next year, according to a Bloomberg report. Peloton is also said to be thinking about apps for Amazon’s Fire TV and the Apple Watch.

NetApp – NetApp reported adjusted quarterly profit of $1.09 per share, 15 cents above estimates, although the cloud data services company saw revenue slightly below forecasts. The company said enterprise spending remains cautious, but is no better or worse than it was in the prior quarter.

Kraft Heinz – Kraft Heinz was downgraded to “sell” from “neutral” by Goldman Sachs, which said the company has underinvested in some areas and faces cost pressures. The food producer’s stock is up more than 20% over the past month, but is still down more than 23% for the year.

Beyond Meat (BYND) – The plant-based burger maker was rated “buy” in new coverage at Berenberg, which notes that Beyond Meat is the only pure-play public company in a rapidly growing category.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: peter schacknow
Keywords: news, cnbc, companies, stocks, walmart, canopy, revenue, kraft, moves, premarket, estimates, cents, growth, heinz, making, share, company, adjusted, profit, peloton, quarterly, beating, quarter


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Stocks making the biggest moves premarket: Disney, Visa, Dean Foods, Tyson Foods & more

DR Horton (DHI) – The home builder beat estimates by 10 cents a share, with quarterly earnings of $1.35 per share. DR Horton also raised its quarterly dividend to 17.5 cents per share from 15 cents a share. Edgewell Personal Care (EPC) – The personal care products maker beat estimates by 2 cents a share, with quarterly earnings of 86 cents per share. Dean Foods said it is currently engaged with Dairy Farmers of America about a potential sale of substantially all company assets. Tyson Foods (TSN)


DR Horton (DHI) – The home builder beat estimates by 10 cents a share, with quarterly earnings of $1.35 per share.
DR Horton also raised its quarterly dividend to 17.5 cents per share from 15 cents a share.
Edgewell Personal Care (EPC) – The personal care products maker beat estimates by 2 cents a share, with quarterly earnings of 86 cents per share.
Dean Foods said it is currently engaged with Dairy Farmers of America about a potential sale of substantially all company assets.
Tyson Foods (TSN)
Stocks making the biggest moves premarket: Disney, Visa, Dean Foods, Tyson Foods & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, quarterly, revenue, biggest, premarket, making, earnings, brew, moves, forecasts, estimates, disney, visa, company, price, tyson, cents, share, dean, foods, stocks


Stocks making the biggest moves premarket: Disney, Visa, Dean Foods, Tyson Foods & more

Check out the companies making headlines before the bell:

Advance Auto Parts (AAP) – The auto parts retailer earned $2.10 per share for its latest quarter, 5 cents a share above estimates. Revenue also beat forecasts, however same-store sales came in slightly below estimates with an increase of 1.2%. The company also announced the addition of another $700 million to its share buyback program.

DR Horton (DHI) – The home builder beat estimates by 10 cents a share, with quarterly earnings of $1.35 per share. Revenue was slightly below Wall Street forecasts. DR Horton also raised its quarterly dividend to 17.5 cents per share from 15 cents a share.

Edgewell Personal Care (EPC) – The personal care products maker beat estimates by 2 cents a share, with quarterly earnings of 86 cents per share. Revenue topped estimates as well. The maker of brands like Schick, Wilkinson, and Playtex also said it had reached an agreement to sell its infant and pet care business.

Dean Foods (DF) – The milk producer filed for Chapter 11 bankruptcy reorganization, intending to use the process to continue ordinary operations and work toward a sale of the company. Dean Foods said it is currently engaged with Dairy Farmers of America about a potential sale of substantially all company assets.

Tyson Foods (TSN) – The beef and poultry producer fell 8 cents a share short of estimates, with adjusted fiscal fourth-quarter earnings of $1.21 per share. Revenue also came in shy of Street forecasts, however Tyson said it is very optimistic about fiscal 2020.

Walt Disney (DIS) – Disney’s new Disney+ service launches today, costing $6.99 per month. Disney has spent over $3 billion on technology and content prior to the highly anticipated launch.

Visa (V) – Visa is buying a “significant minority stake” in Nigerian payments platform Interswitch. Financial details were not disclosed, but Sky News reports Visa bought a 20% stake for $200 million.

Vodafone (VOD) – Vodafone raised its full-year earnings outlook, as growth improves in markets like Spain and Italy that had been troublesome in recent quarters for the mobile operator.

Tencent Music (TME) – The China-based company reported better-than-expected revenue for the third quarter, as the music streaming service added more paying subscribers. Monthly average revenue per paying user was up just 7.4%, however, the slowest rate since the company went public in December.

Craft Brew Alliance (BREW) – Anheuser-Busch (BUD) will buy out the remainder of Craft Brew Alliance that it did not already own for about $321 million, or $16.50 per share. The price is more than double yesterday’s closing price of $7.33 for the Portland-based brewer’s stock. Anheuser-Busch, which owns 31.2% of Craft Brew, had said in August that it would not buy the rest of the company.

Kemet (KEM) – The electronic components company will be bought by Taiwan-based rival Yageo for $1.8 billion, or $27.20 per share. The price represents an 18% premium to Kemet’s Monday closing price.


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, quarterly, revenue, biggest, premarket, making, earnings, brew, moves, forecasts, estimates, disney, visa, company, price, tyson, cents, share, dean, foods, stocks


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Stocks making the biggest moves premarket: Disney, Gap, Zillow, Dropbox, Amazon & more

Check out the companies making headlines before the bell:Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates. Activision Blizzard (ATVI) – Activision Blizzard beat estimates by 9 cents a share, with quarterly profit of 32 cents per share. Zillow (Z) – Zillow lost 12 cents per share for the third quarter, smaller than the 21 cents a share loss that Wall Street was anticipating. Dropbox (DBX) – Dropbox came in 2 cents a share ahead of estimat


Check out the companies making headlines before the bell:Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates.
Activision Blizzard (ATVI) – Activision Blizzard beat estimates by 9 cents a share, with quarterly profit of 32 cents per share.
Zillow (Z) – Zillow lost 12 cents per share for the third quarter, smaller than the 21 cents a share loss that Wall Street was anticipating.
Dropbox (DBX) – Dropbox came in 2 cents a share ahead of estimat
Stocks making the biggest moves premarket: Disney, Gap, Zillow, Dropbox, Amazon & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, quarterly, forecasts, dropbox, disney, earnings, gave, cents, gap, moves, making, premarket, zillow, share, amazon, revenue, biggest, estimates, quarter, stocks


Stocks making the biggest moves premarket: Disney, Gap, Zillow, Dropbox, Amazon & more

Check out the companies making headlines before the bell:

Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates. Revenue also beat forecasts, boosted by a 52% increase in studio entertainment revenue amid a strong movie box office performance.

Booking Holdings (BKNG) – Booking Holdings earned $45.36 per share for its latest quarter, beating the consensus estimate of $44.57 a share. The operator of Priceline and other travel websites saw its revenue come in slightly below Wall Street forecasts, however, and it gave a current-quarter earnings outlook that falls below analysts’ estimates.

Activision Blizzard (ATVI) – Activision Blizzard beat estimates by 9 cents a share, with quarterly profit of 32 cents per share. The video game maker’s revenue was above estimates as well. Activision said it saw record growth in subscriptions during the quarter, thanks in large part to its World of Warcraft: Classic game.

Take-Two Interactive (TTWO) – Take-Two earned $2.02 per share for its fiscal second quarter, above the consensus estimate of $1.69 a share. The video game company’s revenue exceeded forecasts as well. The quarter’s performance was helped by strong results for the company’s NBA, Grand Theft Auto, and Red Dead Redemption games. Take-Two also gave lower-than-expected guidance for the current quarter.

Gap Inc. (GPS) – Gap said CEO Art Peck is stepping down and will be immediately replaced on an interim basis by Robert Fisher, son of the Gap’s founders. That follows several years of sluggish sales for the apparel retailer. The company is also warning of a weaker-than-expected financial performance for the current quarter.

Zillow (Z) – Zillow lost 12 cents per share for the third quarter, smaller than the 21 cents a share loss that Wall Street was anticipating. The real estate website operator’s revenue came in above estimates, and it gave an upbeat forecast as well.

Dropbox (DBX) – Dropbox came in 2 cents a share ahead of estimates, with quarterly profit of 13 cents per share. The cloud storage company’s revenue was also above estimates. The company said it is benefiting from its new desktop app, which was introduced in September, as well as good results from its Dropbox Spaces collaboration software.

Alibaba (BABA) – Alibaba is planning to launch its Hong Kong initial public offering in the last week of this month, according to sources who spoke to Reuters. The China-based online retailer is hoping to raise up to $15 billion in the offering.

Amazon (AMZN) – Amazon has reached a deal with Disney to carry the new Disney+ streaming service on its Fire TV devices.

HP Inc. (HPQ) – HP’s board is not convinced that selling the computer and printer maker to Xerox (XRX) is the right move, according to a Bloomberg report. HP confirmed earlier this week that it had spoken with Xerox about a potential business combination.

Teradata (TDC) – The data analytics company said CEO Oliver Ratzeberger has stepped down “by mutual agreement,” and is being replaced on an interim basis by Executive Chairman Victor Lund. The announcement came as Teradata reported weaker-than-expected earnings and revenue for the third quarter, and sharply lowered its full-year guidance.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, quarterly, forecasts, dropbox, disney, earnings, gave, cents, gap, moves, making, premarket, zillow, share, amazon, revenue, biggest, estimates, quarter, stocks


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