Stocks moving after hours: Broadcom, Fiverr, chip stocks

The San Jose-based company reported earnings of $5.21 per share, excluding certain items, beating the $5.16 per share expected by analysts, according to Refinitiv. However, the reported $5.52 billion in revenue was below Refinitiv’s consensus estimate of $5.68 billion. Broadcom lowered its guidance for full-year revenue from $24.50 billion to $22.50 billion. Other chip stocks followed Broadcom into the red after hours. The company, which connects gig economy workers with jobs, saw its stock pric


The San Jose-based company reported earnings of $5.21 per share, excluding certain items, beating the $5.16 per share expected by analysts, according to Refinitiv. However, the reported $5.52 billion in revenue was below Refinitiv’s consensus estimate of $5.68 billion. Broadcom lowered its guidance for full-year revenue from $24.50 billion to $22.50 billion. Other chip stocks followed Broadcom into the red after hours. The company, which connects gig economy workers with jobs, saw its stock pric
Stocks moving after hours: Broadcom, Fiverr, chip stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: jesse pound, lauren feiner
Keywords: news, cnbc, companies, market, fiverr, billion, analysts, reported, broadcom, share, refinitiv, moving, company, hours, chip, revenue, stocks


Stocks moving after hours: Broadcom, Fiverr, chip stocks

Check out the companies making headlines after the bell:

Shares of chipmaker Broadcom plunged 8% in extended trading Thursday after the company missed revenue expectations for the second quarter and lowered its revenue guidance for the full fiscal year. The San Jose-based company reported earnings of $5.21 per share, excluding certain items, beating the $5.16 per share expected by analysts, according to Refinitiv. However, the reported $5.52 billion in revenue was below Refinitiv’s consensus estimate of $5.68 billion.

Broadcom lowered its guidance for full-year revenue from $24.50 billion to $22.50 billion. Analysts expected $24.31 billion, according to Refinitiv. The company cited a U.S. ban on working with Chinese device giant Huawei in lowering its revenue outlook.

Other chip stocks followed Broadcom into the red after hours. Broadcom CEO Hock Tan said on a call with analysts that uncertainty in the industry extended beyond Huawei. Advanced Micro Devices, Micron Technology, Qualcomm and Nvidia all fell roughly 1.8%. Texas Instruments and Analog Devices fell more than 2.5% each.

Fiverr’s strong market debut continued after hours, as the company’s shares rose another 5.5%. The company, which connects gig economy workers with jobs, saw its stock price rise 90% during market hours in its first day on the public exchanges Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: jesse pound, lauren feiner
Keywords: news, cnbc, companies, market, fiverr, billion, analysts, reported, broadcom, share, refinitiv, moving, company, hours, chip, revenue, stocks


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Lululemon stock jumps after strong earnings, raises full-year guidance

The men’s assormtment on the inside of a Lululemon store. Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 4% in after-hours trading. Here’s what the athletic apparel maker reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: 74 cents per share, vs. 70 cents per share, expectedRevenue: $782 million, vs. $755 million, expectedThe company also raised its full-y


The men’s assormtment on the inside of a Lululemon store. Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 4% in after-hours trading. Here’s what the athletic apparel maker reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: 74 cents per share, vs. 70 cents per share, expectedRevenue: $782 million, vs. $755 million, expectedThe company also raised its full-y
Lululemon stock jumps after strong earnings, raises full-year guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: emma newburger lauren thomas, emma newburger, lauren thomas
Keywords: news, cnbc, companies, cents, strong, jumps, fullyear, reported, billion, lululemon, share, guidance, 74, earnings, vs, stock, wall, raises, tradingheres, million


Lululemon stock jumps after strong earnings, raises full-year guidance

The men’s assormtment on the inside of a Lululemon store.

Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 4% in after-hours trading.

Here’s what the athletic apparel maker reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 74 cents per share, vs. 70 cents per share, expected

Revenue: $782 million, vs. $755 million, expected

The company also raised its full-year guidance. It expects revenue between $3.73 billion and $3.77 billion, and earnings per share between $4.51 and $4.58 in 2019.

For the first quarter ended May 5, net income rose to $96.6 million, or 74 cents a share, from $75.2 million, or 55 cents a share.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: emma newburger lauren thomas, emma newburger, lauren thomas
Keywords: news, cnbc, companies, cents, strong, jumps, fullyear, reported, billion, lululemon, share, guidance, 74, earnings, vs, stock, wall, raises, tradingheres, million


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Protests against Kazakhstan’s presidential election lead to violence in the capital

Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty. About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years. As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent i


Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty. About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years. As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent i
Protests against Kazakhstan’s presidential election lead to violence in the capital Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: grace shao
Keywords: news, cnbc, companies, nearly, protests, protest, violence, capital, reported, bbc, largest, election, country, kazakhstans, jomarttokayev, lead, demonstration, yearsas, presidential, nursultan


Protests against Kazakhstan's presidential election lead to violence in the capital

Kazakhstan’s first president, Nursultan Nazarbayev, has stepped down after a nearly three-decade-long tenure.

His successor, Kassym Jomart-Tokayev, confirmed his position after taking nearly 71% of the vote in Sunday’s election against six other government-approved candidates, according to Foreign Policy. His closest opposition candidate trailed behind with 16.2%.

Though that may seem a sweeping victory for Jomart-Tokayev, the transfer of office has spurred unrest in the country’s capital Nur-Sultan and largest city Almaty.

About 500 protesters were arrested by police, the BBC reported, citing local officials. The demonstration, decrying what protests called a “dictatorship” in the country, is the largest Kazakhstan has seen in recent years.

As protest is not tolerated in the country, the demonstration led to violence in the streets. A BBC correspondent in Nur-Sultan reported people being dragged onto buses by riot police. Many journalists were also detained covering the protest, while social media platforms such as Facebook and Telegram were reportedly inaccessible in the country during that time.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: grace shao
Keywords: news, cnbc, companies, nearly, protests, protest, violence, capital, reported, bbc, largest, election, country, kazakhstans, jomarttokayev, lead, demonstration, yearsas, presidential, nursultan


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Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress

The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55. The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.


The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55. The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.
Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: yun li fred imbert, yun li, fred imbert
Keywords: news, cnbc, companies, reported, trade, fourthstraight, tariffs, week, rose, usmexico, hopes, progress, points, gain, 500, talks, tariff, mexico, sp, rallies, making


Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress

Stocks rose on Thursday as investors speculated that the U.S. and Mexico are getting closer to a resolution over immigration issues that would delay the tariffs threatened by President Donald Trump.

The Dow Jones Industrial Average gained 181.09 points to 25,720.66, bringing its gain for the week to more than 900 points and putting it on pace for its best week of the year. The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55.

The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Martha Barcena Coqui, Mexico’s ambassador to the U.S., told CNBC on Thursday that negotiators had “a very good discussion, a very good debate. ”

The U.S. had asked Mexico to keep Central American asylum seekers and require migrants without proper documentation to stay in Mexico “for the duration of their immigration proceedings,” CNBC previously reported. The talks are poised to continue at 5:30 p.m. ET Thursday at the State Department.

Stocks hit their highs of the day after Bloomberg News reported that the U.S. is considering a postponement to Trump’s 5% tariff on all Mexican imports after the country’s negotiators asked for more time to hash out a deal. The tariff is set to kick in on Monday.

Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. Shares of Ford, GM and Kansas City Southern took a noticeable jump, though the three still finished the day lower.

Thursday’s gains followed the Dow’s 500-point jump on Tuesday, its second-best session of 2019. The index’s subsequent 200-point climb on Wednesday and Thursday’s gains have pushed its week-to-date performance up more than 3.6%. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: yun li fred imbert, yun li, fred imbert
Keywords: news, cnbc, companies, reported, trade, fourthstraight, tariffs, week, rose, usmexico, hopes, progress, points, gain, 500, talks, tariff, mexico, sp, rallies, making


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Stitch Fix spikes after beating earnings and revenue expectations

Shares of Stitch Fix soared 25% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019. It was helped by the healthy growth of its women’s business and the scaling up of its men’s business, it said. Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:Earnings per share: 7 cents vs. a loss of 3 cents expectedRevenue: $408.9 mill


Shares of Stitch Fix soared 25% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019. It was helped by the healthy growth of its women’s business and the scaling up of its men’s business, it said. Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:Earnings per share: 7 cents vs. a loss of 3 cents expectedRevenue: $408.9 mill
Stitch Fix spikes after beating earnings and revenue expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: ashley turner
Keywords: news, cnbc, companies, revenue, quarter, stitch, earnings, fix, beating, loss, spikes, expectations, share, vs, cents, reported, million, company


Stitch Fix spikes after beating earnings and revenue expectations

Shares of Stitch Fix soared 25% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019. It was helped by the healthy growth of its women’s business and the scaling up of its men’s business, it said.

Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:

Earnings per share: 7 cents vs. a loss of 3 cents expected

Revenue: $408.9 million vs. $394.9 million expected

For the third quarter ended April 27, Stitch Fix said net income dropped to $7 million, or 7 cents a share, from $9.5 million, or 9 cents a share, a year ago. Analysts predicted results at a loss of 3 cents per share, based on a poll by Refinitiv.

Its active clients — people who received a box of clothing in the preceding 12-month period — came in at 3.1 million, an increase of 17% year over year.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: ashley turner
Keywords: news, cnbc, companies, revenue, quarter, stitch, earnings, fix, beating, loss, spikes, expectations, share, vs, cents, reported, million, company


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Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and more

The company also announced mixed quarterly results and gave weak guidance for the upcoming quarter and the current fiscal year. Cloudera reported a loss of 13 cents per share, narrower than the expected loss of 23 cents, and revenue of $187.5 million, just short of estimates. Shares of Stitch Fix surged 30% during extended trading after the online personal styling company reported third-quarter results that beat on the top and bottom lines. Five Below reported earnings of 46 cents per share, bea


The company also announced mixed quarterly results and gave weak guidance for the upcoming quarter and the current fiscal year. Cloudera reported a loss of 13 cents per share, narrower than the expected loss of 23 cents, and revenue of $187.5 million, just short of estimates. Shares of Stitch Fix surged 30% during extended trading after the online personal styling company reported third-quarter results that beat on the top and bottom lines. Five Below reported earnings of 46 cents per share, bea
Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: nadine el-bawab
Keywords: news, cnbc, companies, revenue, stocks, moves, stitch, cloudera, earnings, hours, fix, loss, million, making, share, reported, cents, company, biggest, expected, stock


Stocks making the biggest moves after hours: Cloudera, Stitch Fix, Five Below and more

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.

Check out the companies making headlines after the bell:

Cloudera stock plummeted more than 30% after the cloud software company announced CEO Tom Reilly is retiring and intends to leave his position on the board effective July 31. The company also announced mixed quarterly results and gave weak guidance for the upcoming quarter and the current fiscal year.

Cloudera reported a loss of 13 cents per share, narrower than the expected loss of 23 cents, and revenue of $187.5 million, just short of estimates.

Shares of Stitch Fix surged 30% during extended trading after the online personal styling company reported third-quarter results that beat on the top and bottom lines. The company reported earnings of 7 cents per share on revenue of $409 million, while Wall Street had expected a loss of 3 cents per share on revenue of $395 million, according to Refinitiv consensus estimates.

Shares of Five Below rose 1% after the retailer reported better-than-expected first-quarter earnings. Five Below reported earnings of 46 cents per share, beating the expected 35 cents per share, and revenue of $365 million, besting estimates by just $1 million. Comparable sales jumped 3.1%.

MongoDB stock dropped nearly 3% after the software company gave disappointing guidance for the current fiscal year. The company expects a loss per share of between $1.04 and $1.11. Analysts surveyed by Refinitiv had expected a loss of $1.00 per share. MongoDB reported a narrower-than-expected first-quarter loss of 22 cents per share and revenue of $89.4 million, $5.9 million higher than expected.

Shares of Elastic fell as much as 3%, before erasing those losses, after the search company announced that it will acquire Endgame, a security company, for $234 million in the form of Elastic stock, payment of outstanding debt and the assumption of Endgame’s outstanding equity awards.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: nadine el-bawab
Keywords: news, cnbc, companies, revenue, stocks, moves, stitch, cloudera, earnings, hours, fix, loss, million, making, share, reported, cents, company, biggest, expected, stock


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Alphabet shares tank 6% as Justice Department reportedly prepares for Google antitrust probe

Alphabet shares tanked on Monday after a report said the Justice Department is readying an antitrust investigation against Google. The probe would look into Google’s search practices and other businesses, The Wall Street Journal reported Friday. Citing sources, the report said third-party critics of Google have been in contact with the department on the matter. “It is hard to quantify implications without further information but this could serve as an overhang on Alphabet shares for some time,”


Alphabet shares tanked on Monday after a report said the Justice Department is readying an antitrust investigation against Google. The probe would look into Google’s search practices and other businesses, The Wall Street Journal reported Friday. Citing sources, the report said third-party critics of Google have been in contact with the department on the matter. “It is hard to quantify implications without further information but this could serve as an overhang on Alphabet shares for some time,”
Alphabet shares tank 6% as Justice Department reportedly prepares for Google antitrust probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert
Keywords: news, cnbc, companies, mondaythe, tank, shares, justice, probe, companies, department, antitrust, wall, prepares, investigation, alphabet, reportedly, search, google, reported, street, rippey


Alphabet shares tank 6% as Justice Department reportedly prepares for Google antitrust probe

Alphabet shares tanked on Monday after a report said the Justice Department is readying an antitrust investigation against Google.

Shares dropped 6.7% on Monday.

The probe would look into Google’s search practices and other businesses, The Wall Street Journal reported Friday. Citing sources, the report said third-party critics of Google have been in contact with the department on the matter. It was not clear whether the company had been contacted by DOJ.

Alphabet declined to comment. An investigation could also bring trouble to investors, Evercore ISI analyst Kevin Rippey said in a note Monday.

“The investigation comes at a time when the stock’s bull case is challenged by concerns of an abrupt revenue slowdown last quarter,” Rippey wrote. “GOOGL has successfully navigated an antitrust investigation before (2011-2013), and emerged unscathed after a two year inquiry, as the FTC voted 5-0 not to pursue further action. That said, Android and the Play Store have not been pressure tested in a precedent US-led investigation, adding to the complexity of assessing the spectrum of outcomes.”

“While precedent suggests that Google enjoys broad discretion over the direction of search results, the questions arising from an investigation will challenge the possibility of multiple expansion,” added Rippey, who also trimmed his price target on Alphabet to $1,200 per share from $1,250.

Alphabet’s Class A shares were trading at $1,040.58 on Monday.

The news comes as public debate on whether big technology companies should be broken up. Presidential candidate Sen. Elizabeth Warren, D-Mass., said in a March post that she wants to name regulators to undo “anti-competitive mergers.” Such mergers include Google’s deals with smaller companies like Nest and Waze.

“It is hard to quantify implications without further information but this could serve as an overhang on Alphabet shares for some time,” Stifel analyst Scott Devitt said in a note.

Antitrust concerns spilled over into other major tech companies. Facebook shares dropped 8% after The Wall Street Journal reported the Federal Trade Commission can look into the social media company’s business practice and how they impact competition.

Amazon shares also slid more than 4%.

—CNBC’s Michael Bloom contributed to this report.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: fred imbert
Keywords: news, cnbc, companies, mondaythe, tank, shares, justice, probe, companies, department, antitrust, wall, prepares, investigation, alphabet, reportedly, search, google, reported, street, rippey


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Apple drops on report that Justice Department is eyeing antitrust probe

Apple shares ticked lower Monday after a Reuters report saying the Justice Department is considering a probe of the iPhone maker. The stock fell nearly 2% following the report, after trading higher earlier in the day. Apple and its CEO, Tim Cook, presented updates to the company’s central software at its annual Worldwide Developers Conference on Monday. The tech-heavy Nasdaq Composite index also fell 1% Monday after similar regulatory headlines dinged tech giants Alphabet, Amazon and Facebook. A


Apple shares ticked lower Monday after a Reuters report saying the Justice Department is considering a probe of the iPhone maker. The stock fell nearly 2% following the report, after trading higher earlier in the day. Apple and its CEO, Tim Cook, presented updates to the company’s central software at its annual Worldwide Developers Conference on Monday. The tech-heavy Nasdaq Composite index also fell 1% Monday after similar regulatory headlines dinged tech giants Alphabet, Amazon and Facebook. A
Apple drops on report that Justice Department is eyeing antitrust probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: sara salinas
Keywords: news, cnbc, companies, scrutiny, justice, drops, probe, tech, department, spotify, regulators, antitrust, stock, apple, reported, eyeing, report, shares


Apple drops on report that Justice Department is eyeing antitrust probe

Apple shares ticked lower Monday after a Reuters report saying the Justice Department is considering a probe of the iPhone maker.

The agency has been given jurisdiction to probe the company’s practices as part of a broad review into potential anti-competitive behavior among big tech companies, Reuters reported, citing two sources.

The stock fell nearly 2% following the report, after trading higher earlier in the day. The shares pared losses to end the session 1% down. Apple and its CEO, Tim Cook, presented updates to the company’s central software at its annual Worldwide Developers Conference on Monday.

The tech-heavy Nasdaq Composite index also fell 1% Monday after similar regulatory headlines dinged tech giants Alphabet, Amazon and Facebook.

Earlier Monday, the Wall Street Journal reported that the Federal Trade Commission will examine how Facebook’s practices affect digital competition. The Washington Post reported over the weekend that Amazon has come under heightened scrutiny by U.S. regulators. And on Friday, the Journal reported that the DOJ is preparing a probe of Google, sending shares of parent company Alphabet down more than 7% at one point Monday, before they regained some ground and ended with a drop of 6.1%

The possible Apple investigation is linked to the Google probe, Reuters reported, and stems from meetings between the DOJ and the FTC.

The headlines together paint a daunting picture for Silicon Valley and the stock market’s most valuable companies. Big tech has long faced scrutiny from European regulators, but has so far shrugged off calls for government regulation in the U.S.

Apple has drawn increased criticism in recent months for what some — including streaming giant Spotify — see as anti-competitive behavior in the App Store. Apple owns and operates the online marketplace, collecting subscription fees from developers.

The so-called Apple tax accounts for a sizable percentage of Apple’s burgeoning services revenue segment, but draws the ire of developers who, in some cases, compete with Apple’s own apps in the store.

Spotify’s EU complaint against Apple, filed in March, is pending investigation by European authorities. Apple has said Spotify wants to enjoy the benefits of a free app, without it being free, according to a separate Reuters story on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: sara salinas
Keywords: news, cnbc, companies, scrutiny, justice, drops, probe, tech, department, spotify, regulators, antitrust, stock, apple, reported, eyeing, report, shares


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Retail tycoon Philip Green charged with assault after alleged touching

The British retail tycoon Philip Green has been charged with four counts of misdemeanor assault in the United States after an Arizona pilates instructor accused him of repeatedly touching her inappropriately, Britain’s Press Association reported on Friday. The charges carry a sentence of up to 30 days in jail and a $500 fine, the PA reported, citing Lauren Deakin, a deputy in the prosecutor’s office. A spokesman for Green had denied the allegations when they became public earlier this year. Arca


The British retail tycoon Philip Green has been charged with four counts of misdemeanor assault in the United States after an Arizona pilates instructor accused him of repeatedly touching her inappropriately, Britain’s Press Association reported on Friday. The charges carry a sentence of up to 30 days in jail and a $500 fine, the PA reported, citing Lauren Deakin, a deputy in the prosecutor’s office. A spokesman for Green had denied the allegations when they became public earlier this year. Arca
Retail tycoon Philip Green charged with assault after alleged touching Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: lauren hirsch
Keywords: news, cnbc, companies, respond, requests, philip, retail, assault, united, reported, office, pa, pima, spokesman, charged, alleged, tycoon, online, touching, green


Retail tycoon Philip Green charged with assault after alleged touching

The British retail tycoon Philip Green has been charged with four counts of misdemeanor assault in the United States after an Arizona pilates instructor accused him of repeatedly touching her inappropriately, Britain’s Press Association reported on Friday.

The billionaire chairman of Arcadia Group, Green is accused of spanking the instructor and grabbing her buttocks at the Canyon Ranch resort in Tucson in 2016 and 2018, according to the Pima County Attorney’s Office, the PA reported.

The charges carry a sentence of up to 30 days in jail and a $500 fine, the PA reported, citing Lauren Deakin, a deputy in the prosecutor’s office. Pima County court records posted online showed Green was due to appear for an arraignment hearing for the four charges on June 19, but the full criminal complaint was not immediately available.

A spokesman for Green had denied the allegations when they became public earlier this year. Arcadia and a spokesman for Green did not respond to requests for comment on Friday. A spokeswoman for the country attorney’s office did not respond to requests for confirmation.

Green’s group operates some of the best known clothing store chains in the United Kingdom and Ireland, including Topshop, Topman, Miss Selfridge and Dorothy Perkins.

The company said this month it planned to close 23 of its 566 stores in the British Isles as it loses customers to online competitors.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: lauren hirsch
Keywords: news, cnbc, companies, respond, requests, philip, retail, assault, united, reported, office, pa, pima, spokesman, charged, alleged, tycoon, online, touching, green


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Stocks making the biggest moves midday: Constellation Brands, Gap, TiVo & more

The company posted a profit of 81 cents per share, beating a Refinitiv estimate of 69 cents per share. Red Robin Gourmet Burgers — Red Robin shares dropped 17.2% after the company reported quarterly earnings that badly missed expectations. Gap — Gap sank 9.3% after the apparel retailer reported first-quarter earnings that missed estimates. Dell reported revenue of $21.99 billion, missing a Refinitiv estimate of $22.24 billion. Wall Street expected a profit of 29 cents a share on sales of $479.4


The company posted a profit of 81 cents per share, beating a Refinitiv estimate of 69 cents per share. Red Robin Gourmet Burgers — Red Robin shares dropped 17.2% after the company reported quarterly earnings that badly missed expectations. Gap — Gap sank 9.3% after the apparel retailer reported first-quarter earnings that missed estimates. Dell reported revenue of $21.99 billion, missing a Refinitiv estimate of $22.24 billion. Wall Street expected a profit of 29 cents a share on sales of $479.4
Stocks making the biggest moves midday: Constellation Brands, Gap, TiVo & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: fred imbert
Keywords: news, cnbc, companies, midday, revenue, making, company, refinitiv, shares, share, reported, gap, constellation, cents, biggest, earnings, tivo, brands, million, sales, stocks, moves


Stocks making the biggest moves midday: Constellation Brands, Gap, TiVo & more

Check out the companies making headlines midday Friday:

Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 5% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell as the threat of Mexican tariffs stoked fears of higher avocado prices.

Ford, General Motors — Ford and GM were pressured by President Donald Trump’s threat to slap tariffs on Mexican imports. Both Ford and GM have operations in Mexico that could be impacted by such levies. Ford shares declined 2.3% while GM slid 4.3%.

Williams-Sonoma — Williams-Sonoma shares soared 13.4% after the household items retailer reported better-than-expected quarterly earnings. The company posted a profit of 81 cents per share, beating a Refinitiv estimate of 69 cents per share. Same-store sales jumped 3.5%, surpassing the expected 1.7% rise.

Zuora — Shares of Zuora plunged 29.7% after the cloud company gave weak guidance for the current fiscal year. Zuora expects its full-year revenue to range between $269 million and $278 million. A Refinitiv estimate projected $291.1 million in revenue.

Red Robin Gourmet Burgers — Red Robin shares dropped 17.2% after the company reported quarterly earnings that badly missed expectations. The company posted adjusted first-quarter earnings of 19 cents a share. Analysts polled by Refinitiv expected a profit of 49 cents a share.

TiVo — TiVo shares jumped 6.5% after the company hiked its full-year 2019 earnings outlook. The company expects adjusted EBITDA to range between $175 million and $185 million. That’s up from a range of $172 million and $178 million. TiVo also raised its revenue guidance for the year.

Gap — Gap sank 9.3% after the apparel retailer reported first-quarter earnings that missed estimates. The retailer reported earnings of 24 cents per share, 8 cents below a Refinitiv estimate, and revenues of $3.71 billion, falling $60 million short of estimates. Gap also posted a 4% drop in same-store sales, its biggest in three years.

Dell Technologies — Shares of computer company Dell plummeted more than 10.3% after the company’s first-quarter revenue missed expectations. Dell reported revenue of $21.99 billion, missing a Refinitiv estimate of $22.24 billion. The company said it saw demand in China slow down while server sales dropped.

Big Lots — Big Lots rose more than 6% after reporting better-than-expected first-quarter results. Big Lots posted earnings per share of 92 cents on revenue of $1.296 billion. Wall Street estimated earnings per share of 70 cents on revenue of $1.295 billion, according to Refinitiv.

Genesco — Shares of Journey’s owner Genesco surged more than 11% on stronger-than-forecast quarterly results. The retailer earned 29 cents per share on revenue of $495.7 million. Wall Street expected a profit of 29 cents a share on sales of $479.4 million. The company’s same-store sales also crushed expectations, increasing 5%. Analysts expected same-store sales growth of 0.6%.

—CNBC’s Nadine El-Bawab and Maggie Fitzgerald contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: fred imbert
Keywords: news, cnbc, companies, midday, revenue, making, company, refinitiv, shares, share, reported, gap, constellation, cents, biggest, earnings, tivo, brands, million, sales, stocks, moves


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