Earnings
Stocks could build on gains in the week ahead as investors await Friday’s jobs report
Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indice scored big gains in the past week, each rising higher than 6%. Both the S&P 500 and Nasdaq Composite broke a seven-week losing streak, while it had been eight weeks of […]
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Glam makeup and dressing up are back – and that’s benefiting retailers like Macy’s and Ulta
A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier clothing, makeup and accessories as they start going […]
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Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year guidance, saying inflationary pressures reduce discretionary spending. Hibbett (HIBB) […]
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Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery
A strong quarterly report is the start of a solid recovery for Ulta Beaty , according to investment firm Jefferies. On Thursday, Ulta blew away estimates for the first quarter, generating $6.30 in adjusted earnings per share on $2.35 billion of revenue. Analysts surveyed by Refinitiv were expecting $4.46 in earnings per share on $2.12 […]
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Morgan Stanley downgrades Gap after weak first-quarter report, says stock has further downside
A rough first quarter for Gap could be just the start of a longer down period for the company, according to Morgan Stanley. Analyst Kimberly Greenberger downgraded Gap to underweight from neutral, saying that Thursday’s disappointing quarterly report showed a company with internal issues and a difficult consumer environment. “The 1Q22 EPS miss materialized, & […]
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Stocks making the biggest moves after hours: Ulta, Gap, Dell and more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2.346 […]
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Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities. Dollar General (DG) – […]
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Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has […]
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Nasdaq 100 futures fall slightly after chip giant Nvidia delivers light guidance
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were mixed on Wednesday evening as investors digested a disappointing update from Nvidia, an economic bellwether in the technology industry. Stock futures tied to the […]
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Snowflake stock falls as executives forecast a narrower margin than expected
Snowflake shares fell as much as 16% in extended trading on Wednesday after the data analytics software maker disappointed analysts by saying it doesn’t expect a positive adjusted operating margin for the current quarter. Here’s how the company did: Earnings: Loss of 53 cents per share Revenue: $422.4 million, vs. $412.8 million as expected by […]
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