Category: Earnings

Lululemon Stock Stretches up With Q2 Earnings

By AnswerStock•

The athletic apparel company seems in good shape as its shares rise on earnings beat…

Lululemon released its second-quarter earnings report on Thursday, revealing a very strong performance that topped Wall Street expectations. The company’s shares jumped by as much as 5% in after-hours trading on the news.

Lululemon also bumped its full-year guidance based on the recent growth of its men’s and women’s apparel sales.

Continue reading “Lululemon Stock Stretches up With Q2 Earnings”

Slack Stock Takes a Post-Earnings Dive

By AnswerStock•

Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

Continue reading “Slack Stock Takes a Post-Earnings Dive”

Trade War Concerns Hit Best Buy, Shares Drop 10%

By AnswerStock•

Best Buy lowered its third-quarter guidance due to economic uncertainty and tariffs on Chinese goods.

This week, Best Buy became the latest company to fall victim to fears over the ongoing trade war. The company released its second-quarter earnings report this week and overall, the results were pretty good.

The company improved its bottom line by more than 18% year over year. Earnings beat the Zacks Consensus Estimate and increased 3.5% from a year earlier. 

Continue reading “Trade War Concerns Hit Best Buy, Shares Drop 10%”

H&R Block Stock Drops After Earnings

By AnswerStock•

H&R Block misses the mark on Q1 earnings…

H&R Block released its first-quarter earnings results on Wednesday, revealing lower-than-expected revenue. The company’s stock opened on Wednesday at $26.80 and dropped nearly 7% after the earnings report.

The tax preparation company reported a net loss of $150.2 million, down from $152.7 million in the same quarter last year. This translates to a net loss per share of 74 cents, the same as it was in last year’s quarter.

Continue reading “H&R Block Stock Drops After Earnings”

L Brands Stock Sags Despite Perky Earnings

By AnswerStock•

L Brands tops earnings estimates but misses on sales…

L Brands released its second-quarter earnings on Wednesday. The company managed to beat expectations on profit but came up short on sales. The lower-than-expected sales were largely due to poor performance from Victoria’s Secret, which is owned by L Brands.

Continue reading “L Brands Stock Sags Despite Perky Earnings”

Macy’s Execs Stay Upbeat After Brutal Earnings Report

By AnswerStock•

The company’s shares reached a new 52-week low after being downgraded by Guggenheim. 

Retail stocks have had a tough go of it lately. JCPenney’s stock exchange listing is in jeopardy and Macy’s, JCPenney, and Kohl’s all recently delivered uninspiring earnings reports. 

During the latest round of earnings reports, JCPenney and Kohl’s had at least some good news to share with investors. But Macy’s earnings report was particularly brutal. The company’s earnings and same-store sales fell short of forecasts. 

Continue reading “Macy’s Execs Stay Upbeat After Brutal Earnings Report”

Lowe’s Stock Builds on Solid Earnings Beat

By AnswerStock•

Lowe’s beats earnings and revenue estimates…

Lowe’s released its Q2 2019 earnings report on Wednesday, revealing promising numbers for the home improvement store. The press release caused the company’s stock price to jump by more than 12% in premarket trading.

Meanwhile, Lowe’s primary competitor, Home Depot, reported mixed results in its most recent earnings report.

Continue reading “Lowe’s Stock Builds on Solid Earnings Beat”

Kohl’s Q2 Earnings Report Is a Mixed Bag

By AnswerStock•

Kohl’s beats profit expectations but misses on sales…

Kohl’s released its second-quarter earnings report early on Tuesday. The results caused the stock to spike early before falling into the red shortly after.

Kohl’s reported adjusted earnings per share of $1.55 against an estimated $1.53. However, the company failed to meet sales expectations, reporting $4.17 billion in net sales versus an expected $4.2 billion.

Continue reading “Kohl’s Q2 Earnings Report Is a Mixed Bag”

Home Depot Earnings: EPS Beat … But Total Sales Flub

By AnswerStock•

Will higher Home Depot earnings per share be a recurring trend or a lucky fluke?

A mixed financial report yesterday from retailer Home Depot had shares rising 4% in pre-market trading this morning.

On one hand, reported earnings of $3.17 per share beat analyst projections of $3.05 per share.

However, overall sales came in at $30.8 billion, less than analysts had expected at $31.02 billion. And same-store sales rose 3% instead of the projected 3.4%.

Continue reading “Home Depot Earnings: EPS Beat … But Total Sales Flub”