earningsreports
Famed investor Jim Cramer is all praise for Deckers Outdoor Corp (NYSE: DECK) that surpassed $1,000 per share for the first time after posting its quarterly earnings report on Friday. Cramer says HOKA is an incredible brandCramer agrees that HOKA is not comparable to Nike in terms of sales but said the footwear giant should still be “scared” of it. That’s because HOKA has incredible momentum and “the shoe business has historically been a momentum business”. The Mad Money host expressed confidence in the leadership of David Powers on CNBC’s “Squawk on the Street” today and said “no one can touc...
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Abercrombie & Fitch (NYSE: ANF) stock price has surged to a record high as investors wait for its first quarter earnings scheduled for May 29th. It soared to a high of $150, bringing the year-to-date gains to 70%. It has also jumped by over 553% in the past 12 months, making it the best retail stock in the US. Abercrombie & Fitch’s insiders are sellingAbercrombie & Fitch, a millennial-focused retailer, has done well because of its strong revenue and profitability growth. Its revenue jumped to $4.2 billion in the last financial year, a big increase from the $3.69 billion it made a year earlier....
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A 5.0% dip in Snowflake Inc (NYSE: SNOW) following its Q1 earnings report is an opportunity to buy a quality name at a discount, says Michael Turrin – a Wells Fargo analyst. Snowflake stock has a 50% upside from hereTurrin recommends buying $SNOW as he sees potential in it to climb all the way up to $225. That suggests a near 50% upside from here. The NYSE listed firm came in shy of Street estimates for per-share earnings in its fiscal first quarter last night. Still, the Wells Fargo analyst cited significant market opportunity and strong operational performance as reasons to own Snowflake sto...
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Yesterday, AI super-stock Nvidia reported its latest financial results. As the last of the behemoth companies to do so, it unofficially signaled that earnings season for Q1 of FY 2024 is winding down to a close. So, how did we do? And what do the performances of those company earnings signify for the markets at large? An optimistic outlook for corporate“With over 80% of the S&P 500 companies having reported Q1 earnings, its broad market impact is coming to an end,” agrees Peter Garnry, head strategist and researcher at investment firm Saxo. According to Garnry, the earnings season has been une...
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Toll Brothers Inc (NYSE: TOL) is trading up in extended hours on Tuesday after coming in ahead of Street estimates for its fiscal second quarter. Toll Brothers stock up on impressive guidanceThe stock is gaining also because the management issued upbeat guidance for the future. $TOL now expects to deliver up to 2,850 units in Q3 at an average price of between $950,000 and $960,000. The construction company forecasts about $14 of EPS this year versus analysts at $13.77. Douglas C. Yearley Jr. – the chief executive of Toll Brothers said in a press release today: Demand for new homes continues to...
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Zim Integrated Shipping Services Ltd (NYSE: ZIM) is trading about 10% down in premarket on Tuesday after reporting worse than expected per-share earnings for its fiscal first quarter. Zim Integrated’s guidance for the futureThe stock is taking a hit even though the cargo transport company raised its guidance for the full year. $ZIM now forecasts its adjusted EBITDA to fall between $1.15 billion and $1.55 billion in 2024. Eli Glickman – chief executive of the New York listed firm said in a press release today: Looking ahead, we now expect freight rates to remain stronger for longer than initial...
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This morning, airline company Ryanair Holdings PLC announced their full year results for FY 2024. Record-breaking profits The Irish company reported a 34% rise in profits after tax to €1.92 billion as the carrier saw an increase in customers to 183.7 million fliers in the year, a 9% increase as compared with 2023. This is the highest level of profit ever recorded for the airline company. Revenues also increased by a significant 25% to €13.44 billion. Rising costs This was in spite of Ryanair’s fuel bill rising by about €1.25 billion, roughly 32%, to a total of €5.14 billion for fuel costs. On ...
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Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and MicrosoftThe multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations integrate “secure, responsible AI solutions to automate processes for improved profitability and efficiency”. Quercus will run on Azure while the responsibility of “evolving, maintaining, and commercialising” it will re...
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Discount home retailer Walmart Inc announced its Q1 earnings today before US markets opened. With the US economy embattled with stickier-than-expected inflation and interest rates still punishingly high for consumers, the market was eager to see what would come from today’s earnings. Walmart has a reputation for results outperforming when the US economy is in dire enough straits (lie in the 2008 financial crisis), but its also known to lose revenue on its big-ticket purchases when consumers tighten their belts. Read our analysis on the significance of today’s Walmart earnings here The financia...
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Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Why is Deere stock down on Thursday?The stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion. Analysts, in comparison, were at $7.5 billion instead. John C. May – the chief executive of Deere & Co said in a press release today: We’re proactively managing our production and inventory levels to adapt to demand changes and pos...
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