earningsreports
Nike Inc (NYSE: NKE) is losing in extended hours on Thursday after coming in shy of Street estimates for its fourth financial quarter. Shares of the footwear giant are still down close to 15% versus the start of 2024. Notable figures in Nike Q4 earnings releaseEarned $1.5 billion versus the year-ago $1.03 billionPer-share earnings also improved from 66 cents to 99 centsAdjusted EPS printed at $1.01 as per the earnings reportRevenue inched down 2.0% year-over-year to $12.6 billionConsensus was 84 cents a share on $12.86 billion in revenueNike reported a 110 basis points increase in gross margin...
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Walgreens Boots Alliance Inc (NASDAQ: WBA) trading down this morning after reporting weaker-than-expected financial results for its third quarter. Shares of the healthcare giant are now down close to 50% for the year. Walgreens stock sinks on disappointing guidanceWalgreens stock is in the red at writing also because its management lowered its guidance. The multinational now forecasts its adjusted per-share earnings to fall between $2.80 and $2.95 in fiscal 2024. Analysts, in comparison, were at $3.20 per share. Tim Wentworth – the chief executive of Walgreens Boots Alliance said in a press re...
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Micron Technology Inc (NASDAQ: MU) is pushing to the downside in extended hours on Wednesday even though it reported market-beating financial results for its third quarter. Shares of the memory chip maker are still up about 60% for the year. Micron stock sinks on guidanceMicron stock is losing at writing primarily because its management issued only in-line guidance for the future. MU now expects its revenue to print at $7.60 billion in Q4. Analysts, in comparison, were at $7.59 billion. Sanjay Mehrotra – the chief executive of Micron Technology said in a press release today: We are gaining sha...
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General Mills Inc (NYSE: GIS) is in the red at writing after reporting weaker-than-expected revenue for its fourth financial quarter. Shares of the processed consumer foods company are now down nearly 10% versus their year-to-date high. General Mills issues downbeat guidanceGeneral Mills stock is taking a hit this morning also because its management failed to impress with the guidance. The multinational now forecasts its adjusted per-share earnings to climb up to 1.0% in fiscal 2025. Analysts, in comparison, were at a 3.0% increase instead. Jeff Harmening – the chief executive of General Mills...
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FedEx Corp (NYSE: FDX) is gaining sharply in extended hours on Tuesday after coming in ahead of Street estimates for its fourth financial quarter. Shares of the package delivery company are now trading at a year-to-date high. FedEx stock rallies on impressive guidanceFedEx stock is in the green in after-hours also because its management issued upbeat guidance for the future. The multinational now forecasts its per-share earnings to fall between $20 and $22. Analysts, in comparison, were at $20.85. Raj Subramaniam – the chief executive of FedEx said in a press release today: Q4 results reflect ...
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Carnival Corp (NYSE: CCL) is trading up in premarket on Tuesday after reporting market-beating financial results for its second quarter. Carnival stock does not currently pay a dividend. Carnival stock gains on upbeat guidanceThe stock is being rewarded also because CCL issued encouraging guidance for the future. Carnival now forecasts its adjusted net income to print at $275 million this year – up more than %. Carnival also expects net yields to come in at 10.25% in fiscal 2024. Josh Weinstein – its chief executive said in a press release today: On our upwardly revised guidance, we will be on...
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Carmax Inc (NYSE: KMX) is being crushed by the likes of AutoNation Inc and Carvana Co, says Landon Swan – the cofounder of LikeFolio. Shares of the used vehicle retailer have lost about 20% over the past three months. Swan shares his view on Carmax stockCarmax reported $7.11 billion in revenue for its first financial quarter on Friday that missed Street estimates by some $50 million. At 97 cents a share, the New York listed firm took a material year-on-year hit to its quarterly EPS as well. Speaking with the Schwab Network, Landon Swan said today: We’re looking at lower lease volumes, which us...
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Accenture Plc (NYSE: ACN) has lost more than 25% over the past three months but a Deutsche Bank analyst warns against hoping for a swift recovery. ACN does, however, pay a dividend yield of 1.71% at writing. Accenture stock has downside to $295Bryan Keane downgraded the professional services company to “hold” in a recent research note. His $295 price objective suggests about a 3.0% downside from here. The analyst is dovish on Accenture stock as he expects it to continue to face significant obstacles in the near future. A notable shift in ACN’s market position sits right at the heart of his not...
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Kroger Co (NYSE: KR) is trading up in premarket on Thursday after coming in ahead of Street estimates for its first financial quarter. Shares of the retail firm are still down some 10% versus their year-to-date high. Kroger offers positive outlookKroger stock is gaining this morning because the management issued good enough guidance for the future as well. KR now forecasts its adjusted per-share earnings to fall between $4.30 and $4.50. Experts had forecast $4.43 a share instead. Rodney McMullen – the chief executive of Kroger Inc said in a press release today: Kroger is off to a solid start i...
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Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday even though it reported better-than-expected financial results for its second quarter. Lennar’s guidance for the third quarterInvestors are concerned because the guidance failed to impress. $LEN now expects to deliver up to 21,000 homes in the second quarter. New orders, it added, will fall between 20,500 and 21,000 in Q2. Stuart Miller – the co-chief executive of Lennar Corp said in apress release today: Although affordability continued to be tested by interest rate movements and simultaneously challenged consumer sentimen...
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