earningsreports
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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Adobe Inc (NASDAQ: ADBE) is rallying in extended hours on Thursday after reporting market-beating financial results for its second quarter. Adobe stock rallies on upbeat guidanceInvestors are rewarding the stock also because the management issued encouraging guidance for the future. $ADBE now forecasts its revenue to fall between $5.33 billion and $5.38 billion on up to $4.55 a share of adjusted earnings in Q3. Analysts, in comparison, were at $5.4 billion and $4.48 per share. Dan Durn – the chief financial officer of Adobe Inc said in a press release today: Our market-leading products, strong...
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Signet Jewelers Ltd (NYSE: SIG) is trading up in premarket on Thursday after reporting better-than-expected per-share earnings for its first quarter. Signet Jewelers offers encouraging guidanceThe stock is gaining also because the diamond jewelery chain issued upbeat guidance for the future. $SIG now forecasts its sales to fall between $6.66 billion and $7.02 billion on up to $11.52 a share of earnings in fiscal 2025. Analysts, in comparison, were at billion and $10.55 per share, respectively. Virginia C. Drosos – the chief executive of Signet Jewelers said in a press release today: Our result...
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Broadcom Inc (NASDAQ: AVGO) is gaining in extended trading on Wednesday after coming in handily above Street estimates for its fiscal second quarter on strong AI demand. Broadcom stock climbs on future guidanceInvestors seem content also because the management issued upbeat guidance for the future. $AVGO now forecasts about $51 billion in revenue in its fiscal 2024. Analysts, in comparison, were at billion. Hock Tan – the chief executive of Broadcom Inc said in a press release today: Revenue from our AI products was a record $3.1 billion during the quarter. Infrastructure software revenue acce...
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Oracle Inc (NYSE: ORCL) is up 10% in extended hours even though it came in below Street estimates for its fiscal fourth quarter. Why is Oracle stock up in after-hours?Investors are cheering because cloud segment of the computer technology company remained strong, bringing in $5.3 billion in revenue – up 20% on a year-over-year basis. $ORCL is pushing to the upside also because it announced new deals with Google and OpenAI on Tuesday. Safra Catz – its chief executive said in a press release: I expect that each successive quarter should grow faster than the previous quarter—as OCI capacity begin...
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