Snowflake Stock Surges 5% After Q3 Beat
Snowflake (NYSE:SNOW) saw its shares rise over 5% intra-day today following the announcement of its third-quarter results. The company reported an earnings per share (EPS) of $0.25, exceeding the Street estimate of $0.16. Its revenue increased by 32% year-over-year, reaching $734.2 million, which was higher than the expected $713.36 million. Notably, product revenue rose by […]
Pure Storage Drops 13% on Disappointing Outlook
Pure Storage (NYSE:PSTG) released its third-quarter financial results, surpassing expectations with an earnings per share (EPS) of $0.50, which is higher than the consensus estimate of $0.40. The company also reported a year-over-year revenue growth of 13%, reaching $762.8 million and slightly exceeding the anticipated $761.49 million. Despite these positive results, Pure Storage’s shares experienced […]
Kroger’s Q3 Earnings Review
Kroger (NYSE:KR) revised its sales growth forecast, citing current economic pressures and a decrease in food-at-home inflation as the holiday season approaches. The company now predicts that its identical sales excluding fuel will increase by 0.6% to 1.0%. This is a reduction from its previous forecast of a 1.0% to 2.0% rise. Rodney McMullen, Kroger’s […]
Nutanix Gains 4% Following Q1 Earnings Beat
Nutanix (NASDAQ:NTNX) announced its first fiscal quarter earnings, surpassing analyst predictions and leading to an upward revision of its future guidance. Shares surged more than 4% intra-day today. The company reported earnings per share (EPS) of $0.29, which significantly exceeded the analyst estimate of $0.18. Nutanix’s revenue for the quarter was $511.1 million, an 18% […]
Five Below Posts Q3 Beat & In-Line Guidance
Five Below (NASDAQ:FIVE) announced its third-quarter earnings, reporting an earnings per share (EPS) of $0.26, which surpassed the Street estimate of $0.23. The company experienced a 14.2% year-over-year increase in revenue, reaching $736.4 million, which exceeded the predicted consensus of $727.6 million. Additionally, comparable sales saw a 2.5% increase from the previous year. Looking ahead […]
Foot Locker Stock Surges 17% After Q3 Beat
Foot Locker (NYSE:FL) shares jumped more than 17% intra-day today after the company reported its third-quarter earnings, with EPS of $0.30 surpassing the analyst prediction of $0.22. The company’s revenue for the quarter was $1.99 billion, exceeding the Street estimate of $1.96 billion. Mary Dillon, the Chief Executive of Foot Locker, described the results as […]
Petco Health and Wellness Plunges 26% on Disappointing Q3 Earnings
Shares of Petco Health and Wellness (NASDAQ:WOOF) saw a significant drop of more than 26% intra-day today following the company’s earnings report for its latest quarter, which fell short of market expectations. The pet retailer posted a third-quarter earnings per share (EPS) of negative $0.05, compared to the analysts’ predictions of a positive $0.02 EPS. […]
General Motors Stock Surges 10% on Dividend Hike & $10 Billion Buyback Announcement
General Motors (NYSE:GM) reaffirmed its earnings guidance for 2023, maintaining its net income forecast in the range of $9.1 billion to $9.7 billion. Additionally, the automaker announced a significant 33% increase in its dividend for 2024 and unveiled plans for a substantial $10 billion accelerated share buyback program. This led to a more than 10% […]
Airbnb’s Rating Cut to Hold at Jefferies
Jefferies analysts revised their rating on Airbnb (NASDAQ:ABNB) to Hold from Buy, also reducing the stock price target from $155 to $140 per share. The downgrade is primarily due to a combination of factors. Firstly, there’s an observable slowdown in bookings, which heightens the risk of not meeting consensus expectations. This slowdown makes Airbnb’s growth […]
Hewlett Packard Enterprise Surges 7% Following Q4 Earnings Report
Hewlett Packard Enterprise (NYSE:HPE) experienced a 7% surge in its share prices intra-day today after the company reported earnings that exceeded analysts’ expectations. For the fourth quarter, the IT firm announced an earnings per share (EPS) of $0.52, which was slightly higher than the analyst prediction of $0.50. The company’s revenue for the quarter was […]
