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HPE skyrockets 30% on biggest earnings beat since 2018
Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates. Here's how the company did compared to LSEG estimates: - Earnings per share: 79 cents adj. vs. 53 cents expected - Revenue: $10.68 billion vs. $9.79 billion expected It was the company's biggest EPS beat since February 2018.
Broadcom stock slip on revenue miss
Broadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report. The stock slid in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: - Earnings per share: $2.44, adjusted, versus $2.40 estimated - Revenue: $22.19 billion versus $22.27 billion estimated Revenue climbed 48% from $15 billion in the same quarter a year earlier, Broadcom said in a statement.
Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
Shoppers may be feeling gloomy about high prices at the pump, but they're still shelling out for new bras and underwear at Victoria's Secret. The lingerie retailer raised its full-year guidance on Tuesday after blowing past earnings estimates in its fiscal first quarter, citing lower tariff costs and more customers willing to spend full price on its products. Shares soared about 40% in premarket trading.
Ulta shares pop as beauty retailer beats Wall Street expectations and hikes earnings outlook
Ulta Beauty on Tuesday reported quarterly results that beat on the top and bottom lines and hiked its earnings outlook as the retailer saw a strong start to its fiscal year. Shares of the company rose as much as 7% in extended trading. Here's how the company performed in its fiscal first quarter compared with what Wall Street was expecting, according to a survey of analysts by LSEG: - Earnings per share: $7.74 vs. $6.86 expected - Revenue: $3.16 billion vs. $3.10 billion expected For the...
Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches
Lululemon's troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current quarter outlook on Thursday as interim CEO Meghan Frank blamed "negative commentary in the media" and recent product launches that failed to wow shoppers. "We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which had an impact on traffic and overall top line performance," Frank told analysts during the company's...