— DICK’S Sporting Goods, Inc. (NYSE: DKS) reported earnings of $1.32 per share in the fourth quarter of 2019, vs $1.22 per share expected.
— Net sales rose 4.7% to $2.61 billion, vs. $2.57 billion expected. Adjusted for calendar year difference, consolidated same store sales decreased 2.2% in Q4. Without this adjustment, same store sales increased 5.3%.
— eCommerce sales for the fourth quarter of 2019 increased 15%.
— Expects FY20 same store sales to be approx. flat to an increase of 2%, vs. 3.7% increase in 2019.
— For this period, the company currently projects EPS to be approximately $3.60 to 4.00.
— DKS shares shot up over 11% immediately following the announcement.
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.