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CarMax (KMX) reported a 12.7% increase in earnings for the first quarter helped by the lower effective tax rate. The used vehicle
CarMax (KMX) reported a 12.7% increase in earnings for the first quarter helped by the lower effective tax rate. The used vehicle retailer's shares rose about 10% in the premarket after its revenue and earnings came in above the Street's
IoT and enterprise software-solutions provider BlackBerry Limited (BB) reported adjusted revenue and earnings that beat analyst estimates for the first quarter of its fiscal 2019. GAAP revenue came in at $213 million, down 9.3%, while adjusted revenue was at $217
Open source solutions provider Red Hat (RHT) reported yet another quarter of revenue growth, consistent with the trend it has been following for some time now. Revenue jumped 20% year-over-year to $814 million, driven by increased adoption of the company's
It almost feels like a different era when people used to carry all those BlackBerry (BB) handsets that were dominated by its gigantic Qwerty keypads. When Steve Jobs launched “that strange thing with no buttons” in 2007 at Macworld conference,
Darden Restaurants (DRI) reported a 41% jump in profit for the fourth quarter helped by higher sales and an increase in same-restaurant sales from its legacy brands. Despite sales coming in line with consensus, the owner of Olive Garden and
Kroger (KR) reported better-than-expected results during Q1 2018, aided by its ongoing restock Kroger initiative. Total sales during the quarter rose 3.4% to $37.5 billion, beating the consensus estimate of $37.33 billion. Kroger reported net earnings of $2 billion, or
With gun companies reporting sluggish sales and tapering stock prices, American Outdoor Brands (AOBC), the parent company of Smith & Wesson (SWCH), reported another quarter of dipping sales with a 24.9% decline in sales year-over-year at $172 million. Reported profit
Earnings of chipmaker Micron Technology (MU) increased sharply in the third quarter as higher product demand and strong execution pushed up revenues. Though the results beat analysts’ predictions, the margin was not wide enough to cheer investors and as a result,
Netflix launched its streaming services in the US in 2007. Being a pioneer in the streaming video market, the company has now evolved to become one of the largest online video service providers. Netflix made its initial public offering in
Shares of the recreational vehicle manufacturer Winnebago (WGO) surged more than 10% in the pre-market trading after the company beat analysts’ estimate during Q3 2018. The upbeat results were mainly due to the accelerated growth in the company’s Towable segment.
Computer technology company Oracle (ORCL), whose stock has remained almost flat year-over-year with not much to cheer for the short-term investors, despite beating estimates for the last three quarters, again reported results that beat consensus estimates for both top and
Broad-based revenue growth and favorable exchange rates pushed up earnings of shipping giant FedEx (FDX) in the fourth quarter. The results came in above analysts’ expectations. Following the announcement, FedEx stock recovered slightly from the sharp loss it suffered this
Micron had an amazing stock rally in the past 52 weeks, increasing as much as 87%. Yet, there are no signs of slowing down as its products continue to be in great demand owing to the craze over artificial intelligence,
Last year was a turnaround year for the IPO market when American stock exchanges witnessed around 50% growth in the number of companies going public. The initial trend in this year indicates that the overall IPO activity will be more
Adobe (ADBE) today reported better-than-expected second quarter results. The company’s revenue jumped 24% to $2.20 billion and earnings, on an adjusted basis, came in at $1.66 per share, both beating street estimates. The stock was down nearly 3% after the
Netflix is on a roll. The stock is two-and-half times what it was a year ago. And the latest AT&T merger news just gave it another push. The cable killer traded 4.43% higher at yesterday's close of $379.93. That's a
After a rugged 2017, entertainment and restaurant business operator Dave & Buster’s (PLAY) reported a beat on the consensus estimates of its top and bottom line results. Revenue soared 9.2% to $332.2 million, while earnings on a per share basis
Though primarily a show-off gala for game developers, this year’s Electronic Entertainment Expo (E3 2018) witnessed some interesting updates from Microsoft (MSFT), including an announcement that they are building a successor to Xbox One X. Meanwhile, rumors are making rounds
Semiconductor device supplier Broadcom (AVGO), reported a year-over-year jump of 20% in its revenue to $5.01 billion topping analyst estimates, driven by double-digit growth in its wireless, enterprise and industrial segments. Earnings came in at $3.73 billion, significantly higher from the
Thanks to the rising jet fuel expenses, Delta Air Lines (DAL) anticipates lower earnings in the current quarter than what it expected only two months back. In a filing released on Wednesday, the company lowered its profit guidance for the
Shares of food and beverages company JM Smucker (SJM) dropped sharply Thursday after its fourth-quarter results missed Wall Street estimates. While earnings registered a year-over-year increase, sales remained flat. Adjusted earnings advanced to $1.93 per share from $1.80 per share
