— The Children’s Place, Inc. (NASDAQ: PLCE) reported adjusted earnings of $3.03 per share for the third quarter of 2019, vs. $3.02 per share expected.
— Net income was $43.0 million or $2.77 per share, compared to $49.9 million or $3.03 per share in the three months ended November 2018.
— Net sales increased 0.4% annually to $524.8 million, vs. $533.99 million expected, aided by a 0.8% rise in comparable retail sales
— Opened six stores and closed 12 stores in Q3, and ended the quarter with 955 stores and square footage of 4.5 million
— During the quarter, repurchased 414 thousand shares for about $33 million and paid a quarterly dividend of $0.56 per share
— For the fourth quarter, expects net sales in the range of $504 million to $509 million; sees a mid-single-digit drop in comparable retail sales
— Expects Q4 adjusted earnings per share to be in the range of $1.48 to $1.68
— For fiscal 2019, predicts net sales to be in the range of $1.862 billion to $1.867 billion; comparable retail sales expected to drop 3%
— Expects full-year adjusted earnings per share to be in the range of $5.00 to $5.20
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard