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Alice Melao

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Lululemon Athletica (NASDAQ: LULU) Q3 profit beats estimates, lifts FY19 forecast

Lululemon Athletica (NASDAQ: LULU) reported a 33% jump in earnings for the third quarter of 2019 helped by higher revenue as well as double-digital growth in the comparable sales. The results exceeded analysts’ expectations. Further, the company lifted its revenue and earnings guidance for the full year 2019. Net income climbed by 33% to $126…

GameStop’s stock stays in the doldrums after disappointing quarter

GameStop Corp.’s (NYSE: GME) shares were down over 18% in afternoon trade on Wednesday after the company reported another weak quarter. The company missed market estimates for both revenue and earnings in the third quarter of 2019. Both total sales and comparable store sales declined in the double digits with total sales missing expectations. The…

Why does it make sense to add Cisco (CSCO) to your portfolio now

Cisco Systems, Inc. (NASDAQ: CSCO) had a positive start to the year, carrying forward its transformation plan with strategic buyouts as the hardware maker seeks to evolve into a networking service provider. While retaining its leadership position in the core business, the San Jose-based firm has been diversifying into other promising areas such as cybersecurity…

HEXO Corp (HEXO) likely to report weak Q1 earnings on Dec 16

HEXO Corp (TSX: HEXO; NYSE: HEXO) is slated to report its earnings results for the first quarter of 2020 on Monday, December 16, before the market opens. The top line will be benefited by cannabis sales volume as demand continues to grow for dried cannabis and cannabis oil. However, the bottom line is likely to…

Home Depot’s stock sees a dip after providing preliminary FY2020 guidance

Shares of The Home Depot (NYSE: HD) remained down 1.8% in morning hours on Wednesday after the company provided a preliminary outlook for fiscal year 2020 that was lower than what analysts had predicted. The company reaffirmed its guidance for fiscal year 2019 and continues to expect total sales growth of approx. 1.8% and comparable…