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Mark Remy

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Urban Outfitters (NASDAQ: URBN) Q3 profit misses estimates

Urban Outfitters Inc. (NASDAQ: URBN) reported a 28% dip in earnings for the third quarter of 2020 due to higher costs and expenses. The results missed analysts’ expectations. Net income plunged by 28% to $55.65 million or $0.56 per share. However, net sales increased by 1.4% to $987 million helped by strong comparable sales. Analysts…

Macy’s (NYSE: M) Q3 earnings preview: Check margins, outlook for cues on recovery

Shares of Macy’s (NYSE: M) are yet to recover from the multi-year lows seen a few months ago, following its dismal second-quarter results. The department store chain also slashed its full-year outlook, leaving investors with little hope ahead of the third-quarter report, which is expected to be published Thursday before the opening bell. The ongoing…

Splunk (SPLK) likely to report upbeat Q3 earnings on Thursday

Splunk Inc. (NASDAQ: SPLK) will report its third-quarter 2020 earnings results on Thursday after the market closes. The results will be benefited from its transition to the subscription-based cloud model as well as the strong demand for its software. The future lies in data and Splunk’s strategy is simple and powerful to bring data to…

Bilibili (BILI) reports wider Q3 loss; revenues surge on strong user growth

China-based video-sharing platform Bilibili, Inc. (NASDAQ: BILI) reported a wider net loss for the third quarter of 2019, hurt by a marked increase in expenses. Meanwhile, revenues increased sharply as the company expanded its user base further. Third-quarter net loss, adjusted for one-off items, widened to RMB343 million($48 million) or RMB1.05 per share ($0.15 per…

TJX Companies beats Q3 estimates; raises full-year EPS guidance

The TJX Companies Inc. (NYSE: TJX) topped revenue and earnings expectations for the third quarter of 2020, allowing the stock to gain 1.2% in premarket hours on Tuesday.   Total sales increased 6% year-over-year to $10.5 billion, beating the consensus target of $10.3 billion. Comparable store sales increased 4%. Net income was $828 million, or…