The Estée Lauder Companies Inc. (NYSE: EL) is set to release its earnings results for the fourth quarter on Monday before the market opens. The bottom line will be hurt by the costs associated with its investment in new technologies and geographic markets for achieving its long-term strategy. The results will be impacted by the…
Shares of General Electric (NYSE: GE) on Thursday suffered their biggest intra-day loss in recent times and closed the session down more than 10%. The mass selloff, which followed revelations by forensic accountant Harry Markopolos that GE engaged in accounting fraud, came at a time when the engineering juggernaut is struggling with multiple challenges. In…
Pinduoduo Inc. (NASDAQ: PDD) is scheduled to report second quarter 2019 earnings results on Wednesday, August 21, before the opening bell. Analysts expect the company to report a loss of $0.25 per share on revenue of $865 million. Pinduoduo’s strong revenue growth along with the double-digit increases in the number of annual active buyers and…
Dillard’s (NYSE: DDS) reported its second quarter of 2019 earnings results after the market closed yesterday. The department store chain’s loss widened in the quarter, missing the analysts’ estimates. Dillard’s stock, which closed down 3.7% at $58.76 yesterday, hit a new 52-week low today morning when it opened at $47.95. Sales decreased 3% year-over-year to…
Software company Splunk (NASDAQ: SPLK) is slated to report second-quarter 2020 financial results on August 21, Wednesday, after the regular trading hours. During the last earnings announcement, the company had posted better-than-expected results and had raised its full-year guidance, on strong demand for its software that helps firms analyze internal data. Splunk will be hoping…
There has been a great deal of concern among investors about Urban Outfitters (NASDAQ: URBN) due to the lifestyle retailer’s dismal performance in the stock market. As the company prepares to publish results for the second quarter of 2020 on August 20 at 4:10 pm ET, the general sentiment is not very optimistic. Analysts, on…
Chinese fintech firm Qudian (NYSE: QD) on Friday reported second-quarter results that were better than the street projection, sending its shares up 4.7% immediately following the announcement. On an adjusted basis, earnings came in at 59 cents per share, 8 cents higher than expected. Despite the slowdown in the Chinese economy, Qudian reported flat year-over-year…
Semiconductor firm Nvidia Corporation (NASDAQ: NVDA) reported lower earnings and revenues for the second quarter. The results, however, topped the Street view. The stock moved up about 6% during Thursday’s after-hours session, following the announcement. Adjusted earnings came in at $1.24 per share in the second quarter, a decrease of 36% from the corresponding period…
Applied Materials (NASDAQ: AMAT) reported a 44% dip in earnings for the third quarter as weak performance from all the three segments hurt net sales. However, the results exceeded analysts’ expectations. Further, the chip equipment maker guided fourth-quarter revenue and earnings within the consensus estimates range. Net income plunged by 44% to $571 million or $0.61…
Sina Corp. (NASDAQ: SINA) is scheduled to report its earnings results for the second quarter on Monday, August 19, before the market opens. The online media company’s results are likely to be hurt by slower growth in portal advertising and negative currency translation impact despite an increase in Weibo (NASDAQ: WB) advertising revenue. Weibo is…