GameStop Corp. (NASDAQ: GME) stock has risen over 40% in the past month as investors believed the video game retailer has started recovering from the debacle. However, the road to recovery is expected to take time as the company has just started on store closure and management change. Over the past three quarters, the company…
The coffee culture that permeates across America is becoming popular in other parts of the world also. To take the full advantage of the growing penchant for caffeine, industry leader Starbucks Corporation (NASDAQ: SBUX) has been busy innovating the business both at home and abroad, with focus on capturing new markets and revamping the menu.…
Zynerba Pharmaceuticals (NASDAQ: ZYNE) stock retreated on Wednesday after serious adverse events in phase 2 clinical trial of transdermal cannabidiol gel, Zygel. The shares were weak lately as the stock has fallen over 17% in the past month and over 31% in the past three months. Investors remained concerned about the company’s future and raised…
Even as the strike called by United Auto Workers union and participated by around 50,000 workers against General Motors (NYSE: GM) enters the third day, investors have mostly remained indifferent. Analysts also seem to have taken the incidents lightly, though each day of the strike is expected to result in a revenue loss of $50…
Last month, the shares of e-commerce firm Shopify (NYSE: SHOP) reached a new peak at the New York Stock Exchange, but pared some of the gains later. The stock has an impressive track record and is bound to bounce back. The company’s market value more than doubled so far this year, outperforming the sector and…
General Mills (NYSE: GIS) reported a 33% jump in earnings for the first quarter helped by lower costs and expenses as well as a lower effective tax rate and a decline in net interest expense. The results exceeded analysts’ expectations. However, the company reaffirmed its fiscal 2020 guidance, which fell short of the Street’s view.…
Advanced Micro Devices (NASDAQ: AMD) stock has risen over 73% in the year so far as the demands for chips are on the surge from many PC makers. In contrast, Intel Corporation (NASDAQ: INTC) has risen over 11% since this year. Till last month, the trade tariffs and weakness in the graphics channel remained the…
Chewy Inc. (NYSE: CHWY) reported better-than-expected revenue for the second quarter of 2019 but missed earnings forecasts, causing the shares to fall 3.5% in aftermarket hours on Tuesday.   Net sales increased 43% year-over-year to $1.15 billion, beating estimates of $1.14 billion.   Net loss was $82.8 million, or $0.21 per share, compared to $63.1…
Revenues of Adobe, Inc. (NASDAQ: ADBE) increased sharply in the third quarter of 2019, benefiting from the stable demand for its products in the key business segments. Consequently, earnings of the publishing software company rose 18% and surpassed the market’s prediction. Meanwhile, the stock declined during Tuesday’s extended trading session after the management provided weak…
Logistics giant FedEx (NYSE: FDX) reported its first quarter 2020 earnings results that missed analysts’ views. The company also lowered its guidance for full-year 2020. FedEx stock was trading down about 7% in the extended trading session. FedEx reported adjusted earnings of $3.05 per share on revenue of $17.05 billion. The market had expected FedEx to…