LogMeIn, Inc. (NASDAQ: LOGM), a provider of cloud-based remote connectivity service, on Thursday reported third-quarter results that surpassed Wall Street predictions. The company said its revenues for the third quarter rose 2.6% to $316.9 million, ahead of analysts’ estimate of $315 million, driven by the strength of its products. Meanwhile, adjusted EPS fell by a…
True to its volatile nature, shares of Beyond Meat (NASDAQ: BYND) have been swinging between high and low this week. After soaring over 12% on Tuesday and gaining around 5% at market open on Wednesday, the stock has been fluctuating and is currently down 2% in afternoon trade. Beyond Meat has been getting attention this…
Paychex Inc. (NASDAQ: PAYX) is scheduled to report first quarter 2020 earnings results on Wednesday, October 2, before the market opens. Analysts estimate the company will report earnings of $0.68 per share. This compares to EPS of $0.67 reported last year. Revenue is projected to grow around 15% year-over-year to $991.1 million. Paychex’s growth is…
WeWork, which got rebranded as The We Company in 2019, has postponed its much-anticipated initial public offering with the completion to occur at the end of this year. The market analysts remained clueless whether WeWork is a real estate company or a technology one. They believed that the valuation is likely to be lesser than…
Cal-Maine Foods Inc. (NASDAQ: CALM) missed revenue expectations and reported a wider-than-expected loss for the first quarter of 2020. Shares were down over 5% in premarket hours on Monday. Net sales of $241.2 million were down 29.2% from the same period last year and below estimates of $254.5 million.   The company reported a net…
A slew of companies have announced major corporate restructurings to streamline operations and cut costs. Restructurings are often accompanied by facility closures, asset sales and job cuts. Let’s take a look at a few companies that have announced an overhaul of their businesses this year: HP Inc. On Thursday, HP Inc. (NYSE: HPQ) announced a…
India-based media and entertainment company Eros International (NYSE: EROS) on Tuesday reported first-quarter results that missed analysts’ expectations, even as the global subscribers for its video-on-demand platform, Eros Now, more than doubled to 21.1 million.   Net revenue for the quarter plunged 25% to $43.5 million, far below the Wall Street estimate of $66.74 million.…
HSBC (NYSE: HSBC) is undertaking cost-cutting initiatives that could result in the reduction of up to 10,000 jobs. According to a report by the Financial Times, this could result in a substantial reduction in the bank’s headcount of around 240,000 employees. These efforts are part of plans being implemented by interim CEO Noel Quinn, who…
Shares of Smart Global Holdings (NASDAQ: SGH) plunged about 15% after the company missed earnings and sales estimates for the fourth quarter of 2019 and weaker-than-expected outlook for 1Q20. Smart Global reported adjusted earnings of $0.50 per share on sales of $278.4 million. Analysts had expected specialty memory company to post earnings of $0.67 per…
Last year, Canada became the breeding ground for numerous pot stocks following the country’s decision to legalize the use of marijuana for medical and recreational purposes. What followed was a mad rush of investors to take advantage of the budding market, which is estimated to be worth $66 billion by 2025. As the market grew…