Adobe Inc. (NASDAQ: ADBE) reported a 26% jump in earnings for the fourth quarter of 2019 as stable demand for its products, favorable market conditions, and a strong customer base drove revenues higher. The results exceeded analysts’ expectations. Net income jumped by 26% to $851.9 million or $1.74 per share. Adjusted earnings increased by 25%…
— China-based esports streaming platform Huya Inc. (NYSE: HUYA) reported its third-quarter 2019 adjusted earnings of $0.12 per American Depository Shares versus $0.11 per ADS expected. — Total net revenues jumped by 77.4% to $316.9 million versus $305.03 million expected. The results were driven by higher live streaming revenues as well as rising demand from…
McCormick & Company Incorporated (NYSE: MKC) surpassed analysts’ expectations for earnings in the third quarter of 2019 but revenues came in shy of estimates. The stock climbed 1.9% in premarket hours on Tuesday. Net sales inched up 1% to $1.32 billion from the prior-year period, but fell below forecasts of $1.34 billion. In constant currency,…
After reaching a tentative truce agreement with the striking workers, General Motors (NYSE: GM) is preparing to report third-quarter results on October 29 at 8:00 am ET. The automotive giant is expected to have earned $1.31 per share on revenues of $33.82 billion, down 5% from last year. North America, which accounts for more than…
The uncertainty over the future of the American apparel industry intensified after the trade war erupted. Since most clothing retailers depend on Chinese imports to source their materials, the latest round of tariff is bound to impact their businesses negatively. Meanwhile, the reports of a possible trade truce between the US and China have brought…
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…
It was quite an interesting year so far for the IPO market with over 100 companies making their public debut. These include some of the most-watched companies such as Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), Beyond Meat (NASDAQ: BYND), CloudStrike (NASDAQ: CRWD) and Pinterest (NYSE: PINS). Let’s take a look at the nine stocks that…
Though Boeing’s (NYSE: BA) stock is recovering from the selloff that followed its dismal second-quarter results in August, the pace of recovery is sluggish. In a sign that the 737 Max crisis is taking a toll on its finances, the company reported a net loss for the quarter, after staying in the positive territory consistently…
— Crocs Inc. (NASDAQ: CROX) reported its third-quarter 2019 earnings of $0.51 per share and adjusted earnings of $0.57 per share. This is compared to the analysts’ expectations of $0.40 per share. — Revenues grew by 20% to $312.8 million versus $302.06 million expected. Currencies negatively impacted revenue by about $3 million while store closures…
Chewy Inc. (NYSE: CHWY) is scheduled to report second quarter 2019 earnings results on Tuesday, September 17, after the market closes. Analysts expect the company to report a loss of $0.11 per share on revenue of $1.14 billion. The company’s topline numbers have benefitted from growth in pet food sales as well as supplies, medicines,…