Almost a year ago, cannabis firm Tilray (NASDAQ: TLRY) went public to much fanfare. Within just around 50 days of trading, the stock had propelled almost 800% as investors rushed in to take advantage of the possibilities weed legalization would offer. The mad rush towards cannabis stocks seems to have ended a year since then,…
Home improvement retailer Home Depot (NYSE: HD) will be reporting second-quarter results on August 20 at 6:00 AM ET, after a relatively weak start to the year. The general outlook is positive, with market watchers predicting a rebound in comparable sales growth. The effective integration of offline and e-commerce channels holds the key to reporting…
Image for representation only. Photo courtesy: Chokniti Khongchum (Pexels)Oncology drug development company Celsion Corporation (NASDAQ: CLSN) Thursday reported a narrower net loss for the second quarter of 2019, reflecting a decrease in operating expenses. The company reported a net loss of $5.9 million or $0.29 per share for the June quarter, marking an improvement from…
Biotech company Bio-Path Holdings (NASDAQ: BPTH) reported a loss of $2.5 million or $0.87 per share for the second quarter ended June 30, 2019, compared to a loss of $1.7 million or $2.96 per share for the second quarter ended June 30, 2018. Bio-Path has not generated significant revenues to date. The company’s revenue generation…
J.C. Penney Company Inc. (NYSE: JCP) surpassed market estimates on bottom-line for the second quarter of 2019 but reported lower-than-expected revenues. Total revenues were $2.62 billion, down 7.4% compared to the year-ago quarter, and lower than the street view of $2.71 billion. Net sales fell 9.2% year-over-year to $2.51 billion as comparable sales plunged 9%.…
Walmart Inc. (NYSE: WMT) reported better-than-expected revenue and earnings for the second quarter of 2020, sending shares rising 7% in premarket hours on Thursday.    Total revenue inched up 1.8% year-over-year to $130.4 billion, beating estimates of $130.2 billion. On a constant currency basis, revenues rose 2.9% to $131.7 billion. Net income attributable to Walmart…
Alibaba (NYSE: BABA) stock inched up above 3% in the pre-market trading hours after the e-commerce giant reported better-than-expected first quarter results. As expected, revenue growth tapered off compared to last quarter, while adjusted earnings growth improved sequentially. Shares of the firm has increased 19% this year, but has dropped 6% in the last 12…
Agilent Technologies (NYSE: A) stock surged above 8% after the bell as the company raised its full-year headline numbers. Third quarter results also came in ahead of estimates. The company’s stock is down 20% since March and down 13% since May after the company lowered its full-year guidance due to weak sales from the life…
Chinese online discount retailer Vipshop Holdings (NYSE: VIPS) reported second-quarter results that surpassed analysts’ estimates. Adjusted net income for the quarter came in at RMB 1.58 ($0.23) per ADS, higher than the analysts estimate of 15 cents per share. Revenues improved by 9.7% to RMB 22.7 billion ($3.3 billion), primarily driven by the growth in…
Arcadia Biosciences (NASDAQ: RKDA) swung to profit in the second quarter from a loss last year, helped by the change in the fair value of common stock warrant and common stock adjustment feature liabilities. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates. Net income was $4.24 million or $0.84 per…