CarMax, Micron, Under Armour and others
Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus estimate of 70 cents, and its comparable used-vehicle sales were down 22.4% versus FactSet’s […]
Under Armour, Micron Technology and more
Shoppers pass an Under Armour store in White Plains, New York.Scott Mlyn | CNBCCheck out the companies making headlines after the bell: Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street’s expectations. Micron Technology also said it expects a […]
Rite Aid, Nike, Six Flags and more
Vehicles sit parked outside of a Rite Aid Corp. storeLuke Sharrett | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal […]
Rite Aid, Nike, FedEx and others
Check out the companies making headlines before the bell:Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. However, the drugstore operator lowered its full-year guidance due to various issues, including seasonal markdowns.Nike […]
Infographic: Adobe (ADBE) Q3 earnings beat Street view; revenue up 13%
[ad_1] Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday announced third-quarter results, reporting adjusted earnings that increased year-over-year and topped expectations. At $4.43 billion, third-quarter revenues were up 13% from the prior-year period and matched the market’s projection. The top line benefited from strong growth by the core operating segments. Net profit, excluding special […]
Altria (MO): A few points to keep in mind if you are considering this tobacco giant
[ad_1] Shares of Altria Group Inc. (NYSE: MO) were down on Wednesday. The stock has dropped 11% year-to-date and 15% over the past 12 months. There is a mixed sentiment surrounding the stock in general. Even though a challenging operating environment and losses on investments have cast a shadow on the company’s prospects, there are […]
Oracle Stock: ORCL is worth adding to your portfolio. Here’s why
The transformation of Oracle Corporation (NYSE: ORCL) from a software firm into a diversified cloud solutions provider accelerated in recent years aided by the mass adoption of digital technology across industries. While overcoming the slowdown in its legacy business, the new model enabled the company to become an industry leader with cloud-powered AI and machine-learning […]