Amazon shares plummeted -11% on Friday, amidst disappointing revenue outlook. The e-commerce company's third-quarter revenue climbed +14.7% from the year-ago quarter to $127.10 billion, missing analysts' expectations of $127.46 billion (according to Refinitiv). Earning for the quarter came in at 28 cents per share. For the fourth quarter, Amazon predicted revenue in the range of $140 billion...
Alibaba Group Holding Limited shares got a price target cuts from JPMorgan Chase & Co and Morgan Stanley analysts who cited sales concerns amidst softening demand conditions. According to Bloomberg reports on analysts’ views, Alibaba’s sales outlook for the September quarter is dampening on soft China consumption. JPMorgan slashed its price target for Alibaba to $135 from $145, mentioning...
Bed Bath & Beyond posted a adjusted loss per share of -$3.22 for the three months ending August, wider than the -$1.85 expected by analysts' polled by Refinitiv. Revenue came in $1.44 billion, plunging -28% from the year-ago quarter. The figure also missed analysts’ estimate of $1.47 billion. According to Interim CEO Sue Gove’s statement in a news release, the home goods retail company’s...
Chewy posted its quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of a loss of $0.12 per share. It incurred a loss of $0.04 per share a year ago. The online pet-products retail company’s revenue was $2.43 billion for the July quarter, was slightly below the $2.45 billion expectations among Wall Street analysts (according to FactSet estimates) . Chewy’s net sales...
eBay adjusted earnings for the second quarter came in at 99 cents per share, exceeding expectations of 89 cents. The company’s revenue fell -9% from the year-ago quarter to $2.42 billion, topping expectations of $2.37 billion. The y/y decrease was attributed to the softening transactional activities on eBay’s and weakening marketing services. Active buyer base fell -12% y/y to 138 million as...
Amazon posted a second-quarter loss of -$2 billion, or -20 cents a share. The loss was attributed partly to its investment in electric truck manufacturer Rivian. It is also the first time that the e-commerce giant has posted back-to-back quarterly losses since the second and third quarters of 2014. In the year-ago quarter, Amazon reported earnings of 76 cents a share. The company’s revenue in...
Chewy posted its first quarter earnings that handily topped analysts expectations. The pet retail company’s earnings for the quarter came in at $0.04 EPS, compared to the consensus estimate of a loss of ($0.13), MarketWatch Earnings reports. Revenue rose +13.7% from the year-ago quarter to $2.43 billion during the quarter, vs. analysts’ expectations of $2.41 billion...
Amazon posted its quarterly results that missed analysts’ expectations. The e-commerce company’s earnings came in at $7.56 per share for the quarter, falling short of Thomson Reuters’ consensus estimate of $9.33 (according to MarketWatch Earnings report). Revenue rose +7.3% from the year-ago quarter to $116.44 billion during the quarter, compared to the consensus estimate of $116.52 billion...
Bed Bath and Beyond reported a fourth-quarter loss, resulting in a negative surprise for analysts. The home goods retail company also mentioned challenges slowing consumer demand. The company incurred a loss of -92 cents, vs. profit of +3 cents expected by analysts polled by Refinitiv. Revenue plunged -22% from the year-ago quarter to $2.05 billion, missing expectations of $2.07 billion...
Chewy Inc. reported earnings and revenue that missed analysts’ expectations. The online retailer of pet food and other pet products reported a loss per share of -$0.15 for the fourth quarter, steeper than analysts’ expectations of a loss of -$0.06 a share. Revenue of $2.39 billion came in lower than analysts’ expectation of $2.42 billion. Chewy mentioned that there were uptrends in site...
JD.com reported its fourth-quarter earnings that exceeded analysts’ expectations, even amid slower sales growth. The Chinese e-commerce company’s adjusted earnings per ADR came in at 2.21 yuan (35 cents) , well above 28 cents expected by analysts polled by FactSet. Earnings were also higher compared to the year-ago quarter’s 1.49 yuan. Net revenue in the quarter grew +23% year-over-year to...
Etsy’s fourth quarter earnings surpassed analysts’ expectations. The e-commerce company’s adjusted earnings came in at $1.11 a share, well above analysts’ expectations of 79 cents. Revenue increased +16% from the year-ago quarter to $717.1 million, vs. analysts’ estimate of $684.5 million. Gross merchandise sales per active seller rose +16% to reach an all-time high of $136. More than half of...
Amazon posted its fourth quarter earnings that handily topped analysts’ expectations. The e-commerce behemoth’s earnings came in at $5.80 a share, compared to $3.57 expected by analysts polled by a Refinitiv survey. Revenue for the quarter was $137.4 billion vs $137.6 billion expected, according to a Refinitiv. The company projects first quarter revenue in the range of $112 billion and $117...
If you could go back in time to 1990, which industries would you invest in? An article in the Los Angeles Times, written on January 2, 1990, recommended IBM, Eastman Kodak, and McDonald’s Corp as the “hot stocks” for that year. Have they stood up for three decades? IBM has been declining since 2009, so it almost made the twenty-year mark. Kodak is still around but opened under $10 a share...
Chewy posted a third quarter loss wider than what analysts had expected. The online pet retailer posted a loss of -8 cents a share, vs. analysts’ expectations of -4 cents a share. Net sales rose +24% from the year-ago quarter to $2.21 billion, in line with analyst’s expectations. Active customer count increased +15% year-over-year to 20.4 million. Net sales per active customer increased by a...
Bed, Bath & Beyond shares nearly doubled in after-hours trading Tuesday, following news of the home retail company’s distribution partnership with Kroger Co. Bed, Bath also said that it would complete its $1 billion share buyback program by the end of its fiscal year. Bed, Bath & Beyond said the deal will lead to its signature and 'BuyBuy Baby' products sold on Kroger.com, as well as in the...
Bed Bath & Beyond reported its fiscal second quarter earnings that were lower than expected by analysts. The home goods retail company also cut its full-year profit outlook. Bed Bath & Beyond’s adjusted earnings for the three months ending in August came in at 4 cents per share, well below the 52 cents per share expected by the Street. Revenues fell -26% from the year-ago quarter to $1.98...
Amazon said it would hire another 125,000 employees in its logistics facilities, in some states in the U.S. The roles offered at warehouses and package sorting centers will have an average pay of $18 an hour and up to $22.50 an hour in some locations. Dave Clark, Amazon's chief executive for the e-commerce company’s worldwide consumer division, said in a statement that the company is offering...
It also reported a wider-than-expected loss for its fiscal second quarter.
Chewy reported a diluted loss of -4 cents a share, sharper than the -2cents loss a share expected by analysts polled by FactSet.It incurred a loss of -8 cents a share in the year-ago period.
The company’s sales came in at $2.16 billion, compared to the $2.2 billion estimated by analysts in FactSet survey.
eBay posted its second quarter earnings that surpassed analysts' expectations, even as revenue missed estimates. The e-commerce company’s earnings came in at 99 cents a share, compared to the 96 cents expected by analysts polled by Investing.com. Revenue of $2.67 billion fell short of analysts expectation of $3 billion. Gross merchandise volume was $22.1 billion in the quarter, down -7% on an...