Shares of Nike Inc. (NYSE: NKE) rallied by afternoon trade after the sports apparel and footwear maker reported better-than-expected fiscal third quarter results, late last evening.
Continue reading Major Movers on March 22; NKE, TIBX, MU, TECD, MDLZ, TIF
Shares of Tiffany & Co. (NYSE: TIF) edged up on Friday after the high-end Jewelry maker reported better-than-expected results thanks to robust revenue growth in Asia.
Continue reading Tiffany’s Q4 Results Beat Estimates, Outlook Upbeat (TIF)
Athletic and yoga pant maker, Lululemon Athletica Inc. (NASDAQ: LULU) reported better-than-expected fiscal fourth quarter earnings and revenue on Thursday; nonetheless, the Company warned that fiscal first quarter and full-year results will feel the pinch due to a product recall.
Continue reading Lululemon Beats Q4 Estimates but Outlook weighed by Product Recall (LULU)
Shares of Oracle Corporation (NASDAQ: ORCL) were hammered in premarket trading. The enterprise software handed lower-than-expected fiscal third quarter earnings and revenue, late last evening.
Continue reading Major Movers on March 21; ORCL, GES, LULU, YHOO, KBH
Shares of home builder, Lennar Corporation (NYSE: LEN) gained on Wednesday after the company reported fiscal first-quarter results which comfortably beat Street’s estimates as revenue soared thanks to increase in home deliveries and higher home prices in the backdrop of significantly improving housing market. Orders and backlog, two most important gauges on homebuilding sector as they indicate future business, also posted a double digit growth.
Continue reading Lennar Beats Q1 Estimates, Orders and Backlogs See Staggering Growth (LEN)
Shares of Francesca’s Holdings Corp. (NASDAQ: FRAN) rallied on Wednesday after the boutique chain, late last evening, reported better-than-expected fiscal fourth results and provided guidance on the current quarter and full-year which matched Street’s estimates.
Continue reading Major Movers on March 20; FRAN, FDX, GIS, WSM, ADBE
Thanks to customers’ growing inclination towards subscription based mode, Adobe Systems Inc (NASDAQ: ADBE) handed better-than-expected fiscal first quarter results and lifted its outlook on full-year results.
Liberty Media Corp. (NASDAQ: LMCA) announced on Tuesday that it has agreed to acquire 27.3% stake in the cable TV provider, Charter Communications Inc. (NASDAQ: CHTR) in a deal estimated at $2.62 billion or $95.50 a share, which represents a discount of 3% on Charter’s closing stock price as of Monday March 18th.
Continue reading Liberty Media to Buy 27.3% Stake in Charter Communication (LMCA, CHTR)
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the maker of yoga and athletic apparels said last evening that it will pull out its signature black luon fabric yoga pants from its stores, showroom and e-sales website after it was found that certain batch had “unacceptable level of sheerness”, the Company said.
Continue reading Major Movers on March 19; LULU, AFFY, EA, SKUL, BKW, WAG
Skullcandy Inc. (NASDAQ: SKUL) announced on Monday that it has appointed Hoby Darling as the new President and CEO as the embattled headphone maker looks to transform itself in the backdrop of changing dynamics in the audio category.
Continue reading Former Nike Executive, Hoby Darling Appointed Skullcandy’s CEO (SKUL)