Marvell Technology Group Ltd. (NASDAQ: MRVL) reported late on Thursday that its fiscal first-quarter earnings slumped 44% as higher operating costs and lower revenue weighed on the bottom line; however, shares rallied about 5.20% in aftermarket hours as adjusted earnings and revenue topped Wall Street’s expectations.
Continue reading Marvell Technology Provides Upbeat Q2 Guidance, Shares Rally (MRVL)
Workday Inc. (NYSE: WDAY) gained on Thursday after the software provider for financial and human resources management said late last evening that sales soared 61% in the fiscal first quarter. The Company not only topped revenue estimate but adjusted loss was also lower-than-expected. Workday also raised its full-year revenue guidance.
Continue reading Major Movers on May 23; WDAY, HPQ, LPS, HEI, DLTR
Discount retailer, Dollar Tree Inc. (NASDAQ: DLTR) reported on Thursday that its fiscal first-quarter earnings increased 15%, driven by stronger-than-expected growth in comparable-store-sales.
Continue reading Dollar Tree Lifts FY Outlook, Shares Gains (DLTR)
Shares of WellQuest Medical & Wellness Corp. (OTC: WEQL), a provider of an integrated medical delivery site with family physician healthcare services, preventive/wellness services, and medical skin-care services, are seeing a huge rally in trading today. At last check, WEQL shares were trading 266.67% higher at $0.110 on above average volume of 3.42 million. The stock hit a 52-week high of $0.17 earlier today.
Hewlett-Packard Company (NYSE: HPQ) reported late on Wednesday that its fiscal second-quarter profit fell 32% as revenue declined across all segments; however, shares rallied in aftermarket trading as adjusted earnings topped street’s estimations, thanks to cost cutting measures. The Company also provided optimistic guidance for the current quarter.
Shares of Zale Corp. (ZLC) catapulted more than 20% by afternoon trade after the jewelry retailer reported on Wednesday that it swung into fiscal third quarter profit. The Company also announced that the appointment of its new Chairman, Terry Burman, who previously served at the Chief Executive at rival firm, Signet Jewelers Ltd. For the fiscal third quarter ended April 30, Zale reported a net income of $5.05 million or 13 cents a share compared to year-earlier loss of $4.53 million or 14 cents a share. Revenue edged down 0.6% to $442.7 million, in the fiscal third quarter. Analysts’ consensus estimate was for earnings of loss of penny a share on revenue of $443 million. Gross margin widened to 52.6% from 51.3%, in the same quarter of last fiscal. Comparable-store-sales rose 1.4% while analysts’ consensus estimate was for 2% fall.
Continue reading Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS
Toll Brothers Inc. (NYSE: TOL) reported on Wednesday that its fiscal second-quarter profit climbed 46% as vastly improving U.S. housing market allowed the luxury homebuilder to sell more homes at higher average prices.
Shares of Freddie Mac (OTC: FMCC), a provider of liquidity and stability to the secondary mortgage market, are up sharply in trading today. At last check, FMCC shares were trading 12% higher at $1.69 on above average volume of 23.13 million. The stock hit a 52-week high of $1.70 earlier today. FMCC shares have gained nearly 32.70%.
For the young generation, Facebook (NASDAQ: FB) isn’t cool thing anymore. Indeed! According to a recent study conducted by the Pew Research Center, teens are showing “waning enthusiasm” for the social networking site, reported All Things Digital, a technology blog on Tuesday.
Continue reading Teenagers Like Twitter More Than Facebook (FB)
Shares of Carnival Corporation (NYSE: CCL) fell about 4.30% by afternoon trade after the cruise company late on Monday downwardly revised its full-year outlook. Higher costs, current pricing strategy has resulted in more-than-expected dip in revenue yields, the Company said. Besides, higher-than-expected number of voyage cancellations is also expected to weigh on the top line. Carnival Corp now expects earnings of $1.45 to $1.65 a share down from its initial guidance of $1.80 to $2.10 a share. Revenue yields are expected to drop between 2% and 3% compared to original forecast of flat revenue yields.
Continue reading Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN