Earnings

Chinese streaming firm Tencent Music Entertainment delivered its first earnings report as a public company, meeting market expectations but exposing soaring licence and content production costs which pulled its shares down 6 percent. The U.S.-listed company’s shares have gained about 43 percent since debuting in December, but its results published on Tuesday highlight the need
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Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. Shares were up more than 18 percent in extended trading, exceeding $120 per share. Here’s how the company did compared with Wall Street estimates: Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus
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Cloudera plummeted as much as 15 percent in extended trading on Wednesday after the developer of software for managing and analyzing large amounts of data provided an outlook that disappointed investors. It’s Cloudera’s first earnings report since closing the $5.2 billion merger with smaller rival Hortonworks. The company said that the combined entity will generate
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Goldman Sachs told clients to stay away from Tesla shares, predicting significant downside in the wake of weaker-than-expected demand for its electric vehicles and rushed decisions by management. “We maintain our sell rating, and now expect 1Q19 deliveries/earnings to disappoint,” wrote analyst David Tamberrino in a note to clients Wednesday. Tamberrino’s 12-month price target is
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ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest. ADT’s shares fell more than 10 percent in after-hours trading. Security products such as Google Nest, SimpliSafe and Frontpoint can be self-installed, have a lower monthly fee
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American Eagle Outfitters forecast current-quarter profit below analysts’ estimates on Wednesday as the apparel maker spends more on advertising and new Aerie store openings. The company’s shares fell 4 percent in after-hours trading. American Eagle has rapidly increased marketing expenditure on its Aerie line of lingerie, using it as a sales driver while the company
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Kroger on Thursday reported quarterly earnings and revenue that fell short of analysts’ expectations, sending its shares sharply lower before the markets opened. Shares of the company plunged 10 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on average analyst estimates compiled by Refinitiv: Earnings per
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Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84 million. That’s far short of the $91 million analysts polled by Refinitiv had forecast. The stock fell as much as 25 percent in after-hours trade. It was last
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Eventbrite shed a third of its value Friday after revealing operational challenges around its Ticketfly acquisition. The stock traded below its IPO price of $23 for the first time since debuting on the public markets in September. The plunge marks a 43 percent drop from the stock’s all-time high of $40.25. Eventbrite beat revenue expectations
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Kohl’s shares jumped 5 percent in premarket trading Tuesday after the company reported better-than-expected earnings and sales during the crucial holiday shopping season. Sales at stores open for at least 12 months were also surprisingly improved, rising 1 percent during the fiscal fourth quarter ended Feb. 2 over the same period the previous year. Analysts
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Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8 percent from a year earlier to between $250 million and $268 million. Analysts were expecting
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HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
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Department store operator Nordstrom on Thursday reported better-than-expected quarterly profit but missed Wall Street’s sales estimates, as customers bought more merchandise at its off-price stores and less at its full-price stores. Nordstrom, like other brick-and-mortar retailers, has struggled to react to consumers moving towards fast-fashion brands and online outlets rather than visiting malls. “In full-price,
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