Exxon Mobil is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business. The development is a sea change for a company that has stood out from rivals by limiting its past activity out of
Earnings
Cloud security firm Zscaler soared as much as 37 percent Thursday, a day after reporting that its billings surged in the company’s third quarter ended April 30. Shares traded as high as $42.16 on Thursday, up from Wednesday’s close of $30.65. The stock closed 23 percent up at $37.79. The company reported revenue growth of
Shares of Cloudera and MongoDB dropped in extended trading even after the two developers of open-source data software reported better-than-expected first-quarter financials. Cloudera fell as much as 10 percent to $15.50 after hours, while MongoDB declined as much as 5.6 percent to $48.41. The two companies were part of a crop of software vendors founded
GameStop on Thursday reported first-quarter same-store sales that missed analysts’ estimates due to a drop in sales of video game hardware and software at its outlets. Shares of the world’s largest video game retailer fell 4 percent to $12.65 in extended trading. GameStop said its comparable store sales fell 5.3 percent in the latest quarter
Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as revenue jumped 25 percent, sending the company’s shares to an all-time high in after-hours trade. Second-quarter earnings are expected to be between 46 and 48 cents per share on revenue of $660 million to $665 million, the Vancouver-based company said
Warehouse club operator Costco Wholesale reported third-quarter results that topped analysts’ estimates, but price cuts and higher freight costs weighed on its gross margins, sending its shares lower in extended trading. The retailer has aggressively cut prices in order to lure back customers to its wholesale supermarkets, following Amazon.com’s foray into brick-and-mortar retail with the
Investors betting on buying in bulk have been rewarded this year. Shares of wholesale retailer Costco have jumped more than 7 percent this year, outperforming retail stocks and the broader market in that time; the S&P retail ETF (XRT) has risen more than 4 percent in 2018. Some strategists say the stock can continue to
Discount store operator Dollar Tree on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather. Sales at established stores open for more than a year rose 1.4 percent, lower than the average analysts’ estimate of 2.19 percent, according to Thomson
Dollar General missed Wall Street forecasts for same-store sales on Thursday as the discount store chain faced weaker demand for apparel and home products because of cold weather. The news drove the company’s shares down 6.4 percent to $90.35 in premarket trading. Customer traffic at established stores was hit by unseasonably cold and damp weather,
Sears Holdings on Thursday announced another round of store closures as it reported worse-than-expected fiscal first-quarter earnings, where same-store sales tumbled nearly 12 percent. Sears shares fell more than 9 percent in premarket trading on the news. The stock has dropped more than 50 percent from a year ago to trade around $3.20. Looking for
Box investors came into Wednesday’s quarterly report with high expectations after the stock’s 32 percent rally this year. Even though the company’s fiscal first-quarter results topped estimates, the shares dropped as much as 10 percent Thursday morning. Here are the key numbers from the report: Earnings: Excluding certain items, loss of 7 cents per share