Is it Time to Buy DOCU After Strong Q3 Performance Boosts Shares 3%?
DocuSign (DOCU) reported strong third-quarter earnings yesterday that sent shares 3% higher in Friday morning’s trading session. The stock has now rallied more than 8% in the past week. Revenue for the quarter climbed 9% YoY to $700.4 million, well above the Wall Street consensus of $690 million. DocuSign also outperformed the analyst consensus on the bottom line, reporting [...]
Chewy Misses on Revenue, Surprises on Earnings: 3 Things Investors Need to Know as the Stock Falls
Chewy (CHWY) fell more than 11% this morning after the online pet supply store delivered third-quarter earnings with a mixed bag of results. While revenue lagged, an earnings beat was a positive surprise. The company reported revenue of $2.74 billion, a slight improvement year over year compared to the $2.53 billion reported in 2022. However, this figure did fall [...]
Is Campbell Soup a Strong Buy After Surpassing Analyst Expectations?
Campbell Soup (CPB) is more than America’s staple soup brand or a famous Andy Warhol painting; The Campbell Soup Company is a potential stock pick. The recent rate hikes and food inflation felt nationwide have made brands such as Campbell Soup a popular alternative for American families, but is that popularity transferring over into the stock market? Campbell seems [...]
Shares of Box Fall 8% on Weak Earnings and Outlook, Is It Time to Sell Though?
Box Inc. (BOX) shared fiscal third-quarter earnings alongside sales guidance for the remainder of the year late Tuesday that left much to be desired in the eyes of investors. A corresponding sell-off sent shares more than 13% lower in extended trading. They’ve settled at around an 8% loss so far this Wednesday morning. The company reported somewhat underwhelming results [...]
GTA VI Trailer Drops Today, and Take-Two Stock is Dropping With it: 3 Things Investors Need to See
All eyes within the gaming world are on Rockstar Games today, a studio owned by Take-Two Interactive Software (TTWO). The studio is known for games like Red Dead Redemption, NBA 2k, but more notably, the Grand Theft Auto lineup. And after more than 10 years, the latest iteration in the GTA series has life. Rockstar Games is set to [...]
Spotify Climbs 8% After Announcing Workforce Cuts: Is This Good News For Investors, Though?
It was a bad start to the week for a big chunk of Spotify’s (SPOT) workforce after the company announced Monday morning that 17% of jobs would be cut. CEO Daniel Ek didn’t mince words, admitting that many smart, talented, and hardworking individuals would be let go. This is now the third round of job cuts in 2023. The [...]
