Ebay Inc. (EBAY) is up more than 8% so far Wednesday morning after delivering impressive Q4 earnings alongside optimistic guidance for the current quarter. The online marketplace grew revenue to $2.56 billion from $2.51 billion this time last year, narrowly outperforming the FactSet consensus of $2.51 billion. This was coupled with a net income [...]
Macy’s (M) is up nearly 5% so far Tuesday morning after the retailer announced its Q4 earnings results along with its plans to rejuvenate the brand through a series of store closures, asset sales, and more. For the quarter ended on February 3rd, the company narrowed its loss to just $71 million from $508 [...]
Carvana (CVNA) jumped 38% Friday morning after the online car retailer delivered a pleasant surprise in its Q4 earnings. While the company is still losing money, it’s slowly but surely becoming more profitable - and there’s reason to be optimistic about the road ahead. The company reported revenue of $2.4 billion, falling just shy [...]
The Children’s Place (PLCE) is up more than 78% Thursday morning after news broke that an investment group came together to build a majority stake in the company. Snowball Compounding Ltd. and groups associated with Mithaq Capital (a Saudi Investment firm) teamed up to claim a 54% stake and will nominate 11 people for [...]
The world’s second-largest brewer is having a hard time getting customers on board with price increases. Heineken (HEINY) reported a drop off in the volume of beer sold for the most recent quarter, sending shares 5% lower this Wednesday morning. After increasing prices on average 10.2% around the world, the Amsterdam-based company only managed [...]
Expedia (EXPE) shared Q4 earnings after the market closed Thursday, which consisted of a mixed bag of results. There was plenty of hype leading into yesterday, but the stock tanked Friday morning in response to the news. The online travel company grew revenue 10% for the quarter to $2.887 billion. Analysts were expecting just [...]
Ford Motor (F) gained 6% Wednesday before settling around 3% after delivering Q4 earnings that surpassed expectations. The company also announced it would be issuing a special dividend. The automaker grew revenue in Q4 by 4% to $46 billion, outpacing analyst expectations - but the earnings beat stole the show. Ford reported 29 cents [...]
General Motors (GM) delivered Q4 earnings this Tuesday morning. The beat sent shares 7% higher, adding to what has been a torrent pace over the past few months as GM has now gained 37% in that timeframe. The US automaker is finally starting to find its footing after the UAW strike took its toll [...]
Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]
Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
