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Dick's Sporting Goods, Hormel, Target, Wayfair and more



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Dick's Sporting Goods – The sports retailer earned $ 1.26 per share for the second quarter, 5 cents per share above estimates. Revenues also beat the forecasts. Comparable store sales rose 3.2%, compared to a 1% consensus forecast from analysts surveyed by Refinitive. Dick's also raised its full-year forecast

Hormel – The food producer came in a penny a share ahead of expectations, with quarterly earnings of $ 0.37 per share. Revenues were mainly in line with expectations. Hormel's results were hit by a weakness in the grocery segment.

BJ & # 39; s Wholesale ̵

1; Merchants made estimates of 2 cents per share, with a quarterly profit of 39 cents per share. Revenues were slightly below Street forecasts. BJs said it ended the quarter with strong momentum and said it was confident it would deliver ahead of its previous full-year forecast.

Objective – The stock was upgraded to "buy" from "neutral" on Citi, even after Wednesday's more than 20% gain. Citi said Target will continue to prove it to be a winner in retail.

L Brands – L Brands reported adjusted quarterly earnings of 24 cents per share for the second quarter, 4 cents per share above estimates. However, sales came below forecasts, and L Brands posted a weaker earnings outlook than the current quarter, as sales in Victoria's Secret chain continue to decline. L Brands maintained its full-year earnings forecast.

Nordstrom – Nordstrom beat estimates by 15 cents per share, with quarterly earnings of NOK 0.90 per share. However, revenues were slightly below projections. Nordstrom said the bottom line was a boost from lower spending and a reduction in inventory.

Mylan – Mylan was sued by the Danish drug maker Novo Nordisk for alleged patent infringement, in an attempt to stop Mylan from marketing a generic version of Novo's diabetes drug Victoza.

Splunk – Splunk reported an adjusted quarterly earnings of SEK 0.30 per share, well above the SEK 0.12 an estimate of stock consensus. Cybersecurity's revenue also exceeded Wall Street forecasts, and Splunk lifted its revenue guidance for the entire year. Separately, the company announced the acquisition of cloud monitoring software manufacturer SignalFX for $ 1.05 billion in cash and shares.

Pure Storage – Pure Storage had a quarterly profit of NOK 1 per share, compared with an expected loss of NOK 0.4 per share. The Flash storage provider's revenue exceeded its forecasts, but it diminished its full-year outlook for the second quarter in a row. Pure Storage also announced the imminent departure of CFO Tim Ritters, who will remain until a successor is found.

Wayfair – Wayfair was upgraded to "buy" from "hold" on Stifel Nicolaus, which said a fall of 12% recently has resulted in an attractive entry point for the online furniture retailer.


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