Business

Dollar Tree, Dollar General, Movado, Express and more




Check out the companies that make headlines before the clock:

Dollar Tree – Dollar Tree matched the Wall Street forecasts, with adjusted quarterly earnings of $ 1.14 per share. Revenues were above the forecasts, and the discount retailer saw the same store increase by 2.2% compared to a consensus estimate of 2.1%.

Dollar General – The discount dealer achieved $ 1.48 per share in the first quarter, 9 cents per share over estimates. Revenues also exceeded the above forecasts, and an increase of 3.8% in the same store increased the Refinitiv Consensus by a 2.9% increase.

Movado ̵[ads1]1; The watchman reported a corrected quarterly result of 24 cents per share, 7 cents per share below estimates. Revenues also missed forecasts, and Movado said the retail environment is still challenging. The company also said that economic uncertainty and currency fluctuations are potential headwinds, although optimistic about their outlook and pointed out their previous year-round forecast.

Express – The clothing retailer lost 15 cents per share, lower than the 31 cents a share of losses analysts had expected. Revenue impact forecasts and a 9% change in turnover were less than the consensus forecasts of 10.1% of analysts asked by Refinitiv.

Sanderson Farms – Poultry producer hit estimates by 18 cents per share, with quarterly results of $ 1.83 per share. Revenue also turns consensus. Sanderson said a cold, wet source in the US has put pressure on prices.

PVH Corp. – PVH reported adjusted quarterly earnings of $ 2.46 per share, and estimates by one cent per share. However, the manufacturer of Calvin Klein and Tommy Hilfiger apparel brands saw revenue estimates, and also reduced their full-year forecast as it absorbs the effect of higher China tariffs. PVH sources most of its offers from China.

Comcast – Guggenheim Securities upgraded NBCUniversal's and CNBC's stock to "buy" from "neutral" and note the growth of broadband business and say that NBCU operates at a very high level.

Palo Alto Networks – Palo Alto beat estimates by 6 cents per share, with adjusted quarterly earnings of $ 1.31 per share. Cybersecurity's revenue also peaked the Wall Street forecasts, but it provided a weaker than expected forecast for the quarter as acquisitions, negatively impacting the bottom line.

Twilio – Twilio announced a $ 750 million offer, with underwriters given the option to sell a $ 112.5 million addition to the cloud computing company.

Invitation Homes – Blackstone sold more than $ 1 billion in detached houses, launched by Blackstone after the financial crisis. The shares are now trading close to record high rising rental prices and strong demand.

Keysight Technologies – Keysight reported a corrected quarterly result of $ 1.22 per share, beating the consensus estimate of 98 cents per share. The electronics technology provider's revenue came in over Street Forecast, as well as the growth in 5G and car markets. The company also published an optimistic forecast.

Veeva Systems – Veeva beat estimates at 5 cents per share, with adjusted quarterly earnings of 50 cents per share. Revenues also exceeded forecasts. Veeva is a supplier of cloud software to the life sciences industry.

Citigroup – Citi was upgraded to "buy" from "neutral" at Goldman Sachs, who believes the bank has a realistic path to growth in key metrics next year, even without Verizon – Verizon being downgraded to "neutral" from "buy "at UBS, based on a valuation that it feels is in line with historical trends. UBS says Verizon is well positioned as a defensive investment.



Source link

Back to top button