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Home / Business / RH, Dave & Buster's, GameStop, GE, Costco and more

RH, Dave & Buster's, GameStop, GE, Costco and more



Check out the companies ahead of the headline:

RH – RH reported an adjusted quarterly earnings of $ 3.20 per share, well above the consensus estimate of $ 2.70 per share. The company, formerly known as Restoration Hardware, also saw estimates for revenue types, and the home furnishings retailer also increased its revenue guidance for the third time this year.

Dave & Buster's Entertainment – Dave & Buster's beat estimates with 6 cents a share, with quarterly profits of 90 cents a share. Revenue was slightly above Wall Street forecasts, but the entertainment-oriented restaurant operator lowered its full-year guidance, citing a "competitive environment."

GameStop ̵

1; Game Stop lost adjusted $ 32 a share for the second quarter, wider than 21 cents a share loss that Wall Street analysts expected. Moreover, the revenue of the video game retailer was low with forecasts, and sales of comparable stores fell almost 12%. GameStop also cut the sales forecast.

Charles Schwab – Schwab will cut around 600 jobs, about 3% of the discount broker's workforce. Schwab is trying to cut its spending as it tackles the impact of falling interest rates.

General Electric – GE seeks to raise up to $ 3 billion by selling shares in oil field service company Baker Hughes and reducing its stake to a minority level. GE had a 50.4% stake in Baker Hughes as of June 30.

Philip Morris – Philip Morris increased its quarterly dividend by 3 cents per share to $ 1.14 per share, an increase of 2.6% for the tobacco manufacturer's shareholders. [19659003] Costco – Costco was downgraded to "perform" from "outsource" on Oppenheimer, after a 45% annual gain for the stock trader's share. Oppenheimer said it looks less for the shares given the premium rating, although they are still positive for Costco's long-term outlook.

Micron Technology – Chipmaker's stock was upgraded to "buy" from "neutral" at Longbow Research, which points to improving pricing in the memory and flash storage chips market.

ADP – Bank of America / Merrill Lynch downgraded the provider of business outsourcing solutions to "neutral" from "purchases", noting the stock's competition and saying positive fundamentals are now largely priced in. The analyst report also notes the departure of activist investor Pershing Square from his position in ADP.

Tilray – Cannabis manufacturer requested a mixed shelf offering that includes up to $ 400 million in common stock.


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