In a report on Wednesday, Top Glove Corp (OTCMKTS: TPGVF) said that its net profit in the fiscal first quarter saw an unprecedented over 20-fold increase as the ongoing COVID-19 crisis sustained demand for gloves in recent months. The company also acknowledged production efficiency and higher selling price as…
Stagecoach Group plc (LON: SGC) said on Wednesday that its pre-tax profit came in significantly lower in the fiscal first half due to the ongoing Coronavirus pandemic that has so far infected more than 1.7 million people in the United Kingdom and caused over 62 thousand deaths. Stagecoach Group…
Chewy Inc. (NYSE: CHWY) said on Tuesday that its sales came in better than expected in the fiscal third quarter. The company also expressed confidence that its loss was narrower than what analysts had anticipated for Q3. Chewy was reported about 2.5% down in extended trading on Tuesday.
Brown-Forman Corp (NYSE: BF.B) said on Tuesday that its profit slid more than expected in the fiscal second quarter. Its sales, however, topped analysts’ estimates in Q2. Shares of the company tanked more than 1.5% in premarket trading on Tuesday but recovered almost the entire intraday gain on market…
Seeking to bolster its wallet platforms for crypto traders, Freewallet launched a fast exchange option for more than 50 supported cryptocurrencies. Skyrocketing crypto prices have increased demand for crypto and fast crypto exchanges. That’s caused traders seeking to…
AutoZone Inc. (NYSE: AZO) published its financial results for the fiscal first quarter on Tuesday that topped analysts’ estimates for earnings and revenue, despite the ongoing Coronavirus pandemic that raised novel challenges in recent months. AutoZone had also topped Wall Street estimates in the prior quarter (Q4). AutoZone…
Ashtead Group plc (LON: AHT) said on Tuesday that its pre-tax profit came in 10% lower in the fiscal second quarter. The company, however, expressed confidence that its annual financial report will be stronger than its own expectations. Ashtead shares jumped roughly 4% in premarket trading on Tuesday. On…
In a report on Tuesday, Ferguson plc (LON: FERG) said that its profit in the fiscal first quarter posted a 12.2% annualised growth on the back of easing COVID-19 restrictions that fuelled housing permits in the United States, resulting in higher demand for plumbing and heating parts in recent…
Stitch Fix Inc. (NASDAQ: SFIX) said on Monday that it swung to a surprise profit in the fiscal first quarter. The company also announced its new CFO on Monday who has previously served at Amazon. Stitch Fix was reported more than 30% up in extended trading on Monday. Including…
Coupa Software Inc. (Nasdaq: Coup) published its earnings report for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company also gave upbeat guidance for the full year on Monday. Coupe jumped roughly 4% in after-hours trading on Monday. At £251.83 per…
Cisco Systems Inc. (NASDAQ: CSCO) said on Monday that it will buy IMImobile plc (LON: IMO), UK customer service software maker, for £543 million. The deal marks the largest for Cisco in the United Kingdom since 2018. The news comes nearly a month after Cisco published its…
In a statement on Monday, Connells Ltd revealed its upwardly revised buyout offer of £164.5 million for the UK’s largest property group, Countrywide plc (LON: CWD). Countrywide had rejected the initial buyout offer from the real estate management firm last month. Countrywide shares opened about 20% up on Monday…
Ted Baker plc (LON: TED) said on Monday that its pre-tax loss in the fiscal first half widened on the back of a nearly 50% annualised decline in revenue. The company attributed its dovish performance to the ongoing Coronavirus pandemic that has so far infected 1.7 million people in…
Cloudera Inc. (NYSE: CLDR) said on Thursday that its adjusted earnings and revenue in the fiscal third quarter were better than what analysts had anticipated. At £9.23 per share, Cloudera is currently about 7% up year to date in the stock market after recovering from a low of £3.94…
DocuSign Inc. (NASDAQ: DOCU) reported its financial results for the fiscal third quarter on Friday that topped analysts’ estimates for earnings and revenue amidst the Coronavirus pandemic that fuelled demand for digital contracts in recent months. DocuSign said that its net loss in the third quarter printed at £43.53…
HD Supply Holdings Inc. (NASDAQ: HDS) said on Friday that its profit in the fiscal third quarter matched expectations, but sales came in weaker than expected. The American company struck a deal with Home Depot last month that will see it acquired by the home improvement retailer for…
Big Lots Inc. (NYSE: BIG) reported its financial results for the fiscal third quarter on Friday that topped analysts’ estimates for net sales and profit. The retailer secured the number one spot on Total Retail’s 2020 top omnichannel retailers report in November. Big Lots said that its net…
McBride plc (LON: MCB) raised its guidance for annual earnings on Friday as the ongoing Coronavirus pandemic fuelled demand for cleaning products in recent months. The COVID-19 crisis has so far infected more than 1.6 million people in the United Kingdom and caused over 60 thousand deaths. The current…
Berkeley Group Holdings plc (LON: BKG) said on Friday that its pre-tax profit came in 17% lower than last year in the fiscal first half. The company, however, reaffirmed its guidance for the full year. The property developer had seen a 35% decline in annual pre-tax profit last…
Ulta Beauty Inc. (NASDAQ: ULTA) said on Thursday that its net sales were lower than expected in the fiscal third quarter. The company, however, expressed confidence that its adjusted earnings in Q3 topped Wall Street estimates. Ulta Beauty was seen roughly 3.5% down in extended trading on Thursday. On…
Marvell Technology Group Ltd. (NASDAQ: MRVL) reported its financial results for the fiscal third quarter on Thursday that came in line with what analysts had anticipated. Shares of the company tanked roughly 4% in extended trading on Thursday. Including the price action, Marvell Technology Group Ltd. is now trading…
The Kroger Co. (NYSE: KR) said on Thursday that its profit in the fiscal third quarter came in better than expected, but sales missed estimates. At £24 per share, Kroger shares are currently a little under 15% up year to date in the stock market. Its shares tumbled to…
Dollar General Corp. (NYSE: DG) said on Thursday that its profit and net sales in the fiscal third quarter came in better than expected on the back of a significant increase in same-store sales. Dollar General shares had tumbled to as low as £102 per share in late-March when…
Standard Life Aberdeen plc (LON: SLA) revealed to have divested part of its stake in HDFC Life Insurance Company on Thursday. The asset manager generated £172 million of proceeds as it offloaded 2.8% of its stake in its subsidiary. Standard Life Aberdeen opened less than 1% down on Thursday…
In an announcement on Thursday, Paragon Banking Group plc (LON: PAG) said its annual profit came in 27% lower on a year over year basis. The company attributed the decline to the ongoing Coronavirus pandemic that disrupted lending in the recently concluded financial year. Paragon said: “The pipelines across…
