SeaWorld Entertainment posted a fourth-quarter loss of $20.4 million and says CEO Joel Manby is stepping down. John Reilly, the chief parks operations officer, will take over on an interim basis. On a per-share basis, the Orlando, Florida, company had a loss of 24 cents, which is worse than the per-share loss of 18 cents
U.S. luxury homebuilder Toll Brothers reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading. Toll’s results underscore strong demand in the housing market despite climbing interest rates and supply constraints including higher labor and raw material costs.
Cybersecurity company Palo Alto Networks’ quarterly revenue and profit topped Wall Street estimates and the company gave an upbeat third-quarter forecast, helped by better-than-expected growth in its product business. The company’s shares rose 5.1 percent to $178 after the bell on Monday. Revenue in the company’s product business, which includes firewall protection software Panorama, rose
Shares of Fitbit plunged as much as 12 percent in pre-market trading Tuesday — a day after a disappointing quarterly report. Shares shed as much as 15 percent in extended trading Monday. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters
Federated Investors’ Steve Chiavarone is not a bull who’s second guessing himself. The February correction may have rattled Wall Street, but the portfolio manager maintains the S&P 500 will muster enough momentum to climb 12 percent to 3,100 — 12 percent above Monday’s premarket level. His reason? The story of the year will ultimately be
Hewlett Packard Enterprise shares skyrocketed as much as 19 percent on Thursday after the company reported first quarter financial results that blasted past analysts’ expectations on top and bottom lines. Here’s how the company did compared with what Wall Street expected: EPS: 34 cents vs. 22 cents expected according to Thomson Reuters Revenue: $7.67 billion
The Cheesecake Factory on Wednesday reported fourth-quarter earnings of $57.7 million. On a per-share basis, the Calabasas Hills, California-based company said it had profit of $1.24. Earnings, adjusted for pretax gains, were 53 cents per share. The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also
Angry Birds game maker Rovio Entertainment warned on profits on Thursday, wiping more than a third off the Finnish firm’s stock price amid deepening doubts about its valuation. Investors in the company behind the Angry Birds games and movie franchise have had a rocky ride since last year’s initial public offering of Rovio, which blamed
Roku shares plunged 18 percent Thursday, a day after the maker of digital streaming devices provided a revenue estimate that trailed analysts’ estimates. Roku said sales in the first quarter will be $120 million to $130 million, falling short of the $131.7 million average estimate of analysts surveyed by Thomson Reuters. Here’s what Roku reported
Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
Home Depot on Tuesday reported fourth-quarter earnings and sales that topped Wall Street’s expectations, as more shoppers flocked to its stores and spent more per trip. The home improvement retailer’s stock was climbing around 1 percent Tuesday morning on the news. Here’s what Home Depot reported compared with what analysts were expecting, based on a
Walmart on Tuesday reported earnings that missed analysts’ expectations for the holiday period as its e-commerce operations cooled off, overshadowing the fact that same-store sales and revenue surpassed forecasts. The company’s gross margins took a hit during the quarter due to promotional activity and an ongoing war with Amazon to win a larger share of
Starboard’s concerns stem from a transformation plan Newell announced in January that calls for shrinking the number of the company’s factories and warehouses as well as its customer base to save $6 billion. It is also paring down to its core by jettisoning 10 business lines, many of which it acquired through the Jarden buyout
Campbell Soup on Friday reported a 2 percent drop in organic net sales in its second quarter as a key customer in North America placed fewer orders for its canned soups. Shares of the world’s biggest soup maker fell 2.1 percent to $46.70 in premarket trading. Fewer orders from Walmart have weighed on Campbell’s earnings
Kraft Heinz’s quarterly revenue missed analysts’ expectations on Friday on weakening demand from retailers in the United States for processed foods such as peanuts and cheese. The company, which owns brands such as Velveeta cheese and Heinz ketchup, said net sales inched up 0.3 percent to $6.88 billion in the fourth quarter ended Dec. 30.
Coca-Cola beat analysts’ expectations on the top and bottom lines on Friday, as bets on new launches like Coke Zero helped counter shifts away from its core beverages. Here’s how the company did compared with expectations in a survey of analysts by Thomson Reuters: EPS: 39 cents vs. the expected 38 cents. Revenue: $7.51 billion
Shares of Shake Shack whipsawed after the closing bell on Thursday after the company posted better-than-expected fourth-quarter earnings, but provided cautious sales guidance. The stock was up as much as 5.3 percent before it turned negative, slipping 4 percent. The sudden stock downturn was likely the result of the company providing weaker revenue and same-store
CBS reported fourth-quarter earnings and revenue that beat analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: EPS: $1.20 vs. $1.14 expected according to Thomson Reuters Revenue: $3.92 billion vs. $3.70 billion expected according to Thomson Reuters Entertainment revenue: $2.82 billion vs. $2.59 billion expected by StreetAccount Cable networks
U.S. oilfield services company Halliburton’s first-quarter earnings will be reduced by 10 cents per share due to delays in deliveries of sand used in fracking, Chief Financial Officer Christopher Weber said on Thursday. Halliburton’s shares fell 2.5 percent after Weber’s comments during a webcast presentation at the Credit Suisse Energy Summit. Shale drillers blast sand