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March 2, 2021

Earnings

Kohl’s says it added 2 million new customers in 2020, thanks to Amazon

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CNBC – For more and to sign up click here Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Kohl’s said it added at least 2 million new customers last year......

Stocks making the biggest moves in the premarket: Zoom Video, Novavax, Nio & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave......

Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in......

Target is set to report earnings before the bell. Here’s what the Street expects

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CNBC – For more and to sign up click here People exit Target store in Midtown Manhattan on August 19, 2020 in New York. Eduardo Munoz Alvarez | Corbis News | Getty Images Target will report its fourth-quarter earnings before the bell on Tuesday, as it tries to sustain gains......

Zoom pops as company beats expectations and issues strong guidance

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CNBC – For more and to sign up click here Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom......

Citigroup revises earnings lower after losing Revlon case

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FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren (Reuters) – Citigroup Inc said on Friday it recorded an additional $390 million in operating expenses in the 2020 fourth quarter after a U.S. federal......

Rising interest rates may continue to test the stock market in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push......

Airbnb soars after earnings as one analyst calls it ‘the best asset in travel’

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CNBC – For more and to sign up click here Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017. Mike Hutchings | Reuters Airbnb’s stock was up as much as 16% on Friday following a number of analyst......

DraftKings shares rise after reporting a beat on revenue, more growth in paying customers

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CNBC – For more and to sign up click here New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as......

Stocks making the biggest moves in the premarket: Foot Locker, Beyond Meat, DoorDash & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel......

Chinese electric car start-up Li Auto expects it will sell fewer cars than Nio has been delivering

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CNBC – For more and to sign up click here A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition on November 23, 2020 in Guangzhou, China. Li Zhihao | Visual China Group | Getty Images BEIJING — Nasdaq-listed Chinese automaker Li Auto forecast......

The bond market is betting on a red hot economy and stocks don’t like it

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CNBC – For more and to sign up click here People walk past the New York Stock Exchange in the Manhattan borough of New York, November 10, 2020. Carlo Allegri | Reuters Growing inflation concerns, optimism the economy could surge and some technical factors are combining to drive interest rates......

Salesforce revenue up 20% from last year, forecast calls for similar growth rate

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CNBC – For more and to sign up click here Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares fell as much as 4% in extended trading on Thursday after......

Beyond Meat strikes deals with McDonald’s, Yum but shares fall on wider quarterly loss

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CNBC – For more and to sign up click here Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Thursday announced that it has struck deals with......

Etsy stock surges on earnings beat and strong guidance

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CNBC – For more and to sign up click here An employee walks past a quilt displaying Etsy signage at the company’s headquarters in Brooklyn, New York. Victor J. Blue | Bloomberg | Getty Images Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129%......

Doordash stock falls after company drops first earnings report since going public

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CNBC – For more and to sign up click here Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash reported its Q4......

Stocks making the biggest moves midday: GameStop, Twitter, Best Buy and more

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CNBC – For more and to sign up click here Here are the stocks making headlines in midday trading on Thursday. GameStop – The video game stock loved by Reddit users spiked again on Thursday after rising by more than 100% in the previous session. Shares of GameStop rose 65%,......

Wayfair’s sales come up short, but the retailer says demand for home goods online remains strong

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CNBC – For more and to sign up click here Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair on Thursday reported quarterly sales that fell short of analysts’ expectations. Though the online furniture retailer gained more customers during the period, they bought smaller, less-expensive items, dragging down average order......

Papa John’s earnings miss, weighed down by higher costs, but chain sees strong pizza demand

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CNBC – For more and to sign up click here Signage outside a Papa John’s International pizza restaurant in Louisville, Kentucky, on Monday, Feb. 22, 2021. Luke Sharrett | Bloomberg | Getty Images Papa John’s on Thursday reported quarterly earnings that missed estimates as higher food costs, a new corporate office and......

Best Buy earnings beat expectations, but shares fall as sales growth slows

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CNBC – For more and to sign up click here Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy‘s fourth-quarter earnings outpaced Wall Street’s expectations Thursday, but it......

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