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Lululemon, GrubHub, Zoom, Crowdstrike & more

Buybacks slow from 2018's torrid pace, but still strong

FINANCE NEWS

Lululemon, GrubHub, Zoom, Crowdstrike & more

Crowdstrike – Crowdstrike reported a quarterly loss of 18 cents per share, 5 cents a share smaller than Wall Street had anticipated. The cybersecurity company’s revenue also exceeded analysts’ expectations and Crowdstrike raised its full-year outlook. Both Zoom and Crowdstrike came under pressure after the results, indicating investor concern about possibly elevated valuations.

Costco – The warehouse retailer reported an August comparable-store sales increase of 5.5%, topping the Refinitiv consensus estimate of a 4.9% increase.

DocuSign – DocuSign reported adjusted quarterly profit of 1 cent per share, short of the 4 cents a share consensus estimate. Revenue topped estimates, however, and the provider of electronic signature technology gave an upbeat current-quarter forecast.

Beyond Meat – The maker of plant-based burgers was rated “underperform” in new coverage at D.A. Davidson, with a price target of $130 per share. The firm said its view does not reflect a negative view of the company or its ability to execute, but rather the size of the total addressable market and the number of potential frequent purchasers.

Kellogg – Goldman Sachs upgraded the cereal maker’s stock to “buy” from “neutral,” predicting accelerating organic sales and improved profit margins.


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