Shares of Chinese online retailer JD.com experienced a 1.2% increase in Hong Kong-listed shares following the announcement of a $5 billion buyback. This positive trend contrasted with the decline on the Hang Seng index, where the benchmark was down about 0.82% on the same day. Meanwhile, the company’s U.S. listed shares rose by 2.24% after
Earnings
In a recent note to investors, research firm MoffettNathanson highlighted the need for Amazon to boost profitability in its retail business. With the AWS cloud unit currently contributing a significant portion of the company’s profits, there is pressure on the retail operations to step up and fill the gap as the cloud unit’s growth potential
The fast-casual restaurant brand, Cava Group, saw a significant increase in its share price by almost 6% following a positive earnings report. The company exceeded expectations by reporting a profit of 17 cents per share, which was 4 cents higher than what was estimated by LSEG. Additionally, their revenue also surpassed expectations. Uber On the
After experiencing back-to-back weekly gains, Wall Street is gearing up for an important week. With Nvidia earnings on the horizon and the Federal Reserve’s favorite inflation gauge to be released, investors are eagerly awaiting the outcome. Last week, the S & P 500 and Nasdaq showed resilience by bouncing back from losses on Thursday and
Bavarian Nordic, a Danish biotech company, saw a significant surge in its stock price by 13% following the release of its second-quarter earnings report. The company reported revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone, outperforming analyst expectations. This positive financial performance was reflected in the sharp
Lowe’s recent announcement of cutting its full-year forecast due to a decline in quarterly sales is a concerning development. The company now projects weaker home improvement spending in the second half of the year, which has led to a reduced total sales projection. The new forecast ranges between $82.7 billion and $83.2 billion, down from
The recent surge in Palo Alto Networks stock price, following better-than-expected earnings and revenue announced in the fourth quarter of fiscal year 2024, has led to a significant jump of over 27% since August 5th. The stock is now trading at around $372 per share, just a few dollars shy of its all-time high. Despite
As the bell rings to start the trading day, Jim Cramer’s Charitable Trust has made the decision to sell its remaining 330 shares in Estee Lauder. This move comes following disappointing fiscal 2025 guidance from the company. The decision to exit the position was influenced by the weaker sales and profit outlook for the new
FanDuel made waves in the sports betting industry this week with its announcement that it would not be adding a surcharge to offset an Illinois tax hike. This decision not only impressed investors but also put pressure on rival DraftKings, who had previously stated that they would be introducing a surcharge in states with high
Tencent has outperformed expectations in the second quarter, with both revenue and profit exceeding LSEG consensus estimates. The company reported revenue of 161.12 billion Chinese yuan, surpassing the expected 160.77 billion yuan. Profit attributable to equity holders of the company also exceeded expectations, reaching 47.63 billion Chinese yuan compared to the anticipated 39.95 billion yuan.