Shares of Chinese online retailer JD.com experienced a notable rise after the firm revealed its plans for a $5 billion buyback. The Hong Kong-listed shares of JD.com saw an increase of 1.2% on Wednesday, surpassing the decline on the Hang Seng index. Similarly, the U.S. listed shares of the company also rose by 2.24% following
Earnings
Amazon’s retail business is facing a major financial challenge as it strives to generate more revenue. With the analysts at MoffettNathanson pointing out that the retail business needs to step up to fill the big shoes left by Amazon Web Services, the pressure is on for the retail sector to deliver. The profitability outlook for
As Wall Street experiences back-to-back weekly gains, investors are faced with an overbought market entering a crucial week filled with key earnings reports and economic data releases. The recent speech from Federal Reserve Chairman Jerome Powell at Jackson Hole has fueled expectations of imminent interest rate cuts, leading to a positive market sentiment. The S&P
The fast-casual restaurant brand, Cava Group, experienced a notable increase in its share price by nearly 6% in after-hours trading following its latest earnings report. The company reported a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue also exceeded expectations. Contrary to Cava Group’s success, shares of
Danish biotech company Bavarian Nordic experienced a notable 13% increase in its shares after reporting earnings that surpassed expectations and securing a substantial vaccine order from a European country in response to the mpox outbreak. The company revealed second quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million
Lowe’s recent announcement of a reduced full-year forecast has raised concerns about the future of the company. The retailer’s quarterly sales declined, leading to projections of weak home improvement spending in the second half of the year. The company now anticipates total sales of between $82.7 billion and $83.2 billion for the full year, a
After Palo Alto Networks posted better-than-expected fiscal 2024 fourth-quarter earnings and revenue, Wall Street responded with an enthusiastic 8% surge in the company’s stock price. This brought the stock just a few dollars shy of its record-high close, prompting Jim Cramer to describe the recent move as “parabolic.” While the short-term outlook may seem promising,
Estee Lauder, a renowned name in the prestige beauty market, recently faced challenges with its fiscal 2025 guidance. Despite capping off fiscal year 2024 on a positive note, the company’s forecast for the new fiscal year fell short of expectations. With organic net sales projected to decline or show minimal growth, and adjusted EPS forecasted
The recent second-quarter earnings report from Flutter revealed impressive growth in revenue, driven largely by the success of its FanDuel betting platform. This positive news caused a surge in investor interest, with shares rising approximately 8% following the announcement. One of the key highlights of the report was Flutter’s decision not to impose a surcharge
Tencent, the Chinese tech giant, recently reported its financial results for the second quarter, surpassing both revenue and profit expectations. The company’s revenue stood at 161.12 billion Chinese yuan, exceeding the LSEG consensus estimate of 160.77 billion yuan. Similarly, the profit attributable to equity holders of the company was 47.63 billion Chinese yuan, beating the