Economy

Box is tanking on slower billings growth, weak guidance
Economy

Box is tanking on slower billings growth, weak guidance

Shares of cloud storage provider tanked more than 10 percent Wednesday morning after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. The stock fell as low as $23.53, extending its after-hour losses on Tuesday. That puts […]

Dick‘s Sporting Goods‘ shares slide as sales miss expectations and company blames Under Armour
Economy

Dick‘s Sporting Goods‘ shares slide as sales miss expectations and company blames Under Armour

Shares of plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting. Sales at Dick‘s Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter. It was […]

Economy

American Eagle Outfitters‘ profit outlook disappoints, shares slip

forecast third-quarter profit below expectations on Wednesday, partly due to lower-than-expected sales for its popular Aerie line of lingerie, sending its shares down nearly 8 percent. Same-store sales at Aerie rose 27 percent in the second quarter ended Aug 4, but missed Wall Street estimates for the first time in […]

Jewelry retailer Tiffany shares surge after beating same-store sales estimates
Economy

Jewelry retailer Tiffany shares surge after beating same-store sales estimates

quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and , prompting the luxury retailer to raise its full-year profit forecast. Tiffany‘s shares rose 4.2 percent to $135.15 in premarket trading after the company said it expected full-year earnings per share to […]

Box falls after earnings on weak guidance
Economy

Box falls after earnings on weak guidance

shares dropped as much as 6 percent after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. Here‘s how Box did in its second quarter, which ended July 31: Earnings: Loss of 5 cents per share, excluding […]