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    • Breaking News
    Sep 6, 2023
    • Southwest Airlines Co declined 3.2% to $29.82 after the regional airline estimated August bookings were near the "lower-end" of the company's expectations. 

      The airline also added third quarter revenue per seat mile is likely to be near the low end of its previous estimate.  
      • Roku Inc soared 6.8% to $88.86 after the company lifted its third quarter revenue to a new range between $835 million and $875 million from the previous estimate of $815 million. 

        The company also announced its plan to lay off 10% of its staff and review its aggregated content to trim costs and consolidate its office space. 
        • Gitlab Inc increased 0.7% to $50.10 after the database platform developer reported better-than-expected second quarter results.

          Second quarter revenue increased 38% to $139.6 million from $101 million and net loss shrank to $51.2 million from $61.5 million and diluted loss per share decreased to 33 cents from 40 cents.

          The company guided third quarter revenue between $140 million and $141 million and fiscal year 2024 revenue between $555 million and  $557 million. 

           
          • Sep 5, 2023
          • Airbnb Inc jumped 6.3% to $140.81 after the S&P Dow Jones Indices announced Friday that the short term rental platform operator will be included in the S&P 500 index from Sep 18. 

            Blackstone and Airbnb will replace Newell Brands and Deere & Company. 
            • Brady Corp soared 11.1% to $56.48 after the company posted quarterly results and reported adjusted earnings per share of $1.04. 

              Sales in the fiscal fourth quarter ending in July increased 6.8% to $345 .9 million from $324 million and net income rose to $49.4 million from $41 million and diluted earnings per share advanced to $1.0 from 81 cents a year ago. 

              During the quarter and year ended July 31, the company returned $56.4 million and $120.4 million, respectively, to shareholders in the form of dividends and share repurchases. 

              On August 30, the Board of Directors authorized an additional $100 million of shares for repurchase, about 2 million shares based on current share price and approximately 4.4% of total outstanding shares.

              The industrial printer maker forecasted diluted earnings per share in the fiscal 2024 to range between $3.70 and $3.95. 
              • Warner Bros Discovery Inc decreased 0.5% to $11.52 after the company said that the current strikes from writers and actors could negatively impact adjusted operating earnings between $300 million and $500 million. 

                The company provided the latest projections in a filing with the SEC. 

                The movie studio operator is expecting lower adjusted operating earnings for the full year in the range of $10.5 to $11 billion, reflecting impact from strikes. 

                The company revised higher its full-year free cash flow expectations to at least $5 billion and third quarter free cash flow of $1.7 billion, in part due to strong performance of Barbie. 
                • Aug 31, 2023
                • Signet Jewelers Ltd increased 5.3% to $75.27 after the retailer reported better-than-expected quarterly results. 

                  Sales in the second quarter ending in July declined 8.1% to $1.6 billion and same store sales plunged 12% from a year ago. 

                  Same store sales in North America declined 12.2% and nonstore sales, which includes online sales, rose 5.2%, resulting in a decline of 7.1% to $1.5 billion. 

                  Net income attributable to common shareholders plunged to $66.5 million from $136.8 million and diluted earnings per share fell to $1.38 from $2.56 a year ago. 

                  The retailer guided third quarter sales to decline to between $1.36 billion and $1.41 billion and full-year revenue between $7.1 billion and $7.3 billion and diluted earnings per share between $9.55 and $10.64. 
                  • Five Below Inc declined 4.5% to $174.88 after the deep discount retailer forecasted weak third quarter results. 

                    The retailer estimated third quarter revenue to fall between $715 million and $730 million and earnings per share between 17 cents and 25 cents, sharply lower than estimates set by some analysts. 

                    Revenue in the second quarter increased 13.5% to $758.9 million from $668.9 million, reflecting comparable sales increase of 2.7% and comparable transactions advanced 4.5%. 

                    Net income advanced to $48.6 million from $41.3 million and diluted earnings per share rose to 84 cents from 74 cents a year ago. 

                    In the quarter, the company opened 43 new stores and ended the quarter with 1,407 stores, representing 12.4% increase in store count from a year ago. 

                    The discount retailer forecasted full-year revenue in the range of $3.50 billion to $3.57 billion based on opening over 200 new stores and assuming an approximate 1% to 3% increase in comparable sales.  

                    Net income is expected to be in the range of $295 million to $311 million and  diluted income per common share in the range of $5.27 to $5.55 on approximately 55.9  million outstanding shares.  
                    • Chewy Inc dropped 15.1% to $23.12 after the online pet food retailer said second quarter sales of $2.78 billion and diluted earnings per share of 4 cents. 

                      The company said in a conference call with investors that active customers declined 0.6% to 20.4 million and customers are trading down amid high inflation.

                      Net sales for active customer increased 14.7% to $530 and auto customers sales increased 240 basis points to 75.5%. 

                      Despite the customers substituting lower priced treats for pets, gross margin increased 20 basis points to 28.3%, indicating prudent promotional activities. 

                      Net sales increased 14.3% to $2.78 billion and net income declined to $18.9 million from $22.3 million and diluted earnings per share fell to 4 cents from 5 cents a year ago. 
                      • Victoria's Secret & Company declined 4.9% to $17.06 after the lingerie retailer reported disappointing second quarter results. 

                        The specialty retailer reported revenue declined 6% to $1.43 billion from $1.52 billion and comparable store sales decline accelerated to 14% from 7% a year ago. 

                        Net income attributable to shareholders swung to a loss of  ($1.4 million) from a profit of $69.9 million and diluted earnings per share plunged to (2 cents) from 83 cents year ago. 

                        The company is forecasting third quarter net sales to decline in low- to mid-single digit from the last year's sales of $1.32  billion and adjusted operating loss in the range of $45 million and $75 million and adjusted net loss per share in the range of 70 cents to $1.0. 

                        The company added full-year 2023 net sales to decrease in the "low-single digit range" compared to last year and estimated adjusted operating income in the range of 5% to 6% of net sales.