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    • Breaking News
    Dec 4, 2023
    • Coinbase Global jumped 9.2% to $146.10, and MicroStrategy advanced 8.2% to $571.0 after bitcoin surpassed the $40,000 level.

      The surge in bitcoin also lifted the stock prices of other cryptocurrency-linked companies.

      Marathon Digital Holdings soared 13% to $15.53, and Rio Platforms advanced 11.1% to $15.30.
      • Dec 1, 2023
      • Walt Disney increased 0.2% to $92.92 after the theme park and movie studio operator reinstated its 30 cents per share dividend.

        The company is battling a proxy fight challenge from activist investor Nelson Peltz, and his fund is seeking multiple board seats.
        • Ulta Beauty soared 11.4% to $474.48 after the company reported strong third-quarter results and tightened its full-year revenue outlook.

          Revenue in the third quarter ending in October increased to $2.5 billion from $2.3 billion, comparable store sales growth plunged to 4.5% from 14.6%, and the company opened a net of 12 new stores compared to 18 a year ago.

          Net income decreased to $249.5 million from $274.5 million, and diluted earnings per share fell to $5.07 from $5.34 a year ago.

          The company estimated a full-year revenue range between $11.10 billion and $11.15 billion, up from the previous estimate between $11.05 billion and $11.15 billion.

          The company reiterated its net new store opening estimate between 25 and 30, and its diluted earnings per share estimate was revised to a new range between $25.20 and $25.60 from the previous estimate between $25.10 and $25.60.

          Comparable sales are estimated to fall between 5.0% and 5.5% from the previous estimate between 4.5% and 5.5%.
          • Samsara jumped 13.1% to $31.15 after the IoT company reported quarterly results.

            Revenue in the third quarter ending in October rose 40% to $237.5 million from $169.8 million, net loss shrank to $45.5 million from $58.6 million, and diluted loss per share eased to 8 cents from 11 cents a year ago.

            The company forecasted revenue in the fourth quarter to fall between $257 million and $259 million and for the full-year 2024 to range between $918 million and $920 million.

            Revenue in the fourth quarter is expected to rise between 38% and 39%, and in the full-year advance, 41% from a year ago.
            • Nov 30, 2023
            • Five Below was nearly unchanged at $188.0 after the deep discount retailer reported its third-quarter results.

              Revenue in the third quarter increased 14.2% to $736.4 million from $645.0 million, and comparable store sales rose 2.5% from a year ago.

              Net income in the quarter declined to $14.6 million from $16.1 million, and diluted earnings per share fell to 26 cents from 29 cents a year ago.

              The company repurchased 500,000 shares in the third quarter at a cost of $80 million.

              The company estimated net sales in the fourth quarter to be in the range of $1.32 billion to $1.35 billion, including an additional 60 stores, based on a 2% to 3% rise in comparable store sales.

              Net income in the fourth quarter is estimated to be in the range of $201 million and $211 million.
              • Pure Storage plunged 15.7% to $32.17 after the data storage company estimated a lower-than-expected current quarter and annual revenue.

                Revenue in the third quarter increased 13% to $762.8 million from $676.1 million; the company swung to net income of $70.4 million from a loss of $0.7 million; and diluted earnings per share were 21 cents compared to breakeven.

                Subscription services revenue increased by 26% to $309.6 million, and subscription annual recurring revenue also increased by 26% to $1.3 billion.
                • Snowflake jumped 7.2% to $187.95 after the software company reported that revenue and earnings jumped in its latest quarter.

                  Revenue in the fiscal third quarter ending in October jumped 32% to $734.2 million from $557 million; net loss expanded to $214.7 million from $201.4 million; and diluted loss per share expanded to 65 cents from 63 cents a year ago.

                  The company said remaining performance obligations increased by 23% to $3.7 billion, and the company now has 436 customers with trailing 12-month product revenue of more than $1.0 million.

                  Non-GAAP adjusted free cash flow soared 70% from a year ago to $111 million in the quarter.
                  • Salesforce soared 9.2% to $251.53 after the customer contact management software company reported better-than-expected earnings.

                    Revenue in the third quarter increased 11% to $8.7 billion from $7.8 billion, net income soared to $1.2 billion from $210 million, and diluted earnings per share rose to $1.25 from 21 cents a year ago.

                    The company repurchased $1.9 billion of its stock in the third quarter.

                    The software company estimated fourth-quarter revenue to increase 10% and fall in the range of $9.18 billion and $9.23 billion and narrowed its full-year fiscal 2024 revenue outlook to an increase of 11% to between $34.75 billion and $35.8 billion.
                    • The personal consumption expenditure price index was flat on a monthly basis in October, the Bureau of Economic Analysis reported Thursday.

                      The alternative watered down measure of inflation, preferred by policymakers, was the weakest since July 2022, after rising 0.4% in September and August. 

                      The annual rate also slowed to 3.0% from 3.4% in September, a low level not seen since March 2021.

                      Moreover, the annual core PCE inflation, which excludes food and energy, eased to 3.5% from 3.7%, a new low in 27 months.

                      Personal income and spending inched up 0.2% from the previous month, the monthly report showed.
                      • Nov 29, 2023
                      • General Motors jumped 8.5% to $31.35 after the vehicle maker announced a $10 billion stock buyback, raised its dividend, and reinstated its annual outlook.

                        The company estimated net income attributable to stockholders between $9.1 billion and $9.7 billion, compared to the previous outlook of $9.3 billion and $10.7 billion.

                        Diluted earnings per share in the $6.52 to $7.02 range, including the estimated impact of the accelerated stock repurchase, compared to the previous outlook of $6.54 to $7.54

                        The vehicle maker said it plans to increase its dividend by 33%, or 3 cents per quarter, to 12 cents, beginning with the declaration in January 2024.

                        GM had about 1.37 billion outstanding shares prior to the announcement of the accelerated stock repurchase program.