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Showing posts with the label forecasting earnings

Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more

In this article SBUX FNKO PYPL BABA 9626-HK BILI 9618-HK JD Follow your favorite stocks CREATE FREE ACCOUNT A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Net sales rose 3.35 to $8.41 billion and Global same-store sales rose 7%. Twilio — Twilio's stock plunged nearly 36%, a day after the company issued a weaker-than-expected sales forecast. On Friday, Cowen downgraded the communication tools company to market perform from outperform, citing deteriorating macro trends. Cloud stocks — Cloud stocks took a hit amid concerns that interest rates will rise for longer than previously expected. Better-than-expected jobs data Friday also fueled concern about the Fed's continued tightening...

Stocks making the biggest moves after hours: H.B. Fuller, KB Home, Lennar and more

Residential single family homes construction by KB Home Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Check out the companies making headlines after hours. KB Home — Shares dipped 21% in extended trading after the homebuilder disappointed on revenue expectations in its earnings results. KB Home reported earnings of $2.86 per share on revenue of $1.85 billion. Analysts surveyed by Refinitiv were expecting earnings of $2.67 per share on revenue of $1.87 billion. Steelcase — The furniture stock declined 0.4% after Steelcase reported quarterly results that missed on revenue estimates. The company reported earnings of 21 cents per share on revenue of $863.3 million. Analysts were expecting earnings of 12 cents per share on revenue of $884.1 million, according to consensus estimates from FactSet. H.B. Fuller Company — The adhesive manufacturing company jumped 4.9% a...