Shares of Box Inc. (BOX) fell more than 9% when the market opened Wednesday. The company reported second-quarter earnings yesterday after hours and the results were anything but positive. While revenue did climb 6% to $261.4 million, this was only a hair above the analyst consensus of $261 million. Meanwhile, net income of $10.8 [...]
Best Buy (BBY) reported second-quarter earnings early this Tuesday morning that topped the analysis consensus. And yet, the key takeaway from the earnings call is that the electronics retailer is struggling beneath the surface. After the company strategically set low expectations for this quarter way back in May, the consensus remained low - setting [...]
Shares of 3M (MMM) started the week strong with a 5% gain upon news that the company has settled a legal battle with the US Military. The industrial manufacturing company will pay out $5.5 billion for defective combat earplugs. The case in its entirety represents more than 300,000 separate suits. While 3M claimed the [...]
By Leslie N. Masonson, MBA Gibraltar Industries, Inc. (ROCK), is a Nasdaq-listed firm incorporated in 1972 that is headquartered in Buffalo, NY. The company employs 2,117 individuals. There are 30.4 million shares outstanding. Revenues totaled $1.37 billion, and ROCK’s market cap is $2.2 billion. Gibraltar is a leading manufacturer of building products for [...]
by Leslie N. Masonson, MBA Investors and traders may not give much thought to the weighting of the ETF that they purchase. However, the price performance of the ETF is heavily dependent on how the stocks are weighted in the portfolio. I will provide a tutorial on the two weighting methods that everyone should [...]
by Leslie N. Masonson, MBA If it wasn’t for the concept and development of “indexing,” no-load mutual funds and index-based ETFs would not exist in their current format or popularity. Today, there are currently 1901 passive indexed ETFs in existence in the United States. ETF indexing is based on a sponsoring firm’s selection of [...]
While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline [...]
Shares of Splunk (SPLK) were trading higher in Wednesday afternoon’s extended trading session yesterday, and when the bell sounded this Thursday morning, they picked up where they left off. SPLK is up more than 13% so far after beating the consensus in the company’s second-quarter earnings. The San Francisco software company grew revenue by [...]
By Leslie N. Masonson, MBA Celestica Inc. (CLS), is a NYSE-listed firm incorporated in 1996 headquartered in Toronto, Canada. Therefore, American investors are probably not familiar with this company which doesn’t get coverage in the U.S. financial media. Because of its future prospects based on its growing earnings and 85% price appreciation over the [...]
Foot Locker (FL) investors were in for a rude awakening this Wednesday morning as the company reported fiscal second-quarter earnings that featured another step backward on the full-year guidance. While the company’s earnings were right on target with what analysts were looking for (4 cents adjusted), revenue slid below the analyst consensus ($1.86 billion [...]
