In a crushing quarter 2 report released yesterday, FedEx (FDX) cut its full-year revenue to $22.2 billion in 2024 from $22.8 billion in 2023. The report caused FedEx to fall 9.8% in the stocks, ruining months of gains. Despite the market’s adverse reaction, nobody can blame a company for cutting costs during high interest [...]
Lowe’s (LOW) slipped a little over 1% in Wednesday's trading session after delivering disappointing Q3 earnings followed by a reduced guidance for the year ahead. While the home improvement retailer did exceed the earnings expectation with $3.06/share compared to the $3.02/share consensus, a cinch in consumer spending is becoming more and more apparent. The [...]
FuelCell Energy (FCEL) was rallying hard in the past week leading into the company’s Q4 earnings day. The stock had climbed nearly 45% as investors were optimistic about what was to come. That trend has completely reversed as the company delivered disappointing results for the quarter in Tuesday’s trading session. FCEL is down nearly [...]
Shares of Nio Inc. (NIO) started Monday morning on a solid note, gaining 8% in pre-market trading before settling at around a 5% gain when the market opened. This came after the electric vehicle manufacturer released a statement that it had received a $2.2 billion investment. The cash infusion came from Abu Dhabi investor [...]
by Leslie N. Masonson, MBA Gibraltar Industries (Nasdaq:ROCK), was incorporated in 1972 in Buffalo, New York where it is currently headquartered. It has $1.36 billion in annual sales and a market capitalization of 2.37 billion with 2,117 full-time employees. As a conglomerate, the company manufactures and distributes building products for the renewable energy, residential, [...]
Scholastic Corporation (SCHL) reported Q2 earnings Thursday after the bell, sending shares lower in extended trading. They pick up where they left off Friday morning when the market opened, falling 12% so far. This came after the company, which offers resources and tools for educators, families, and kids themselves, reported disappointing results for the [...]
Vivendi (VIVHY) is a French media conglomerate that you may not be familiar with yet, but you will be soon. The company announced today that it is looking at the possibility of splitting itself into 3 distinct entities: Public relations and advertising company Havas Filmmaker Groupe Canal+ An investment company for its majority stake [...]
Not even the wildly successful Taylor Swift partnership could lift AMC Entertainment Holdings Inc. from a continual downturn. The most recent event was noted on Tuesday, December 12th, as the company dropped 5% in shares following the completion of its latest equity offering. The offering raised $350 million by selling around 48 million shares [...]
Pfizer (PFE) fell 9% in Wednesday morning trading after the company’s weak forecast for 2024 left much to be desired in the eyes of investors and analysts alike. The stock is headed toward a 10-year low, and has now shed 50% of its value in the last year alone. The drugmaker has been steadily [...]
Oracle (ORCL) delivered second-quarter earnings after the market closed Monday, and the results sent shares lower in extended trading. They picked up from there this morning when the bell opened and the stock fell 11%. The software company fell short of expectations for revenue, delivering just $12.94 billion compared to the consensus of $13.05 [...]
