Brady Corporation (BRC) opened up Tuesday’s trading session with a bang. The company reported record earnings for the fiscal fourth quarter, released its fiscal 2024 earnings outlook, and expanded its share buyback program. BRC has gained more than 12% so far this morning as a result. The company, which operates in the Identification Solutions [...]
By Leslie N. Masonson, MBA Oil-Dri Corp. (ODC), is a NYSE-listed firm that was incorporated in 1941, and is headquartered in Chicago, IL. The company employs 869 individuals. There are 5 million shares outstanding. Revenues totaled $399 million, and ODC’s market cap is $ 342 million. The company develops, manufactures and sells inert [...]
Amazon announced that it has reached an agreement for an enhanced collaboration with Shopify (SHOP) yesterday after the market closed. Shares rose in extended trading and they picked right back up this morning, as the stock has gained more than 9% so far in Thursday’s session. Amazon and Shopify already had a partnership in [...]
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 [...]
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 [...]
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 [...]
Lowes (LOW) reported second-quarter earnings in Tuesday morning’s trading session. So far, the news has sent shares more than 4% higher as the company may be suffering from a setback in sales but remains optimistic and upheld its full-year outlook. Revenue for the fiscal second quarter came in at $24.96 billion, which was just [...]
Written by: Angela Akers The market began the New Year with a bang. In the first two trading weeks, the Dow added 3.5%, the S&P500 rose 4.2%, the Nasdaq climbed 5.9% and the Price of the VectorVest Composite (VVC) increased 5.6% through January 13, 2023. However, the mood soured a bit this week as [...]
