Equities Archives - Page 38 of 1061

2 minute read

Lululemon Poised For Global And Men’s Market Expansion, Analysts Adjust Forecasts Following Strong Q1 Results

June 6, 2:07 PM

Lululemon Athletica beat first-quarter expectations, leading to positive analyst reactions. BofA Securities raised the price target to $440, highlighting strong sales growth and robust international performance. Wedbush noted potential for domestic improvement through innovation. J.P. Morgan emphasized LULU's international growth and e-commerce expansion. Telsey Advisory Group acknowledged improved inventory and innovation as key to overcoming domestic challenges.

LULU

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Tesla Rival Rivian Rolls Out Next-Gen R1S And R1T: Enhanced Performance, Design, And Tech Start At $69,900

By Nabaparna Bhattacharya

June 6, 1:42 PM

Rivian debuts upgraded R1S SUV and R1T pickup, boasting advanced performance and design, priced from $69,900, challenging Tesla's dominance.

RIVN

1 minute read

Why Cybersecurity Company SecureWorks Shares Are Seeing Blue Skies Today

By Lekha Gupta

June 6, 1:18 PM

SecureWorks reports strong Q1 FY25 results, with revenue of $85.652M, exceeding estimates. Adjusted EPS at $0.05 surpasses consensus.

SCWX

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Why Outdoor Equipment Products Provider Toro Shares Are Surging Today

By Lekha Gupta

June 6, 12:51 PM

Toro reported Q2 FY24 results, sales up 1%, beating consensus, adjusted EPS $1.40 (-11% Y/Y), FY24 outlook remains unchanged.

FDIV

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Halozyme Therapeutics +13% On Thursday: What’s Going On?

By Nabaparna Bhattacharya

June 6, 12:34 PM

Halozyme Therapeutics surges as it raises FY24 guidance, driven by increased revenue projections and a new European patent for its drug delivery platform.

HALO

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Why Lyft Shares Are Gaining Today

By Nabaparna Bhattacharya

June 6, 12:17 PM

Lyft shares surge as the company unveils optimistic 2027 financial targets, projecting growth and margin expansion.

LYFT

2 minute read

Dolby Laboratories To Acquire GE Licensing In $429M Cash Deal: Strengthens Patent Portfolio

By Shivani Kumaresan

June 6, 12:06 PM

Dolby Laboratories is set to acquire GE Aerospace's GE Licensing, which holds over 5,000 patents in consumer digital media and electronics. This $429 million acquisition will enhance Dolby's patent portfolio, strengthening its position in video compression technology. The transaction, expected to close by fiscal year 2024, aims to boost operating margins and EPS in fiscal 2025.

DLB

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Why G-III Apparel Shares Are Plunging Today

By Lekha Gupta

June 6, 11:52 AM

G-III Apparel Group reported lower sales of $609.7 million and adjusted EPS of $0.12 for Q1 FY25. It also announced strategic partnership with AWWG and sees FY25 sales of $3.20 billion. G-III Apparel provided weak Q2 forecast.

CAFG

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Starbucks Heats Up Delivery Wars: Grubhub Partnership Promises Exclusive Perks For Coffee Lovers

By Nabaparna Bhattacharya

June 6, 11:23 AM

Starbucks teams up with Grubhub for nationwide delivery; convenience meets staffing challenges amidst rising demand.

DASH

2 minute read

Home Furnishing Retailer Kirkland’s Sets Plan For Turnaround: Eyes Cost-Cutting, Strategic Options Amid Q1 Sales Slump

By Shivani Kumaresan

June 6, 11:05 AM

Kirkland's reported a 5.3% year-over-year sales decline in Q1 FY24, reaching $91.75 million, missing the $93.07 million estimate. Comparable sales dropped 3.5%, with a 19.1% e-commerce sales decline, while store sales rose 2.8%. Gross profit margin improved 280 basis points to 29.5%. Adjusted EPS loss of $(0.68) beat expectations. Kirkland's reveals cost savings initiatives and retains financial advisor to review strategic alternatives.

KIRK