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Retailer Urban Outfitters reported worse than expected first quarter 2020 earnings after the close Tuesday. Comparable sales of Free People, Anthropologie & $URBN brands were all down on the Lockdown.
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- Category: Stocks
Streaming company Roku is the subject of a complaint with the International Trade Commission. Universal Electronics $UEIC filed a complaint back on April 18 which led to the launching a probe into a claim of patent infringement. $ROKU is down over 2% on the news.
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- Category: Earnings Reports
Chinese video streaming company iQiyi, an arm of China major Baidu known as China's Netflix, reported first quarter earnings Monday after the close. Total revenues and subscribers rose driven by surging demand for digital entertainment when sheltering in place
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- Category: Earnings Reports
Japanese electronic giant Sony reported worse than expected earnings for the three months ended March 31 on Tuesday. SNE's move to a subscription model in gaming and music is lessening the Covid impact however. Playstation sales were low ahead of PlayStation5.
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- Written by ThePitBoss
- Category: Stocks
PNC Financial reported on Monday that it is cashing it's chips in on BlackRock. $PNC turned its $240 million bet on the asset manager into over $17 billion in 25 years. $PNC holds 22% of $BRC’s outstanding shares, and is the largest shareholder.
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Novavax, a clinical-stage biotechnology company shares soared over 80% Monday after NVAX received a $384 million investment for its COVID-19 vaccine candidate and beat Wall Street earnings expectations for first quarter earnings.
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Sporting apparel maker Under Armour reported worse than expected first quarter earnings as the Covid forced closures wrecked sales.$UAA shares fell over 10% pre-market. Under Armour competes with Nike, Adidas and Lululemon.
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Etsy reported worse than expected first-quarter earnings after the market Wednesday that beat on revenue but missed on earnings. $ETSY stock was hit in a volatile session over 12% from after market highs after they retracted guidance and gross margins fell.
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Communications-s software company Twilio reported better than expected first-quarter earnings after the market Wednesday that sent the stock soaring over 40% $TWLO is benefitting from the stay at home economy, distributed contact centers and telehealth.
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- Category: Earnings Reports
Independent energy company Apache Corp reported a massive loss of $4.48 billion for first quarter earnings after the close Wednesday. $APA followed major oil shale players $XOM, $CVX, $OXY and $FANG in reporting.
