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Stocks

“Lyft stock is getting punished, down more than 35% after weak guidance”

“Shares of Lyft fell more than 35% when markets opened on Friday, a day after the company reported guidance for its first quarter of 2023 that fell short of analyst expectations. The company expects to make about $975 million in… Continue Reading…

Stocks

“Twilio shares plunge 34% on light guidance”

“Twilio shares fell about 34% on Friday morning, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: With respect to guidance, Twilio is calling for a fourth-quarter adjusted net loss… Continue Reading…

Stocks

“Shares of Dollar Tree fall after company cuts guidance, citing investments in competitive pricing”

“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores… For the second quarter, Dollar Tree said it earned $1.60 per… Continue Reading…

Stocks

“Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave”

“Gap Inc. shares tumbled 18% in premarket trading Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy… Continue Reading…

Stocks

“Facebook shares plummet 25% after reporting weak guidance”

“Shares of Facebook parent Meta were down more than 25% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users… Continue Reading…

Business, Stocks

“Crocs reports record revenue, raises full-year guidance amid strong demand”

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.23 adjusted vs. $1.60 expected Revenue: $640.8 million vs. $565.2 million expected During the second quarter, Croc’s… Continue Reading…