Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and projecting weak home improvement spending for the second half of the year. The company now expects total sales to fall between $82.7 billion and $83.2 billion for the year, a decrease from its previous projection of $84 billion to
Earnings
The recent surge in Palo Alto Networks’ stock price following their better-than-expected fourth-quarter earnings has sparked enthusiasm on Wall Street. The shares jumped over 8% to reach approximately $372 each, nearing their all-time high close of nearly $377. This significant rally of around 27% since August 5 has caught the attention of investors and analysts
The decision to sell off 330 shares of Estee Lauder at roughly $96.30 per share was made shortly after the opening bell, marking the exit of Jim Cramer’s Charitable Trust from the position in EL. This move came in response to the company’s disappointing fiscal 2025 guidance, which included projections of a 1% decline to
Flutter’s recent second-quarter earnings report has left investors impressed, with shares soaring by 8% following the announcement. The company’s FanDuel betting platform has been a significant contributor to this success, capturing market share and achieving substantial revenue growth even in states with well-established sports betting and online gaming markets. One of the most notable aspects
Tencent has exceeded expectations in the second quarter, showcasing impressive growth in its key gaming division. Revenue came in at 161.12 billion Chinese yuan, surpassing the expected 160.77 billion yuan. Moreover, profit attributable to equity holders of the company reached 47.63 billion Chinese yuan, outperforming the anticipated 39.95 billion yuan. Following a challenging period of
Palo Alto Networks has experienced significant growth in the lead-up to its fourth-quarter earnings report, with the stock rising by nearly 17% since August 5th. This outperformed the S&P 500, which saw a gain of roughly 7% during the same period. The surge in stock price reflects heightened investor expectations for the cybersecurity company. As