Costco on Thursday returned to its old ways of delivering earnings beats. Despite concerns about a tariff-driven hit to margins, the retailer’s better-than-expected results showed it is prepared to handle whatever challenges it may face. Total revenue in its third quarter of fiscal year 2025 increased 8% year over year to $63.2 billion, topping Wall Street expectations of $63.19 billion, according to estimates compiled by LSEG. Earnings per share (EPS) in the 12 weeks ended May 11 came in at $4.28, beating the consensus of $4.24, LSEG data showed. Shares of Costco were slightly lower in extended trading Thursday, along…
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Wall Street is thrilled with E.l.f. Beauty’s latest acquisition, viewing it as a multi-pronged deal that strengthens the company’s international footprint and customer appeal. Shares of E.l.f. popped nearly 25% on Thursday after the company acquired Hailey Bieber’s skincare brand Rhode in a deal worth up to $1 billion. The deal, which is E.l.f.’s biggest to date, is expected to close later this year. Separate from E.l.f.’s huge bet on Rhode, the beauty products retailer on Wednesday also reported fiscal fourth-quarter results that exceeded analysts’ expectations on top and bottom lines. The company’s adjusted earnings per share of 78 cents…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyStephen Yalof, Tanger CEO, joins ‘Fast Money’ to talk the state of the consumer, impact of tariffs, new tenants in its mall.05:332 hours ago Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Big Data Tomorrow Morning Personal income, consumer spending both come at 8:30am. Squawk Box will have live coverage of the numbers and the immediate market reaction. URA YTD mountain Global X Uranium ETF in 2025 Nuclear Stocks CNBC TV’s Pippa Stevens will report on the stocks in the nuclear industry. The Global X Uranium ETF fell 2% today but is up 13% in a week and 29%…
Household brand Nike is not setting itself up for a successful turnaround, according to Josh Brown, CEO of Ritholtz Wealth Management and CNBC PRO contributor . The widely followed investor believes that the iconic footwear brand isn’t keeping up with the fierce competition as its celebrity spokespeople age out of popularity. The stock has fallen another 19% this year following a 30% loss in 2024. “The superstars that are all aging. LeBron James is in his 40s. Michael Jordan is 30 years retired,” Brown said on CNBC’s ” Halftime Report .” “I don’t even know what we do with something…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Investor pessimism rebounds and bullishness fades in latest AAII surveyPessimism rebounded in the latest survey of Main Street investors by the American Association of Individual Investors. Bearish opinion toward stocks over the next six months grew to 41.9% this week from 36.7% last week, above its historical average of 31.0% for the 26th time in 28 weeks.Bullish sentiment toward the short-term outlook dropped to 32.9% of poll respondents, down from 37.7% last week and below its historical average of 37.5% for the 16th time in 17 weeks. In a special question, nearly 64% of those surveyed said “tariffs, the economy…
Check out the companies making headlines in extended trading. Gap — The apparel stock plummeted more than 16% as lackluster second-quarter revenue guidance overshadowed an earnings beat for Q1. Gap expects Q2 revenue to remain about flat year over year. Analysts expected a forecast calling for a slight gain. Costco — The wholesale retailer reported quarterly results that beat analyst expectations, yet shares were little changed. The company earned $4.28 per share on revenue of $63. 2 billion. Analysts expected a profit of $4.24 per share on revenue of $63.19 billion. Same-store sales growth and gross margins were above estimates…
American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic uncertainty.”The first quarter was a challenging period for our business,” CEO Jay Schottenstein said in a release. “While we are disappointed with the results, we are taking actions to better position the company and drive stronger performance in the upcoming quarters. Our brands remain resilient. The team is executing with urgency as we look to strengthen both the topline and profit flow-through.”The Pittsburgh retailer’s results do…
As markets grapple with President Donald Trump’s evolving tariff policy, returns outside of the U.S. are looking especially attractive. Several region-specific exchange-traded funds are seeing a strong 2025, far outperforming the S & P 500 which is only marginally positive this year. Consider that the iShares China Large-Cap ETF (FXI) and the iShares Europe ETF (IEV) are scoring 2025 returns of 15.8% and 20.8%, respectively. The iShares MSCI Mexico ETF (EWW) and its Canadian counterpart (EWC) are also toting double-digit returns this year. This disparity in performance has unfolded as Trump’s trade policy sows uncertainty for investors, companies and the…
