Category: Market News
Shares of 1-800-Flowers.com Inc. FLWS, -28.30% sank 26% in Thursday trading after the gifts retailer reported a fiscal second-quarter profit that missed expectations and gave weak full-year guidance. Net income totaled $88.5 million, or $1.34 per share, down from $113.7 million, or $1.71 per share, last year. The FactSet consensus was for $1.79. Revenue totaled […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 219 billion cubic feet for the week ended Jan. 21. IHS Markit had forecast a decline of 209 billion cubic feet. Total stocks now stand at 2.591 trillion cubic feet, down 308 billion cubic feet from a year ago and 25 […]
Lowe’s Cos. LOW, -0.83% and Petco Health & Wellness Co. Inc WOOF, -2.30% have partnered for a store-in-store pilot that will bring Petco pet supplies and services to Lowe’s customers. The companies announced Thursday that the first Lowe’s + Petco store-in-store will launch in Alamo Ranch, Tex. in early February, with 14 additional locations coming […]
Tractor Supply Co. shares TSCO, -2.47% rose 1.9% premarket Thursday, after the retailer of agricultural goods and equipment beat sales estimates for the fourth quarter, offered guidance that was above consensus and unveiled returns for shareholders. Brentwood, Tenn.-based Tractor Supply posted net income of $221.3 million, or $1.93 a share, for the quarter, up from […]
Clorox Co. CLX, -5.62% shares fell 4.2% in Wednesday trading after the consumer cleaning products company was downgraded to underperform from neutral at Credit Suisse based on concern that the skyrocketing growth from early in the pandemic has started to wane. Analysts maintained their $160 target price. Sales for fiscal year ending June 2021 reached […]
Gold futures settled lower on Wednesday, then traded little changed in electronic trading after Federal Reserve officials said they expect it “will soon be appropriate to raise” interest rates. Worries about the effects rising interest rates could have on nonyielding bullion have been among the key bearish near-term drivers for gold. February gold GCG22, -1.01% […]
Shares of Rivian Automotive Inc. RIVN, +1.11% rose more than 8% Wednesday, poised to end at their highest since Dec. 27. Bloomberg earlier Wednesday reported that Rivian is picking up the pace at its Normal, Ill., plant following a week-long production halt earlier this month. According to report, which cited people familiar with the issue, […]
Shares of Qualtrics International Inc. XM, -1.22% spiked 10% in extended trading Wednesday after the experience-management technology company reported fiscal fourth-quarter results. Qualtrics reported a net loss of $309.8 million, or 56 cents a share, compared with a net loss of $14.5 million, or 3 cents a share, in the year-ago quarter. The company reported […]
Gap Inc. GPS, -0.85% is leaving the S&P 500 index SPX, -0.15%, index provider S&P Dow Jones Indices said late Wednesday, underscoring the challenges faced by retailers in recent years. Constellation Energy Corp. CEG, +50.00% will replace Gap in the key equity index, with the retailer, parent to Banana Republic, Old Navy and Athleta in […]
Billionaire hedge fund manager Bill Ackman on Wednesday said his firm has purchased more than 3.1 million shares of Netflix Inc. NFLX, -1.83%, making it a top-20 holder. “The opportunity to acquire Netflix at an attractive valuation emerged when investors reacted negatively to the recent quarter’s subscriber growth and management’s short-term guidance. Netflix’s substantial stock […]
