Foot Locker stock drops, first quarter results are worse than expected

May 22, 2020 2:32 pm
After Foot Locker reported first-quarter losses and sales, the company’s stock continued dropping. The sportswear and footwear retailer’s shares declined 4.5% in premarket trading Friday. This was the outcome of the first-quarter results, which were worse than analysts’ predictions. Foot Locker stated same-store sales fell 42.8% during the first quarter, which is a performance far […] Read more

Best Buy shares fall in premarket trading, first quarter earnings drop

May 21, 2020 2:22 pm
Following Best Buy’s report about results for the first quarter of the fiscal 2020, the company’s shares dropped 2% in premarket trading Thursday. Despite the 155% increase in online sales in the U.S., consumer electronics sales plummeted by more than 15%. At the beginning of the pandemic, Best Buy experienced a jump in sales since […] Read more

CTS Eventim shares fall on Wednesday, official event bans cause revenue slump

May 21, 2020 8:35 am
While Germany stocks closed higher on Wednesday, one of the worst performers was CTS Eventim AG as its shares were down 7.07% to 34.720. Due to the numerous events that were postponed as a result of the coronavirus pandemic, the earnings and revenue of the company were significantly lower compared to the results of the […] Read more

Lowe’s shares jump in premarket trading, same-store sales exceed expectations

May 20, 2020 1:26 pm
After Lowe’s has reported same-store sales that surpassed everyone’s expectations, the company’s stock jumped 6.1% in premarket trading Wednesday. Surveys show that analysts predicted that the earnings per share will be around $1.32, while the actual gain is estimated to be $1.77 per share. Meanwhile, the expected revenue of the company was $18.32 billion but […] Read more

Expedia stock drops after its biggest single-day percentage gain since 2012

May 19, 2020 1:48 pm
Expedia Group Inc’s stock jumped 20% in Monday trading, marking the company’s biggest percentage gain in a single day ever since July 27, 2012. Unfortunately, this climb lasted only a day since, on Tuesday, the company’s stock dropped more than 2% in premarket trading. The Jefferies analyst, Brent Thill, has decided to change his ratings […] Read more