Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
Goldman Sachs on Friday lifted its 2020 S&P 500 earnings-per-share estimate following better-than-expected second-quarter results, analysts led by David Kostin wrote in a note. Now, Goldman expects 2020 S&P 500 EPS of $US130, from $US115. That’s about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge to […]
Shopify reported second-quarter earnings results Wednesday that beat Wall Street’s expectations for revenue, which surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. The Canadian e-commerce company has gained roughly 170% year-to-date. Watch Shopify trade live on Markets […]
Tesla shed as much as 10% Friday, pulling back on a searing rally that saw shares hit multiple all-time highs in recent weeks. Most recently, the stock’s gains have been driven by a blockbuster second-quarter earnings report and optimism that it may soon be included in the S&P 500. Despite […]
Daniel Ives of Wedbush on Thursday increased his bull case price target on Tesla to $US2,500, implying a roughly 52% surge from where shares currently trade. Tesla reported second quarter earnings Wednesday that exceeded Wall Street’s expectations and showed its fourth consecutive quarterly profit, paving the way for potential inclusion […]
Stamps.com surges 63% after reporting much stronger-than-expected earnings. Almost exactly one year ago, the stock had the opposite fortune, falling as much as 58% on news Stamps.com would end its multi-decade exclusive partnership with the US Postal Service. Visit Business Insider’s homepage for more stories. Stamps.com gained more than $US1 […]