Macy's, Inc. (M) opened in the green today after the company reaffirmed its full-year guidance as April sales picked up after a harsh winter. The department store that caters to mid and upscale customers also announced its first-quarter results for fiscal year 2014 (1QFY14; ended May 3, 2014). The company managed to beat earnings estimates but fell short on account of revenues for the thirteen-week period.
Amazon.com, Inc. (NASDAQ:AMZN) stock jumped as much as 12% in extended trading yesterday, after the company unveiled its fourth quarter (4Q) of fiscal year 2014 (FY14) results. While quarterly revenue of $29.33 billion was slightly short of consensus estimate of $29.7 billion, Amazon’s earnings per share (EPS) of 45 cents were miles ahead of analysts’ expectation of 17 cents per diluted share.
Facebook Inc. (FB) is set to report results for the first quarter of its fiscal year 2014 (1QFY14) after markets close today. It is expected that the company will beat analysts’ estimates for earnings and revenues.
Michael Kors Holdings Ltd (NYSE:KORS) released its financial results for the second quarter of fiscal year 2016 (2QFY16), before the markets opened today. The company announced upbeat results, as it surpassed the Street’s estimates for both its top line and bottom line.
King Digital Entertainment PLC‘s (NYSE:KING) stock rallied as much as 21% today after the “Candy Crush Saga” maker reported sturdy results for the fourth quarter and full-year 2014 that comfortably surpassed analysts’ expectations.
King Digital recorded $559.2 million in adjusted quarterly revenue, which was down 7% year-over-year (YoY), but well ahead of the consensus estimate of $514.417 million.
Five Below, Inc. (FIVE), the extreme-value merchandizer, reported fourth quarter as well as its full 2014 fiscal year results (4QFY14 ended: February 1, 2014). Shares of the specialty retailer rallied in extended trading as the company beat the Street's earnings projections, and issued guidance above the analysts' estimates.
Five Below's shares are trading at $43.95 apiece at 4:30 am EST on Wednesday, thereby recording a jump of 15.6% in aftermarket hours.
Best Buy Company Inc. (BBY) , the leading specialty retailer of consumer electronic products, recently boosted its quarterly dividend by 7.1%. The board has approved an increase in annual dividend to 60 cents (or 15 cents quarterly) from 56 cents a share (or 14 cents quarterly).
Canadian National Railway Co. delivered a third quarter result Tuesday that was ahead of expectations on the back of record revenue during the quarter aided by its crude-by-rail model.
The country’s largest railway also said its board of directors had approved a two-for-one stock split of its common shares, and a new share repurchase program aimed at buying back up to 15 million of its outstanding shares, or 4.1%, for cancellation over the next year.