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Cloudera, fossil, Costco and more



Buyers leave full carts from a Costco store in Washington, D.C., on May 5, 2020.

Nicholas Kamm | AFP | Getty Images

Check out companies that make headlines after the clock.

Cloudera – The software company’s share fell 11% in expanded trading after Cloudera provided its first-quarter earnings. The company reported profit for the first quarter of 5 cents per share excluding certain revenues of $ 21

0.5 million, while analysts like Refinitiv had demanded a profit of 0 cents per share on revenue of $ 204.6 million. Cloudera also gave a weak revenue direction for the second quarter, but strong profit management for the second quarter and the rest of the fiscal year. The company said their outlook assumes that the pandemic’s “recession effect” will peak during Q2 and Q3. Cloudera’s share was 52 weeks higher earlier on Wednesday.

Fossil – The fashion company fell by 4% in increased trading after it announced financial results for the first quarter. Fossil said it lost $ 1.69 a share on revenue of $ 390.7 million. Factset analysts estimated a loss of $ 1.51 per share for the quarter and $ 381.3 million in revenue. To address the pandemic setbacks, the company said it has cut costs and “improved its financial position” by cutting $ 100 million from its $ 275 million credit facility and eliminating the majority of its planned investments for 2020, among other measures. Fossil said it does not provide any future financial guidance due to uncertainty stemming from the pandemic and said it expects the biggest sales effect to be in the second quarter. The company said it has started a phase resumption of its stores and expects to be completed by the end of June 2020.

Coty – The share of the cosmetics company increased by 4% after the closing clock. Coty is discussing with Kim Kardashian West about a potential beauty product collaboration, according to an SEC filing. The company previously paid $ 600 million in 2019 for a majority stake in Kylie Cosmetics, founded by Kardashian’s half-sister, Kylie Jenner.

Costco – The big box retailer increased by approximately 1% in expanded trade after the company released sales results for May. Costco said it had net sales of $ 12.55 billion in May, up 7.5% from last year, according to a company statement. The retailer has previously seen a drop in sales in April as most Americans remained under home orders, but had experienced large increases in bulk purchases in March during the early stages of the pandemic.

Boeing – The aircraft manufacturer’s share lifted about 2% after the market closed. TUI Group, Europe’s largest travel company, said on Wednesday that it had reached an agreement with Boeing on compensation for founding and delayed deliveries of the manufacturer’s 737 Max aircraft. TUI, which has been fighting in the midst of the coronavirus pandemic, said the compensation amount represented “a significant portion” of the financial impact following the founding of Max in March 2019. Later Wednesday, Amazon announced that it had hired 12 Boeing aircraft to help with the increase of online orders from the pandemic.


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