Home / Business / RH, Dave & Buster's, GameStop, GE, Costco and more

RH, Dave & Buster's, GameStop, GE, Costco and more



Check out the companies that make headlines before the clock:

RH – RH reported an adjusted quarterly earnings of $ 3.20 per share, well above the consensus estimate of $ 2.70 per share. The company, formerly known as restoration hardware, also saw estimates of revenue types, with the retailer of household furniture also raising profit management for the third time this year.

Dave & Buster's Entertainment – Dave & Buster's beat estimates at 6 cents per share, with quarterly earnings of 90 cents per share. Revenue was slightly above Wall Street forecasts, but the operator of entertainment-oriented restaurants lowered its direction for the full year, citing a "competitive environment."

GameStop ̵

1; Game Stop lost adjusted 32 cents per share for its second quarter, wider than 21 cents a loss of stock that Wall Street analysts expected. Video game sales revenue is not reflected in the forecasts, and comparable store sales fell nearly 12%. GameStop also lowered its sales forecast.

Charles Schwab – Schwab will reduce about 600 jobs, about 3% of the discount broker's workforce. Schwab is trying to lower costs when it comes to the effects of falling interest rates.

General Electric – GE seeks to raise up to $ 3 billion by selling shares in oilfield service company Baker Hughes and reducing its stake to a minority level. GE had a 50.4% stake in Baker Hughes on June 30.

Philip Morris – Philip Morris increased its quarterly dividend by 3 cents per share to $ 1.14 per share, an increase of 2.6% for the tobacco producer shareholders. [19659003] Costco – Costco was downgraded to "perform" from "surpass" at Oppenheimer, after a 45% annual gain for the stock trader's stock. Oppenheimer said it looks less upward for the shares given the highest valuation, though it remains optimistic for Costco's long-term prospects.

Micron Technology – Chipmaker's stock was upgraded to "buy" from "neutral" at Longbow Research, which points to improving pricing fundamentals in the memory and flash storage chips market.

ADP – Bank of America / Merrill Lynch downgraded the provider of business outsourcing solutions to "neutral" from "purchases", noting stock excellence and says positive bases are now largely priced in. The analysis report also notes that activist investor Pershing Square leaves its position in ADP.

Tilray – The cannabis manufacturer applied for a mixed shelf offering that includes up to $ 400 million in common stock.


Source link