Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday as “stay at home” orders led to a surge in sales of the company’s exercise bikes and fitness subscriptions, sending its shares up 5%.
Want another unexpected winner in this new COVID-19 world?
Then consider the situation facing 1-800-Flowers (Nasdaq: FLWS) right now…
First off, there are 1 million people in the U.S. infected with COVID-19.
And… that number continues growing by the day.
So, at the risk of sounding unsympathetic, that means 1-800-Flowers now has more than 1 million potential customers to send “Get Well Soon!” flowers to – all done conveniently and safely at your home computer.
There’s also a case for even more flowers being sent for deaths and funerals.
On a more uplifting note… This upcoming Sunday is also Mother’s Day.
So that means nearly half the …read more […]
Chevron (NYSE: CVX) is a member of the esteemed Dividend Aristocrats. These are companies that are in the S&P 500 and have raised their dividends for 25 years in a row or longer.
It is an esteemed club with only 66 companies included.
Investors love Dividend Aristocrats because they historically beat the market with lower volatility.
Chevron has been in the dividend-raising business since 1988. Back then, we had no cellphones and no internet, but we did still have the Soviet Union. And we were just a year past the 1987 stock market crash. That was a long time ago.
Will Chevron’s dividend be …read more […]
(Bloomberg) — Twilio Inc. projected rising sales for the second quarter, signaling stronger demand for communications software amid the coronavirus pandemic. Shares climbed about 25%.Revenue will increase as much as 35% to $370 million in the period, the San Francisco-based company said Wednesday in a statement. Analysts, on average, projected sales of $334 million, according to data compiled by Bloomberg. The company expects a loss, excluding some items, of 8 cents to 11 cents per share, which also is better than analysts had estimated.Twilio Chief Executive Officer Jeff Lawson has assembled a broad set of cloud-based capabilities that help companies …read more […]
T-Mobile US Inc added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand for cheaper phone services as people work from home amid lockdowns.
Lyft Inc on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by the coronavirus pandemic had improved in late April.
Etsy reported first quarter earnings that missed expectations. Yahoo Finance’s Jen Rogers and Seana Smith discuss on The Final Round. …read more […]
Paypal reported a miss on earnings for their first quarter. Shares fell after the company released that adjusted earnings per share fell to 66 cents from 78 cents. Yahoo Finance Live breaks down the numbers. …read more […]
(Bloomberg) — Hyatt Hotels Corp. swung to a loss as cratering travel demand hammered the hotel chain.Hyatt reported a loss of 35 cents per share, worse than analysts expected. Revenue per available room, which combines pricing and occupancy, decreased 28% in the quarter — a steep fall considering that travel restrictions didn’t take full effect in most of the world until March.Hyatt has raised capital through a bond sale and cut costs by closing hotels and furloughing workers. Chief Executive Officer Mark Hoplamazian said in a statement that the company’s “existing liquidity provides sufficient capacity to cover at least 30 …read more […]
Exercise bike maker Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday, as “stay at home” orders due to the COVID-19 pandemic encouraged more people to sign up for its fitness subscriptions.
Square reports a loss on their first quarter earnings with EPS short $0.15 from expectations and an adjusted EBITDA of $9 million, an 85% drop YoY. …read more […]
The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak.
Fitness giant Peloton reported third quarter earnings that beat sales and operating profit forecasts. Yahoo Finance’s Jen Rogers, Seana Smith, Rick Newman and Andy Serwer discuss on The Final Round …read more […]
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China’s Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters the economy.
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