Author: Press Room
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.Here’s how company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG,…
Ulta Beauty shares fell 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020.Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% growth that Wall Street analysts had expected, according to StreetAccount.”While we are encouraged by many positive indicators across our business, our second quarter performance did not meet our expectations,…
ABC News intends to mute the microphones of Donald Trump and Kamala Harris while their opponent speaks during an upcoming presidential debate, according to a copy of the formal rules obtained by CNN, but the Harris campaign is continuing to push back on the final sticking point. “Candidate microphones will be live only for the candidate whose turn it is to speak, and muted when time belongs to another candidate,” ABC stated in the debate rules sent to the campaigns on Tuesday. While the Trump campaign has accepted the rules governing the Sep. 10 matchup, Harris’ campaign said it remains in…
This article was written byFollowSeeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team Read the full article here
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia’s revenue more than doubled in the past quarter to continue its run of blockbuster growth, but its shares fell as the US chipmaker failed to top the highest expectations for what has become one of Wall Street’s most closely watched companies.The Silicon Valley-based company sought to reassure investors that it would see “several billion dollars” in revenue this fiscal year from the next generation of its powerful artificial intelligence chips, despite hitting production problems. Nonetheless, Nvidia’s outlook for the current quarter…
Controversial incident reported during Trump’s visit to Arlington Cemetery Trump’s campaign says an individual interfered with a solemn visit at the invitation of families. But the cemetery says partisan political activity is not allowed at at Arlington Cemetery. Read the full article here
For years, I have said that Dr. Ruth (Ruth Westheimer) is my role model. Dr. Ruth, sex therapist, professor, and author, spent her life educating people about sexual health. I heard Dr. Ruth speak in the early 1980s and again in 2014. In fact, I went to see the documentary, Ask Dr. Ruth twice because of my admiration for her as a person and for her work. Though sex is a topic that inspires curiosity, questions, and confusion in people of all ages, in the 1980s no one was talking about it. Dr. Ruth sought to change that. She started…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.375% as of August 2, which is 0.125 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is 0.250 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
The Supreme Court of the United States (SCOTUS) denied the Biden administration’s request to lift a block on the Saving on a Valuable Education (SAVE) plan, which is designed to ease the burden of student loan debt for millions of borrowers. A federal appeals court in Missouri blocked the entire SAVE program from being enforced while litigation over the merits continues in the lower courts. The Department of Justice, which is part of the Biden administration, most recently asked the high court for emergency relief.The request went to Justice Brett Kavanaugh, who has jurisdiction over time-sensitive applications from Missouri. The…
With summer wrapping up shortly, parents are outfitting their children for the new school year. But American households are struggling to afford back-to-school items such as backpacks, clothing, school supplies and books. This struggle is leading millions of parents to carry debt to make sure their children have what they need for school. FINANCIAL PRESSURES ARE IMPACTING BACK TO SCHOOL SHOPPING Nearly one-third (31%) of U.S. adults doing back-to-school shopping this year will go into debt to pay for it or already have, according to Bankrate’s newest Back to School Survey. Also, this type of spending is up from 29% in 2022.…
