June 27, 2019 at 10:24 am
Shares of Hennes & Mauritz (HNNMY, HM.S, HMSB.F), the world’s second-biggest fashion retailer, surged as the firm reported a jump in sales for the fourth straight quarter, a signal that an upgrade of its logistical systems to transform the group’s supply chain is working. Net sales rose by 11% to 57.47 billion Swedish kroner ($6.20 billion) during the three monthsRead More
June 25, 2019 at 10:48 am
FactSet (FDS) raised its full-year earnings guidance on Tuesday as it posted better-than-expected results for its fiscal third quarter which was supported by higher sales of analytics and technology solutions. The Norwalk, Conn,-based company, which provides financial information and analytics, said it is now targeting revenue of $1.42 billion to $1.44 billion, compared with earlier guidance issued in March forRead More
June 11, 2019 at 10:45 am
HD Supply (HDS) shares dropped 6.5% in early trading as the industrial-distribution company cut its full-year guidance, even as fiscal first-quarter topped analysts expectations on Tuesday. The Atlanta-based firm said it now expects adjusted per-share earnings between $3.52 to $3.70 for its fiscal 2020, down from its previous view of $3.52 to $3.81. Net sales are projected between $6.25 billionRead More