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Yahoo
2 days ago
- Business
- Yahoo
Why Crocs Stock Just Plunged to Its Lowest Level Since 2022
Shares of Crocs lost more than a quarter of their value Thursday after the maker of brightly colored clogs said it expects tariffs to hurt current-quarter results. The Broomfield, Colo.-based footwear firm reported adjusted earnings per share of $4.23, while analysts surveyed by Visible Alpha had expected $4.05. Revenue increased more than 3% year-over-year to $1.15 billion, matching expectations. However, Crocs did not provide a full-year outlook, "given the continued uncertainty from evolving global trade policy and related pressures around the consumer," and said it sees third-quarter revenue down 9% to 11%, below expectations. Crocs said its operating margin would likely be negatively impacted by tariffs. "The current operating environment is uncertain and challenging to predict," CEO Andrew Rees said. "Against this, we have chosen to focus on managing expenses including the $50 million in cost savings we have already implemented, reducing our inventory receipts, and pulling back on promotional activity to protect brand health in the marketplace. Although these actions will impact the topline of our business in the short term, they will position our business to win, drive margin dollars, and support continued cash flow generation longer term." Crocs shares plunged 27% Thursday afternoon to $76.50. If they end the session at that price, it'd be their lowest finish since Nov. 3, 2022, when the stock closed at $76.60. Read the original article on Investopedia
Yahoo
2 days ago
- Business
- Yahoo
AMD Joins Chipmakers Struggling to Impress Traders With Upbeat Earnings
You'd have a chip on your shoulder, too. Santa Clara-based chipmaker Advanced Micro Devices reported a record $7.7 billion in second-quarter revenue after the bell Tuesday, a 32% year-over-year increase that bested analysts' expectations. The company also projected third-quarter sales of $8.7 billion, topping Wall Street estimates of $8.3 billion. Earnings of 48 cents per share narrowly bested the 47-cent estimate of analysts surveyed by Zacks Investment Research. Yet the stock fell 5% in after-hours trading in what's becoming a rite of chipmaker reporting days, when good is seen as not good enough. READ ALSO: Apple Adds $100 Billion to American Investment Plans and Disney Growth Shows Americans Willing to Splurge Despite Gloomy Economic Signals Promise and Doubt AMD entered Tuesday saddled with the expectations of a top draft pick (best of luck, Cam Ward). Analysts forecasted second-quarter revenue of $7.4 billion, or a 27% year-over-year increase, according to estimates compiled by S&P Global's Visible Alpha. That would have matched the company's first-quarter revenue, which represented a 36% increase as chipmakers have benefited from AI and tech giants like OpenAI, Meta and Microsoft announcing hundreds of billions in spending that will include increasing computing power. The real hype around AMD has been its share price: Up 45% in 2025, the chipmaker's stock is the sector's top performer. Yep, that's better than even Nvidia, the $4.3 trillion advanced semiconductor maker that is the world's most valuable company; it has gained a comparatively puny 33% so far this year. But, according to John Peddie Research, mighty Nvidia captured a 92% share of the market for add-in board graphics processing units in the first quarter, up from 88% a year earlier. AMD, by comparison, lost market share, falling to 8% in the first quarter from 12% a year earlier. Lynx Equity Strategies cautioned in a note before Tuesday's earnings that investors may be too optimistic about the role AMD's MI350/MI355 and upcoming MI400X GPUs will play in massive chip upscaling at Meta and possibly Amazon Web Services (AWS). 'We doubt if AMD has bagged share at AWS,' wrote Lynx's KC Rajkumar, and 'without AWS, AMD may be dependent on one key backer — Meta.' There's still plenty of upside in the sector; it's just unclear that AMD will capture it: The Philadelphia Stock Exchange Semiconductor Index is up 10.6% this year, slightly better than the Nasdaq's 8.3% advance. Optimism has been fueled in recent weeks by some $340 billion in capital spending plans for this year laid out by Alphabet, Amazon, Meta and Microsoft, with much of that expected to include chip-buying. But Lynx's KC Rajkumar warned that 'investors are yet to see tangible signs of MI350/MI355 adoption at hyperscale data centers this year.' Falling profits due to more stringent curbs on chip exports and trade uncertainty also hang over earnings. Not Good Enough: It's not just AMD. Investors have generally been hard to please for most chipmakers. Shares in UK chipmaker Arm have fallen roughly 15% since last Wednesday, even as it offered a third-quarter forecast in line with analysts' estimates. Shares in Qualcomm, which beat analysts' sales and profit estimates and offered a rosy forecast when it reported a day later, have since fallen 8%, with investors more worried about its exposure to the cyclical smartphone market and the forthcoming loss of Apple as its biggest modem customer. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
2 days ago
- Business
- Yahoo
DoorDash Stock Hits All-Time High on Record-Setting Results
Key Takeaways DoorDash reported better-than-expected results as demand for its food delivery service grew. The firm set quarterly records for earnings, revenue, total orders, and marketplace gross order value. The news sent DoorDash shares to an all-time (DASH) shares traded at an all-time high Thursday, a day after the food-delivery service posted better-than-anticipated results as orders jumped. DoorDash reported second-quarter GAAP net income of $285 million, up from a loss of $157 million a year before and above the average estimate of analysts surveyed by Visible Alpha. Revenue was up 25% year-over-year to $3.28 billion, also more than forecasts. Total orders increased 20% to 761 million, and marketplace gross order value (GOV) rose 23% to $24.24 billion, topping expectations as well. All four metrics were quarterly records. 'Notable Strength in the US Restaurant Category' The company noted that orders accelerated in the U.S, with "notable strength in the U.S. restaurant category," and that they expanded even more in international markets. It said the quarterly performance "reflects our team's innovation, operational excellence, and hard work, and we intend to continue investing to expand the scale, scope, and capabilities of our business going forward." Shares of DoorDash advanced 4% to about $268 in recent trading after earlier hitting a record $278.15. They are up about 60% year-to-date. Read the original article on Investopedia
Yahoo
2 days ago
- Business
- Yahoo
Peloton Stock Jumps as Firm Posts Unexpected Profit, Announces Layoffs
Shares of Peloton Interactive (PTON) surged Thursday as the connected fitness company swung to a surprise fiscal fourth-quarter profit and announced a restructuring plan that includes layoffs. Peloton, known for its stationary bikes and other exercise equipment, reported a GAAP profit of 5 cents per share when a loss of 5 cents per share was expected by analysts surveyed by Visible Alpha. Revenue of $606.9 million fell 6% year-over-year but topped estimates. "Our operating expenses remain too high, which hinders our ability to invest in our future," CEO Peter Stern wrote in a shareholder letter. "Today, we are launching a cost restructuring plan intended to achieve at least $100 million of run-rate savings by the end of FY26 by reducing the size of our global team, paring back indirect spend, and relocating some of our work. This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business." For fiscal 2026, Peloton sees revenue of $2.4 billion to $2.5 billion, with the midpoint above consensus estimates. Peloton shares advanced 10% shortly after the opening bell but remain roughly 10% lower this year. Read the original article on Investopedia
Yahoo
3 days ago
- Business
- Yahoo
Warner Bros Discovery beats second-quarter revenue estimates
(Reuters) -Warner Bros Discovery topped Wall Street estimates for quarterly revenue on Thursday, boosted by the international expansion of HBO Max and blockbuster releases including U.S. top grosser "A Minecraft Movie." The company gained 3.4 million global streaming subscribers in the quarter ended June, fueled by international expansion of rebranded HBO Max into Australia. Analysts at Visible Alpha had expected 2.71 additions. "A Minecraft Movie", inspired by the iconic video game, grossed nearly $1 billion worldwide, while Michael B. Jordan starrer "Sinners" powered past $360 million at the global box office. WBD, which is restructuring into studio-focused Warner Bros and cable-centric Discovery Global, reported second-quarter revenue of $9.81 billion. Analysts had expected $9.76 billion, according to data compiled by LSEG.
