Latest news with #earningsreport
Yahoo
a day ago
- Business
- Yahoo
Canada Goose Holdings Inc. (GOOS) Has Been 'Terrific,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Canada Goose Holdings Inc. (NYSE:GOOS) stands against other stocks that Jim Cramer discusses. Canada Goose Holdings Inc. (NYSE:GOOS) is a Canadian retailer that sells high-end apparel. Its shares have gained 18.5% year-to-date primarily due to a 32% jump in May. Canada Goose Holdings Inc. (NYSE:GOOS)'s stock soared after the firm's fiscal fourth-quarter revenue and earnings beat analyst estimates by a wide margin. During the quarter, the firm reported C$0.33 in adjusted earnings to top analyst estimates of C$0.23 and C$384 million in revenue to beat C$356.4 million in estimates. The stock caught Cramer's attention as its shares rose. Here's what he said: 'That's good. They've been, terrific. Dani Reiss's a terrific guy. That's been a very tough one to won.' A shop window in a city skyline, showcasing the company's luxurious parkas. The recent appearance wasn't the first time Cramer mentioned Canada Goose Holdings Inc. (NYSE:GOOS) in his show. Last year in May, after a strong earnings report, the CNBC TV host advised viewers against buying the shares. Since then, Canada Goose Holdings Inc. (NYSE:GOOS)'s stock has lost 5.9% despite the major gains earlier this month. Here's what Cramer had said in May 2024: 'I'm going to tell you — I'm going to put my trading hat on. When I see a company report that kind of number — that good — and it doesn't go up, I say 'ain't nothing going to get this thing going. Let's stay away.' Overall, GOOS ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GOOS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
a day ago
- Business
- Globe and Mail
Microchip Technology Raises Financial Guidance for Sales and EPS for First Quarter of Fiscal Year 2026
CHANDLER, Ariz., May 29, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net Sales and GAAP and non-GAAP earnings per share for its fiscal first quarter of 2026 ending June 30, 2025. Microchip now expects consolidated net sales for the June quarter to be between $1.045 billion and $1.070 billion. Microchip previously provided guidance on May 8, 2025 of consolidated net sales to be between $1.025 billion and $1.070 billion. GAAP loss per share is now expected to be between $(0.11) and $(0.07), and non-GAAP earnings per share is now expected to be between $0.22 and $0.26. The original guidance for the GAAP loss per share was $(0.15) and $(0.07), and the original guidance for non-GAAP earnings per share was between $0.18 and $0.26. Steve Sanghi, Microchip's CEO and President, commented, "With almost two months of the quarter behind us, our business is performing better than we expected at the time of our May 8, 2025 earnings conference call. Our bookings activity for the month of May is tracking to be higher than any month in the last two years. We are gaining confidence in the recovery of our business as we execute on our strategic initiatives, reduce inventory levels and make progress towards our long-term business model." There will be no conference call associated with this press release. Microchip is attending the Stifel 2025 Cross Border 1x1 Conference and the B of A Securities Global Technology Conference on Wednesday June 3, 2025. A live webcast and replays from the B of A Conference will be available at Cautionary Statement: The statements in this release relating to expecting consolidated net sales for the June quarter to be between $1.045 billion and $1.070 billion, GAAP loss per share to be between $(0.11) and $(0.07), non GAAP earnings per share to be between $0.22 and $0.26, that our business is performing better than we expected, that our bookings activity for the month of May is tracking to be higher than any month in the last two years, that we are gaining confidence in the recovery of our business as we execute on our strategic initiatives, reduce inventory levels and make progress towards our long-term business model are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any continued uncertainty, fluctuations or weakness in the U.S. and world economies (including China and Europe) due to changes in the scope and level of tariffs, interest rates or high inflation, actions taken or which may be taken by the Trump administration or the U.S. Congress (including budget and tax legislation), monetary policy, political, geopolitical, trade or other issues in the U.S. or internationally (including the military conflicts in Ukraine-Russia and the Middle East), further changes in demand or market acceptance of our products and the products of our customers and our ability to respond to any increases or decreases in market demand or customer requests to reschedule or cancel orders; the mix of inventory we hold, our ability to satisfy any short-term orders from our inventory and our ability to effectively manage our inventory levels; foreign currency effects on our business; changes in utilization of our manufacturing capacity and our ability to effectively manage our production levels to meet any increases or decreases in market demand or any customer requests to reschedule or cancel orders; the impact of inflation on our business; competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; our ability to realize the expected benefits of our long-term supply assurance program; changes or fluctuations in customer order patterns and seasonality; our ability to effectively manage our supply of wafers from third party wafer foundries to meet any decreases or increases in our needs and the cost of such wafers, our ability to obtain additional capacity from our suppliers to increase production to meet any future increases in market demand; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies and benefits of our acquisitions; the impact of any future significant acquisitions or strategic transactions we may make; the costs and outcome of any current or future litigation or other matters involving our acquisitions (including the acquired business, intellectual property, customers, or other issues); the costs and outcome of any current or future tax audit or investigation regarding our business or our acquired businesses; the impact that the CHIPS Act will have on increasing manufacturing capacity in our industry by providing incentives for us, our competitors and foundries to build new wafer manufacturing facilities or expand existing facilities; the amount and timing of any incentives we may receive under the CHIPS Act, the impact of current and future changes in U.S. corporate tax laws (including the Inflation Reduction Act of 2022 and the Tax Cuts and Jobs Act of 2017); fluctuations in our stock price and trading volume which could impact the number of shares we acquire under our share repurchase program and the timing of such repurchases; disruptions in our business or the businesses of our customers or suppliers due to natural disasters (including any floods in Thailand), terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally. For a detailed discussion of these and other risk factors, please refer to Microchip's filings on Forms 10-K and 10-Q. You can obtain copies of Forms 10-K and 10-Q and other relevant documents for free at Microchip's website ( or the SEC's website ( or from commercial document retrieval services. Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this May 8, 2025 press release, or to reflect the occurrence of unanticipated events. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. Our solutions serve approximately 109,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at Note: The Microchip name and logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.
Globe and Mail
a day ago
- Business
- Globe and Mail
Market Analysis: May 29th, 2025
Global Markets Canadian Markets Canada's TSX declined on Thursday as falling oil prices weighed on the energy sector. Investor sentiment was further dampened after the Royal Bank of Canada (RBC), the country's largest lender, reported quarterly earnings that missed analysts' expectations. The miss was primarily due to higher-than-anticipated provisions for credit losses, as the bank prepared for potential loan defaults amid a weakening economic environment. This cautious stance, despite RBC's overall income growth across most business lines, intensified concerns about the financial health of Canadian consumers and the broader domestic economy. The combination of lower oil prices and rising worries over economic resilience pushed equity markets lower. American Markets U.S. stocks posted gains, bolstered by Nvidia's strong earnings report which exceeded Wall Street's expectations, reinforcing optimism about the AI-driven tech rally. The broader market was also buoyed by a legal development: a U.S. federal court blocked the implementation of President Donald Trump's proposed 'Liberation Day' tariffs. This decision was seen as a major relief to global markets, which had been bracing for potential disruptions in trade. The U.S. dollar also rose on the news, supported by strong investor appetite and increased demand for safe-haven assets. European Markets European stock markets opened in positive territory, but reversed course and drifted lower later in the session as investors adopted a cautious stance ahead of key macroeconomic data. Focus now turns to Friday's release of German inflation figures, a critical input ahead of next week's European Central Bank (ECB) monetary policy meeting. Traders and investors are closely watching for any signs of easing or tightening in the ECB's tone. Meanwhile, forecasts indicate that European homeowners are likely to face elevated mortgage rates until at least 2030, adding pressure on household finances and consumer spending across the continent. UK markets slipped, led by losses in blue-chip stocks. Data from the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp decline in vehicle production in April, with just 59,203 cars manufactured. This marks the lowest April output in more than 70 years, excluding 2020 during the pandemic lockdowns. The drop was attributed to weaker U.S. demand amid trade tensions, as well as calendar effects due to the timing of the Easter holiday. Additionally, UK services sector sentiment has deteriorated to a 2.5-year low, reflecting growing concerns about domestic economic momentum and consumer confidence. Corporate News Abercrombie & Fitch Co: Barclays raised its target price to $84 from $71 after the company's strong Q1 results beat expectations. Agilent Technologies Inc: Beat Wall Street's Q2 estimates and raised its annual revenue forecast due to strong demand in drug development tools. It maintained its fiscal 2025 adjusted profit forecast. Alphabet Inc: Google began direct online sales of Pixel devices in India, anticipating the launch of its first physical stores in the country. Ansys Inc & Synopsys Inc: The FTC will require asset divestitures to address antitrust concerns over their $35B merger. Synopsys also raised its Q3 revenue forecast. Boeing Co: Expects to complete 737 MAX 7 and MAX 10 certification by year-end, with significant order backlogs for both models. Cadence Design Systems Inc: Named among companies affected by new U.S. export restrictions to China, impacting design software and semiconductor materials. Canadian Imperial Bank of Commerce (CIBC): Reported a 20% rise in capital markets income and an increase in adjusted net income to C$2.02B in Q2, driven by market volatility and higher trading fees. Chevron Corp: Will lay off nearly 800 employees in Texas as part of broader workforce reductions aimed at simplifying operations. Elf Beauty Inc: Acquired Hailey Bieber's skincare brand, Rhode, for about $1B, aiming to expand into the prestige beauty market. Energy Transfer LP: Signed a 20-year LNG supply deal with Japan's Kyushu Electric, marking the latter's first long-term U.S. LNG contract. HP Inc: Cut its FY2025 profit forecast due to weak PC market outlook and inflationary pressures; shares dropped in extended trading. Moderna Inc: The Trump administration canceled a $590M contract for the development of its bird flu vaccine. nCino Inc: KBW raised the price target to $33 from $28, citing improved operating income forecasts for 2026 and 2027. Nordson Corp: Beat Q2 earnings estimates, helped by a 20% revenue jump in its medical and fluid solutions business, aided by the Atrion acquisition. Nutrien Ltd: Announced plans to build a major West Coast port terminal to boost potash exports to Indo-Pacific markets. Nvidia Corp: Beat Q1 sales expectations despite China export curbs, but forecasted $8B in lost revenue due to these restrictions. Piper Sandler raised its price target to $180. Paramount Global: Reportedly offered $15M to settle a Trump lawsuit against CBS News; Trump's team wants over $25M and an apology. PepGen Inc: Discontinued its DMD therapy after failing to boost protein production in a mid-stage trial. Royal Bank of Canada: Reported a strong Q2 with benefits from the $13.5B acquisition of HSBC Canada and strong wealth management performance. Salesforce Inc: Raised its FY2026 revenue and profit outlook due to resilient cloud spending and increasing AI monetization. Baird lowered its price target to $365 from $400. SentinelOne Inc: Trimmed annual revenue guidance due to cautious enterprise spending, especially among SMB clients. Skyward Specialty Insurance Group Inc: KBW raised its target price to $72 from $67, expecting strong growth in premiums and underwriting profits. Sunnova Energy International Inc: Trump administration canceled a $2.92B partial loan guarantee tied to its solar financing initiative. Tesla Inc: Testing driverless Model Y cars in Austin with delivery targeted for June, ahead of schedule. United States Steel Corp: Questions raised about Nippon Steel's $15B bid to acquire U.S. Steel, with investor concerns on capital deployment amid U.S. demand hopes. Victoria's Secret & Co: Took down its website and some in-store services after a security incident. Stores remain open as the company investigates.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Why Did e.l.f. Stock Crash and Then Soar After Earnings?
In this video, I cover e.l.f. Beauty 's (NYSE: ELF) earnings report and explain why the stock crashed and then soared on Thursday. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices us ed were from the trading day of May 28, 2025. The video was published on May 29, 2025. Should you invest $1,000 in e.l.f. Beauty right now? Before you buy stock in e.l.f. Beauty, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and e.l.f. Beauty wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends e.l.f. Beauty. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Yahoo
2 days ago
- Business
- Yahoo
Li Auto Stock Falls on Chinese EV Maker's Weaker-Than-Expected Profit, Outlook
U.S.-listed shares of Li Auto (LI) fell in premarket trading Thursday after the Chinese electric vehicle maker's first-quarter profit and current-quarter projections came up short of analysts' estimates. The company reported adjusted earnings per American depositary share of 0.96 yuan ($0.13) on revenue of 25.93 billion yuan ($3.61 billion). Analysts surveyed by Visible Alpha had forecast 1.03 yuan and 25.28 billion yuan, respectively. The EV maker said it delivered 92,864 vehicles in the first quarter, while analysts were expecting 91,723 units. CFO Tie Li said the first quarter's results "demonstrate our ability to navigate dynamic market conditions effectively while maintaining strong profitability." For the second quarter, the company said it expects to deliver 123,000 to 128,000 vehicles and generate 32.5 billion yuan to 33.8 billion yuan in revenue, both below Visible Alpha forecasts. Li Auto's U.S.-listed shares were down more than 4% about two hours before the opening bell Thursday. They entered the day up about 16% since the start of the year. Read the original article on Investopedia
