Tag: Earnings

Aurora’s Earnings Disappointment, Michigan’s Great Week, And More

This was a tough week for cannabis stocks, with all ETFs down driven by disappointing earnings reports.



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Over the five trading days of the week:

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The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 6.8% The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was down 7% The Cannabis ETF (NYSE: THCX): was down 9% The Amplify Seymour Cannabis ETF (NYSE: CNBS): tumbled 3.8% The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 0.4%.

The news was dominated by Aurora Cannabis Inc. (NYSE: ACB)’s fourth-quarter earnings report. The Edmonton, Canada-based company said it lost more than CA$3.3 billion ($2.5 billion) in the fiscal year closing Tuesday.

Total net revenue of CA$72.1 million ($54.1 million) signified a 5% drop from the previous quarter. Net revenue for consumer cannabis in the recreational market was CA$35.3 million ($26.7 million) dropping 9% from the previous quarter. Medical cannabis net revenue

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China Finance Online Co. Limited (JRJC) CEO Zhiwei Zhao on Q2 2020 Results – Earnings Call Transcript

China Finance Online Co. Limited (NASDAQ:JRJC) Q2 2020 Results Earnings Call September 24, 2020 8:00 PM ET

Company Participants

Dixon Chen – IR

Zhiwei Zhao – CEO

Julie Zhu – Acting CFO

Conference Call Participants

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the China Finance Online Q2 2020 Conference Call. At this time all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]

I would now hand the conference over to your first speaker, Mr. Dixon Chen. Sir, please go ahead.

Dixon Chen

Thank you, operator. Welcome to China Finance Online’s 2020 second quarter and first six months financial results earnings conference call. With us today are Mr. Zhiwei Zhao, Chairman and CEO; and Ms. Julie Zhu, acting CFO. Mr. Zhao will provide a summary of business dynamics in the quarter, and then Ms. Julie will

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Nike (NKE) reports fiscal Q1 2021 earnings and revenue beat

Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through the holidays.

The company has used the coronavirus pandemic as an opportunity to accelerate its digital business, and its women’s apparel division grew nearly 200%. As parents stocked up on back-to-school items, and its business picked back up in key markets like China, Nike said its Jordan brand is looking “stronger than ever.”

The company also offered a fresh outlook for fiscal 2021, expecting sales to be up high single digits to low double digits from a year earlier. The outlook comes at a time when many of its rivals are avoiding financial guidance. 

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back,” CEO John Donahoe said during an

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Will Digital Transformation Strategy Boost RH’s Q2 Earnings?

RH RH is scheduled to report second-quarter fiscal 2020 (ended Aug 1, 2020) results on Sep 9, after market close.

In the last reported quarter, this leading luxury home furnishing retailer’s earnings surpassed the Zacks Consensus Estimate by 58.8%. Markedly, the company beat earnings expectations in each of the last four quarters, with the average being 26.6%. However, the metric fell 35.5% from the year-ago level. Also, it lagged revenue expectation by 0.9% and fell 19.3% year over year.

Trend in Estimate Revisions

For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has moved 5.3% upward to $3.36 over the past 30 days. The estimated figure indicates an increase of 5% from $3.20 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $683.6 million, suggesting a 3.2% decline from the year-ago reported figure of $706.51 million.

RH Price and

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The Earnings Big Picture & Analyst Reports for Tesla, Mastercard & Others

Friday, September 4, 2020

We have provided a big-picture update on the evolving earnings backdrop in today’s Zacks Research Daily. And as we always do, we have featured fresh research reports on 16 major stocks, including Tesla (TSLA), Mastercard (MA) and United Parcel Service (UPS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

The Earnings Discussion 

This is a good time to take a look at consensus expectations for the September quarter, with results for the June quarter essentially over now. As of today, we have only S&P 500 company still to report Q2 result. This company is Kroger (KR), which reports next week on Sept. 11th.

Regular readers of our earnings commentary know that we were encouraged the tone and substance of Q2 results,

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