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Leggett & Platt Shares Plunge 8% on 2022 Guidance Cut By Investing.com

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© Reuters. By Davit Kirakosyan Leggett & Platt (NYSE:) shares plummeted more than 8% after-hours following the company’s 2022 EPS and revenue guidance cut. The company lowered its fiscal 2022 Sales guidance to $5.1-$5.2 billion from $5.2–$5.4 billion, primarily due to lower volume than previously expected. The consensus estimate stands at $5.32 billion. Full-year EPS …

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AXT Shares Plunge 9% Following Preliminary Q3 Revenue Announcement By Investing.com

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© Reuters. By Davit Kirakosyan AXT, Inc. (NASDAQ:) shares were trading more than 9% lower after-hours following the company’s announced Q3 preliminary revenue figures. The company expects preliminary Q3 revenue to be in the range of $34-$35 million, down from the previous (provided on July 28, 2022) guidance range of $39-$41 million. The adjustment was …

AXT Shares Plunge 9% Following Preliminary Q3 Revenue Announcement By Investing.com Read More »

S&P 500 Buybacks Plunge 21.8% in Q2 as Financials Pull Back Sharply By Investing.com

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© Reuters. By Investing.com Staff Stock buybacks for companies were $219.6 billion in the second quarter, down 21.8% from the first quarter’s record of $281.0 billion, according to S&P Dow Jones Indices. Notably, financials significantly cut back on buybacks, decreasing their expenditures 61.2% to $21.2 billion. Also, Health Care buybacks decreased 58.2% in the quarter. …

S&P 500 Buybacks Plunge 21.8% in Q2 as Financials Pull Back Sharply By Investing.com Read More »

FedEx Issues Massive Profit Warning as Global Volumes Plunge By Investing.com

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© Reuters. By Investing.com Staff FedEx Corporation (NYSE:) warned for the first quarter and withdrew guidance for the year, sending the stock down 11% after-hours. The delivery giant said it sees Q1 non-GAAP EPS of $3.44, down from $4.37 last year and well below the consensus of $5.14. The company said results were adversely impacted …

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Braze Shares Plunge 5% Despite Better Than Expected Q2 Results By Investing.com

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© Reuters. By Davit Kirakosyan Braze Inc (NASDAQ:) shares fell more than 5% after-hours despite the company’s reported , with EPS of ($0.16) coming in better than the consensus estimate of ($0.20). Revenue grew 54.5% year-over-year to $86.1 million, compared to the consensus estimate of $81.16 million, driven primarily by new customers, upsells and renewals. …

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Rent the Runway Shares Plunge 14% on Guidance Miss, While Q2 Results Beat Estimates By Investing.com

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© Reuters. By Davit Kirakosyan Rent the Runway Inc (NASDAQ:) shares dropped more than 14% after-hours following the company’s reported . While EPS of ($0.53) and revenue of $76.5 million came in better than the consensus estimates of ($0.65) and $73.57 million, respectively, the guidance was disappointing. The company ended the quarter with 124,131 Active …

Rent the Runway Shares Plunge 14% on Guidance Miss, While Q2 Results Beat Estimates By Investing.com Read More »

American Eagle Outfitters Reports Q3 EPS Miss, Pauses Dividends, Shares Plunge 14% By Investing.com

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© Reuters By Davit Kirakosyan American Eagle Outfitters (NYSE:) shares were trading more than 14% lower after-hours following the company’s reported , with EPS of $0.04 coming in worse than the consensus estimate of $0.14. Revenue was $1.2 billion (flat year-over-year), in line with the consensus estimate. “Given ongoing external uncertainties, we have taken additional …

American Eagle Outfitters Reports Q3 EPS Miss, Pauses Dividends, Shares Plunge 14% By Investing.com Read More »

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