During the company’s second quarter earnings call, CEO Michael Johnson defended Herbalife’s earnings miss and recent hiring of a government affairs official by sharing his grand vision for its future. The comments come a week after Bill Ackman’s Herbalife presentation in New York at which he vehemently insisted the company was a giant pyramid scheme.
Despite raising prices for the first time in three years, consumers’s insatiable appetite for Chipotle burritos continued unabated during the second quarter. The casual dining chain easily beat Wall Street’s earning expectations, posting revenue of $1.05 billion and net income of $110.3 million.
The company reported its third-quarter results today, and it missed analyst estimates on revenue and quarterly guidance. Then again, there were no new products.
The company reported its second-quarter earnings today.
The parent company of Olive Garden and Red Lobster missed analyst earnings estimates for the fourth quarter. Executives, who are facing shareholder opposition to the $2.1 billion sale of Red Lobster, called fiscal 2014 “a year of transformation.”
2U, which partners with universities to offer pricey online degrees, says it plans to focus on adding new programs—which has so far come at the expense of profitability.
With enrollments and revenue still falling, Corinthian Colleges is in danger of going into default, and could be looking to sell.
Chegg is trying to reinvent itself into a full suite of student offerings as skepticism grows over the future of textbook rentals. So far, investors aren’t buying it.
The company added 14 million monthly active users in the first quarter this year, up 6% from the last quarter. Twitter reported its first-quarter earnings today.
The company reported its first-quarter earnings today.
Shares of the for-profit school’s parent company, Apollo Education Group, fell in after-hours trading following a tepid second quarter earnings report. The company also announced a new president for the University of Phoenix.
He told analysts today that the documentary Blackfish has actually drummed up interest in marine mammal parks, making it good for business.
The namesake brand saw sales fall 9% in the fourth quarter while Anthropologie and Free People crushed it. Part of the problem: “The Urban brand has moved somewhat south in terms of age group penetration.”
On its second-quarter earnings call, Costco’s chief financial officer said the company was exploring options to target younger customers for membership and ways to compete with Amazon Prime.
Now we know why the company is trying to get rid of its mobile phone maker. Google missed analyst estimates on earnings, but beat on revenue.
J.C. Penney issued a three-sentence press release on its holiday performance today. The company didn’t include a single number, spooking analysts who cover the company and sending shares down 8%.
Facebook’s stock rose 15% just after the report came out, but it gave back most of those gains during the earnings call. Still, it’s the second quarter in which Facebook has delivered a blowout report, and the stock has more than doubled in the past year.
Netflix just reported its third-quarter earnings, with its EPS nearly quadrupling. Netflix now has 40 million subscribers.
The literary stylings of National Beverage Corp CEO Nick Caporella extend way past yesterday’s weird earnings report.
As a former legislative assistant for Sen. Dick Durbin, Joanna Serra was part of an investigation into Higher One. Now the company turned around and hired her.
A bad sign for this month’s retail earnings.
The social network surprised on the massive upside, outshining Google and Apple. Its mobile business is maturing at an even quicker clip than some aggressive estimates.
Earnings, revenue, and key product sales all came about in line with analyst estimates.
Far from innovative, it was just as dull as any other earnings call, and more confusing to follow.
The CEO of Yum Brands, which owns KFC, Taco Bell, and Pizza Hut, told investors and analysts yesterday about a new challenge the company is facing: “a huge cloud over the hot pot category.”
Apple without a new product is like the Stones without a tour, reliant on an aging back catalog of old hits. But maybe CEO Tim Cook has a few of Mick Jagger’s moves up his sleeve.
Most of Apple’s $145 billion in cash is parked overseas, so issuing debt allows the company to avoid the tax hit that money would be subject to if brought back to the U.S.
Of the highest-paid hedge fund managers last year, two actually underperformed the market.