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Dow Jones futures: The market rally has routed out of the Nasdaq and into small- and mid-cap stocks. GameStop plunged late on news.
GameStop shares plunged Wednesday after it terminated its chief executive, replacing him with Chairman Ryan Cohen, who has been looking for ways to revitalize the retailer’s sagging fortunes. Cohen became chairman in June 2021 as part of a restructuring of GameStop’s leadership team and board of directors. The company then hired Matt Furlong from Amazon for the CEO job.
GameStop's board has removed Matt Furlong as CEO. Ryan Cohen was elected executive chairman. The company said sales were down 11% in the latest quarter.
GameStop fires CEO Matt Furlong, CNN CEO Chris Licht steps down, and Bernstein Analyst Mark Shmulik sends an open letter to Amazon CEO Andy Jassy urging the company to refocus. Yahoo Finance Live breaks down some of the top stories of the day.
GameStop fired its CEO Matt Furlong, while Rent the Runway's guidance disappoints investors. Yahoo Finance Live's Seana Smith breaks down some of the biggest after-hours movers.
GameStop GME shares plunged lower in after-hours trading Wednesday after the video game retailer posted a wider-than-expected second quarter loss and fired its CEO Matt Furlong. Furlong, who joined GameStop only two years ago, will be replaced by billionaire investor and group chairman Ryan Cohen, the company said. GameStop said its adjusted loss for the three months ending in March was pegged at 14 cents per share, up from a loss of 52 cents over the same period last year but outside the Street consensus forecast of a 12 cents per share loss.
GameStop said on Wednesday Matt Furlong has been terminated as CEO and the board has appointed billionaire Ryan Cohen as Executive Chairman, effective immediately. Billionaire investor Cohen, who co-founded online pet products retailer Chewy, has been serving as chairman of GameStop and is also a majority shareholder of the Texas-based company.
Affirm stock jumps as Amazon adds it as a payments option, while shares of United Natural Foods fall sharply after the company slashes guidance for the fiscal year.
GRAPEVINE, Texas, June 07, 2023--GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the first quarter ended April 29, 2023. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com.
(Reuters) -GameStop on Wednesday fired CEO Matt Furlong two years after hiring the former Amazon.com executive and appointed billionaire Ryan Cohen as executive chairman, sending the company's shares down more than 20% in aftermarket trading. Furlong joined the videogame retailer in 2021, just months after the company was at the center of a "meme-stock" trading frenzy where a bunch of social media-armed traders talked up the value of the stock. Since Furlong's appointment was announced, GameStop shares have lost over half of their value and have fallen about 65% since June 2021.
GameStop Corp. is expected to report their latest quarterly numbers after the close of trading Thursday. The shares have rallied in the past month, but has this improved the technical picture? Let's check.
Casey's (CASY) fourth-quarter results reflect strength in grocery and general merchandise as well as food and dispensed beverages.
Although the revenue and EPS for Casey's (CASY) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Casey's (CASY) delivered earnings and revenue surprises of -5.70% and 2.21%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
ANKENY, Iowa, June 06, 2023--Casey’s General Stores, Inc., ("Casey's" or the "Company") (Nasdaq symbol CASY) one of the leading convenience store chains in the United States, today announced financial results for the three months and year ended April 30, 2023.
ANKENY, Iowa, June 06, 2023--Casey’s General Stores, Inc., ("Casey’s" or the "Company") (Nasdaq: CASY) today announced that its Board of Directors (the "Board") unanimously elected Darren M. Rebelez, the Company’s President, CEO and a current director, to the additional role of Board Chair, effective June 2, 2023. Mr. Rebelez succeeds H. Lynn Horak as Board Chair, who along with Diane Bridgewater, are retiring from the Board on September 6, 2023.
Investing.com - U.S. stock futures were trading steady during Tuesday's evening deals, after major benchmark averages posted a positive session with the S&P 500 closing near 10-month highs.
Casey's General Stores Inc (NASDAQ:CASY) shares were falling after it reported fourth-quarter results that fell short of expectations. The company, which operates more than 2500 convenience stores across several states, reported total revenue of $3.33 billion and earnings per share of $1.49. Analysts expected it to report earnings per share of $1.56 on revenue of $3.38 billion.
Retail investors have increased their exposure to technology stocks after missing out on the market rally driven this year by artificial intelligence, with many having preferred cash or low-risk money market funds. Net purchases of US stocks by retail investors hit almost $1.5bn on May 30 and 31, the highest daily figures in three months, data from VandaTrack shows. Tech stocks were among the main beneficiaries, at the end of a month in which retail interest in AI-associated companies began to broaden and benefit the likes of Palantir, Marvell Technology and UiPath, as well as bigger names like Nvidia and Microsoft.
Casey's (CASY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Apple is expected to unveil its latest mixed reality headset at its Worldwide Developers Conference on Monday. Plus, earnings season rolls on as meme stock favorite GameStop is set to report its quarterly results. Yahoo Finance markets reporter Josh Schafer takes a look at what to watch this week.
Casey's (CASY) fourth-quarter results are likely to reflect price and product optimization strategies, the increased penetration of private brands and digital engagements.
Broadcom's (NASDAQ: AVGO) stock has surged 45% since the beginning of the year. The diversified chip and infrastructure software company impressed the market with its stable growth, a new multiyear deal with Apple (NASDAQ: AAPL), and the potential benefits from its planned takeover of cloud software giant VMware (NYSE: VMW). Let's review Broadcom's business model, growth rates, and valuations to decide.
Apple's WWDC 2023 is set to take place Monday, June 5th. Many are expecting the tech giant to unveil a new mixed reality headset. Meanwhile earnings season continues with GameStop, Cracker Barrel, and Rent the Runway among the companies set to report. Finally, the economic calendar is light, with ISM services data, factory orders, and weekly jobless claims on tap.
VMware's (VMW) first-quarter fiscal 2024 results reflect top-line growth, driven by strength in demand for the company's multi-cloud offerings.