Wednesday, February 12, 2020

Why is Shopify (SHOP) Soaring Today?

Shares of e-commerce platform Shopify SHOP is surging in Wednesday trading; SHOP was up as much as 15.6% today and hit a new 52-week high.

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Shopify reported better than expected Q4 results, fueling investor optimism in the company's short- and long-term growth prospects. Earnings and revenue easily beat the Zacks Consensus Estimate, and holiday sales jumped 61% to $2.9 million. But, its upbeat 2020 revenue guidance is really driving the stock. Shopify expects revenue to range from $2.13B to $2.16B compared to consensus estimates of $2.11B

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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And here's another article:

Stock Market News: Shopify, Bed Bath & Beyond Show Both Sides of Retail's

The e-commerce platform provider also sees 2020 playing out well. Full-year revenue should grow 35% to 37% over 2019 levels, and the company hopes to break even on an adjusted operating basis in the coming year.

Elsewhere, shares of Bed Bath & Beyond plunged 26%. The home goods retailer released some preliminary information from its fourth quarter, and investors didn't like what they saw.

The early numbers from Bed Bath & Beyond were bleak. For the first two months of the fiscal fourth quarter, which include December and January, comparable sales were down 5.4%. The retailer attributed the drop to declines in store traffic, along with issues with inventory management and heightened levels of price markdowns and promotions trying to entice shoppers into its locations.

Publisher: _____
Date: 2020-02-12T11:29:00-05:00
Author: Dan Caplinger
Twitter: @themotleyfool
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Shopify, Teva rise; Western Union, Lyft fall

The ride-hailing service disappointed investors by sticking to its long-term forecast for profitability by the end of 2021.

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The e-commerce company reported a surge in revenue that helped it blow away Wall Street's fourth-quarter earnings forecasts.

The owner of Calvin Klein and other brands reaffirmed its profit forecast for the year, despite the new coronavirus' impact on sales.

The advertising and marketing services company's fourth-quarter profit and revenue beat Wall Street expectations.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Stock Market Today: Shopify Soars; BP Going Green | InvestorPlace

On Tuesday, U.S. equities ran to new highs but pulled back as we neared the close. Have no fear, as more gains in the stock market today took the SPDR S&P 500 ETF (NYSEARCA: SPY ) to new all-time highs yet again.

It brought the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA ) and the PowerShares QQQ ETF (NASDAQ: QQQ ) along for the ride too, as they also hit new record highs. So far it seems, nothing can derail the bull market. Tensions with Iran and the spread of the coronavirus from China have merely been blips on the radar.

Publisher: InvestorPlace
Date: 2020-02-12T21:17:05 00:00
Twitter: @InvestorPlace
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While you're here, how about this:

Stocks making the biggest moves midday: Shopify, Lyft, Micron & more

Lyft — Lyft shares dropped 10% after the ride-sharing company failed to update its timeline on when it would become profitable. This overshadowed stronger-than-expected results for the fourth quarter.

Bed Bath & Beyond — Shares of the home goods store chain plummeted more than 20% on disappointing sales. Bed Bath & Beyond said its same-store sales for December and January dropped by 5.4%. Analysts polled by Refinitiv expected a decline of 3.97%. "We are experiencing short-term pain in our efforts to stabilize the business," CEO Mark Tritton said in a statement.

Publisher: CNBC
Date: 2020-02-12T17:34:12 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Shopify, CVS Outperform in Q4, Plus COVID-19 Update

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Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Shopify (SHOP) Q4 Earnings and Revenues Top Estimates

Shopify (SHOP) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 86.96%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of 18.18%.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Shopify COO on Q4 earnings: Direct-to-consumer 'is no longer a fad'

Shopify collected the big bucks during the holiday shopping season, and that's indicative of emerging retail trends, Chief Operating Officer Harley Finkelstein told CNBC's Jim Cramer on Wednesday.

The e-commerce platform, which supplies businesses with means to sell products online, recorded almost $3 billion of global sales over the Black Friday to Cyber Monday shopping period last November, a 61% increase from the year prior.

Publisher: CNBC
Date: 2020-02-12T23:31:59 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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