Baozun (BZUN), a China-based e-commerce company, on Wednesday reported Q1 non-GAAP earnings of RMB0.89 ($0.13) per ADS, up from RMB0.54 a year ago and topping the RMB0.86 average estimate from analysts polled by Capital IQ. Revenue increased to RMB1.29 billion from RMB921.2 million a year earlier, driven by the acquisition of new brand partners and the growth of Baozun’s consignment […]
Western Digital (WDC) is scheduled to report earnings after the close on Monday, and while the company is enthusiastic about a second half recovery, Morgan Stanley analysts said they are “convinced” that there is too much inventory for that to happen. “WD does have an offsetting tailwind as hard disk drive margins should recovery through the year, but still from […]
ContraVir Pharmaceuticals (CTRV) shares fell 46% in afternoon trade after the firm priced a public offering of its class A and class B units. The offering has an expected total gross proceeds of about $2.1 million, before deducting placement agent fees and other offering expenses payable by the company. The class A units, with each consisting of one share of […]
Sonic Automotive (SAH) shares jumped 9% intraday after the company reported early Thursday Q1 adjusted earnings of $0.39 per diluted share, up from $0.26 per share a year ago and also above the $0.23 average estimate from analysts polled by Capital IQ. Total revenue fell to $2.39 billion from $2.40 billion a year ago, and lagging the $2.42-billion consensus. Sonic’s […]
The Dow Jones Industrial Average retreated in early trading Thursday after 3M’s (MMM) earnings disappointment, while the Standard & Poor’s 500 and the Nasdaq Composite initially took mixed directions before both measures turned red. The blue-chip gauge posted a decrease of more than 200 points after 3M reported first-quarter results that came in below analysts’ expectations and the company cut […]