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Baozun Beats Q1 Estimates, Issues Q2 Revenue Guidance

Baozun Beats Q1 Estimates, Issues Q2 Revenue Guidance

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 […]

Sonic Automotive Jumps 9%; Q1 EPS Beats

Sonic Automotive Jumps 9%; Q1 EPS Beats

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 […]

Stocks Slide in Early US Trading With Industrials Dented by 3M’s Earnings Miss

Stocks Slide in Early US Trading With Industrials Dented by 3M’s Earnings Miss

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 […]

Jobless Claims Reported Higher Than Expectations Amid Strike Action, Spring Break Volatility

Jobless Claims Reported Higher Than Expectations Amid Strike Action, Spring Break Volatility

The number of claims filed by Americans for first-time unemployment benefits was higher than expected last week against a backdrop of spring break volatility and recent strike action in three states where Dutch grocer Ahold Delhaize (AD.AMS) has Stop & Shop stores. Initial claims for jobless benefits came in at 230,000 on a seasonally-adjusted basis in the week ended April […]