Wednesday, 8 May 2024

Lululemon Athletica Inc. Q2 Earnings Advance

Marlon Wayans Signs On With WME

EXCLUSIVE: Marlon Wayans has signed with WME. The news comes as he most recently took on seven lead roles in Netflix’s Sextuplets, a comedy he also wrote and produced which bowed on the streaming service in August. He will next be seen in Sofia Coppola and Apple-A24’s On the Rocks opposite Bill Murray and Rashida Jones.

He was previously agented by UTA, and he remains with ICM Partners for his touring business. Wayans continues to be repped by 3 Arts Entertainment and Morris Yorn.

Wayans has written, produced and starred in 14 features including White Chicks and the Scary Movie franchise, the latter of which has collectively grossed over $896 million at the worldwide box office.

On the TV side, he co-created and starred in his own comedy series for NBC, Marlon, in addition to starring with his brother Shawn in the late 1990s sketch series The Wayans Bros., which ran for five seasons on the WB.

2 missing teens found: White Butte RCMP

UPDATE: Police announced on Sept. 5 that Evan Nadli and Kaiden Brass-Nyhus have been located and are safe.

White Butte, Sask., RCMP sought public help to confirm the safety of the two teenage boys on Aug. 29.

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2-year-old boy reported missing near Aneroid, Sask. located, is safe

Domo stock tanks after fiscal 2020 outlook disappoints

Shares of Domo Inc. DOMO, +4.48% tanked more than 30% in the extended session Thursday after the cloud computing company reported quarterly results that met expectations but called for a wider loss and less sales for the year. Domo said it lost $31.2 million, or $1.14 a share, in the second quarter of fiscal 2020, compared with a loss of $46 million, or $4.41 a share, in the year-ago quarter. Adjusted for one-time items, Domo lost $26.4 million, or 96 cents a share, compared with a loss of $3.44 a share a year ago. Revenue rose 22% to $41.7 million. Analysts polled by FactSet had expected an adjusted loss of 99 cents a share on sales of $41.7 million. For the full fiscal 2020, Domo said it expects revenue between $168 million and $169 million, and an adjusted net loss between $4 a share and $4.10 a share. The analysts surveyed by FactSet expect a loss of $3.82 a share on sales of $173.6 million for the year.

Zoom Video stock falls despite surprise profit, increased earnings forecast

Zoom Video Communications Inc. ZM, -0.90% shares declined more than 5% in after-hours trading Thursday after reporting a surprise profit and increasing the videoconferencing company’s annual forecast for earnings and revenue. Zoom Video reported second-quarter earnings of $5.5 million, or 2 cents a share, on revenue of $145.8 million. After adjusting for stock compensation and other factors, the company said that earnings were 8 cents a share, handily beating estimates. Analysts on average expected Zoom to report adjusted earnings of a penny a share on sales of $130.3 million, according to FactSet. The company increased its annual forecast to adjusted earnings of 18 to 19 cents a share on sales of $587 million to $590 million, up from earlier guidance of 2 to 3 cents a share on annual sales of $535 million to $540 million. Zoom went public in April at $36 a share, but has traded for no less than twice that price since May, giving it the highest enterprise value-to-sales ratio of any company worth more than $500 million. Shares fell 0.9% Thursday to close at $92.69 before the earnings were announced, and declined to about $87 in immediate after-hours trading following the release of the results.

Zumiez stock rallies 10% on Q2 beat, raised guidance

Shares of Zumiez Inc. ZUMZ, +3.99% rose more than 10% in the extended session Thursday after the retailer reported second-quarter earnings and sales above expectations and upped its guidance for the year. Zumiez said it earned $9 million, or 36 cents a share, in the quarter, compared with $4.4 million, or 17 cents a share, in the year-ago period. Sales rose 4.3% to $228.4 million. Analysts polled by FactSet had expected earnings of 19 cents a share on sales of $224 million for the quarter. Comparable-store sales increased 3.6%, the company said. The retailer raised its guidance for the year, thanks to "better than anticipated trends and performance year-to-date." It called for EPS between $2.10 and $2.20, up from a previous guidance of EPS between $1.84 a share and $1.94 a share. The company plans on opening about 16 new stores in fiscal 2019, including up to six stores in North America, it said. Zumiez also introduced guidance for the next quarter, saying it expects sales between $258 million and $263 million and net income between 55 cents and 61 cents a share.

Lululemon Athletica Inc. Q2 Earnings Advance

Lululemon Athletica Inc. (LULU) announced a profit for its second quarter that increased from last year.

The company’s profit came in at $124.99 million, or $0.96 per share. This compares with $95.77 million, or $0.71 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.89 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 22.1% to $883.35 million from $723.50 million last year.

Lululemon Athletica Inc. earnings at a glance:

-Earnings (Q2): $124.99 Mln. vs. $95.77 Mln. last year.
-EPS (Q2): $0.96 vs. $0.71 last year.
-Analysts Estimate: $0.89
-Revenue (Q2): $883.35 Mln vs. $723.50 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.90 – $0.92
Next quarter revenue guidance: $880 – $890 Mln

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