Shares of Verifone skidded more than 28 percent after hours on Tuesday (June 7) as the payments firm reported earnings per share that missed The Street by a nickel. The net income on an adjusted basis came in at $0.47 per share on sales of $526...
Beauty products and cosmetics aren’t usually included in that elusive category of “recession-proof industries,” but recent growth from makeup giant Sephora and emerging sales evidence could mean that a good foundation is a critical element of both retailers and makeovers alike. Ulta released its Q1...
Costco‘s latest quarterly earnings report paints a less-than-rosy picture for the warehouse club retailer. For the first time in over six years, the company reported flat growth in comparable sales and failed to meet analysts’ expectations of 1.9 percent growth, Reuters reported. The stagnation, the Washington-based...
Retail earnings may have long been looked upon as a benchmark for measuring the growth of the economy but not anymore. The shift in calibration comes as signs of weakening sales in the earnings reports of numerous major retailers were counteracted by the U.S Commerce Department report that showed a spike in...
USA Technologies, a provider of cashless and mobile transactions for the self-service retail market, has posted another strong quarter revenue-wise but still posted a loss overall. The company, which reported its third quarter yesterday (May 12), showed a revenue increase of 33 percent YOY, to...
Forget love — investments into publicly traded companies make the world go round. However, when a retailer whose performance was once seen as a bellwether for an entire vertical starts to post poor results quarter after quarter, those investments are going to be in serious...
Shares of Lending Club broke through what might be an important psychological barrier on Monday (May 9) — the $5 level — and issues that caused the stock to tumble by a third on a single day of trading have brought greater scrutiny to bear...
