Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…
Affirm stock popped 10% Friday after the buy now, pay later firm beat Wall Street’s expectations across the board in its fiscal fourth-quarter results. CEO Max Levchin told CNBC on “Money Movers” Friday that the company is “firing on all pistons.” Earnings came in at 20 cents a share and nearly doubled analyst expectations, with…
Check out the companies making the biggest moves midday: Petco Health & Wellness — The pet store and veterinary services provider surged 22% after raising its full-year adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, guidance. Second-quarter earnings per share topped analysts’ consensus estimates as compiled by FactSet. Celsius — Shares gained more…
Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here’s how the company did versus LSEG consensus estimates: EPS:Â 20 cents vs. 11 cents estimated Revenue:Â $876 million vs. $837 million estimated Revenue climbed 33% in the period…
Check out the companies making headlines in extended trading. Ulta Beauty — The cosmetics and beauty products retailer surged about 6% after raising its full-year earnings and revenue forecast. Ulta expects full-year revenue of $12 billion to $12.1 billion, above the $11.7 billion estimate from analysts polled by LSEG. Ulta expects full-year earnings of $23.85…
These are some of the stocks posting the largest moves in midday trading. [title_words_as_hashtags
Check out the companies making headlines in premarket trading. Kenvue — The Neutrogena-maker jumped 4.5% after the company said its CEO Thibaut Mongon has stepped down . Kenvue said its board is conducting a strategic review of the company and is considering a range of possible alternatives, such as simplifying the company’s portfolio. nCino —…
These are the stocks posting the largest moves in midday trading. [title_words_as_hashtags
My top 10 things to watch Monday, June 9 1. Warner Bros. Discovery will separate into two public companies by the middle of next year: a streaming and studios company, led by CEO David Zaslav, and a global networks business run by current CFO Gunnar Wiedenfels. The networks company — which will include Warner’s entertainment,…
