Executives told investors revenue will grow more than 50 percent annually for “multiple” years, according to reports on Reuters, Bloomberg and CNBC. That’s more than 12 percentage points above the previous consensus estimate for next year.
In December, Market Insights noted how money was shifting away from large, well-known companies to smaller and less-known companies.
Target (TGT) surpassed estimates across the board: profit, revenue and same-store sales. Digital also grew 155 percent. Gross margin beat estimates by a full percentage point after effective merchandising reduced markdowns.
We’re finishing the busiest and most important week of earnings season. The five most-valuable U.S. companies issued results. Here’s a quick breakdown:
Technology stocks just had their worst month since March, but some big events could draw attention back to the group in October.
Barely two years ago, sports betting was legalized in the United States. Now investors are getting excited about sports betting stocks with football season less than a month away.