Ubiquiti Inc. (UI) reported lower-than-expected fourth-quarter revenue, leading to a decline in its share price in pre-market trading. Despite increased revenue from the Enterprise Technology platform, the company faced a decline in Service Provider Technology revenue and higher shipping costs, resulting in a drop in gross profit margin. However, Ubiquiti exceeded adjusted earnings per share estimates and declared a quarterly dividend of $0.60.
PVH Corp., the parent company of Tommy Hilfiger and Calvin Klein, is set to release its second-quarter earnings on August 27th. While analysts anticipate strong earnings, some investors are eyeing the potential of PVH’s dividends to generate passive income. This article explores how much PVH stock you would need to own to generate a monthly dividend income of $500 or $100, and highlights the factors that can impact dividend yield over time.
US stock futures are pointing towards a positive opening on Friday, with the Dow Jones futures up over 150 points. However, Ubiquiti Inc. saw a significant decline in pre-market trading after reporting disappointing fourth-quarter sales results. Other notable pre-market losers include Red Robin Gourmet Burgers, U-BX Technology, and Gold Fields Limited.
Sigma Lithium Corp. announced strong second-quarter earnings, driven by increased lithium sales volume, cost-cutting measures, and a diversified customer base. The company’s focus on operational excellence and premium product quality has resulted in impressive margins and a strong financial position.
So-Young International Inc (SY) reported second-quarter revenue that missed analyst expectations, declining slightly year-over-year. While sales of medical products and maintenance services increased, information services and reservation services revenues declined. The company’s outlook for the third quarter is also below analyst estimates, and its stock price has significantly dropped in the past year.
Workday shares soared in pre-market trading after beating earnings estimates. Other notable pre-market movers include Sequans Communications, Portage Biotech, and Momentus, all experiencing significant gains. Several companies also saw notable declines, including WiMi Hologram Cloud, ShiftPixy, and Red Robin Gourmet Burgers.
Workday Inc.’s (WDAY) stock surged nearly 13% in pre-market trading on Friday, fueled by the company’s impressive second-quarter earnings results and a positive outlook for the future. The company exceeded revenue and earnings estimates, demonstrating strong growth in subscription revenue and a robust cash position.
CrowdStrike Holdings (CRWD) shares are recovering slightly after a major outage impacted several industries. With second-quarter earnings approaching, the stock’s volatility is expected to continue. The company is addressing competition and the outage, which will be key topics during the earnings call.
CAVA Group, Inc. (CAVA) reported strong second-quarter earnings, exceeding analysts’ expectations on both earnings per share and revenue. The company also announced increased same-restaurant sales growth and raised its full-year adjusted EBITDA guidance.
Intuit reported strong fourth-quarter financial results, exceeding revenue and earnings expectations. The company also announced a new $3 billion share buyback authorization and a quarterly dividend of $1.04 per share. Despite positive results, Intuit’s outlook for the first quarter fell short of analyst expectations.
