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- Earnings season is coming to a close, and Markets Insider took a look at some of the biggest winners and losers from the most recent reporting cycle.
- Corporate earnings have been in focus over the last few weeks as investors have been presented with mounting signs of slowing global growth.
- Analysts were also looking to measure the impact of the US-China trade war on sales, corporate investment, and margins.
- Here are the 5 of the biggest winners and losers from second-quarter earnings season.
- Visit the Markets Insider homepage for more stories.
Earnings season is wrapping up as public companies finish reporting financial results for the most recent quarter.
Second-quarter results were closely watched by investors looking for signs of a slowing economy as corporate profits often take a hit when growth begins to wane.
Throughout the past several weeks, as companies have continued reporting sales and profit numbers and hosting earnings calls, economic data has shown powerhouse economies like Germany and China could be headed for a recession.
Many analysts and investors were also trying to assess the impact of the US-China trade war. Companies across industries including semiconductors, industrials, and technology referenced the trade standoff as a looming uncertainty in the macro environment.
Markets Insider put together a list of companies that posted strong single-day share gains following their earning’s releases, in addition to stocks that plummeted after weak results.
Here are five of the biggest winners and losers from the second-quarter earnings season. Each group is listed in increasing order of single-day stock move:
Winner #5: Lyft
Mario Tama/Getty Images
Ticker: LYFT
Single-day stock move: 8%
Key numbers from Lyft’s second-quarter earnings report:
- Revenue: $867 million, compared to $809 million expected by analysts
- Earnings per share: (-0.68%), compared to (-$1.74) predicted by analysts
- Guidance: $3.47 billion in revenue for 2019
Winner #4: Lowe’s
Joe Raedle/Shutterstock
Ticker: LOW
Single-day stock move: 13%
Key numbers from Lowe’s second-quarter earnings report:
- Revenue: $20.99 billion versus $20.96 billion expected by analysts
- Earnings per share: $2.15 compared to $2.013 predicted by analysts
- Net income: $1.70 billion versus $1.58 billion estimated by analysts
- Same-store sales: Increased 2.3% from the same period last year
Winner #3: Target
Associated Press
Ticker: TGT
Single-day stock move: 18%
Key numbers from Target’s second-quarter earnings:
- Revenue: $18.42 billion versus $18.25 billion expected by analysts.
- Earnings per share: $1.82 compared with $1.62 estimated by analysts.
- Profit: $1.32 billion, up 17% from the same period last year.
- Same-store sales: up 3.4% from last year.
See the rest of the story at Business Insider
See Also:
- A $60 billion investing firm unveils 7-year forecasts for a wide range of assets — and explains why emerging markets are a trader’s best bet
- Recession fears from Trump’s trade war have all but ensured the Fed will cut rates further. Here are the 12 stocks Goldman Sachs says could benefit most.
- The market’s biggest investors just traded like they do right before ‘serious damage’ is inflicted on stocks — and one expert warns another painful meltdown could soon strike
Source: Business Insider – feedback@businessinsider.com (Daniel Strauss)