Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering. The online pet supply retailer announced $1.1 billion in net sales, a 45% improvement from the year-ago period. It also slashed its net loss in half, from $59.8 million to $29.6 million. Still, the stock is up a whopping 49% from offer price through Thursday's close.
Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering. The online pet supply retailer announced $1.1 billion in net sales, a 45% improvement from the year-ago period. It also slashed its net loss in half, from $59.8 million to $29.6 million. Still, the stock is up a whopping 49% from offer price through Thursday's close.
lol.. no one who buys stocks is puts any real value on the stock price.. this is a great time to buy . earnngs were good.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves in the premarket: Microsoft, Chewy, Boeing, AMC & moreThese are the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Microsoft, Skechers, Chewy and moreSee which stocks are posting big moves after the bell on July 18. gold and bitcoin
Source: CNBC - 🏆 12. / 72 Read more »
CrowdStrike stock jumps after beating expectations in its first earnings reportCrowdStrike reports first earnings report since IPO. Compare BlackBerry Software Revenue Growth, now guided to go beyond $1.1 Billion, and BlackBerry valued at $3.92 Billion vs CrowdStrike with guidance of $430M at valued at $16 Billion $B $CRWD $AAPL $MSFT $GOOGL $AMZN $IBM $ORCL $CRM $TSLA WSJ business reuters bgr cnbc lol Investors get so excited just after one quarterly earnings report. I thought long term investors liked yearly earnings...well they used to and if you read Ben Graham.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Microsoft, Skechers, Chewy and moreSee which stocks are posting big moves after the bell on July 18. gold and bitcoin
Source: CNBC - 🏆 12. / 72 Read more »
Netflix stock drops 10% after earnings report reveals drop in global growthThe value of Netflix shares dropped 10% on Thursday, one day after the streaming service reported its first drop in global growth. That’s what you get for pulling out a pro life county Probably because they're removing The Office tbh Netflix is about to lose 90% of it's catalog. No more Disney, fox, warner media, NBC, ect. Yet they are still rasing their prices. All you need now is Hulu, Disney +, and HBO Max.
Source: ABC - 🏆 471. / 51 Read more »
Stocks making the biggest moves in the premarket: Microsoft, Chewy, Boeing, AMC & moreThese are the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »