Page 2 - What Do Analysts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share: Walmart Inc (NYSE: WMT) reported a big first-quarter earnings beat driven by online and grocery sales growth. On Tuesday morning, Walmart reported a first-quarter EPS of $1.69 on revenue of $138.3 billion. Both numbers exceeded consensus analyst estimates of $1.21 and $131.9 billion, respectively. Revenue was up 3% from a year ago. U.S. same-store sales growth in the quarter was up 6%, exceeding analyst estimates of 0.9% growth. U.S. e-commerce sales were up 37%. Total transactions were down 3.2% from a year ago, but average ticket size was up 9.5%. Sam’s Club same-store sales were u...

Share: Wendy’s Co (NASDAQ: WEN) shares traded higher Thursday after the company reported impressive first-quarter earnings and raised its full-year guidance. For the first quarter, Wendy’s reported adjusted EPS of 20 cents on revenue of $460.2 million. Both numbers exceeded consensus analyst estimates of 15 cents and $444 million, respectively. Revenue was up 13.6% from a year ago. Wendy’s management in part credited the success of its breakfast menu and recently launched chicken sandwich for the earnings beat. Wendy’s reported 13% global same-store sales growth in the quarter. The co...

Share: MGM Resorts International (NYSE: MGM) announced Tuesday the sale of its Springfield, Massachusetts, real estate assets to its REIT MGM Growth Properties LLC (NYSE: MGP) for $400 million. What Happened? The Springfield property is the latest in a series of MGM properties the company has transferred to its REIT. MGM will now lease the property from MGM Growth and continue to operate the facilities. The Master Lease between MGM and its REIT will increase by $30 million annually as a result of the transaction. MGM also holds a 42% economic interest in MGM Growth. Why It’s Important: On ...

Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings Cathie Wood-led Ark Investment Management shed more shares of Apple Inc (NASDAQ:AAPL) on Monday, just days after halving its stake in the maker of iPhones and iPads, and snapped up shares of cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) and daily fantasy sports company DraftKings Inc (NASDAQ:DKNG).  The investment firm sold 87,560 Apple shares, worth about $11.1 million, of the 289,630 shares it owned, as of the day’s close via its ARK Innovation ETF (NYSE:ARKF). No other Ark ETF has a position in Apple. Sh...

Share: Coinbase Global Inc (NASDAQ: COIN) is off to a strong start following last month’s IPO, and one analyst said Monday the stock is just getting started. The Analyst: Oppenheimer analyst Owen Lau initiated coverage of Coinbase with an Outperform rating and $434 price target. The Thesis: In the initiation note, Lau said Coinbase is not just a cryptocurrency exchange, it’s a “platform for digital asset innovation.” He said the stock is well-positioned to capitalize as digital assets are becoming more mainstream over time given cryptocurrency addresses some problems in the current ...