Tag: money

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide and operates in four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Fluor Corp announced their first quarter earnings this past week and the stock price plummeted almost 25% toward a near 11-year low, while suffering their biggest-ever one-day drop, after the engineering, reported an unexpected loss, revenue that missed expectations, provided a downbeat outlook and after the chief executive had stepped down.

Profit and investor confidence in the engineering and construction company has been

While Beyond Burger made noise going public this week, Shake Shack made some noise of their own.

Shake Shack announced their quarterly earnings this past week.  Despite operating expenses increasing 1% of revenue year over year, the Markets reactive positively to the numbers.

Shake Shack posted net income of $3.6 million, or 9 cents a share, compared with $3.5 million, or 13 cents a share, in the comparable year-earlier period. Revenue jumped to $132.6 million from $99.1 million, while same-store sales gained 3.6%.    In addition, Shake Shack raised their full-year revenue guidance by $6 million and increased its expected same-store sales growth

Wayfair provides a variety of websites that offer an extensive selection of home furnishings and decor across all styles and price points. In addition to Wayfair.com, other websites it runs include Birch Lane and Joss & Main.

Wayfair reported first quarter earnings last week that beat revenue, but not earnings Wall Street expectations. Wayfair reported an earnings loss of $1.62 / share on revenue of $1.94 billion, a rise of 39% from the year-ago quarter.

Wayfair’s stock dropped 7% following the e-commerce-focused home furnishings retailer’s release of its first-quarter financial report. Wayfair reported strong top-line growth of 39%, with direct-to-consumer

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.

Cree was the it company years ago because when LED were just coming onto the scene, they were the leaders in the field.  However, Cree couldn’t hold the lead and it became evident when they announced their quarterly earnings this past week.

The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses