Articles by James Calloway
Lululemon Cuts Forecast, Piling Pressure on Incoming CEO
Lululemon cut its annual revenue and profit outlook after weak U.S. demand, sending shares down 9% after hours. The company now expects fiscal 2026 revenue of $11.00–$11.15 billion.
Rubrik Shares Dip Despite Strong Revenue Growth and Raised Forecast
Rubrik shares slipped 3% despite a 39% revenue surge and raised fiscal 2027 forecast, as AI security demand boosts subscriptions but GAAP losses and competition persist.
Planet Labs Q1 Revenue Surges 42% to Record $94.2M, Backlog Hits $906M
Planet Labs posted record Q1 revenue of $94.2M, up 42% YoY, beating estimates. Backlog surged 72% to $906M on defense demand, but net loss ballooned to $138.9M on a $106.5M warrant revaluation.
Celsius Shares Slide on Texas Probe Into Alani Nu Marketing
Celsius shares dropped 6.8% after Texas opened a probe into whether Alani Nu drinks misled consumers about safety for minors, threatening growth plans.
Consumers Energy Seeks $456M Annual Rate Hike, Citing Grid Upgrades
Consumers Energy has filed for a $456 million annual rate hike that could boost residential bills by 9.8%, drawing criticism from Michigan's attorney general and consumer advocates.
PVH Stock Tumbles 21% After Slashing Revenue Forecast on Middle East Conflict
PVH Corp shares fell 21% after lowering its full-year revenue forecast, blaming the Middle East conflict for weaker demand in Europe, the Middle East, and Africa. The warning erased over a fifth of market value despite a Q1 earnings beat.
Trader Joe's Mini Tote Returns Amid Trademark Lawsuit
Trader Joe's will release a new $2.99 striped mini canvas tote on June 17, concurrent with a federal trademark lawsuit against logistics firms for allegedly facilitating counterfeit sales.
Dollar General Boosts Outlook as Higher-Income Shoppers Seek Value
Dollar General raised its annual profit forecast after Q1 earnings and margins topped estimates, boosted by increased traffic from higher-income shoppers seeking value amid $4+ gas prices.
Veeva Systems Beats Q1 Estimates, Lifts Forecast; Shares Slip on AI and Competition Concerns
Veeva Systems beat Q1 estimates and raised its full-year outlook, but shares dipped 2.5% on ongoing concerns about AI monetization, services growth, and competitive pressures.
CrowdStrike Shares Slide Despite Strong Earnings and Raised Outlook
CrowdStrike (CRWD) shares dropped 11% premarket on Thursday despite beating earnings estimates, raising its full-year outlook, and announcing a four-for-one stock split.
Broadcom Stock Tumbles 11% as AI Chip Forecast Disappoints
Broadcom shares plunged 11% premarket after the chipmaker's AI chip forecast fell short of analyst expectations, despite record Q2 revenue of $22.19 billion.