Articles by James Calloway
Target Projects 2026 Sales Rebound as New CEO Charts Turnaround
Target Corporation has issued a 2026 outlook projecting a return to net sales growth of approximately 2%, alongside an earnings per share forecast between $7.50 and $8.50. The retailer's shares advanced 5.5% in premarket trading following the announcement.
Ouster Surges on Surprise Q4 Profit, Royalty Windfall Fuels Pre-Market Rally
Ouster shares surged 17% in premarket trading following a surprise quarterly profit, largely fueled by a significant one-time royalty payment. The company's Q4 revenue reached $62.2 million with GAAP net income of $4 million.
Maryland School District Retreats from Electric Bus Plan, Seeks 140 Diesel Units
Montgomery County Public Schools is requesting bids for 140 diesel school buses, citing persistent charging and maintenance problems with its electric fleet. The district continues to operate 285 electric buses under a 2021 contract currently under legal appeal.
Credo Stock Plunges on Margin Guidance, CoMira Acquisition
Credo Technology shares tumbled 13% in premarket trading Tuesday after the company projected a sequential decline in gross margins for the current quarter. The company reported robust fiscal Q3 results and announced the acquisition of semiconductor IP specialist CoMira Solutions.
Berkshire Shares Stabilize After Sharp Drop on Earnings, PacifiCorp Risk
Berkshire Hathaway's stock found footing in early trading Tuesday, following a steep decline after quarterly operating profit fell 30% and S&P Global flagged a potential junk downgrade for utility subsidiary PacifiCorp.
Berkshire Shares Stabilize After Sharp Drop on Earnings, PacifiCorp Risk
Berkshire Hathaway's stock found footing in early trading Tuesday after a significant selloff, as investors digest a 30% drop in operating profit and rising legal liabilities at utility subsidiary PacifiCorp.
MongoDB Shares Plunge on Weak Guidance Despite Q4 Beat
MongoDB shares plummeted more than 27% in premarket action Tuesday as the company's first-quarter outlook fell short of expectations, overshadowing a fourth-quarter earnings beat. The database software firm also announced the impending departure of its president of field operations.
MongoDB Shares Tumble on Disappointing Forecast and Executive Shuffle
MongoDB shares dropped over 20% in extended trading following a fiscal 2027 outlook that missed Wall Street targets and a reorganization of its sales leadership team.
MongoDB Shares Tumble on Disappointing Forecast and Executive Shakeup
MongoDB shares fell sharply following a weaker-than-expected outlook and changes to its sales leadership, despite posting strong quarterly results.
Costco Price Target Raised to $1,100 Ahead of Q2 Earnings Report
Evercore ISI increased its Costco price target to $1,100 ahead of Thursday's earnings, while shares trade near $1,000 amid valuation concerns. February comparable sales grew 7.1%.