• Quotes
  • Shortcuts
The Executive's Internet
Wed, Aug 10th
icon
GoogleAmazonWikipedia


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Stocks earnings'. (Return)

MarketWatch MarketPulseAug 09, 2022
RealReal stock plunges after company cuts earnings outlook
Shares of The RealReal Inc. were sinking more than 11% in after-hours trading Tuesday after the luxury-goods reseller cut its forecast for the full year. The company posted a second-quarter net loss of $53.2 million, or 56 cents a share, compared with a loss of $71 million, or 78 cents a share, in the year-prior period. After adjustments, RealReal generated a loss per share of 40 cents, down from 50 cents in the year-earlier quarter. Analysts tracked by FactSet were anticipating a 47-cent adjusted loss on a per-share basis. RealReal's revenue climbed to $154.4 million from $104.9 million, while the FactSet consensus was for $154.1 million. Looking to the third quarter, executives at RealReal anticipate $145 million to $155 million in revenue along with a loss of $26 million to $30 million on the basis of adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda). Analysts tracked by FactSet were modeling $164.4 million in revenue and a $21.1 million loss on the basis of adjusted Ebitda. For the full year, executives are targeting $615 million to $635 million in revenue along with an Ebitda loss of $100 million to $110 million. RealReal's prior forecast was for $635 million to $665 million in revenue as well as an $80 million to $100 million loss on an adjusted Ebitda basis. "Given the sales labor-related supply shortfall coming out of the second quarter and the shift in consumer demand more reflective of our pre-COVID mix, we are reducing our full year 2022 guidance," Chief Financial Officer Robert Julian said in a release. "However, we are confident about our long-term strategy and prospects."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KiplingerAug 09, 2022
Stock Market Today: S&P, Nasdaq Extend Losing Streaks on Micron Demand Woes
The latest batch of corporate earnings updates sparked a selloff in stocks on Tuesday, with the tech-heavy Nasdaq leading the path lower. 

Travel stocks were hit particularly hard after Norwegian Cruise Lines (NCLH) reported its second-quarter results. For the three-month period, the cruise operator brought in revenue of $1.2 billion and recorded a per-share loss of $1.14, missing analysts' consensus estimates. And in the company's earnings call, CEO Frank Del Rio said that bookings in the second half remain below the "extraordinarily strong" levels they were at in 2019. This sparked a 10.6% drop in NCLH stock to a point not much above its pandemic lows. Other travel-related names like Royal Caribbean Cruises (RCL, -5.6%) and American Airlines (AAL, -2.7%) fell as well.

SEE MORE 10 Metaverse Stocks for the Future of Technology Meanwhile, Micron Technology (MU, -3.7%) followed in the footsteps of fellow chipmaker Nvidia (NVDA, -4.0%), whose revenue warning on Monday put pressure on tech stocks. This morning, MU said it anticipates challenging market conditions to last through its next fiscal year, sparked by lower demand for its memory chips.

"[The] memory industry, including Micron, is in the m

TRENDING TAGS
StockMarket Earnings Inflation Today Tesla
Inflationstocks Reduction Act Report Market
Stockslower inflation Market these investors
EarningsCall Transcript Q2 Inc stock
BillionMusk Tesla Sells Elon Stock
MuskElon Tesla Sells Billion Stock
CallEarnings Transcript Q2 Inc Group
ChinaBiden Signs Going Taiwan Industrial
TranscriptEarnings Call Q2 Inc Group
TeslaMusk Sells Billion Stock Elon

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2022 CEOExpress Company LLC