Hoka and Ugg sales soar, Deckers stock soars
18 minutes ago
Shares of Deckers Brands (DECK) soared on Friday, a day after the company reported earnings and reported sales growth of 30% and 14%, respectively, for its popular Hoka and Ugg brands compared to the same period last year.
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Deckers reported first-quarter fiscal 2025 revenue of $825.3 million, up more than 22% from $675.8 million in the same period last year and beating analyst expectations, according to estimates compiled by Visible Alpha.
The company earned net income of $115.63 million, more than double the $55.25 million it reported in the first quarter last year and beat expectations.
–Aaron McDaid
Charter Communications soars on better-than-expected profit
55 minutes ago
Shares of cable, phone and Internet provider Charter Communications (CHTR) soared on Friday after the company reported better-than-expected earnings thanks to increased demand for mobile services.
Charter reported second-quarter earnings per share of $8.49 on revenue that rose less than 1% to $13.69 billion, both of which beat expectations of analysts surveyed by Visible Alpha.
Mobile services revenue rose 36.9 percent to $737 million. Revenue from Internet services, the company’s largest division, rose 1.3 percent to $5.81 billion.
Charter shares rose 16% in recent trading, leading the Nasdaq gains.
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–Bill McCall
Dexcom Slumps on Weak Revenues and Guidance
2 hours 12 minutes ago
Dexcom (DXCM) shares fell 40% at the open on Friday after the company reported weaker-than-expected second-quarter profit and sharply cut its full-year revenue outlook.
The blood glucose monitor maker said it lowered its full-year organic revenue growth forecast to 11% to 13% from a 17% to 21% forecast in April.
Dexcom shares are expected to decline from a symmetrical triangle, a chart pattern that often precedes a trend move in the direction of a breakout.
Dexcom stock could attract buying interest at key chart levels such as $70, $52, $37, and $24.
It’s also worth noting that in the four instances since 2016 when the Relative Strength Index fell below the 30 threshold, stock prices rose by at least 40% within the following six months.
See the full technical analysis here.
–Timothy Smith
Stock index futures rise ahead of key inflation data release
3 hours 39 minutes ago
Futures tracking the Dow Jones Industrial Average rose 0.7%.
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S&P 500 futures rose 0.9%.
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Nasdaq 100 futures rose 1.1%.
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