Barnes & Noble
Another weak report from Barnes & Noble. The bookstore chain posted sales that fell for the fifth straight quarter and a fiscal first quarter loss that widened to $35 million. Decreased demand for its Nook e-reader tablets and online books weighed on results. Shares slid more than 27 percent to $11.80.
Krispy Kreme posted late earnings that disappointed. The doughnut chain missed estimates on both the top and bottom lines. On top of that, its full-year earnings guidance was weak. The company says its results were hit by weaker than expected demand for its packaged goods. Shares slipped in initial after-hours trading. Before the close, the stock was off a fraction to $17.73.
The opposite story for Box. The cloud storage company posted a loss that was smaller than anticipated and a revenue beat.. As more customers subscribed to its services. Its third quarter guidance was better than predicted. Shares were higher right after the close. Shares ended the regular session up 2.5 percent to $14.25.
Palo Alto Networks
Palo Alto Networks posted quarterlies that beat on the top and bottom lines. It also gave strong first quarter guidance. This as companies and governments are spending more to protect themselves from cyber attacks. Shares popped in initial after-hour trading. At the close, the stock was off slightly to $165.17.
CSX Railroad announcing today that weak coal demand will weigh on its results next year. The firm says it will be difficult to meet its profit goals and it expects small full-year bottom line growth. Shares were off a fraction to $27.81.
XPO Logistics is buying the trucking company Conway in a deal worth $3 billion. The combination will increase XPO’s revenue to $15 billion, according to the firm. Shares spiked in initial after hours trading. Before the close, the stock was off almost two percent to $35.53.
And McDonald’s is switching to cage-free eggs in the U.S. and in Canada over the next decade. This comes just a few months after the fast food chain announced it will stop using chickens raised with certain antibiotics at its u-s restaurants. Shares were off more than one percent to $95.43.