Check out the companies making the biggest moves midday: Penn Entertainment — The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year,…
Check out the companies making headlines before the bell: Levi Strauss — The jeans maker surged 11% after the company reiterated its full-year outlook. However, Levi noted that it excludes any impact from the White House’s tariffs. The company also posted first-quarter adjusted earnings of 38 cents per share, which was 52% higher versus the…
The vilified linchpin of millennial and Y2K fashion – the skinny jean – might be on its way to a comeback. Over the last few months, a range of skinny styles, including pants and jeans, have cropped up on fashion runways, influencer videos and Google search trends, indicating the divisive garment could soon be a…
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna…
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well behind estimates of 3.7% growth,…
