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  • Lululemon stock rallies over 10% on big earnings beat, raised outlook

    Lululemon stock rallies over 10% on big earnings beat, raised outlook

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  • Korn Ferry swings to big profit beat as fee revenue rises to a record, provides upbeat outlook

    Korn Ferry reported Wednesday fiscal first-quarter profit and sales that rose above expectations, as the executive search and consulting company experienced record fee revenue that increased in all lines of its business. The stock was still inactive in premarket trading. For the quarter to July 31, the company swung to net income of $74.8 million, or $1.37 a share, from a loss of $30.8 million, or 58 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per...

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  • Idacorp boosts dividend by 5.6%, plans to keep raising dividends by 5% or more

    Shares of Idacorp Inc. rose 0.7% in afternoon trading Friday, after the Idaho-based utility raised its quarterly dividend by 5.6%, to 75 cents a share from 71 cents. The new dividend's payable and record dates will be announced during the fourth quarter. Based on current stock prices, the new annual dividend rate of $3.00 a share implies a dividend yield of 2.91%, compared with the yield for the SPDR Utilities Select Sector ETF of 2.95% and the implied yield for the S&P 500 of 1.37%....

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  • Steel Dynamics stock surges after upbeat profit outlook, update on stock repurchases

    Shares of Steel Dynamics Inc. surged 2.7% in premarket trading, after the steel producer provided a third-quarter profit outlook that was well above expectations. The company said it expects earnings per share of $4.78 to $4.82, which would represent a quarterly EPS record, and up from 47 cents a share in the year-ago period. Excluding costs associated with the construction of the Sinton Texas Flat Roll Steel Mill, adjusted EPS is expected to be $4.88 to $4.92, above the FactSet consensus of...

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