collected by :Jack Luxorcollected by :Jack Luxor
As for individual stocks, Universal Display (NASDAQ:OLED) and Revlon (NYSE:REV) attracted heavy investor interest following their quarterly earnings reports. Revenue is now expected to be between $260 million and $280 million, which translates into growth of 30% to 40%. The company revealed sharply lower retailing trends for its products in the core U.S. market, which led to a 5.8% overall sales decline. Sales jumped 87% to $56.6 million, blowing past consensus estimates that were targeting revenue of $33.8 million. Finally, Revlon expects operating income to improve as its recently acquired Elizabeth Arden segment raises its profitability toward the company average.
as declared in Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 5, 2017. After a quiet morning, stocks rose in the afternoon and the S&P 500 finished above the all-time high close it set March 1. Technology companies rose, but IBM missed out after billionaire investor Warren Buffett said he sold a large part of his stake in the company. The Russell 2000 index of smaller-company stocks added 8.15 points, or 0.6 percent, to 1,397. Michael Nagle—Bloomberg /Getty Images(NEW YORK) — A solid pickup in hiring last month helped push the stock market to record highs Friday.
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As for individual stocks, Universal Display (NASDAQ:OLED) and Revlon (NYSE:REV) attracted heavy investor interest following their quarterly earnings reports. Revenue is now expected to be between $260 million and $280 million, which translates into growth of 30% to 40%. The company revealed sharply lower retailing trends for its products in the core U.S. market, which led to a 5.8% overall sales decline. Sales jumped 87% to $56.6 million, blowing past consensus estimates that were targeting revenue of $33.8 million. Finally, Revlon expects operating income to improve as its recently acquired Elizabeth Arden segment raises its profitability toward the company average.
as declared in Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 5, 2017. After a quiet morning, stocks rose in the afternoon and the S&P 500 finished above the all-time high close it set March 1. Technology companies rose, but IBM missed out after billionaire investor Warren Buffett said he sold a large part of his stake in the company. The Russell 2000 index of smaller-company stocks added 8.15 points, or 0.6 percent, to 1,397. Michael Nagle—Bloomberg /Getty Images(NEW YORK) — A solid pickup in hiring last month helped push the stock market to record highs Friday.
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