Stocks · News reference
AFRM: 13% | Affirm Holdings shares are trading higher after the company reported strong Q4 financial results. GAP: 16% | Gap shares are trading higher after the company reported better-than-expected Q2 adjusted EPS
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Affirm stock surged after beating Q4 expectations and issuing strong fiscal 2027 guidance, driven by robust GMV growth and expanding international partnerships.
Read original at benzingaMajor stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Read original at the-motley-foolFed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
Read original at benzingaUBS analyst Timothy Chiodo maintains Affirm Holdings (NASDAQ:AFRM) with a Neutral and raises the price target from $82 to $90.
Read original at benzingaGap Inc. reported Q2 adjusted EPS of $0.52, beating consensus estimates despite a 2% revenue decline. The Gap brand showed strong 10% comparable sales growth, while Old Navy declined 4% and Athleta fell 12%. Gross margins improved 20 basis points, and the company raised full-year adjusted EPS guidance to $2.35-$2.45, supported by margin expansion and share repurchases.
Read original at zacks-investment-researchGap stock surged 13% after beating earnings expectations with $0.52 per share profit (vs. $0.49 expected) while meeting sales forecasts of $3.7 billion. However, underlying performance was mixed—sales declined 2% year-over-year, and most gross margin improvement came from Trump tariff refunds rather than operational gains. The company projects sales growth of 1-1.5% by end of 2026 with improved margins, potentially exceeding full-year profit forecasts of $2.72 per share when tariff refunds are included.
Read original at the-motley-fool