Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
American Airlines struggled with flight delays and cancellations this summer, hamstrung by the grounded Boeing 737 Max and mired in a bitter labor dispute with its mechanics.Airlinesread more
Check out the companies making headlines after the bell:
Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of 57 cents on revenue of $300 million. Analysts had expected a loss per share of 64 cents on revenue of $294 million, according to Refinitiv consensus estimates. Dheeraj Pandey, Chairman, Founder and CEO of Nutanix, cited the company's "record gross margins, strengthening pipeline, progress in sales hiring, and recent large customer wins."
Ollie's Bargain Outlet Holdings plummeted 26% after its revenue and earnings missed estimates. The discount retailer reported second-quarter adjusted earnings per share of 35 cents on revenue of $334 million. Analysts had expected earnings per share of 46 cents on revenue of $340 million, according to Refinitiv consensus estimates. Ollie's also lowered its full-year guidance. Mark Butler, Chairman, President and Chief Executive Officer of Ollie's, said it was a "tough quarter", citing the rapid opening of its new stores.
Shares of Guess surged 10% after the company reported its second-quarter earnings. The clothing retailer reported second-quarter adjusted earnings per share of 38 cents on revenue of $683 million. Analysts had expected earnings per share of 29 cents on revenue of $671 million, according to Refinitiv consensus estimates.
"This performance exceeded our expectations and was driven by a solid top line increase, strong margin performance and effective expense management," Carlos Alberini, Chief Executive Officer of Guess, said.
Box fell 4% despite beating earnings. The cloud content management company reported second-quarter adjusted earnings per share of 0 cents on revenue of $172.5 million. Analysts had expected a loss per share of 2 cents on revenue of $169.5 million, according to Refinitiv consensus estimates.
"We made significant progress on our key objectives in Q2, as we continued to deliver more products to our customers that enable higher value use cases, while executing on the most compelling product roadmap in our history," Aaron Levie, co-founder and CEO of Box, said.
Shares of Williams-Sonoma dipped 2% despite beating its earnings estimates and raising its full-year guidance. The kitchenware and home retailer company reported second-quarter adjusted earnings per share of 87 cents on revenue of $1.37 billion. Analysts had expected earnings per share of 84 cents on revenue of $1.32 billion, according to Refinitiv consensus estimates. The company also raised its full-year guidance, reporting adjusted earnings per share of $4.60 to $4.80 compared to the $4.69 estimate. Williams-Sonoma also reported $5.74 to $5.90 billion in revenue compared to the $5.78 estimate. Laura Alber, President and Chief Executive Officer, cited its brands West Elm and Pottery Barn for its growth.