Michaels’ shares are up after exceeding low expectations
September 4, 2019
Shares in the Michaels Cos. jumped 21 percent in premarket trading after the company posted same-store sales growth of 0.3 percent during the most recent quarter, ahead of the 1.1 percent decline expected by Wall Street. The retailer’s adjusted earnings per share came in at 19 cents, ahead of the consensus of 14 cents.
Recent News
Alaska Airlines Resumes Flights After Ground Stop
As a precautionary measure to resolve an issue that arose during a system upgrade, Alaska Airlines requested a ground stop, which lasted about an hour.
Google Announces More Layoffs and Roles Moving Overseas
Google has made significant changes to its workforce, laying off employees and shifting some jobs overseas as part of a large-scale restructuring.
Peloton Ends Free App Access Amidst Subscriber Struggles
Peloton has ended its unlimited free app membership, less than a year after its introduction.
Eli Lilly’s Weight Loss Drug Can Help With Sleep Apnea
Tirzepatide reduced sleep apnea by upwards of two-thirds in adults.