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DJIA Futures: -8 (-0.02%)

SPX Futures: +10 (+0.2%)

NASDAQ Futures: +72 (+0.5%)

Good morning friends!

Futures are mixed as the rally remains stalled ahead of Friday’s jobs report.

Let’s get right to it!

Weekly Jobless Claims Rise

Weekly jobless claims rose again last week but still came in below expectations. 

The Labor Department reported 220,000 Americans filed initial claims for unemployment benefits.

That was up by 1,000 from the previous week and lower than 222,000 expected. 

Continuing claims fell by 64,000 to 1.861 million vs 1.91 million expected in the week ending November 25.

GameStop Falls After Revenue Miss

GameStop (GME) shares are down 8.4% ahead of the open after missing Q3 revenue expectations. 

Here’s how the videogame retailer’s results compared to analysts’ estimates: 

  • Adjusted EPS: $0.00 vs $0.08 loss expected
  • Revenue: $1.078 billion vs $1.182 billion expected

GameStop said its net sales in Australia, the U.S., and Canada decreased by 16.8%, 13.3%, and 9.7% respectively.

Net sales in Europe jumped 12.8%.

GameStop did not provide guidance.

Dollar General Jumps On Earnings Beat

Dollar General (DG) shares are up 3.5% in premarket trade after beating Q3 expectations on the top and bottom line. 

Here’s how the discount retailer’s results compared to analysts’ estimates: 

  • EPS: $1.26 vs $1.20 expected
  • Revenue: $9.694 billion vs $9.644 billion expected

The CEO said, “While we are not satisfied with our financial results for the third quarter, including a significant headwind from inventory shrink, we are pleased with the momentum in some of the underlying sales trends, including positive customer traffic, as well as market share gains in both dollars and units.”

Dollar General reiterated its full-year guidance for EPS of $7.10 to $7.60 and a sales increase of 1.5% to 2.5%.

Chewy Tumbles On Sales Miss, Weak Guidance

Chewy (CHWY) shares are dropping 11.6% ahead of the open after missing Q3 sales expectations. 

Here’s how the online pet-supplies retailer’s results compared to analysts’ estimates: 

  • Adjusted EPS: $0.15 vs $0.06 loss expected
  • Revenue: $2.74 billion vs $2.75 billion expected

Revenue rose 8.2% year over year.

Chewy’s guidance was also weaker-than-expected which is dragging down the stock. 

The company said it expects full-year revenue between $8.08 billion and $11.1 billion vs $11.24 billion expected. 

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