Tag Archives: Chewy

Yahoo Finance’s Ines Ferre details some of the stocks on the move Friday.

Video Transcript

KARINA MITCHELL: And Ines, you’re watching Oracle, that stock rocketing today.

INES FERRE: Yeah, that’s right, up 15%, Karina, seeing new highs today after the company reported its quarterly results yesterday after the close. Its topline growth grew 6%, sending the stock higher. As you can see, revenue for its latest quarter came in at $10.36 billion, adjusted earnings per share at $1.21. And its infrastructure and application cloud business grew 22%.

Now what’s most interesting was, really, co-founder Larry Ellison on the conference call saying that he received a call from a large telecom client who told him that Oracle’s web hosting service never, ever goes down. Of course, that was a dig at Amazon…

DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Fiscal Q3 2020 Highlights:

• Net sales of $1.78 billion grew 45 percent year-over-year
• Gross margin of 25.5 percent expanded 180 basis points year-over-year
• Net loss of $32.8 million, including share-based compensation expense of $25.1 million
• Net margin of (1.8) percent improved 460 basis points year-over-year
• Adjusted EBITDA⁽¹⁾ of $5.5 million improved 118 percent year-over-year
• Adjusted EBITDA margin⁽¹⁾ of 0.3 percent…