Zumiez shares slipped more than 18% during early trading on Friday after the company reported mixed first-quarter results and issued second-quarter guidance that fell below market expectations. The company reported Q1 GAAP EPS of -$0.82, missing consensus estimates by $0.01, while revenue of $193.3M came in $2.28M above consensus. “We continue to make important progress toward sustained profitable...
Zumiez shares slipped more than 18% during early trading on Friday after the company reported mixed first-quarter results and issued second-quarter guidance that fell below market expectations. The company reported Q1 GAAP EPS of -$0.82, missing consensus estimates by $0.01, while revenue of $193.3M came in $2.28M above consensus. “We continue to make important progress toward sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez. “First-quarter comparable sales increased in the mid-single digits for the second consecutive year, driven by ongoing strength in our North American business and strong mid-single-digit comps in Europe. Sales trends in the U.S. remained nicely positive during the quarter despite increasing pressure on consumers, underscoring the success of our recent merchandise assortments and customer experience initiatives. While still in the early innings, the work we are doing to replicate our full-price selling model in Europe is gaining traction, contributing to year-over-year improvements in sales and margin. Despite some softness in North America during May, we are encouraged that we have been able to grow sales and margin through the challenges in the macro environment and feel we are well positioned to capitalize during the key back-to-school and holiday seasons, when consumers have a reason to come out and shop,” Brooks added. The company introduced second-quarter revenue guidance of $210M to $215M, below the consensus estimate of $218.43M. Earnings per share are expected to be between -$0.23 and -$0.08, well short of the consensus estimate of $0.09. As of May 2, 2026, the company had cash and current marketable securities of $124.2M, compared with $101M as of May 3, 2025. More on Zumiez Zumiez Inc. (ZUMZ) Q1 2026 Earnings Call Transcript Zumiez Is Fit For An Upgrade Zumiez: Pullback Creates Opportunity Given Margin Expansion (Rating Upgrade) Zumiez anticipates Q2 sales of $210M-$215M amid consumer pressure, while pr...
When Quilty hit the industry trades earlier this year, the AI startup promised that its tool could accurately predict a film's success just by reading the script. When people actually got a chance to experiment with Quilty's product, though, they were left skeptical. Even with all the available data in the world, it predicted the script for Christy , which would go on to be a box office flop, woul...
When Quilty hit the industry trades earlier this year, the AI startup promised that its tool could accurately predict a film's success just by reading the script. When people actually got a chance to experiment with Quilty's product, though, they were left skeptical. Even with all the available data in the world, it predicted the script for Christy , which would go on to be a box office flop, would outperform the script for Sinners , which became an Oscar-winning blockbuster. As many AI execs have pitched before, Quilty's founders believe that can help "democratize" their industry by giving up-and-coming creatives access to assistive tools - … Read the full story at The Verge.
Andrew Ross Sorkin is arguably one of the biggest names in business news, and with his new book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation, the man has really shone a bright light on the lessons from the distant past, which may have been forgotten by ... Big-Name Anchor Thinks a Market Downturn is Inevitable — A Sober Reminder That Bull Markets Don’t Ru...
Andrew Ross Sorkin is arguably one of the biggest names in business news, and with his new book, 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation, the man has really shone a bright light on the lessons from the distant past, which may have been forgotten by ... Big-Name Anchor Thinks a Market Downturn is Inevitable — A Sober Reminder That Bull Markets Don’t Run Forever, Even in Boom Times
The U.S. technology sector ( XLK ) shed 43K jobs over the past year, according to Bureau of Labor Statistics data released Friday, marking a downturn nearly as severe as the worst of the 2024 tech recession and significantly worse than either the 2008 or 2020 downturns. The figures, highlighted by economist Joey Politano, reveal a troubling milestone: this is now the longest continuous stretch of ...
The U.S. technology sector ( XLK ) shed 43K jobs over the past year, according to Bureau of Labor Statistics data released Friday, marking a downturn nearly as severe as the worst of the 2024 tech recession and significantly worse than either the 2008 or 2020 downturns. The figures, highlighted by economist Joey Politano, reveal a troubling milestone: this is now the longest continuous stretch of tech job losses in U.S. history. While the dot-com bubble collapse saw larger overall job cuts, tech firms began adding workers again within three years of that downturn. By contrast, the current contraction has persisted for three consecutive years with no signs of slowing. The extended nature of the decline distinguishes it from previous tech sector corrections, which typically featured sharper but shorter periods of job shedding followed by rapid recovery. The weakness stands out as the broader labor market appears far stronger: U.S. employers added 172K jobs in May, more than double the 85K consensus, while the unemployment rate held at 4.3%. Joey Politano More on the Tech Sector FTEC: You Don't Need Stock Picking In Tech, Just This ETF FTEC And The Illusion Of Expected Valuations You Need To Know Single Stock Volatility Jumps To A Record Vs. The VIX Index Databricks CEO says company won't go public this year Workforce shakeup: tech plummets, real estate spared
Webull ( BULL ) is expanding its suite of long-term investing and retirement solutions for U.S. users with the launch of mutual funds for individual retirement accounts. The launch is for select U.S. customers currently, with a full rollout to all IRA accounts expected shortly. IRA customers can access professionally managed mutual funds for more diversified portfolios directly within the Webull p...
Webull ( BULL ) is expanding its suite of long-term investing and retirement solutions for U.S. users with the launch of mutual funds for individual retirement accounts. The launch is for select U.S. customers currently, with a full rollout to all IRA accounts expected shortly. IRA customers can access professionally managed mutual funds for more diversified portfolios directly within the Webull platform. The launch supports investors contributing to retirement accounts, rolling over retirement assets, or looking to diversify their long-term portfolios. More on Webull Corporation Webull Corporation 2026 Q1 - Results - Earnings Call Presentation Webull Corporation (BULL) Q1 2026 Earnings Call Transcript Webull: Heightened Volatility Should Drive Growth Which brokerages are scrapping pattern day trading rules today? Mid-cap financial stocks ranked by quant ratings after earnings season
Last week's explosion of a New Glenn rocket at Cape Canaveral, Florida, was clearly a setback for Blue Origin and NASA, but it was a learning experience for safety officials looking to open up the spaceport to hundreds more launches per year. The launch base on Florida's Space Coast is gearing up for a flurry of new arrivals. SpaceX is building multiple launch pads for its super-heavy Starship roc...
Last week's explosion of a New Glenn rocket at Cape Canaveral, Florida, was clearly a setback for Blue Origin and NASA, but it was a learning experience for safety officials looking to open up the spaceport to hundreds more launches per year. The launch base on Florida's Space Coast is gearing up for a flurry of new arrivals. SpaceX is building multiple launch pads for its super-heavy Starship rocket, which will operate within a few miles of launch pads operated by SpaceX rivals Blue Origin and United Launch Alliance. Two other companies, Stoke Space and Relativity Space, are also developing launch sites along a narrow stretch of coastline at Cape Canaveral Space Force Station. All of them have, or will soon have, rockets burning methane or liquified natural gas, replacing legacy launch vehicles fueled by kerosene, liquid hydrogen, or solid propellants. There are good technical reasons for making the switch, but until last week, engineers had scant real-world data on the damage that millions of pounds of methane and liquid oxygen would cause if a fully loaded rocket exploded on the launch pad or soon after liftoff. Read full article Comments
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout. (Source: Bloomberg)
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout. (Source: Bloomberg)
Consolidated Water ( CWCO ) declares $0.14/share quarterly dividend , in line with previous. Forward yield 1.86% Payable July 31; for shareholders of record July 1; ex-div July 1. The company has now announced a dividend of $0.14 for five consecutive quarters. See CWCO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Consolidated Water Consolidated Water: Hawaii Delays Have Crushed Sent...
Consolidated Water ( CWCO ) declares $0.14/share quarterly dividend , in line with previous. Forward yield 1.86% Payable July 31; for shareholders of record July 1; ex-div July 1. The company has now announced a dividend of $0.14 for five consecutive quarters. See CWCO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Consolidated Water Consolidated Water: Hawaii Delays Have Crushed Sentiment, But The Thesis Is Still Intact Consolidated Water Co. Ltd. (CWCO) Q1 2026 Earnings Call Transcript Consolidated Water Co. Ltd. (CWCO) Q4 2025 Earnings Call Transcript These are the least attractively valued small-cap utility stocks in the US Small-cap utility stocks ranked by quant ratings after earnings season
Average tour earnings down 45%, with nearly three-fifths of musicians saying touring in Europe is no longer viable More than a quarter of British musicians have lost all their EU work since 2021, according to new research. The report by European Movement UK, a cross-party campaign group advocating closer UK-EU relations, found that nearly half of UK musicians have seen their EU work reduced since ...
Average tour earnings down 45%, with nearly three-fifths of musicians saying touring in Europe is no longer viable More than a quarter of British musicians have lost all their EU work since 2021, according to new research. The report by European Movement UK, a cross-party campaign group advocating closer UK-EU relations, found that nearly half of UK musicians have seen their EU work reduced since 2021, while more than a quarter have lost it entirely. Continue reading...
OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production. Output from its 11 current members dropped by 1.22 million barrels a day to 16.33 million a day in May, with Iran accounting for more than half of the decline, according to a Bloomberg survey. That was the lowest in at least 37 years. Th...
OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production. Output from its 11 current members dropped by 1.22 million barrels a day to 16.33 million a day in May, with Iran accounting for more than half of the decline, according to a Bloomberg survey. That was the lowest in at least 37 years. The data excludes the United Arab Emirates, which left the Organization of the Petroleum Exporting Countries last month after six decades. War between a US-Israeli alliance and Iran has taken a heavy toll on oil supplies from the Middle East, largely shuttering the critical Strait of Hormuz waterway and forcing Saudi Arabia, Iraq, the UAE and Kuwait to slash crude production. Iran’s shipments are also under pressure after the US imposed a blockade of its ports in mid-April. Iran’s output tumbled by 710,000 barrels a day to a five-year low of 2.34 million a day last month, the survey showed. Central Command said US forces have redirected 127 commercial vessels to enforce the blockade of all maritime traffic entering and exiting Iranian ports. The next-biggest decline last month was in Kuwait, where production fell by 310,000 barrels a day to 490,000 a day — less than a fifth of pre-war levels. After that came group leader Saudi Arabia , down 240,000 barrels a day to 6.57 million a day. The production shut-ins haven’t stopped OPEC and its allies from symbolically increasing quotas over the past few months, continuing — if only on paper — a year-long process of restoring output halted several years ago. Three OPEC+ delegates say they expect key members to nudge up targets by a modest 188,000 barrels again in July during a video conference on Sunday. The session is one of four online meetings OPEC and its partners are due to hold that day. Quota Hikes Delegates have said the alliance has plans for two more monthly quota hikes in August and September, which would theoretically com...