Diamonds and Dogs
Wayfair Inc. (W)
Wayfair has just what I need, everything for my portfolio, and shipping was free. In all seriousness though, Wayfair is doing great today, up 9.81% to $53.75. The online retailer saw its shares rally after better than expected earnings. For the quarter, Wayfair had a net loss of $0.15 per share, while analyst had anticipated a loss of $0.29 per share. Total net revenue grew by 66.4% to $491.8 million for the latest quarter. Analysts were looking for revenue of $438.49 million. Shares of Wayfair climbed over $5.00 today to a new 52-week high of $56.84 intraday.
Kohl's Corp (KSS)
Kohl's Corp is getting hit hard today, down 8.72% to $56.15. The department store chain saw its shares fall after worse than expected earnings. Kohl's reported revenue of $4.27 billion, up 0.6% year-over-year but about $40 million short of the average analyst estimate. For the quarter EPS came in at $0.66. Kohl's management also stated that back to school sales started later than expected and were slower than they anticipated. Shares of Kohl's fell over $5.50 today but were able to hold above their 52-week low of $53.86.
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