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Amazon To Open Brick And Mortar Shops

Workday, Inc. Q2 adjusted earnings Beat Estimates

Below are the earnings highlights for Workday, Inc. (WDAY):

-Earnings: $105.74 million in Q2 vs. -$28.02 million in the same period last year.
-EPS: $0.41 in Q2 vs. -$0.12 in the same period last year.
-Excluding items, Workday, Inc. reported adjusted earnings of $319.78 million or $1.23 per share for the period.
-Analysts projected $0.78 per share
-Revenue: $1.26 billion in Q2 vs. $1.06 billion in the same period last year.

Two trucks crash on I-70 eastbound just east of Georgetown, causing road closure

A stretch of eastbound Interstate 70 in the mountains has been closed by a serious traffic crash involving a semi-truck and a tow truck.

The crash, just east of Georgetown, involves “critical injuries,” according to the Colorado State Patrol.

Eastbound traffic on I-70 has been shut down in Silverthorne, according to the Colorado Department of Transportation. Eastbound U.S. 6 over Loveland Pass has also been shutdown.

The crash caused a fuel spill on the highway. Drivers should expect long delays.

 

Gap Inc. Q2 adjusted earnings Beat Estimates

Below are the earnings highlights for Gap Inc. (GPS):

-Earnings: $258 million in Q2 vs. -$62 million in the same period last year.
-EPS: $0.67 in Q2 vs. -$0.17 in the same period last year.
-Excluding items, Gap Inc. reported adjusted earnings of $272 million or $0.70 per share for the period.
-Analysts projected $0.43 per share
-Revenue: $4.21 billion in Q2 vs. $3.28 billion in the same period last year.

-Guidance:
Full year EPS guidance: $2.10 to $2.25

Oil Futures Settle Notably Lower On Demand Worries

Crude oil futures settled notably lower on Thursday amid worries about outlook for energy demand due to a surge in coronavirus cases in several countries.

The return of output in Mexico also weighed on oil prices. Pemex said it has restored nearly 20% of the more than 400,000 bpd in oil production it lost due to a fire that erupted on an offshore platform on Sunday.

West Texas Intermediate Crude oil futures for October ended down by $0.94 or about 1.4% at $67.42 a barrel.

WTI futures had gained about 1.2% on Wednesday after data from Energy Information Administration (EIA) showed crude inventories in the U.S. fell by about 3 million barrels in the week ended August 21, falling for a third straight week.

Brent crude futures are currently down $1.03 or 1.45% at $70.25 a barrel.

Meanwhile, according to reports, Royal Dutch Shell and Chevron have started evacuating non-essential personnel from offshore U.S. Gulf of Mexico platforms ahead of a storm expected to enter the Gulf this weekend.

According to the National Hurricane Center, the storm could become a major hurricane and strike the U.S. Gulf Coast by Sunday.

HP Inc. Q3 adjusted earnings Beat Estimates

HP Inc. (HPQ) reported a profit for its third quarter that increased from the same period last year.

The company’s bottom line totaled $1.1 billion, or $0.92 per share. This compares with $0.7 billion, or $0.52 per share, in last year’s third quarter.

Excluding items, HP Inc. reported adjusted earnings of $1.2 billion or $1.00 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.0% to $15.3 billion from $14.3 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q3): $1.2 Bln. vs. $0.7 Bln. last year.
-EPS (Q3): $1.00 vs. $0.49 last year.
-Analysts Estimate: $0.84
-Revenue (Q3): $15.3 Bln vs. $14.3 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.84 to $0.90
Full year EPS guidance: $3.69 to $3.75

Englewood man who was stuck in Kabul is back home

ENGLEWOOD, Colo. – Four days, four planes, and help from a U.S. senator from Arkansas is what it took to get 29-year-old Englewood, Colorado, resident Haroon Zarify, his wife, and two daughters out of Kabul, Afghanistan.

“I am here today, safe because of the people who heard my voice and prayed for me and my family,” Zarify said.

One week ago, Zarify begged for help getting his family to safety while he was stuck in Kabul.

Zarify said shortly after he told his story on Denver7, U.S. Senator Tom Cotton, R-Arkansas, reached out to him via social media.

To read more of this story, head to Denver 7’s website here.

Amazon To Open Brick And Mortar Shops

Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday.

The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be significantly smaller in size. The report says that the size will be around 30,000 square feet, compared to the traditional 100,000 square feet. The first outlets are being expected to open around Ohio and California. The big guns of retail, both e-retail and physical retail, Amazon, Walmart, and the likes have been vying to make the lives of their customers easier during the lockdown period. While Amazon carried on with its growth, it was Walmart who surprised the world by tipping Amazon in the e-retail sector. However, as the markets have re-opened, buyers have moved back to their usual habits of visiting stores.

As things stand, it is Amazon’s turn to take the game to Walmart’s strong zone. The pandemic inflicted lockdown severely impacted the retailers, with many of them turning to a loss last year. This has presented Amazon with the opportunity to venture into the market. After spending years destroying the brick and mortar retail market, Amazon’s entry into the market is surely raising a few brows.

The Journal points that while these physical stores will increase the expenses of the company, they will also help Amazon reach the less-internet savvy shoppers who like the physical experience of shopping.