{"id":64967,"date":"2022-11-08T09:05:23","date_gmt":"2022-11-08T14:05:23","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=64967"},"modified":"2022-11-08T09:05:23","modified_gmt":"2022-11-08T14:05:23","slug":"coffee-with-greta-election-day","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/11\/08\/coffee-with-greta-election-day\/","title":{"rendered":"Coffee With Greta: Election Day"},"content":{"rendered":"

DJIA Futures: <\/b>+107 (+0.3%)<\/span><\/p>\n

SPX Futures: <\/b>+14 (+0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+75 (+0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rising as the market gears up for today\u2019s midterm election results and traders digest the latest batch of Q3 earnings.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Kohl\u2019s CEO to Step Down<\/span><\/h2>\n

Kohl\u2019s <\/b>(KSS) shares are up 7.6% in premarket trade after announcing its CEO will step down.\u00a0<\/span><\/p>\n

Michelle Gass will leave the company on December 2 to pursue a new opportunity.\u00a0<\/span><\/p>\n

Levi Strauss <\/b>(LEVI) separately announced she will serve as president of that company.\u00a0<\/span><\/p>\n

Kohl\u2019s director Tom Kingsbury will serve as interim CEO.\u00a0<\/span><\/p>\n

The company has been under pressure from activist investors to remove Gass after terminating takeover talks over the summer.\u00a0<\/span><\/p>\n

Lyft Sinks On Slowing Growth<\/span><\/h2>\n

Lyft \u200b\u200b<\/b>(LYFT) shares are plunging 17.8% ahead of the open despite beating Q3 expectations as the report showed growth is slowing.\u00a0<\/span><\/p>\n

Here\u2019s how the ride share company\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.10 vs $0.07 expected<\/span><\/li>\n
  • Revenue: $1.054 billion vs $1.056 billion expected<\/span><\/li>\n
  • Adjusted EBITDA: $66 million vs $62 million expected<\/span><\/li>\n<\/ul>\n

    Lyft had 20.3 million active riders in the quarter, up 2% from Q2 and 7% year over year.\u00a0<\/span><\/p>\n

    That missed analysts\u2019 expectations for 21.3 million.\u00a0<\/span><\/p>\n

    Revenue per active ride rose to a record $51.88, up 14% annually and 4% quarterly.<\/span><\/p>\n

    Lyft forecast Q4 revenue between $1.145 billion and $1.165 billion with adjusted EBITDA between $80 million and $100 million.\u00a0<\/span><\/p>\n

    Analysts were estimating revenue of $1.159 billion and adjusted EBITDA of $85 million.\u00a0<\/span><\/p>\n

    TripAdvisor Plummets After Earnings Miss<\/span><\/h2>\n

    TripAdvisor <\/b>(TRIP) shares are plummeting 22.4% in premarket trade after missing Q3 expectations.\u00a0<\/span><\/p>\n

    Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.28 vs $0.39 expected<\/span><\/li>\n
    • Revenue: $459 million vs $444.3 million<\/span><\/li>\n<\/ul>\n

      TripAdvisor said foreign currency fluctuations impacted revenue by $34 million in Q3.\u00a0<\/span><\/p>\n

      Despite the miss, in its letter to shareholders the company said, \u201cOur results reflect a sustained demand for travel and dining, and another quarter of steady progress to full recovery.\u201d<\/span><\/p>\n

      Take-Two Interactive Tanks After Cutting Outlook<\/span><\/h2>\n

      Take-Two Interactive <\/b>(TTWO) shares are plunging 17.3% ahead of the open after cutting its full-year outlook.<\/span><\/p>\n

      Here's how the video game company\u2019s fiscal Q2 results compared to analysts\u2019 expectations:<\/span><\/p>\n

        \n
      • GAAP net loss: $1.54 per share<\/span><\/li>\n
      • Net bookings: $1.5 billion, in line with expectations<\/span><\/li>\n<\/ul>\n

        Bookings were up 53% year over year but Take-Two cut its forecast for full-year bookings.<\/span><\/p>\n

        The company now expects fiscal 2023 net bookings to be between $5.4 billion and $5.5 billion.\u00a0<\/span><\/p>\n

        That\u2019s down from $5.8 billion to $5.9 billion previously.\u00a0<\/span><\/p>\n

        Lordstown Rallies On New Foxconn Investment<\/span><\/h2>\n

        Lordstown Motors <\/b>(RIDE) shares are rallying 17.3% in premarket trade after announcing a new investment from Taiwanese contract manufacturer Foxconn.<\/span><\/p>\n

        The electric truck maker said it still plans to deliver the first models of its Endurance pickup truck before year-end.\u00a0<\/span><\/p>\n

        The company said Foxconn will invest an additional $170 million in Lordstown over three phases.\u00a0<\/span><\/p>\n

        The first $52.7 million is due later this month.\u00a0<\/span><\/p>\n

        Following that investment, Foxconn will own about 18% of Lordstown and be the company\u2019s largest shareholder.\u00a0<\/span><\/p>\n

        Foxconn bought Lordstown\u2019s Ohio factory for $230 million in May, where the company is building its Endurance pickup.<\/span><\/p>\n

        Lordstown said it will use part of that investment from Foxconn to develop a new vehicle.\u00a0<\/span><\/p>\n

        The company said it is actively seeking an automaker partner to help it scale up production of the Endurance.\u00a0<\/span><\/p>\n

        Lordstown now expects to build only 30 of the trucks by year-end, down from its previous target for 50.\u00a0<\/span><\/p>\n

        Key Earnings After The Close<\/span><\/h2>\n

        Here are the companies scheduled to report Q3 earnings after the close today:<\/span><\/b><\/p>\n

          \n
        • Walt Disney <\/b>(DIS)<\/span><\/li>\n
        • AMC Entertainment <\/b>(AMC)<\/span><\/li>\n
        • Lucid Group <\/b>(LCID)<\/span><\/li>\n
        • Lordstown Motors <\/b>(RIDE)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: +107 (+0.3%) SPX Futures: +14 (+0.4%) NASDAQ Futures: +75 (+0.7%) Good morning friends! Futures are rising as the market gears up for today\u2019s midterm election results and traders digest the latest batch of Q3 earnings.\u00a0 Let\u2019s get right to it! Kohl\u2019s CEO to Step Down Kohl\u2019s (KSS) shares are up 7.6% in premarket trade after announcing its CEO will step down.\u00a0 Michelle Gass will leave the company on December 2 to pursue a new opportunity.\u00a0 Levi Strauss (LEVI) separately announced she will serve as president of that company.\u00a0 Kohl\u2019s director Tom Kingsbury will serve as interim CEO.\u00a0 The company has been under pressure from activist investors to remove Gass after terminating takeover talks over the summer.\u00a0 Lyft Sinks On Slowing Growth Lyft \u200b\u200b(LYFT) shares are plunging 17.8% ahead of the open despite beating Q3 expectations as the report showed growth is slowing.\u00a0 Here\u2019s how the ride share company\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $0.10 vs $0.07 expected Revenue: $1.054 billion vs $1.056 billion expected Adjusted EBITDA: $66 million vs $62 million expected Lyft had 20.3 million active riders in the quarter, up 2% from Q2 and 7% year over year.\u00a0 That missed analysts\u2019 expectations for 21.3 million.\u00a0 Revenue per active ride rose to a record $51.88, up 14% annually and 4% quarterly. Lyft forecast Q4 revenue between $1.145 billion and $1.165 billion with adjusted EBITDA between $80 million and $100 million.\u00a0 Analysts were estimating revenue of $1.159 billion and adjusted EBITDA of $85 million.\u00a0 TripAdvisor Plummets After Earnings Miss TripAdvisor (TRIP) shares are plummeting 22.4% in premarket trade after missing Q3 expectations.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.28 vs $0.39 expected Revenue: $459 million vs $444.3 million TripAdvisor said foreign currency fluctuations impacted revenue by $34 million in Q3.\u00a0 Despite the miss, in its letter to shareholders the company said, \u201cOur results reflect a sustained demand for travel and dining, and another quarter of steady progress to full recovery.\u201d Take-Two Interactive Tanks After Cutting Outlook Take-Two Interactive (TTWO) shares are plunging 17.3% ahead of the open after cutting its full-year outlook. Here’s how the video game company\u2019s fiscal Q2 results compared to analysts\u2019 expectations: GAAP net loss: $1.54 per share Net bookings: $1.5 billion, in line with expectations Bookings were up 53% year over year but Take-Two cut its forecast for full-year bookings. The company now expects fiscal 2023 net bookings to be between $5.4 billion and $5.5 billion.\u00a0 That\u2019s down from $5.8 billion to $5.9 billion previously.\u00a0 Lordstown Rallies On New Foxconn Investment Lordstown Motors (RIDE) shares are rallying 17.3% in premarket trade after announcing a new investment from Taiwanese contract manufacturer Foxconn. The electric truck maker said it still plans to deliver the first models of its Endurance pickup truck before year-end.\u00a0 The company said Foxconn will invest an additional $170 million in Lordstown over three phases.\u00a0 The first $52.7 million is due later this month.\u00a0 Following that investment, Foxconn will own about 18% of Lordstown and be the company\u2019s largest shareholder.\u00a0 Foxconn bought Lordstown\u2019s Ohio factory for $230 million in May, where the company is building its Endurance pickup. Lordstown said it will use part of that investment from Foxconn to develop a new vehicle.\u00a0 The company said it is actively seeking an automaker partner to help it scale up production of the Endurance.\u00a0 Lordstown now expects to build only 30 of the trucks by year-end, down from its previous target for 50.\u00a0 Key Earnings After The Close Here are the companies scheduled to report Q3 earnings after the close today: Walt Disney (DIS) AMC Entertainment (AMC) Lucid Group (LCID) Lordstown Motors (RIDE)<\/p>\n","protected":false},"author":41,"featured_media":64973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-64967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=64967"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64967\/revisions"}],"predecessor-version":[{"id":64974,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64967\/revisions\/64974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/64973"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=64967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=64967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=64967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}