Shoppers walk past a Bed Bath & Beyond store in Washington, D.C.Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell: Bed Bath & Beyond — The home goods retailer's stock fell 11% in extended trading after the company released its first-quarter financial results. Bed Bath & Beyond reported a loss of $ 1.96 per share excluding some items on revenues of $ 1.31 billion while analysts polled by Refinitiv expected a loss of $ 1.22 per share on revenues of $ 1.39 billion. As the company's stores were closed during the pandemic, the retailer's sales fell 49% to $ 1.31 billion from $ 2.57 billion a year ago. The company also said it will close about 200 of its stores over the next two years.NIO — Shares of the Chinese electr
Social media giant TikTok has announced plans to commission hundreds of experts and institutions to produce educational content for the platform.Universities and charities are among those who will be paid to create bespoke content for the social media giant.The new focus could appeal to the trend for micro-learning, said one expert.TikTok has been downloaded more than two billion times on iOS and Android since it was launched globally in 2017. It allows users to make videos up to 15 seconds long, with music in the background.With its success built on user-generated entertainment videos, the move to incorporate professionally produced learning content marks a significant shift, as the company attempts to diversify its content.At l...
Johannes Eisele | Getty ImagesThe country is in a recession and it's certainly unclear how long this downturn could last.Chances are that you or someone you know has taken a financial hit because of the sudden downturn.Now, the National Bureau of Economic Research has determined that the U.S. entered into a recession in February. That put an end to a historic expansion that lasted for almost 11 years.More from FA Playbook:Advisors who applied for PPP loans share storiesSome financial advisors may not actually be 'advisors'Op-Ed: Advisor must help clients 'get back to basics'And while the stock market has broadly recovered from its March lows, some experts see trouble on the horizon. More than half — 51% — of global CFOs surveyed by CNBC expect the Dow Jones Industrial Average to
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY.Gary Hershorn | Getty ImagesCheck out the companies making headlines after the bell.Adobe — The software company's stock rose 4% in extended trading after Adobe ptovided its second-quarter earnings. Adobe reported earnings of $ 2.45 per share excluding some items with revenue of $ 3.13 billion, while analysts estimated earnings of $ 2.33 per share on revenue of $ 3.16 billion, according to Refinitiv. "The tectonic shift towards 'all things digital' across all customer segments globally will serve as a tailwind to our growth initiatives as we emerge from this crisis," said president and CEO Shantanu Narayen in a company statement when referring to the
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.Daniel Slim | AFP | Getty ImagesCheck out the companies making headlines after the bell.Tractor Supply Company — The farm supplies retailer's stock shot up 7% in extended trading after the company provided its financial outlook for the second quarter of 2020 at a time when many companies are withdrawing guidance. Tractor Supply said it expects "record-breaking" sales and earnings, as well as comparable-store sales growth of 20% to 25%. The company's stock is up 46% since March 16 and has been the best-performing retailer in the S&P 500 during that time. Disney — The entertainment giant's stock climbed 1% in extended trading after the company