BlackBerry Ltd. (NASDAQ:BBRY) new boss says he’s stabilized the struggling smartphone maker enough to now set his sights on growth in order to “save the patient.” BlackBerry shares surged the most in six months Thursday after the company reported a narrower loss in the fiscal first quarter than analysts had estimated. As cost cuts, asset sales and cash preservation help drive Chief Executive Officer John Chen’s turnaround, the company is still planning to reach break-even cash flow by the end of this fiscal year. Chen also expects to return to profitability during the year that ends in March 2016. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 11.95%. On last trading day company shares ended up $9.09. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is 20.48%.
In a stunning move, the board of directors of Los Angeles–based American Apparel Inc. (NYSEMKT:APP) voted June 18 to suspend founder, President and Chief Executive Officer Dov Charney, naming John Luttrell as interim CEO. The board, whose decision was made on a 5–0 vote, also notified Charney of its intent to terminate his employment for cause. American Apparel Inc. (NYSEMKT:APP) shares advanced 6.72% in last trading session and ended the day on $0.683. APP gross Margin is 50.60% and its return on assets is -19.60%.American Apparel Inc. (NYSEMKT:APP) quarterly performance is -8.93%.
Kroger Co. (NYSE:KR) saw a 4 percent jump in first-quarter profit and the nation’s biggest supermarket raised its earnings forecast for the year. The Cincinnati Company which also runs Ralphs, Fry’s and other chains earned $501 million, or 98 cents per share, for the quarter. That compares with $481 million, or 92 cents per share, a year ago. The Kroger Co. (NYSE:KR) shares moved up 5.06% in last trading session and was closed at $49.66, while trading in range of $49.31 – $50.20. The Kroger Co. (NYSE:KR) year to date (YTD) performance is 26.62%.
The Starbucks Corporation (NASDAQ:SBUX) has announced that it will begin offering discounted tuition benefits to employees working at least 20 hours per week through a partnership with the online degree program at Arizona State University. Starbucks Corporation (NASDAQ:SBUX) ended the last trading day at $77.23. Company weekly volatility is calculated as 1.30% and price to cash ratio as 39.03.Starbucks Corporation (NASDAQ:SBUX) showed a positive weekly performance of 4.42%.
Motorcycle enthusiasts are about to find out as Harley-Davidson Inc. (NYSE:HOG) rolls out an electric bike a sleek, futuristic version that sounds like a jet airplane taking off. The public will get its first look at handmade demonstration models at an invitation-only event Monday in New York. The company will then take the models on the road for riders to try and provide feedback. Harley will use the information to refine the bike, which might not hit the market for several more years. Harley-Davidson Inc. (NYSE:HOG) net profit margin is 12.80% and weekly performance is 0.50%. On last trading day company shares ended up $70.14. Analysts mean target price for the company is $77.12. Harley-Davidson Inc. (NYSE:HOG) distance from 50-day simple moving average (SMA50) is -0.60%.