) shares are climbing in after-hours trading after beating first quarter earnings estimates and raising its share buyback program to $1 billion. Bernstein Senior Analyst Aneesha Sherman joins Market Domination Overtime to break down the earnings report and what it signals about the state of consumer spending.
But the big number that people were looking for was America's growth and that's come in pretty much in line.Do you think it was a little bit of a gross margin beat but it was actually more of a, an operating expense SGN a beat.Um, and probably some better economics on their stores that probably drove some of that cost control.But that's really what drove the beat because the earning, the revenue numbers were in line.
And so it's both those things together and in past years, it's been a lot smaller and so able to continue to grow.Now, it's big enough that when the macro slows down, its size makes it more exposed to that. They did, the international numbers have been really strong, but I guess as China Macro continues to be a struggle as well and Europe isn't particularly strong either.Can this company still grow So, I don't know if we've answered that question in, um, driven confidence in that answer yet with this quarter.
In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.
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