Alibaba pops, Blue Apron jumps ahead, L Brands grows

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Alibaba (BABA) shares are on the rise today. The company beat analysts estimates on both the top and bottom lines and boosted its full year outlook as well, predicting a 49% to 53% increase for fiscal 2017. Alibaba’s massive Singles’ Day shopping holiday, held on 11/11, is just a little over a week away as well.

Blue Apron (APRN) released it’s quarterly earnings this morning as well. While the company posted a net loss of $87.2M, quarterly revenue was up year-over-year at $210.6M versus last year’s $205.5M, and that was enough to send shares higher in early trading today.

L Brands (LB), the parent company of Victoria’s Secret, is up big to start the day after reporting year-over-year sales growth in October. Same-store sales popped 2% last month when compared to the same period last year. L Brands also said it expects their third quarter earnings to fall at the high end of prior guidance.

Hanesbrands (HBI) shares are lower after the company offered weak guidance for both Q4 and the full year. Shares are down on the news despite year-over-year growth and earnings that were in line with street estimates.

 

 

 

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