The Honest Company Inc. (HNST) Q1 Revenues Rise 12%
- Futures falter as Meta Platforms weighs on megacaps
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Jessica Alba's Honest Company (HNST) Tops Q1 Views But Stock Dips as Growth Slows, Prompts Analyst to Downgrade on High Valuation
June 17, 2021 7:15 AM EDTShares of Honest Company (NASDAQ: HNST) are down 8% in pre-open trading Thursday after it reported its quarterly earnings for the first time since going public last month.
Founded by famous actor Jessica Alba, the Honest Company reported a loss of $0.05 per share on sales of $81 million, compared to $0.06 per share on sales of $79.3 million that market analysts expected.
The companys key business unit - diapers and wipes - saw sales fell 2% to $49.6 million on tough comps. On a more positive note, sales of skin and personal care rose 42% to $26.2 million, while... More