Company Results & Outlook

Three of Wall Street's top-performing IPO stocks in 2019 tumbled late on Thursday after the companies' quarterly results failed to satisfy investors and justify their high valuations.

France's Dassault Aviation maintained its 2019 targets for plane deliveries and higher net sales on Wednesday, as it posted a rise in profit for the first half of the year.

Starbucks Corp said on Wednesday it expects 2020 adjusted profit growth to be lower than 2019 as it factors in the impact of a one-time tax benefit that has inflated its bottom line this year.

Models of superheroes and villains from Marvel's "Avengers" movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores.

Dell Technologies Inc beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company's shares up 9% in extended trading.

Best Buy Co Inc forecast annual same-store sales below analysts' estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.

Abercrombie & Fitch Co cut its full-year sales forecast on Thursday after missing Wall Street estimates for the second quarter, as the U.S. apparel retailer bore the brunt of escalating trade tensions between Washington and Beijing.

South African retailer Woolworths Holdings Ltd reported a 2.1% drop in annual earnings on Thursday but cheered investors with a turnaround in its Fashion, Beauty and Home business that had weighed on sales.

British IT group Micro Focus International will miss its full-year revenue target and accelerate a review of its operations, it said on Thursday, sending its shares plunging in early trade.