Target (TGT) Q2 2024 earnings
A Target store stands in Manhattan, New York City, on March 5, 2024. Spencer Platt | Getty Images Target said Wednesday that sales grew about 3% in its fiscal second quarter, a return to growth after a prolonged stretch of…
Snowflake raises annual product revenue forecast, increases share buyback amount
The Snowflake Inc. logo, an American computing-based data cloud company that has a strong partnership with Salesforce, displayed on their stand during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. Joan Cros | Nurphoto | Getty…
Peloton (PTON) earnings Q4 2024
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The company’s shares spiked 35% on Thursday. The beleaguered…
Cava Group (CAVA) earnings Q2 2024
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the…
Bavarian Nordic shares pop on earnings beat, bumper mpox vaccine order
A photo shows the company’s logo on the headquarters of Danish biotechnology company Bavarian Nordic in Hellerup, north of Copenhagen. Liselotte Sabroe | Afp | Getty Images Shares of Danish biotech company Bavarian Nordic jumped more than 12% in early…
Amazon’s cloud unit may need to pass the profit growth baton to e-commerce
Amazon needs to make more money from its retail business at a time when the bar is already high and short-attention-span consumers are looking for bigger and better bargains. Starting in 2025, “the retail business has big shoes to fill…
Palo Alto Networks extends recent stock rally on solid quarterly earnings
Wall Street’s enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended. Shares advanced more than 8% to roughly $372 each in afternoon trading after Palo Alto late Monday posted…
Stocks making the biggest moves after hours: Toll Brothers, Microchip Technology and more
See which stocks are posting big moves after the bell.
Palo Alto Networks (PANW) gets back on track, delivering solid earnings, outlook
After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. The stock rose another 2% in after-hours trading. Revenue during Palo Alto’s…
Estee Lauder forecasts bleak annual results; CEO Freda to depart
Fabrizio Freda, President and CEO of Estee Lauder. Getty Images Estee Lauder forecast annual profit and sales below estimates as the global beauty market struggles with slowing demand mainly in the China market and said CEO Fabrizio Freda was retiring…
HelloFresh shares pop 19% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped Tuesday after the company reported a better-than-expected profit for the second quarter and said its ready-to-eat meals segment saw rapid growth. HelloFresh shares climbed over 19% higher to 6.44 euros by Tuesday’s…
Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted “strong growth momentum” from the technology…
Tencent earnings Q2 2024
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s…
UBS CEO Ermotti says it is too early to talk about a U.S. recession
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not…
UBS second-quarter earnings 2024
Swiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, amid cost-cutting steps and swelling revenue at the lender’s global wealth management and investment bank units. Net profit attributable to shareholders came in at $1.136 billion…
Palo Alto Networks bet big on bundling. Investors want more proof that it’s working
Palo Alto Networks stock has been on a tear into Monday’s fourth-quarter earnings report, entering Friday’s session up nearly 17% since Aug. 5 compared to a roughly 7% gain for the S & P 500 . Translation: Investor expectations of…
Alibaba earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top- and bottom-line expectations for the June quarter of 2024 as it continues to face…
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain’s strong performance is just a…
Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy. Here’s what analysts are expecting for the big-box retailer, according to consensus estimates from…
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming….
World’s largest sovereign wealth fund posts $138 billion in H1 profit
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust…
Home Depot (HD) Q2 2024 earnings
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects…
Sunrun stock surges, company sees opportunity after SunPower files for bankruptcy
A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty Images Sunrun stock jumped 11% on Wednesday as the rooftop…
Deutsche Bank says Eli Lilly stock is a buy, in line with our rating
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. U.S. stocks were mixed on Monday as Wall Street braced for major inflation data later…
Restaurant Brands International (QSR) Q2 2024 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled…
Restaurant CEOs focus on value as they aim to bring back customers
A sign advertises meal deals at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Restaurant CEOs have become obsessed with the word “value” in explaining to investors why their sales lagged this quarter…
Eli Lilly’s blowout quarter should quiet concerns about the stock
Eli Lilly on Thursday reported a home-run quarter fueled by sales of its blockbuster obesity and diabetes drugs, quieting any lingering investor concerns in the stock. Revenue in the second quarter jumped 36% year over year to $11.3 billion, easily…
Eli Lilly second quarter hints it’s making headway in weight loss race
Eli Lilly shares are surging after it posted impressive second-quarter results, helped by a combination of more supply and better pricing for its blockbuster weight loss drugs, Mounjaro and Zepbound, suggesting it might be making headway against Novo Nordisk ….
Eli Lilly (LLY) earnings Q2 2024
Eli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Shares of Eli Lilly…
Under Armour (UAA) earnings Q1 2025
Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending its stock surging in early trading. The company beat Wall Street’s expectations on the top and…
E.l.f. Beauty (ELF) earnings Q1 2025
E.l.f. Beauty‘s growth story is still going. The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company’s sales soared to $324.5 million in its fiscal first quarter, leading it to raise its…
Paramount Global (PARA) Q2 earnings report 2024
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global‘s earnings surged as the company’s streaming division swung to an unexpected profit — the first time Paramount has announced a profitable…
Siemens beats estimates as demand for electrification, software soars
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance |…
Warner Bros. Discovery (WBD) earnings Q2 2024
Kevin Mazur | Getty Images Entertainment | Getty Images Warner Bros. Discovery‘s stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue. Here is how Warner Bros. Discovery…
Novo Nordisk Q2 2024 results
Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty Images Novo…
Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported…
Saudi Aramco second-quarter profit dips amid lower production volumes
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil giant Aramco reported $29.1 billion in net…
Linde keeps streak of earnings beats, shows it can handle any economy
Linde on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio. Revenue in the second quarter totaled $8.27 billion, a bit shy of the $8.32 expected by…
Disney and Caterpillar slated to report this week
The second half of the earnings season is well under way, but a host of key companies remain set to report and give investors insight into what may be next for the stock market and the economy. More than 70…
These stocks reporting this week have strong earnings momentum on their side
Some of the companies reporting results in the upcoming week are more likely than others to see their stocks get an earnings-powered boost. Fifteen percent of the stocks in the S & P 500 — or 76 names in the…
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday…
Chevron (CVX) earnings Q2 2024
Chevron missed second-quarter earnings expectations, hurt by lower refining margins as the stock is already under pressure from delays to its pending acquisition of Hess Corporation. Chevron’s shares closed 2.67% lower Friday. The oil major also said Friday it is…
Tech stocks see steep three-week slump, led by Amazon, Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The…
Berkshire’s cash pile could top $200 billion as Buffett sells stock
Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett’s rare sale…
Nintendo profit plunges 55% as sales of its ageing Switch console fall
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo on Friday reported revenue and profit that plunged in the…
Intel (INTC) Q2 earnings report 2024
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 12% in extended…
Oil giant Shell beats second-quarter profit expectations
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining…
Meta Q2 earnings report 2024
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta shares jumped in extended trading on Wednesday after the…
HSBC H2 earnings
Aaron P | Bauer-Griffin | GC Images | Getty Images LONDON — Europe’s largest lender HSBC on Wednesday declared a share buyback program of up to $3 billion, as pretax profit for the first half of the year beat expectations…
Microsoft (MSFT) Q4 earnings report 2024
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024. Jason Redmond | Afp | Getty Images Microsoft shares fell 7% in extended trading on Tuesday as…
BP beats profit expectations after warning of weaker oil refining
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British oil giant BP on Tuesday reported stronger-than-expected net profit for the second…
Heineken shares fall 10% after first-half profit miss
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Heineken shares declined throughout the day on Monday after the brewing giant’s first-half profit growth came in…
Philips shares jump 10.5% as second-quarter sales grow despite China weakness
The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. Shares pared…
Honeywell drops on cuts to guidance. Here’s why it may provide an opportunity
Shares of Honeywell slid Thursday as strong second-quarter results are being overshadowed by a mixed update to management’s outlook for the remainder of the year. But we’re looking through the weakness on a belief that the industrial conglomerate is heading…
Southwest Airlines (LUV) earnings Q2 2024
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year. Southwest said unit…
Hyundai posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace…
Bristol Myers Squibb (BMY) earnings Q2 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised…
Dexcom shares plunge more than 40% after Q2 earnings
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early…
Dexcom (DXCM) Q2 earnings report
The Dexcom logo is seen on a smartphone screen and in the background. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Shares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing…
Dover (DOV) strong second-quarter earnings prove it belongs in Club portfolio
Dover on Thursday delivered better-than-expected second-quarter earnings and raised its full-year guidance — an all-around strong report that validates our decision to take a stake in the industrial name two months ago. Revenue in the three months ended June 30…
Jeep, Dodge-maker Stellantis reports 48% drop in first-half profit
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Auto giant Stellantis on Thursday reported a steep drop in first-half net profit,…
AMC warns of Q2 2024 earnings ‘weakness’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter,…
Deutsche Bank (DBK) Q2 earnings
Deutsche Bank offices in the City of London on 2nd July 2024 in London, United Kingdom. Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt. Mike Kemp | In Pictures | Getty Images…
Alphabet set to report Q2 earnings results after the bell
Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. Here’s what analysts are expecting: Earnings per share: $1.84, according to LSEG Revenue: $84.19 billion, according to LSEG Wall Street is also watching several other…
General Motors (GM) earnings Q2 2024
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report second-quarter results before the…
Shares fall on lower fares, fall in quarterly profit
A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in…
Nokia shares slide after posting weak quarterly net sales figure
BARCELONA, SPAIN – FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images) Xavi Torrent | Getty Images News | Getty Images…
Your guide to a busy week of earnings, including Alphabet and Tesla
Wall Street will get its first glimpse of Big Tech earnings this week. Google-parent Alphabet and Tesla are among the more than 100 S & P 500 companies slated to report. Results from Ford Motor, IBM and General Motors are…
Volvo Cars jumps 11% after reporting a record core operating profit
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars shares rose sharply on Thursday after the…
United (UAL) earnings Q2 2024
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of…
Why Abbott Labs stock is getting dinged after a strong earnings beat
Abbott Labs delivered a second-quarter earnings beat on Thursday, but the company’s ongoing litigation over its baby formula — plus softer guidance for the current quarter — is dragging down shares. We view the pullback as an opportunity. Revenue for…
American Express (AXP) Q2 earnings
A sign showing the American Express logo is seen outside of a restaurant in Des Plaines, Illinois. Justin Sullivan | Getty Images News | Getty Images Credit card giant American Express raised its full-year profit forecast on Friday, as its…
Netflix (NFLX) earnings Q2 2024
The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California. Mario Tama | Getty Images Netflix reported second-quarter earnings Thursday that showcased the media giant’s position at the head of the streaming race…
Netflix reports earnings after the bell. Here’s what Wall Street is watching
Netflix reports after the bell Thursday, ushering in the start of earnings season for Wall Street’s biggest media and technology giants. Analysts expect the streaming behemoth to post earnings of $4.74 per share on about $9.53 billion in revenue, according…
TSMC Q2 2024 earnings
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips…
Adidas shares rise after hiking 2024 guidance
A Samba shoe on Oct. 12, 2023, in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images Shares in Adidas were slightly higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected…
ASML earnings report Q2 2024
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023. Piroschka Van De Wouw | Reuters ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch…
We’re hiking our price target on Morgan Stanley despite a miss in a key business
Morgan Stanley on Tuesday reported second-quarter results that largely exceeded Wall Street expectations — though weakness in one key segment warrants closer monitoring even as the stock shook off earlier declines. Revenue for the three months ended June 30 increased…
Swatch sales, profits slump on weak China demand, hammering shares
Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023. Bloomberg | Bloomberg | Getty Images Swatch Group, the world’s biggest watchmaker, reported a steep drop in first-half sales and earnings on Monday as…
Burberry replaces CEO, suspends dividend; shares dive 16%
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged 16% on Monday after a disappointing fiscal first-quarter performance led it…
Goldman Sachs (GS) earnings 2Q 2024
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023. CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.34 per share, according to LSEG Revenue: $12.46 billion,…
Your guide to the first full week of the second-quarter reporting season
The earnings season kicks off in earnest this week, with some of the biggest U.S. banks slated to report. More than 40 S & P 500 names are on deck to post second-quarter results, including Goldman Sachs, Morgan Stanley and…
Wells Fargo WFC Q2 2024 earnings
Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations. Here’s what the bank did compared with Wall Street estimates, based on a survey of analysts by…
We are upgrading our rating on Wells Fargo as investors dump stock post-earnings
We don’t like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over.
Citigroup (C) earnings Q2 2024
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and…
Wells Fargo stock down 7% despite its quarterly earnings beat
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks advanced Friday as the S & P 500 rebounded from its worst trading…
JPMorgan Chase (JPM) earnings Q2 2024
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan…
Delta Air Lines (DAL) earnings Q2 2024
Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its projection fell short of analysts’ estimates as carriers discounted fares after expanding flights. In the current quarter, Delta expects sales…
Stocks making the biggest moves after hours: WDFC, COST
Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of…
TSMC second-quarter revenue jumps on AI boost
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images TSMC, the world’s…
BP expects up to $2 billion impairment in 2Q on weak refining margins
BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images BP shares dropped 4.3% on Tuesday after the firm flagged it expects to post…
Wells Fargo (WFC) earnings; CPI, PPI inflation data key in week ahead
Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs…
AI drives up earnings, shares pop
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Samsung Electronics jumped to…
Constellation delivers on beer, but wine weakness prompts downgrade
Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines…
H&M plunges 13% on doubts over full-year margin target, June sales outlook
Pedestrians cross the street in front of a H&M store in Hong Kong. Sopa Images | Lightrocket | Getty Images Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits…
Levi (LEVI) earnings Q2 2024
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street’s expectations at a time when…
Nike (NKE) earnings Q4 2024
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of Nike plunged on Thursday after the retailer cut its full-year guidance and said it expects…
Walgreens (WBA) earnings Q3 2024
Shares of Walgreens plunged more than 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment for pharmacies and U.S. consumers. The retail pharmacy…
Micron shares slide after revenue forecast fails to top estimates
Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on…
Southwest Airlines cuts revenue forecast
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines on Wednesday cut its second-quarter revenue forecast, citing changing booking patterns….
FedEx (FDX) earnings Q4 2024
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates…
Stocks making the biggest move premarket: SEDG, POOL, DIS
Here are the stocks making headlines before Wall Street’s opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible…
Prosus full-year core headline earnings jump 84%
In this photo illustration a Prosus logo is seen on a smartphone and a pc screen. Sopa Images | Lightrocket | Getty Images Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by…
Consumer spending, inflation, and housing are 3 things to watch in the market
Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were…
CarMax (KMX) Q1 earnings
Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky. Luke Sharrett | Bloomberg | Getty Images CarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle…
Darden Restaurants (DRI) Q4 2024 earnings
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for…
Fast food diners switch to casual chains, Darden CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While…
Adobe shares surge and head for sharpest rally since 2020
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after…
Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts’ estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. The…
Adobe (ADBE) Q2 earnings report 2024
Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance. Here’s…
This portfolio chip stock is the second-best AI play behind Nvidia
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks were mixed Thursday as traders weighed May’s producer price index data , which…
Blistering AI demand drives a beat and raise
Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split….
Oracle (ORCL) Q4 earnings report 2024
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations. Here’s how the company did in comparison…
Dick’s Sporting Goods (DKS) earnings Q1 2024
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on…
American Eagle (AEO) earnings Q1 2024
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over…
Foot Locker leaves our penalty box as CEO Mary Dillon’s revamp takes hold
Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon’s turnaround plan is starting to pay off. The sneaker retailer isn’t out of the woods just yet, but we’re removing the stock from our penalty…
GameStop (GME) Q1 earnings, plans to sell more stock
GameStop, the video game retailer currently riding another wave of trading enthusiasm spurred on by the meme trader “Roaring Kitty,” showed no signs of an operational turnaround in its dismal fiscal first-quarter results. The company on Friday posted net sales…
Best Buy surges on signs the AI-driven PC and smartphone refresh is starting
Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company’s fiscal 2025 first quarter fell 6.5% year…
Zara owner Inditex reports slowing quarterly sales growth
A shopper enters Spanish retail store Zara, a brand under the umbrella of multinational apparel conglomerate Inditex. Sopa Images | Lightrocket | Getty Images Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year,…
Lululemon (LULU) earnings Q1 2024
Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street’s earnings…
Dollar Tree (DLTR) earnings Q1 2024
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had…
Foot Locker (FL) earnings Q1 2024
Foot Locker’s turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount. The company also reaffirmed its fiscal…
Best Buy (BBY) Q1 2025 earnings
Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares of the retailer gained 13% Thursday. The retailer beat on earnings per share and stuck…
Digital bank Monzo posts first full year of profit after more than doubling revenue
A Monzo debit card being used at a payment terminal. Monzo Monzo, the British digital challenger bank, on Monday reported its first full year of profitability. The fintech startup said in annual financial results that its pre-tax profits totaled £15.4…
Analysts get more bullish on Costco as it helps consumers fight inflation
Wall Street saw much to like in Costco ‘s earnings report last Thursday, as customers flocked to the warehouse club’s stores and website. Costco’s earnings per share for its fiscal third quarter came in at $3.78, topping the $3.70 expected…
Salesforce (CRM) Q1 earnings report 2025
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted as much as 17% in extended trading on Wednesday…
Nordstrom (JWN) Q1 2024 earnings
A Citi Bike docking station outside the Nordstrom flagship store in New York on Feb. 21, 2024. Bing Guan | Bloomberg | Getty Images Nordstrom on Thursday fell short of Wall Street’s quarterly earnings expectations as its off-price chain Rack…
MongoDB (MDB) Q1 earnings report 2025
MongoDB CEO Dev Ittycheria. Scott Mlyn | CNBC MongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year….
Ulta Beauty (ULTA) earnings Q1 2024
Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 1.6% year over…
Gap (GPS) earnings Q1 2024
A Gap store in New York, US, on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings figures on May 30. Bloomberg | Bloomberg | Getty Images Gap posted positive comparable sales at all four of its brands…
Dell earnings Q1 2025
Michael Dell, Chairman and CEO of Dell Technologies, speaking at the Mobile World Congress 2024 in Barcelona, Spain, on Feb. 27, 2024. Joan Cros | Nurphoto | Getty Images Dell reported first-quarter earnings on Thursday that beat analysts’ estimates for…
Costco (COST) shares dip despite earnings beat. We see no cause for concern
Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality…
Kohl’s (KSS) earnings Q1 2024
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s shares plummeted more than 25% Thursday after the company posted a surprise loss per share, coming in well below Wall Street’s expectations…
We’re cutting our price target on Salesforce after disappointing guidance
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year…
Abercrombie & Fitch (ANF) earnings Q1 2024
Abercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that again exceeded expectations. The retailer’s sales jumped 22% compared with last year, while profits were nearly seven times higher and came in…
Ryanair posts record profit as passengers soar above pre-Covid level
Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs, but flagged a weaker pricing environment in the current quarter. The Dublin-based company said profit after tax in the full…
Jim Cramer on Apple iPhone data that shipments to China surged in April
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. The Nasdaq on Tuesday shot up past 17,000 for the first time ever — driven…
Trump Media (DJT) Q1 2024 earnings
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media & Technology Group,…
Lowe’s (LOW) Q1 2024 earnings
An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey…
Marshalls owner TJX jumps after earnings — what investors love about the report
TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. The report showcased the off-price retailer’s appeal to bargain-hunting shoppers and prompted us to boost our price target on the stock. Total revenue for…
Nvidia (NVDA) earnings report Q1 2025
Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the…
Wizz Air forecasts higher earnings, swings to annual profit after 3 years
An Airbus A321-231 from Wizz Air is taking off from Barcelona Airport in Barcelona, Spain, on Feb. 23, 2024. Nurphoto | Nurphoto | Getty Images European low-cost airline Wizz Air forecast a higher annual profit on Thursday on the back…
Eli Lilly big GLP-1 investment — plus, CRM, BBY, FL, COST earnings next week
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a “really…
Nike should watch out with Hoka running shoes doing so well
CNBC’s Jim Cramer sees footwear company Deckers Outdoor as a disruptive industry player that even big rivals like Nike should be worried about. “Nobody can touch them right now,” Cramer said Friday on “Squawk on the Street.” Deckers is the…
Workday cuts full-year subscription revenue forecast
A close-up of the Workday logo on its headquarters in Pleasanton, California. Smith Collection | Archive Photos | Getty Images Human resources software provider Workday cut its annual subscription revenue forecast on Thursday, citing concerns about lower customer headcount growth…
We maintain our buy on Ford shares after a bullish Street initiation
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks were mixed on Thursday. The Nasdaq hit a record high after Club holding…
E.l.f. Beauty (ELF) earnings Q4 2024
E.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer is expecting its growth to slow down in the current fiscal year. The eyes, lip, face company, known for its viral marketing and…
Nvidia crushes earnings expectations, charts continued AI dominance
In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Even better was a big revenue guide and a broader vision from CEO Jensen Huang that reinforced the notion…
Target (TGT) Q1 2024 earnings
A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target on Wednesday posted a year-over-year sales decline and missed Wall Street’s earnings estimates, as consumers fatigued from high prices bought…
Macy’s (M) Q1 2024 earnings
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their…
Trump Media stock falls after posting quarterly loss
Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first…
Palo Alto Networks tumbles on earnings again. It’s another chance to buy
Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night’s results, we’re looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company’s fiscal 2024…
Is there a pullback in consumer spending? Here’s what CEOs say
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on…
Costco is the stock to buy off of Walmart big quarterly beat
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500…
Canada Goose (GOOS) Q4 earnings report 2024
Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how…
Apple, Alphabet among the Club’s top 5 performers in strong week for stocks
The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P…
Nvidia, TJX, Palo Alto Networks report earnings next week
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. It was another bad news is good news week for Wall Street, with both weaker-than-expected reports pointing to further disinflation…
DuPont stock hits new high after upgrade — why we’re not buyers here
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were flat on Friday, a session after the Dow hit above the 40,000…
Richemont shares climb 6% on record full-year sales, new CEO
Shoppers line up to enter a Cartier store on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday…
Under Armour (UAA) earnings Q4 2024
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits…
Walmart (WMT) Q1 2025 earnings
Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The big-box retailer said it now expects to hit the high…
Cisco (CSCO) Q3 earnings report 2024
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third…
Palo Alto nears test that could break the stock out of the penalty box
Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company’s earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a…
Stocks making the biggest moves after hours: BOOT, NXT, DLO
Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the full year. Boot Barn said it expects earnings for the…
Alibaba (BABA) earnings Q4 2024
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing. Kuang Da | Visual China Group | Getty Images…
Emirates airline chalks record annual profit as travel demand booms
An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from…
SoftBank earnings Q4 and full year FY 2023
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg…
How Apple’s record $100 billion-plus stock buyback benefits shareholders
We always say we love companies that are serial repurchasers of their stocks. That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in returns and own larger and larger pieces of the companies….
Your guide to a key week of reports, including WMT
The earnings season is wrapping up, but there are still some key names set to report, which could provide insight into the health of the consumer. Just seven S & P 500 names are slated to post their quarterly figures,…
Jim Cramer say Costco has room to run higher despite a rich valuation
CNBC’s Jim Cramer likes Costco stock despite its high valuation and suggests it has more room to run. “I feel very comfortable” about Costco, Cramer said Thursday on ” Squawk on the Street ,” after the wholesale retailer reported a…
Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped Americans try to scrape by. That juxtaposition underscores the growing…
Sweetgreen shares soar 34% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue expectations for the fiscal first quarter and raised its full-year…
China’s SMIC warns of fierce chip competition as it misses profit estimates
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group |…
Warner Bros. Discovery (WBD) earnings Q1 2024
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top…
Stock down on sales guidance
The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Shares of British chip designer Arm fell about 5% on Thursday morning, as lackluster revenue guidance clouded a positive sales quarter driven by…
Airbnb (ABNB) Q1 2024 earnings
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but…
Uber (UBER) Q1 2024 earnings
Uber reported first-quarter results Wednesday that came in slightly above analysts’ estimates for revenue, but the ride-hailing company posted an unexpected net loss. Shares of Uber fell 5% in early trading Wednesday. Here’s how the company did: Loss per share:…
Reddit (RDDT) Q1 2024 earnings
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit shares rallied 14% in extended trading…
Disney streaming results improve as cable TV decays
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | Reuters For Disney, the future is now. It’s been five years in the making,…
Palantir (PLTR) earnings Q1 2024
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Alex Wong | Getty Images Palantir shares fell as much as 7% in…
Societe Generale’s investment bank limits first-quarter profit plunge
French bank Societe Generale reported second quarter results for 2023. Chesnot | Getty Images News | Getty Images French bank Societe Generale reported a smaller-than-expected 22% slide in first-quarter net income on Friday, as profits on equity derivative sales offset…
Coinbase (COIN) earnings Q1 2024
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The stock was…
Novo Nordisk earnings Q1 2024
The injectable weight loss medication Wegovy at New City Halstead Pharmacy in Chicago on April 24, 2024. Scott Olson | Getty Images Novo Nordisk, which became the most valuable company in Europe last year due to the blockbuster success of…
Tech stocks to buy like Apple and Spotify
There’s still plenty of room for upside in tech stocks, Morgan Stanley said earlier this week. The firm named a slew of companies it says are well positioned following their latest quarterly earnings reports. CNBC Pro combed through Morgan Stanley…
Berkshire Hathaway (BRK.A) earnings Q1 2024
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter,…
Here’s what’s driving Friday’s moves in Apple, Coterra and Eli Lilly
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks jumped Friday as Wall Street cheered a softer-than-expected jobs report — an encouraging…
Earnings jump as investment banking beats rivals
Lionel Bonaventure | AFP | GettyImages Credit Agricole, France’s second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. Net profit in the January to March…
We’re raising our price target on Apple after earnings beat and raise
Apple did it again: Despite all the worries about China, the consumer tech giant hit back with beats on the top and bottom lines, sending shares up 6% in after-hours trading. This is why we own it. This is why…
Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.” McCarthy, a former…
Qualcomm earnings report fiscal Q2 2024
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024. Steve Marcus | Reuters Qualcomm reported fiscal second-quarter earnings on Wednesday…
Yum Brands (YUM) Q1 2024 earnings
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Brandon Bell | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC struggled to attract customers. Shares of…
GE Healthcare’s (GEHC) disappointing earnings offer a lesson and an opportunity
GE Healthcare shares sank Tuesday after the company’s first-quarter sales and profits fell slightly short of the Wall Street consensus. The shortfall is disappointing, but the stock’s steep sell-off is an overreaction and creates an opportunity for investors. Total revenue…
Stellantis reports sharp fall in revenue as it shifts portfolio
Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Images Global automaker Stellantis on Tuesday reported a…
Samsung Electronics’ operating profit jumps 933% in first quarter, beats expectations
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this…
Microsoft (MSFT) Q3 earnings 2024
Microsoft shares rose as much as 5% in extended trading on Thursday after the software maker issued fiscal third-quarter results that outdid Wall Street’s expectations. Here’s how the company did in comparison with the consensus from LSEG: Earnings per share:…
GOOGL delivers the quarter we’ve been waiting for — with a dividend cherry on top
Alphabet on Thursday delivered a knockout first-quarter report, with sales, operating margin and profits all topping Wall Street expectations. The search giant also reloaded its stock buyback program and initiated a quarterly dividend for the first time in its history….
Your guide to a week that includes Apple and Amazon
It’s the busiest week of the earnings season, and it could have major consequences for the stock market. About 160 S & P 500 companies are slated to post their results, including Apple, Amazon and McDonald’s . Pfizer is also…
Chevron (CVX) Q1 earnings report 2024
Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas…
A350 plane production increase not tied to Boeing troubles
An Airbus employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on Feb. 29, 2024. Sebastien Salom-gomis | Afp | Getty Images Airbus is ramping up production of…
Microsoft shares jump 4% after the AI winner delivers in right places
Microsoft delivered picture-perfect earnings after the bell Thursday, calming the market’s brief fears about runaway spending on AI infrastructure without the cloud revenues to show for it. Revenue increased about 17% year over year, to $61.86 billion, beating the Street…