Breaking News: Earnings
Comcast expands partnership with Olympics, extends media rights through 2036
Snoop Dogg attends the Artistic Gymnastics Women’s Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024. Arturo Holmes | Getty Images Sport | Getty Images Comcast and the International Olympic Committee have agreed on a new deal that expands the company’s broadcast reach and extends […]
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Adobe shares drop 13% as concerns about AI growth overshadow better-than-expected results
Shantanu Narayen, Chairman and CEO of Adobe Systems addresses the gathering on the first day of the three-day B20 Summit in New Delhi on August 25, 2023. Sajjad Hussain | AFP | Getty Images Adobe shares dropped 13% following the company’s quarterly earnings report, as investors fretted over lingering growth concerns and the software maker’s […]
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Dollar General store review and closures dent fourth-quarter earnings
A Dollar General store in Germantown, New York, on Nov. 30, 2023. Angus Mordant/Bloomberg via Getty Images Dollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain’s profit. As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores […]
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American Eagle says consumer is slowing down, issues weak guidance
American clothing and accessories retailer American Eagle store seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images American Eagle warned investors on Wednesday that consumers are pulling back on spending and it’s seen a “slower start” to the year than it expected. “Entering 2025, the first quarter is off to a slower start […]
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Kohl’s shares plunge 15% as retailer gives rough outlook for the year ahead
Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in early trading on Tuesday. For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates […]
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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to […]
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HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023. Brendan McDermid | Reuters Hewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year […]
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Costco reports mixed second-quarter earnings
Customers shop at a Costco Wholesale store on January 31, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based […]
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Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than […]
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Macy’s turnaround starts to take shape, but ailing stores weigh on quarterly results
Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private. Across the business, which includes the Macy’s banner, Bloomingdale’s and Blue Mercury, comparable sales during the all-important […]
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