Breaking News: Earnings
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup reported fourth-quarter earnings before the opening bell Friday. Here’s what […]
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Bank of The united states shares drop just after business reviews reduced fourth-quarter earnings, strike by regulatory cost
Lender of The united states shares fell about 2% in premarketing trading on Friday immediately after the company described declining fourth-quarter earnings amid hefty one-time expenses. Here’s what the corporation documented in contrast with Wall Avenue expectations: Altered earnings per share: 70 cents vs. 68 cents per share expected, in accordance to LSEG, formerly regarded […]
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JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase said Friday that fourth quarter profit declined after paying a $2.9 billion […]
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Nike unveils plan to cut $2 billion in costs over three years
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years. The sneaker giant plans to simplify its product assortment, increase automation and its use […]
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Adobe shares slide on weaker-than-predicted forecast for 2024
Shantanu Narayen, CEO, Adobe Linda Dimyan | CNBC Adobe shares dropped extra than 6% in prolonged buying and selling on Wednesday soon after the software program maker posted a lighter-than-predicted forecast for 2024. Here’s how the business did, compared with consensus estimates from LSEG, previously regarded as Refinitiv: Earnings: $4.27 per share, modified, vs. $4.14 […]
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Oracle shares slide as income misses estimates
Larry Ellison, co-founder and government chairman of Oracle Corp., speaks throughout the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Photographs Oracle shares dropped extra than 9% in extended buying and selling Monday right after the software package organization described fiscal next-quarter income that fell shorter […]
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Lululemon shares fall as retailer gives tepid holiday outlook
Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer’s shares fell in extended trading after it gave a tepid fourth-quarter outlook. During the quarter, […]
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Ulta Beauty shares pop as sales climb 6%
Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they’re willing to spend on fragrances, skin care and more even when the budget is tight. The specialty beauty retailer raised the bottom end of its range for full-year sales and earnings expectations. […]
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Salesforce shares leap on improved-than-envisioned earnings report
Marc Benioff, CEO of Salesforce, participates in a discussion on AI and the Upcoming at the Asia-Pacific Financial Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty Illustrations or photos Salesforce shares rose 7% in extended trading on Wednesday right after the cloud software seller reported […]
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Foot Locker shares rise as retailer posts earnings beat, gives more upbeat sales outlook
A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023. Bing Guan | Bloomberg | Getty Images Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend. The sneaker and sportswear retailer […]
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