Breaking News: Earnings
Nvidia established to report earnings immediately after the bell
Nvidia Co-Founder and CEO Jensen Huang comes at a Senate bipartisan Artificial Intelligence Perception Discussion board in Washington on Sept. 13, 2023. Sarah Silbiger | Bloomberg | Getty Images Analysts are looking for Nvidia to supply on the optimistic forecast it issued in August to grow profits by practically 173% year more than year in […]
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Best Buy cuts sales forecast, as holiday shoppers hunt for deals
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers. The consumer electronics retailer beat Wall Street’s quarterly earnings expectations, but fell short […]
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Abercrombie & Fitch raises outlook after quarterly sales surge 20%
Abercrombie & Fitch. Courtesy: Abercrombie & Fitch Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced back after years of stagnation, also raised its outlook again […]
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Shares of American Eagle plummet on unimpressive holiday forecast
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | Lightrocket | Getty Images Shares of American Eagle plummeted 15% in premarket trading Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter, American Eagle expects […]
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Dick’s Sporting Goods shares jump after retailer hikes outlook as it bounces back from theft woes
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Shrink who? Sales and profit at Dick’s Sporting Goods bounced back in the fiscal third quarter, leading the retailer to raise its full-year guidance Tuesday after it shocked investors earlier this year when […]
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Lowe’s cuts sales outlook as homeowners take on fewer projects; shares slide
An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty Images Lowe’s on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself projects and caused its fiscal third-quarter sales to tumble nearly 13% year over year. […]
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Gap shares soar on sales, earnings beat despite muted holiday forecast against uncertain backdrop
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which also runs Old […]
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Macy’s profit beats as inventory and margins improve
Macy’s Herald Square store in New York is shown on Aug. 21, 2023. View Press | Corbis News | Getty Images Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales. Here’s what the retailer reported for the fiscal third quarter compared with what […]
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Walmart will report earnings before the bell. Here’s what to expect
Walmart store with gardening products for sale in Atchison, Kansas. Ucg | Universal Images Group | Getty Images Walmart will report quarterly earnings Thursday as the discounter generally outperforms its rivals. Here’s what Wall Street expects from the retailer, according to consensus estimates from LSEG, formerly known as Refinitiv: Earnings per share: $1.52 expected Revenue: […]
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Cisco inventory plunges on light advice after item purchase slowdown
Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBC Cisco shares have been down as considerably as 13% in prolonged buying and selling on Wednesday after the networking hardware maker issued a glum forecast for the present-day quarter and […]
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