Breaking News: Earnings
JPMorgan Chase is set to report 2nd-quarter earnings — here’s what the Avenue expects
Important Factors JPMorgan Chase will report next-quarter earnings right before the bell Friday. Wall Avenue expects the financial institution to put up per share earnings of $4 on revenue of $38.96 billion. JPMorgan has been a standout recently on various fronts. Source
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PepsiCo beats earnings estimates, raises full-year outlook
Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023. David Paul Morris | Bloomberg | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations and raised its full-year outlook. Shares of the company rose more than 2% in premarket trading. Here’s what the company reported compared […]
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Levi Strauss shares drop after retailer slashes guidance on weak wholesale revenue
Levi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales in the U.S., its largest market. The blue jean seller saw bright spots, however, in its direct-to-consumer sales and China market. Shares dropped more than 6% in extended […]
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Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demand
People make their way near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Walgreens on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand […]
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Oracle beats on top and bottom traces as cloud earnings jumps
Larry Ellison, Oracle’s chairman and know-how main, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Visuals Oracle shares climbed as significantly as 5% in extended investing on Monday soon after the application seller declared fiscal fourth-quarter final results and quarterly income advice that exceeded Wall Street’s […]
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Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading. Here’s how the retailer did in its fiscal first quarter compared with what Wall Street was […]
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Dollar General stock drops as ‘challenging’ economic backdrop drives dismal earnings report
A shopper at a Dollar General store Daniel Acker | Bloomberg | Getty Images Dollar General’s core customers are reining in their spending amid a worse than expected macroeconomic backdrop, leading the discounter to slash its full year outlook after a dismal earnings report Thursday. Shares of Dollar General plunged about 16% in morning trading […]
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Macy’s slashes its full-year outlook even as earnings beat
Macy’s shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March. The company’s stock dropped as much as 10% in premarket trading even as it beat first-quarter earnings expectations. related investing news The department store operator said it now expects sales of $22.8 billion […]
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Chewy shares surge after earnings beat on top and bottom lines
A dog sits in front of the New York Stock Exchange during Chewy Inc.’s initial public offering, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that beat Wall Street’s estimates. Here’s how the digital retailer did […]
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Nordstrom tops Wall Street’s first-quarter sales expectations, even as shoppers spend less
Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas. Brandon Bell | Getty Images Nordstrom‘s fiscal first-quarter sales topped Wall Street’s expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The higher-end department store also reiterated its outlook for the […]
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