Breaking News: Earnings
Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects
Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills. The home improvement retailer said cold weather and falling lumber prices also hurt fiscal first-quarter sales. Its last quarterly […]
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Disney is set to report earnings after the bell — here’s what to expect
Writers walk the picket line on the second day of the television and movie writers’ strike outside Disney Studios in Burbank, California on May 3, 2023. Robyn Beck | AFP | Getty Images A writers strike, a feud in Florida and ongoing company-wide layoffs — there is a lot more than quarterly earnings for CEO […]
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Twilio inventory falls on weaker-than-anticipated revenue forecast
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Twilio shares fell as significantly as 14% in prolonged investing on Tuesday after the developer of communications program issued a forecast for the next quarter that trailed analysts’ estimates. This is how the company did: Earnings: 47 cents per share, modified, vs. 21 cents per share as […]
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Novavax shares rise after company unveils positive vaccine data, plan to cut 25% of workforce
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Shares of Novavax rose 5% in premarket trading Tuesday after the company unveiled promising new vaccine data and a […]
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Lucid posts widening losses as demand concerns linger, says it has enough cash to last into 2024
In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan | Getty Images Luxury electric vehicle maker Lucid Group on […]
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Berkshire Hathaway’s operating earnings raise 12% in the to start with quarter, dollars hoard tops $130 billion
In this article BRK.A Adhere to your preferred stocksDevelop Free ACCOUNT Warren Buffett at Berkshire Hathaway’s once-a-year meeting in Los Angeles, California. Might 1, 2021. Gerard Miller | CNBC Earnings for Warren Buffett’s Berkshire Hathaway jumped in the first quarter, thanks in component to a rebound in the conglomerate’s insurance policies enterprise. Operating earnings, which […]
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Apple established to report quarterly earnings after the bell
Main Government Officer (CEO) of Apple Tim Cook dinner waves to people throughout the opening of the to start with Apple Inc. flagship keep in Mumbai, India on April 18, 2023. Imtiyaz Shaikh | Anadolu Agency | Getty Images Apple is scheduled to report fiscal 2nd-quarter benefits just after the close of standard trading on […]
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Peloton reports wider-than-expected loss, but points to progress in its turnaround
Peloton on Thursday reported a wider-than-expected loss in the fiscal third quarter, but pointed to signs of progress with its turnaround plan. Shares of the company dropped more than 2% in pre-market trading. The connected fitness company reported connected fitness subscription growth and a reduction of free cash flow losses. Here’s how the connected fitness […]
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Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Moderna on Thursday blew past estimates for first-quarter earnings and revenue, posting a surprise quarterly profit, despite lower demand for Covid vaccines, its only marketable product. The biotech company generated first-quarter sales of $1.9 billion, […]
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Yum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Cars wait in a line at a KFC (Kentucky Fried Chicken) drive-thru in Bloomsburg. Paul Weaver | LightRocket | Getty Images Yum Brands on Wednesday reported quarterly earnings that fell short of analysts’ expectations, despite a China sales rebound for KFC and Pizza Hut. Yum joins the growing list of companies that includes Procter & Gamble and […]
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