Breaking News: Earnings
Cisco stock plunges 17% as company forecasts surprising revenue decline
Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected […]
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Target shares sink 25% after company says high costs, inventory woes hit profits
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 25% in early trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with […]
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Lowe’s sales decline as cool spring weather weighs on demand for outdoor products
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday missed Wall Street’s sales expectations for the first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects. Shares were […]
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Walmart reports big earnings miss as higher costs, supply chain eat into profits
Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down about 7% in premarket trading. The company raised its outlook for sales this year, saying it expects net sales to increase […]
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Home Depot raises full-year outlook after earnings beat, record first-quarter sales
Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record. Shares of the company rose 4% in premarket trading. Here’s what Home Depot reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $4.09 […]
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Beyond Meat shares tumble after jerky launch leads to wider-than-expected loss
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of […]
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Disney shares rise after company beats estimates on streaming subscribers
In this photo illustration a close-up of a hand holding a TV remote control seen displayed in front of the Disney+ logo. Thiago Prudencio | SOPA Images | LightRocket | Getty Images Disney reported earnings after the bell. Here are the results. Earnings per share: $1.08 adj. Revenue: $19.25 billion Disney+ total subscriptions: 137.7 million […]
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Roblox shares sink on disappointing revenue and wider-than-expected loss
David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’ estimates. Here’s how the […]
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Coinbase revenue drops 27% from a year ago, stock slides
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. […]
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Peloton reports big loss, offers weak guidance and taps banks for cash buffer
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company’s cash. The connected […]
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