Earnings
Salesforce turns in strong results and optimistic forecast
Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company […]
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E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company […]
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Nvidia reports first-quarter earnings after the bell
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. Here’s what Wall Street is expecting, per LSEG: Earnings per share: 93 cents, adjusted Revenue: $43.31 billion Wall Street […]
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Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming
A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings […]
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Abercrombie & Fitch soars 25% even as retailer slashes profit outlook due to tariffs
A Abercrombie & Fitch store is seen on April 09, 2025 in New York City. Michael M. Santiago | Getty Images Shares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million. The company is now expecting […]
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Macy’s cuts profit outlook as tariffs, promotions hit its business
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however. For fiscal 2025, Macy’s […]
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European stocks set for mixed open as U.S. trade policy, economic data remain in focus
German import prices unexpectedly contract in April A container ship at the Port of Hamburg in Germany. Maria Feck/Bloomberg via Getty Images German import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday. Analysts had been expecting an annual rise of 0.2%, according to LSEG data. […]
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All eyes on China restrictions as Nvidia gets set to report results
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia continues to see massive growth from sales of graphics processors, with demand for artificial intelligence infrastructure showing no signs of cooling. But for the AI chipmaker, the mood […]
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UK food inflation is on the rise, European consumer data to follow
U.K. food inflation jumps for fourth month in a row Food inflation in the U.K. rose by 2.8% year-on-year in May, according to the British Retail Consortium, marking the fourth consecutive month of price rises. The figure was up from 2.6% year-on-year growth in April, and above the three-month average of 2.6%. Helen Dickinson, […]
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European stock markets set to open higher as investors await more clues on the shape of UK economy
European shares are poised to move slightly higher at the open on Friday. Source
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