Earnings
CVS says it plans to get into primary care by year end
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS said Wednesday that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens. CEO Karen Lynch said on […]
Read More
Under Armour cuts profit outlook for the full year as promotions eat into margins
American multinational clothing brand Under Armour store seen in Hong Kong. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Under Armour on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year […]
Read More
Yum Brands reports mixed results, stronger sales for Taco Bell
A woman walks past a Taco Bell Cantina on July 30, 2020 in New York City. Alexi Rosenfeld | Getty Images Yum Brands on Wednesday reported mixed quarterly results, but said Taco Bell had stronger sales. Shares of the company rose nearly 2% in premarket trading. Here’s what the company reported compared with what Wall […]
Read More
CVS Health raises full-year forecast after beating second-quarter expectations
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health on Wednesday lifted its earnings outlook for the year, after beating Wall Street’s expectations for the fiscal second quarter. The health-care company said it now expects adjusted earnings per share for the full year […]
Read More
Alibaba could see first revenue decline on record but analysts expect sales recovery later this year
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba’s revenue could decline for the first time on […]
Read More
Robinhood cutting about 23% of jobs, releases second-quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the fintech company will reduce its headcount by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.” Robinhood […]
Read More
Airbnb stock slumps despite record-breaking bookings
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to be a strong report, […]
Read More
Match shares plunge more than 20% after online dating company misses on revenue and forecast
The Covid-19 pandemic resulted in an increase in people looking for love on dating platforms such as Match Group’s Tinder app. Beata Zawrzel | NurPhoto | Getty Images Match Group shares tumbled 22% in extended trading on Tuesday after the dating site reported second-quarter revenue that missed analyst expectations and issued weaker-than-expected guidance. Here’s how […]
Read More
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
Read More
Starbucks beats earnings and revenue estimates, despite lockdowns in China
An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China weighing on its performance. Shares of the company rose more […]
Read More