Earnings
SAP revenue growth beats estimates, flags hit from Russia exit
German business software group SAP reported on Friday a first-quarter revenue growth of 11%, beating estimates on a boost from its cloud business, but flagged a revenue hit of 300 million euros ($325.26 million) because of its exit from Russia. Earlier this week, the company said it plans to exit Russia completely in response to […]
Read More
Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week. Gap Chief Executive Sonia Syngal will work closely with the […]
Read More
Stocks making the biggest moves after hours: Snap, Gap and more
People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap — Shares of the social media platform jumped more than 6% in volatile after-hours trading after the company’s first-quarter earnings […]
Read More
Snap stock falls after ‘challenging’ quarter that missed sales and profit estimates
CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results […]
Read More
These companies set to report next week typically beat earnings estimates and trade higher
Not all companies will beat earnings, but some names have a better track record of topping expectations and trading higher as a result. Source
Read More
Lululemon is shooting for the moon, but Wall Street isn’t convinced it can get there
A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon is setting lofty goals for growth in the next five years and laying out for analysts exactly how it plans to get there. But not everyone on Wall Street is sold. Lululemon shares shed 4.8% on Wednesday after the leggings maker announced […]
Read More
Stocks making the biggest moves midday: United Airlines, AT&T, Tesla and more
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading Thursday. United Airlines – Shares of the airline surged 10.5% after […]
Read More
JPMorgan strategist says tough earnings outlook could pressure stocks later this year
Corporate sentiment has been weakening after peaking in late 2021, JPMorgan said. Source
Read More
HBO grows to nearly 77 million total subscribers as Netflix reports a decline
HBO and HBO Max had 76.8 million subscribers at the end of the first quarter of 2022, former parent company AT&T reported Thursday. That marks a 3 million subscriber increase from the previous quarter and a 12.8 million year-over-year increase. Domestic average revenue per user (ARPU) reached $11.24, up from $11.15 last quarter. The news […]
Read More
American Airlines earnings beat estimates, forecasts second-quarter profit
CNBC’s Phil LeBeau joins ‘Squawk Box’ to break down American Airlines’ first-quarter earnings report. Source
Read More