Earnings
Earnings playbook: Retail takes center stage with Walmart and Target set to report
We’re at the tail-end of the earnings season, but there are some major retailers still left to report this week. Walmart , Home Depot and Target are among the companies slated to post quarterly results. The reports will give investors a look at the state of the U.S. consumer. Overall, it’s been a strong earnings […]
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Applied Materials sinks 13% on weak guidance due to China demand
Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During […]
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Danish jewelry giant Pandora plunges 13% after second-quarter earnings
Carlsberg CEO notes changing beer habits amid cost pressures Green bottles of Carlsberg beer move along the production line at the Baltika Breweries LLC plant, operated by Carlsberg A/S, in Saint Petersburg, Russia. Bloomberg | Bloomberg | Getty Images Spending pressures are dividing beer drinking habits, further clouding the outlook for brewers already battling declining […]
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New HK retail and travel behavior is impacting rail and shopping malls: MTR CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jacob Kam, CEO of MTR discusses the rail operator’s post-earnings outlook, saying it expects a gradual improvement in patronage as Hong Kong attracts more sports and entertainment events. Source
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Tapestry shares plunge 15% as Coach parent says tariffs will bite into profits
People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The handbag, shoe and accessory maker said costs from higher duties will total $160 million […]
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AI demand boosts iPhone maker Foxconn’s second-quarter profit by 27%, beating forecasts
Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, as it leans into […]
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Cisco reports narrow earnings beat, issues inline forecast for the year
Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025. Al Drago | Bloomberg | Getty Images CIsco reported results on Wednesday that narrowly exceeded analysts’ expectations and issued quarterly guidance that was also better than expected. The stock slipped in extended trading. Here’s how the company […]
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Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown
Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times […]
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CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration
CoreWeave‘s stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave’s results came as the lock-up […]
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Chinese tech giant Tencent’s quarterly revenue jumps 15% on AI investments, gaming unit boost
The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in […]
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