Earnings
Micron shares plunge on weak second-quarter guidance
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | Reuters Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat […]
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Stocks making the biggest moves midday: Nvidia, Ollie’s Bargain Outlet, Birkenstock, Disney and more
Check out the companies making headlines in midday trading. Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a […]
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Stocks making the biggest moves premarket: General Mills, Nvidia, Jabil and more
Check out the companies making headlines before the bell. General Mills — The maker of consumer food products such as Cheerios and Cocoa Puffs sank 5% after trimming its outlook for 2025. General Mills said it now expects adjusted earnings per share to fall between 3% and 1%. The company previously expected that figure to […]
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Top Wall Street analysts believe in the long-term prospects of these stocks
Pavlo Gonchar | Lightrocket | Getty Images Amid concerns over elevated valuations in the U.S. stock market, there are several stocks that continue to look attractive based on the future growth potential they promise. To pick such stocks, investors can track the recommendations of Wall Street experts, who perform in-depth analysis to offer useful insights […]
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Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to […]
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Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move […]
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Broadcom beats on profit, says AI revenue more than tripled this year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker’s stock ticked higher in extended trading. Here’s how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: Earnings per share: $1.42, adjusted vs. $1.38 […]
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Costco beats on earnings as membership fee hike boosts revenue
A Costco Wholesale store in Connecticut. Lindsey Nicholsonp | Getty Images Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as it got a boost in part from higher membership fees. Here is how the warehouse club did for the fiscal first quarter compared to what Wall Street expected, according to a survey […]
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Adobe shares plunge 13% on disappointing revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued disappointing revenue guidance. Sales in the fiscal first quarter […]
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Stocks making the biggest moves after hours: Adobe, Chewy, Oxford Industries and more
Check out the companies making headlines in extended trading. Adobe — The software company fell 8% after issuing lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenues between $5.63 billion and $5.68 billion in the period, lower than the consensus estimate of $5.73 billion, according to LSEG. Meanwhile, the company’s adjusted earnings […]
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