Earnings
Macy’s ends delivery expense investigation, saying employee hid $151 million
A Macy’s store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years […]
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Stocks making the biggest moves after hours: General Motors, Dave & Buster’s, GE Vernova and more
Check out the companies making headlines in extended trading: General Motors — Shares of the automotive giant popped nearly 3%. General Motors said it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave […]
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Oracle shares head for worst day of 2024 after earnings miss
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped 8% on Tuesday and headed for their steepest drop in a year following the database software vendor’s disappointing earnings […]
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Stocks making the biggest moves premarket: Oracle, Alaska Air, MongoDB, HealthEquity and more
Check out the companies making headlines before the bell. Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying […]
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Oracle shares slide on earnings and revenue miss
Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates. Here […]
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Stocks making the biggest moves midday: Lululemon, Hewlett Packard Enterprise, Rubrik, AMC Entertainment and more
Check out the companies making headlines in midday trading: Lululemon — The athleisure retailer soared more than 18% after topping Wall Street’s estimates for the fiscal third quarter and issuing in-line guidance for the holiday season. Petco — Shares jumped more than 16.7% after the pet retailer reported a smaller-than-expected loss for the third quarter. […]
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Lululemon stock jumps as international growth helps to offset slowing U.S. sales
Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Here’s how […]
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Ulta Beauty beats Wall Street’s earnings expectations, despite fears of slowing demand
Beauty products on the shelves at Ulta on State Street in Chicago on Feb. 4, 2015. Brian Cassella | Tribune News Service | Getty Images Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. The retailer hiked its full-year outlook slightly […]
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Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said fourth-quarter unit revenue will likely rise between 5.5% and […]
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Shares of American Eagle plunge 13% as company issues weak holiday guidance
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend during key shopping moments. The apparel retailer narrowly missed Wall […]
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