Earnings
Macy’s cuts profit outlook as tariffs, promotions hit its business
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however. For fiscal 2025, Macy’s […]
Read More
European stocks set for mixed open as U.S. trade policy, economic data remain in focus
German import prices unexpectedly contract in April A container ship at the Port of Hamburg in Germany. Maria Feck/Bloomberg via Getty Images German import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday. Analysts had been expecting an annual rise of 0.2%, according to LSEG data. […]
Read More
All eyes on China restrictions as Nvidia gets set to report results
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia continues to see massive growth from sales of graphics processors, with demand for artificial intelligence infrastructure showing no signs of cooling. But for the AI chipmaker, the mood […]
Read More
UK food inflation is on the rise, European consumer data to follow
U.K. food inflation jumps for fourth month in a row Food inflation in the U.K. rose by 2.8% year-on-year in May, according to the British Retail Consortium, marking the fourth consecutive month of price rises. The figure was up from 2.6% year-on-year growth in April, and above the three-month average of 2.6%. Helen Dickinson, […]
Read More
European stock markets set to open higher as investors await more clues on the shape of UK economy
European shares are poised to move slightly higher at the open on Friday. Source
Read More
Intuit tops Wall Street estimates after tax season, issues strong guidance
Tiffany Hagler-Geard | Bloomberg | Getty Images Intuit on Thursday reported quarterly results that beat analysts’ estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading. Here’s how the company did compared to analysts’ estimates compiled by LSEG: Earnings per share: $11.65 adjusted vs. $10.91 expected Revenue: $7.8 billion vs. […]
Read More
Snowflake shares soar to highest level in over a year as revenue tops $1 billion for first time
Snowflake Inc. signage on the floor of the New York Stock Exchange in New York, US, on Jan. 2, 2025. Michael Nagle | Bloomberg | Getty Images Snowflake shares jumped 12% on Thursday, climbing to their highest level since early last year after the data analytics company reported better-than-expected quarterly results. Revenue in the fiscal […]
Read More
Travel demand looks good for the summer, but supply is relatively constrained, says EasyJet CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Europe Easyjet CEO Kenton Jarvis discusses the firm’s first-half results and explains why airlines across the sector are facing supply chain issues. 05:02 10 minutes ago Source
Read More
Stocks making the biggest moves after hours: Lumen Technologies, Snowflake, Zoom Communications and more
Check out the companies making headlines after the bell : Zoom Communications — The video conferencing company saw shares rising about 1% in extended trading after the firm shared its annual revenue forecast. The company now sees fiscal 2026 revenue between $4.80 billion and $4.81 billion, compared to analyst expectation of $4.79 billion, according to […]
Read More
Canada Goose shares soar 20% as company beats estimates, pulls full-year guidance
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a realistic path to profitability in the country, The Canadian Press reports. Photographer: […]
Read More