Today: September 20, 2024
Today: September 20, 2024

Earnings

Business

Payments fintech Block extends gains after strong earnings forecast

Shares of Jack Dorsey-led Block jumped 15% before the bell on Friday, extending gains from the previous session, as cost cuts helped the payments firm forecast first-quarter core earnings

Payments fintech Block extends gains after strong earnings forecast
Business

Carvana shares ride higher after first annual profit

Shares of Carvana surged 30% before the bell on Friday after the used-car retailer posted its first-ever annual profit, in a sharp turnaround powered by the company's deal with bondholders

Carvana shares ride higher after first annual profit
Business

Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023

Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on

Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023
Business

Domino's Pizza beats quarterly sales estimates as demand bounces back

Domino's Pizza surpassed Wall Street expectations for quarterly same-store sales on Monday, as a revamp of its loyalty program and its delivery partnership with Uber Eats boosted appetite

Domino's Pizza beats quarterly sales estimates as demand bounces back
Business

American Electric Power reports earnings miss, names interim CEO

Utility firm American Electric Power on Monday reported fourth-quarter earnings that missed analysts' expectations and named board member Benjamin Fowke as interim chief executive officer,

American Electric Power reports earnings miss, names interim CEO
Business

Lowe's forecasts 2024 sales, profit below estimates

Lowe's Cos forecast annual sales and profit below Wall Street estimates on Tuesday, in signs that a recovery would take longer than expected as consumer spending on home-improvement

Lowe's forecasts 2024 sales, profit below estimates
Business

AutoZone's second-quarter profit beat estimates amid DIY trend

Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on

AutoZone's second-quarter profit beat estimates amid DIY trend
Business

Devon Energy posts lower quarterly profit

U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices.

Devon Energy posts lower quarterly profit
Business

Bumble forecasts first-quarter revenue below estimates

Bumble forecast first-quarter revenue below Wall Street estimates on Tuesday, anticipating stiff competition from Tinder-parent Match Group amid slowing user spend on dating apps in an

Bumble forecasts first-quarter revenue below estimates
Business

Taser maker Axon forecasts full-year revenue above estimates

Taser maker Axon Enterprise on Tuesday forecast full-year revenue ahead of Wall Street estimates, banking on strong demand for its software products and recently launched Taser 10.

Taser maker Axon forecasts full-year revenue above estimates
Business

Toyota's global output rises by 7% in January

Japan's Toyota Motor said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from

Toyota's global output rises by 7% in January
Business

Royal Bank of Canada's Q1 profit falls on bigger rainy-day funds

Royal Bank of Canada reported a lower first-quarter profit on Wednesday, hurt by bigger provisions for loans that can sour in a tough economy.

Royal Bank of Canada's Q1 profit falls on bigger rainy-day funds
Business

TJ Maxx parent beats quarterly sales estimates

TJ Maxx parent TJX Cos topped market expectations for fourth-quarter sales on Wednesday as shoppers flocked to the off-price retailer's stores in search of holiday deals.

TJ Maxx parent beats quarterly sales estimates
Business

Snowflake forecasts weak first-quarter revenue, shares fall

Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday, on expectation that customers would cut back on spending in an uncertain economy, sending its

Snowflake forecasts weak first-quarter revenue, shares fall
Business

Canada's TD Bank posts lower quarterly profit on higher loan loss provisions

TD Bank Group reported a fall in first-quarter profit on Thursday as the Canadian lender set aside more funds to cover for souring loans.

Canada's TD Bank posts lower quarterly profit on higher loan loss provisions
Business

Best Buy Q4 comparable sales fall less than expected

Best Buy on Thursday posted a smaller-than-expected drop in quarterly comparable sales, as holiday deals prompted shoppers to open their wallets for big-ticket purchases like electronics

Best Buy Q4 comparable sales fall less than expected
Business|Economy

Best Buy reports lower 4Q sales and profits as shoppers remain cautious

Best Buy reported lower fourth-quarter sales and net income as shoppers remain cautious about spending on gadgets

Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Business

Bath & Body Works projects downbeat FY sales, profit on slowing demand

Bath & Body Works forecast annual sales and profit below analysts' expectations on Thursday as consumers scaled back spending on non-essential items like candles and fragrances, sending

Bath & Body Works projects downbeat FY sales, profit on slowing demand
Business|News|World

Beer maker Anheuser-Busch InBev reports better-than-expected Q4 earnings despite Bud Light backlash

Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand for Bud Light

Beer maker Anheuser-Busch InBev reports better-than-expected Q4 earnings despite Bud Light backlash
Business

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand

Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as businesses scale down spending on the server maker's technology solutions.

Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
Business

SoundHound AI shares fall as disappointing results temper rally

Shares of SoundHound AI Inc slumped as much as 25% on Friday after the AI voice provider posted a downbeat quarter, taking some shine off a bumper rally last month fueled by surging

SoundHound AI shares fall as disappointing results temper rally
Business

Target's earnings surge despite holiday sales dip, sees sales recovery in 2024

Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would

Target's earnings surge despite holiday sales dip, sees sales recovery in 2024
Business|Economy

Target posts hefty fourth quarter profit but sales suggest Americans remain cautious on spending

Target on Tuesday reported a 58% increase in fourth-quarter profits that handily beat Wall Street expectations as the discounter held down costs and kept inventory lean

Target posts hefty fourth quarter profit but sales suggest Americans remain cautious on spending
Business

Foot Locker shares plummet as planned investments weigh on profit outlook

Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business

Foot Locker shares plummet as planned investments weigh on profit outlook
Business

BofA expects investment banking revenue to climb 10% to 15% in 1Q

Bank of America expects its investment banking revenue to rise by 10% to 15% in the first quarter from a year earlier, while its net interest income could come in

BofA expects investment banking revenue to climb 10% to 15% in 1Q

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