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

Earnings

Business|Economy

Target issues weak forecast as shoppers pull back; shares tumble

U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also

Target issues weak forecast as shoppers pull back; shares tumble
Business|Technology

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

Nvidia overshot Wall Street estimates as its quarterly profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence
Business|Economy

Elf Beauty projects annual sales, profit below estimates despite upbeat Q4

Elf Beauty projected annual sales and profit below Wall Street expectations on Wednesday, in a sign that sticky inflation has left little room for Americans to spend on

Elf Beauty projects annual sales, profit below estimates despite upbeat Q4
Business|Economy

Ahold Delhaize bets on AI and digital to boost earnings and savings

Supermarket group Ahold Delhaize expects to grow underlying earnings and boost savings over the 2025-2028 period, it said on Thursday, helped by higher

Ahold Delhaize bets on AI and digital to boost earnings and savings
Business|Economy

Ralph Lauren sees annual revenue below estimates, names insider as CFO

Ralph Lauren on Thursday forecast annual revenue growth below market expectations despite beating quarterly results, as it grapples with subdued demand in the United

Ralph Lauren sees annual revenue below estimates, names insider as CFO
Business|Economy|Technology

Nvidia aces Fed, tense Taiwan and UK poll

A look at the day ahead in U.S. and global markets from Mike Dolan Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting

Nvidia aces Fed, tense Taiwan and UK poll
Business|Economy

Ross Stores beats quarterly estimates on steady demand for discounted products

Ross Stores on Thursday posted first-quarter results above Wall Street estimates and raised its annual profit forecast, as shoppers pivot to off-price retailers prompted by sticky

Ross Stores beats quarterly estimates on steady demand for discounted products
Business|Technology

Japan's Nidec corrects past results after some sales were 'inflated'

Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an

Japan's Nidec corrects past results after some sales were 'inflated'
Business|Economy

Gap, Abercrombie results to show if mall shoppers are splurging

Results from U.S. mall-based apparel chains this week will give a clearer picture of whether Americans are splurging on clothes and accessories

Gap, Abercrombie results to show if mall shoppers are splurging
Business|Economy

American Eagle misses quarterly sales estimates on cautious consumer spending

American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at

American Eagle misses quarterly sales estimates on cautious consumer spending
Business

Birkenstock boosts annual forecasts on full-price selling, firm demand

Birkenstock raised its annual revenue and core profit forecasts on Thursday, betting on full-price selling and strong demand for its cork-based sandals and newer

Birkenstock boosts annual forecasts on full-price selling, firm demand
Business|Economy

Volkswagen distributor D'Ieteren flags softer auto glass repair demand in N America

Belgian car distributor D'Ieteren on Wednesday reported 3.06 billion euros ($3.30 billion) in first-quarter sales and flagged lower volumes for its

Volkswagen distributor D'Ieteren flags softer auto glass repair demand in N America
Business|Economy

Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials

The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment

Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
Business|Economy

Dollar General says consumer spending to be pressured through 2024

Dollar General warned on Thursday that customers would remain price sensitive throughout the year, hurting demand for its more profitable discretionary items, at a time

Dollar General says consumer spending to be pressured through 2024
Business|Economy

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut

Department store chain Kohl's cut its annual sales and profit forecasts after posting a surprise quarterly loss on weaker consumer demand for its apparel and footwear

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut
Business|Technology

Best Buy sees laptop upgrades driving demand recovery; tops Q1 profit estimates

Best Buy said on Thursday it expected sales in its key computing category to improve this year on renewed demand after its quarterly profit beat Wall Street estimates,

Best Buy sees laptop upgrades driving demand recovery; tops Q1 profit estimates
Business|Technology

Dell's profit, margin hurt by higher AI costs, shares slump

Dell forecast current-quarter profit below market estimates on Thursday, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual

Dell's profit, margin hurt by higher AI costs, shares slump
Business|Economy

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar

Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its

Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar
Business|Economy

Costco tops revenue estimates on rebound in demand for low-priced discretionary items

Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced discretionary items and

Costco tops revenue estimates on rebound in demand for low-priced discretionary items
Business|Economy

Nordstrom's reaffirmed annual forecasts overshadow quarterly revenue beat

Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective, after the department store owner merely maintained its annual

Nordstrom's reaffirmed annual forecasts overshadow quarterly revenue beat
Business

Ulta Beauty beats first-quarter profit estimates on steady demand for skincare and makeup

Ulta Beauty topped market expectations for first-quarter profit on Thursday, helped by steady demand for skincare and makeup as well as easing input costs.

Ulta Beauty beats first-quarter profit estimates on steady demand for skincare and makeup
Business|Economy

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble

Bath & Body Works forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signaling demand for its scented candles and body care

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble
Business|Economy|Food

Campbell Soup leans on eat-at-home demand to lift annual sales forecast

Campbell Soup on Wednesday beat quarterly estimates and raised its forecast for annual net sales growth, banking on a recovery in demand for its soups and frozen meals

Campbell Soup leans on eat-at-home demand to lift annual sales forecast
Business|Technology

Hewlett Packard Enterprise surges as AI-server demand powers strong results

Hewlett Packard Enterprise rose more than 12% on Wednesday after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized

Hewlett Packard Enterprise surges as AI-server demand powers strong results
Business|Economy

Jack Daniel's maker Brown-Forman beats quarterly profit estimates on price hikes

Jack Daniel's maker Brown-Forman beat fourth-quarter profit expectations on Wednesday, as price hikes on its premium whiskey and tequila helped offset waning demand, sending the company's

Jack Daniel's maker Brown-Forman beats quarterly profit estimates on price hikes

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