Bob Swan, then-interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on November 15, 2018. Samyukta Lakshmi | Bloomberg | Getty Images Intel stock rose more than 6% on Thursday as the chipmaker reported earnings and revenue that exceeded
Earnings
A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall
Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings
Reed Hastings, CEO of Netflix Getty Images Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 12% after
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported fourth-quarter earnings before the opening bell on Tuesday. Here are the numbers: Earnings: $12.08 a share, vs. $7.47 per share expected, according to Refinitiv.Revenue: $11.74 billion, vs. $9.9 billion estimate. Expectations
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60
A Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines said Thursday it halved its cash burn and narrowed its losses in the fourth quarter as the coronavirus pandemic drove the carrier to its worst year ever. The Atlanta-based airline posted a net loss of nearly
A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania, November 20, 2020. Mark Makela | Reuters Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon said Monday it’s now expecting earnings and sales for the fourth quarter to come in at the high end of its prior outlook, thanks to strong performance during the holidays. Ahead of virtual
Victor J. Blue | Bloomberg | Getty Images Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays. The retailer’s stock was up nearly 11% in premarket trading. The shoe
Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Victoria’s Secret parent L Brands said Thursday its same-store sales during the holiday period grew 5%, compared with a 3% drop a year
People wear protective face masks outside Walgreens pharmacy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped
Bed Bath & Beyond shares plummeted Thursday, after the retailer reported a quarterly sales decline of 5% from a year ago, which it said was largely due to the sale of non-core assets like Cost Plus World Market and ongoing store closures that are part of its bigger turnaround plans. The stock was down more
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America, and strong demand
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. Next quarter, the Olive Garden parent expects sales to worsen, plunging 30% to
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company said Thursday. The package delivery
Safra Catz, co-chief executive officer of Oracle Corp., speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., on Monday, June 19, 2017. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI)
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 32% in after hours trading. For its fiscal
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
Salesforce shares moved 4% lower in extended trading on Tuesday after the enterprise software maker reported fiscal third-quarter earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: $1.15 cents per share, adjusted, vs. 75 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.42 billion, vs. $5.25 billion as expected by
Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise is the latest tech company to shift its focus away from Silicon Valley, announcing Tuesday that it will relocate its headquarters from San Jose, California, to Houston, Texas. “HPE’s largest U.S. employment hub, Houston is an attractive market to
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. on Tuesday reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old Navy and Athleta. Under CEO Sonia Syngal, the retailer has centered investments around new advertising to clearly define each
Enrique Lores, CEO, HP Scott Mlyn | CNBC HP shares rose as much as 9% in extended trading on Tuesday after the PC maker reported fiscal fourth-quarter earnings that beat analysts’ estimates and provided an optimistic earnings forecast. Earnings: 62 cents per share, adjusted, vs. 52 cents per share as expected by analysts, according to
Best Buy‘s third-quarter earnings on Tuesday soared past Wall Street’s expectations, as the company continued to see strong demand for technology during the coronavirus pandemic. Shares of the company were down more than 2% in premarket trading early Tuesday. Despite its strong third quarter, the retailer declined to provide an outlook due to the uncertainty
Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in 1984, when he was then
Patrick Spence, CEO of Sonos Devan Burris | CNBC Shares of Sonos extended their double-digit gains into Thursday, reaching a 52-week high, after the speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. The company’s stock traded up as much as 30.6%, in an otherwise down market. Sonos reported 33
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