Tag: Earnings

2024-09-21

FedEx quarterly profit disappoints as demand for speedy delivery wanes

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Business

Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly.  Jeff Greenberg | Universal Images Group | Getty Images FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost…

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2024-09-20

Darden Restaurants (DRI) Q1 2025 earnings

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Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” CEO Rick Cardenas said in a statement. “I am confident in the actions all our brand teams are…

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2024-09-10

Oracle (ORCL) Q1 earnings report 2025

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Business

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares rose 13% Tuesday and are on pace to close at a record after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates. Here…

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2024-09-07

Broadcom (AVGO) earnings report Q3 2024

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Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 7% in extended trading after guidance was in-line with expectations. Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter that ended Aug. 4: Earnings per share: $1.24…

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2024-09-03

stock moves, earnings and the latest data releases

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Business

City of London skyline on 6th March 2024 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images LONDON — European stocks closed flat on the first trading day in September as investors considered the outlook for markets. The pan-European Stoxx 600 closed 0.04% lower, with regional bourses and sectors diverging. Retail stocks ended 0.77% lower, while…

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2024-09-02

Ulta earnings Q2 2024

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Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020. Comparable sales for the second quarter fell…

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2024-09-01

Lululemon (LULU) earnings Q2 2024

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Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas.  The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates…

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2024-09-01

Dell earnings report Q2 2025

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Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC  Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading. Here’s how the company did for the fiscal second quarter…

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2024-08-31

Shares halted after apparent early release

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Business

A Gap store in New York, US, on Monday, May 27, 2024.  Stephanie Keith | Bloomberg | Getty Images Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel company’s fiscal second quarter results were released earlier than planned after the company “inadvertently” posted them to its website and…

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