With a few clicks on his keyboard and one social-media post to the world, President Donald Trump revived a long-running debate on the merits of quarterly earnings reports. The resolution could have significant ramifications for investors. The Securities and Exchange Commission is listening to the president. After Trump’s missive on Truth Social on Monday morning — arguing the SEC should do away with its quarterly earnings requirement in favor of semiannual reports — the U.S. securities regulator said in a statement it is “prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies.” Trump’s idea is not a new…

It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle , paved the way for the market’s gains as central bankers prepare for their two-day policy meeting that concludes on Sept. 17. The Nasdaq closed at a record on Friday. The S & P 500 finished slightly lower after reaching new intra-day highs earlier in the…

A Qantas Airways Boeing 737 aircraft takes off from Sydney International Airport in Sydney on August 18, 2025. David Gray | Afp | Getty Images Shares of Australian flag carrier Qantas rose to a record high Thursday after its full-year earnings results beat estimates, buoyed by resilient demand across its domestic and international networks. Qantas stock rose as high as 13.59% in early trading, before paring gains to trade 9% higher as of 12:33 p.m. local time (10.33 p.m. ET Wednesday). The carrier reported a 15% jump in underlying profit before tax to A$2.39 billion ($1.6 billion), beating the Visible…

Shares of RH fell slightly Friday after the luxury furniture retailer significantly missed revenue expectations in its fiscal second-quarter earnings report and slashed its full-year revenue outlook. The chain said Thursday that it will take another $30 million hit to its forecast because of tariffs, even though the retailer stood by its full-year projection three months ago in its fiscal first-quarter earnings report. It now sees full-year revenue up 9% to 11%, compared with a prior outlook of 10% to 13%, and adjusted earnings before interest, taxes, depreciation and amortization margins of 19% to 20% compared with previous estimates of…

Adobe reported fiscal third-quarter results that topped analysts’ estimates. The design software maker’s shares rose in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $5.31 adjusted vs. $5.18 expected Revenue: $5.99 billion vs. $5.91 billion expected Revenue in the quarter ended Aug. 29 increased 11% from $5.41 billion a year earlier, Adobe said in a statement. Net income rose to $1.77 billion, or $4.18 per share, from $1.68 billion, or $3.76 per share, a year ago. For the fourth quarter, the company says adjusted earnings per share will be $5.35 to $5.40, topping…

Josh Brown believes Nvidia is headed to $200 a share as investors focus on the “meat and potatoes” of the business. The chipmaker was down about 1% in midday trading Thursday after falling as much as 5% overnight —despite second-quarter earnings and revenue beating Wall Street analysts’ estimates. Brown, CEO of Ritholtz Wealth Management, said on CNBC’s ” Halftime Report ” he’s not concerned about the immediate market reaction, despite the unusual move Thursday. “Recently, the pattern has been that the stock runs up into earnings,” he said, noting that shares jumped about 20% from the start of the summer…

Check out the companies making headlines after the bell : Oracle — The tech old guard jumped 23% after reporting that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. Shares surged despite the company also reporting fiscal first-quarter earnings and revenue that came in below analysts’ expectations, according to LSEG. GameStop — The meme stock added 4% after reporting second-quarter earnings rose to 25 cents per share, excluding items, on revenue of $972.2 million. Its bitcoin holdings were valued at $528.6 million at the close of the quarter. Rubrik —…

Oracle shares spiked 30 % Wednesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug. 31, according to a statement. Net income was about flat at $2.93 billion, or $1.01 per share, compared to $2.93 billion, or $1.03 per share, in the same quarter last year. Oracle…

Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images John DiFucci from Guggenheim Securities said he was “blown away.” TD Cowen’s Derrick Wood called it a “momentous quarter.” And Brad Zelnick of Deutsche Bank said, “We’re all kind of in shock, in a very good way.” That’s how the analysts opened their comments and questions during Oracle’s quarterly earnings call on Tuesday, as the company’s stock price was in the midst of a 28% after-hours rally. The software vendor…

Charles Giancarlo, Pure Storage CEO, joins CNBC’s ‘Closing Bell Overtime’ on Aug. 27, 2025. CNBC Pure Storage shares jumped 32% on Thursday and closed at a record after the data storage management vendor reported quarterly results that topped estimates and lifted its guidance for the year. Wall Street was particularly enthused about the early success of the company’s deal with Meta. In March, Pure announced it had secured an agreement with Meta to be the social media company’s “key storage provider.” That came three months after Pure teased a new contract with an unnamed “top four” AI hyperscaler. The deal…

American Eagle said Wednesday its partnership with Sydney Sweeney has been its “best” advertising campaign to date as it announced fiscal second-quarter earnings that beat expectations.  The company’s splashy, yet controversial, campaign with the “Euphoria” star led to some criticism and blowback but the launch, coupled with a recent partnership with Taylor Swift’s new fiancé Travis Kelce, has led to new customer acquisition and positive traffic across channels.  American Eagle stock soared more than 20% in after-hours trading Wednesday. “The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent marketing campaigns…

The C3.ai logo is seen near a computer motherboard in this illustration taken on Jan. 8, 2024. Dado Ruvic | Reuters Shares of the enterprise artificial intelligence company C3 AI fell 14% in extended trading on Wednesday after it announced fiscal first-quarter results and the appointment of Stephen Ehikian as its new CEO. C3 AI reported $70.3 million in revenue for the quarter, down from $87.2 million during the same period last year. The company’s GAAP net loss widened to an 86-cent loss from a 50-cent loss a year ago. Ehikian is a long-time tech executive who built two companies that were both…

Figma shares plunged 14% in extended trading on Wednesday after the design software company reported results for the first time since its initial public offering in July. Here’s how the company did in comparison with LSEG consensus: Earnings per share: Breakeven Revenue: $249.6 million vs. $248.8 million expected Revenue increased 41% year over year in the second quarter from $177.2 million a year earlier, Figma said in a statement. The company provided a preliminary estimate of $247 million to $250 million in a July regulatory filing. CNBC isn’t including a profit estimate because it’s Figma’s first earnings report. Net income…

Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images A bad year just got worse for Salesforce. Following a disappointing revenue forecast in its quarterly earnings report late Wednesday, Salesforce’s stock slumped nearly 5%, bringing its decline for 2025 to 27%. That’s the worst performance in large-cap tech. Revenue increased 10% in the fiscal second quarter from a year earlier, cracking double-digit growth for the first time since early 2024. Sales of $10.24 billion topped the average analyst estimate of $10.14…

The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak data bolstered the case for the central bank to cut rates 25 basis points later this month, and as many as two more similar moves before year-end. The 10-year Treasury yield dropped below 4.1% to its lowest level since April. The “bad news is good…

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported fiscal third-quarter earnings that beat expectations and provided robust guidance for the current quarter. The stock rose in extended trading after the company said it had secured $10 billion in orders from a new client for custom chips. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share: $1.69 adjusted vs. $1.65 expected Revenue: $15.96 billion vs. $15.83 billion expected Broadcom said it expects $17.4 billion in fourth-quarter revenue, higher than the $17.02 billion expected by Wall Street analysts. Revenue in the third quarter rose 22% on an…

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares soared 9.4% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI. Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that a fourth large customer had put in orders for $10 billion in custom artificial intelligence chips, which the company calls XPUs. “One of these prospects released production orders to Broadcom, and we have accordingly characterized them as a qualified customer for XPUs,” Tan said. He…

Broadcom on Thursday evening reported a strong quarter and a solid guide. But the stock really got going after CEO Hock Tan talked about $10 billion in custom AI-related orders from a new customer. Revenue in the fiscal 2025 third quarter, which ended Aug. 3, increased 22% year over year to $15.95 billion, ahead of the $15.83 billion consensus forecast, according to estimates compiled by LSEG. Adjusted earnings per share increased 36% from the year-ago period to $1.69, also outpacing expectations of $1.65, LSEG data showed. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) grew 30% year over year…

Lululemon shares plunged in extended trading Thursday after the company gave a much worse than expected full-year outlook. The company topped second-quarter earnings estimates but slightly missed revenue expectations. It said it expected tariffs to hit its full-year profits by $240 million. Lululemon said it expects full fiscal-year earnings of $12.77 to $12.97 per share, well below Wall Street estimates of $14.45 per share. It also anticipates full-year revenue of $10.85 billion to $11 billion, compared with Wall Street expectations of $11.18 billion. “We are facing yet another shift today within the industry related to tariffs and the cost of…

Salesforce on Wednesday reported better-than-expected second quarter results, but the stock sold off in extended trading due to concerns about soft third-quarter revenue guidance and lack of upside in the full-year outlook. Revenue in its fiscal 2026 second quarter rose 10% year over year to $10.24 billion, topping expectations of $10.14 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended July 31 totaled $2.91, beating the consensus estimate by 13 cents, LSEG data showed. On a year-over-year basis, adjusted EPS was up 14%. Shares fell more than 5% in after-hours trading to around $242, extending…

Marc Benioff, co-founder and CEO of Salesforce, sits for an interview in San Francisco on April 25, 2025. David Paul Morris | Bloomberg | Getty Images Salesforce issued disappointing guidance on Wednesday, even as earnings and revenue topped estimates for the fiscal second quarter. The stock dropped 4% in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $2.91 adjusted vs. $2.78 expected Revenue: $10.24 billion vs. $10.14 billion expected Revenue increased 10% from $9.33 billion a year earlier, according to a statement. Net income rose to $1.89 billion, or $1.96 per share, from…

Scott Olson | Getty Images Macy’s posted second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends. The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share, and revenue between $21.15 billion and $21.45 billion, compared with $21 billion to $21.4 billion. The stock was up 10% before the bell. Macy’s had slashed its full-year guidance last quarter and reported uncertainty in sales due to President Donald Trump’s tariffs. “We’re just well-positioned…

A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Brandon Bell | Getty Images Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance that below Wall Street’s expectations. Here’s how the systems integrator did versus LSEG consensus estimates: EPS: $2.32, adjusted vs. $2.30 estimated Revenue: $29.78 billion vs. $29.17 billion estimated Dell raised its full year outlook for revenue to be $107 billion at its midpoint and diluted earnings per share to $9.55 at the midpoint, topping…

Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival on Friday reported net profit of 6.36 billion yuan ($891 million) for the April-June quarter, down about 30% from a year earlier, according to data from LSEG. The results came despite an expansion in overseas sales, which helped the company’s revenue grow 14% year over…

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy surpassed Wall Street revenue and earnings expectations for its most recent quarter on Thursday, but stuck with its full-year forecast, citing tariff uncertainty. On the company’s earnings call, CEO Corie Barry said the retailer is “increasingly confident about our plans for the back half of the year.” She said the company is “trending toward the higher end of our sales range.” Yet she said, “given the uncertainty of potential tariff impacts in the…

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant’s cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development. It’s the highest level for the stock since March. Investors have backed the company’s improving performance in its key cloud unit and are content with the the tech giant’s investment into new areas — particularly in the so-called “instant commerce,” which has become incredibly competitive…

Gap stock fell in extended trading on Thursday after the company warned tariffs will impact its profits moving forward. When Gap last reported results in May, it said it expected tariffs to cost between $100 million and $150 million on a net basis, but on Thursday, it said those costs are now going to be between $150 million and $175 million.  Its full-year operating margin is expected to be between 6.7% and 7%, down from 7.4% in the previous fiscal year, reflecting a tariff impact between 1 percentage point and 1.10 percentage points. In its current quarter, its expecting its…

Check out the companies making headlines before the bell : Alibaba — The Chinese e-ecommerce giant saw shares rising more than 3% after The Wall Street Journal reported that the firm has created a more advanced chip as it looks to fill the gap left by Nvidia running into issues around selling its chips in China. Nvidia shares extended their recent losses, falling about 1% in the premarket. Caterpillar — The industrial giant’s shares lost nearly 3% in premarket trading after the company warned it could take a $1.5 billion to $1.8 billion hit this year due to tariffs. Dell Technologies —…

Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology plunged 18% on Friday after the artificial intelligence chipmaker’s data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here’s how the company did in comparison with LSEG consensus estimates: Earnings per share: 67 cents adjusted vs. 66 cents expected Revenue: $2.01 billion vs. $2.01 billion expected Revenue jumped 58% from a year ago in the fiscal second quarter that ended Aug. 2, a record for the company that…

Affirm stock popped 10% Friday after the buy now, pay later firm beat Wall Street’s expectations across the board in its fiscal fourth-quarter results. CEO Max Levchin told CNBC on “Money Movers” Friday that the company is “firing on all pistons.” Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income was $69.2 million for the quarter, compared with a loss of $45.1 million in the same period last year. “You can see that consumers are transacting more and more frequently,”…

A strong month for the stock market ended on a sour note. The S & P 500 on Friday retreated just over 0.6% from Thursday’s record high close. That decline sent the index slightly into the red for the week and ended its four-week winning streak. For the month of August, however, the S & P 500 advanced more than 2%, extending its monthly gains to four straight. It’s hard to blame anyone for wanting to take some profits ahead of the long Labor Day weekend, especially after the market got through the biggest earnings report of the quarter unscathed.…

Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s net sales of $11.3 billion. It expects earnings per share of $23.85 to $24.30, up from its previous range of $22.65 to $23.20. It expects comparable sales, a metric that takes out one-time factors like store openings and closures, to grow between 2.5% to 3.5%,…

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here’s how the company did versus LSEG consensus estimates: EPS: 20 cents vs. 11 cents estimated Revenue: $876 million vs. $837 million estimated Revenue climbed 33% in the period from $659 million in the same quarter…

Dick’s Sporting Goods raised its full-year sales and earnings guidance after delivering fiscal second-quarter results that beat expectations. The company is now expecting comparable sales to grow between 2% and 3.5%, up from a previous range of 1% and 3% and ahead of analyst estimates of 2.9%, according to StreetAccount.  Dick’s said its earnings per share are now expected to be between $13.90 and $14.50, up from a previous range of $13.80 to $14.40. Analysts were expecting $14.39 per share, according to LSEG. Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts…

Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings…

China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Cambricon is among a plethora of companies in China that are vying to be an alternative to American giant Nvidia when it comes to providing the chips required to train and run artificial intelligence applications and models. In the first half of the year, Cambricon said revenue surged more than 4,000%…

Okta CEO Todd McKinnon appears on CNBC in September 2018. Anjali Sundaram | CNBC Okta shares rose 7% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 84 cents expected Revenue: $728 million vs. $711.8 million expected Okta’s revenue grew about 13% year over year in the fiscal second quarter, which ended on July 31, according to a statement. Net income of $67 million, or 37 cents per share, was up from $29 million,…

Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company. While charges related to the stablecoin issuer’s debut contributed to a second-quarter loss, it reported a 53% increase in revenue, driven by strong growth in stablecoins. Revenue rose to $658.1 million from $430 million in the same period a year ago. Shares were last higher by about 2.5%. Earlier, they rallied more than 17%. The stock has soared more than 450% since it went public on June 5. “The validation that we’ve seen in Circle, and the sentiment around circle is really about people understanding that…

Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%. Shares of the company plunged nearly 20% Wednesday. The stock has fallen 40% this year, including the after-hours move. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 16 cents vs. 13 cents expected Revenue: $280.6 million vs. $285.6 million expected The restaurant company reported second-quarter net income…

Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times have changed. This spring, fast-casual chains saw foot traffic decline as sales slowed down or even shrank. To explain the downturn, executives have said that diners are “cautious,” in the words of Sweetgreen CEO Jonathan Neman, or dealing with an economic “fog,” according to Cava…

CoreWeave‘s stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave’s results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers to a set period of time following a market debut in which insiders are restricted from selling shares. “We remain constructive long…

Cisco Systems on Wednesday evening beat Street estimates on both the top and bottom line with its fiscal 2025 fourth quarter results. The company also issued slightly better than expected guidance, driven by strong growth for its networking products. Revenue in the quarter ended July 26 increased 8% year over year to $14.67 billion, exceeding the LSEG-complied analyst consensus estimate of $14.62 billion. Non-GAAP earnings per share (EPS) increased 14% on an annual basis to 99 cents, beating expectations of 98 cents, LSEG data showed. GAAP stands for generally accepted accounting principles. CSCO 1Y mountain Cisco Systems 1 year Cisco…

A Klarna advertisement at the Metro Center metro station in Washington, DC, US, on Tuesday, June 3, 2025. Stefani Reynolds | Bloomberg | Getty Images Swedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly. Klarna’s April-June revenue grew to $823 million in the quarter, while its adjusted operating profit stood at $29 million, an increase of $1 million from the same quarter of last year, its earnings report showed. The number…

Palo Alto Networks shares jumped Monday evening after the cybersecurity firm posted a better-than-expected quarter and provided a first look at guidance for its next fiscal year. These strong results should ease concerns that the $25 billion CyberArk deal was masking a slowdown in the core business. Revenue for the company’s fiscal 2025 fourth quarter increased 16% year over year to $2.54 billion, exceeding the Wall Street consensus estimate of $2.5 billion, according to LSEG. Adjusted earnings per share (EPS) increased 27% to 95 cents in the quarter, ahead of the 88-cent LSEG consensus estimate. PANW YTD mountain Palo Alto Networks…

Shoppers come and go the TJ Maxx store at the Mall at Prince George’s on August 17, 2022 in Hyattsville, Maryland. Chip Somodevilla | Getty Images TJX Cos. on Wednesday reported earnings and revenue that beat Wall Street’s expectations and raised its full-year guidance, as the discounter behind T.J. Maxx, Marshalls and HomeGoods said it assumes it can offset higher costs from tariffs. TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per share, up from its prior guidance between $4.34 and $4.43 per share. The retailer also raised its comparable sales expectations to a 3%…

TJX Companies on Wednesday reported better-than-expected quarterly results, vaulting over the high bar inherent for a stock hovering near its record high into earnings. Revenue in the three months ended Aug. 2 increased 7% year over year to $14.4 billion, exceeding the consensus estimate of $14.1 billion, according to LSEG. Earnings per share (EPS) in the period came in at $1.10, beating expectations of $1.01, LSEG data showed, indicating growth of nearly 15% year over year. Same-store sales also came in ahead of expectations at 4%, better than the 3.3% the Street was looking for, according to FactSet. As a…

CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025. Brendan McDermid | Reuters Workday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading. Here’s how the company did relative to LSEG consensus: Earnings per share: $2.21 adjusted vs. $2.11 expected Revenue: $2.35 billion vs. $2.34 billion expected Revenue increased 13% from a year earlier in the fiscal second…

The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs.  The big-box retailer topped Wall Street’s quarterly sales estimates. But the company said it felt pressure on profits for the period, including from some one-time expenses, such as restructuring costs, pricier insurance claims and litigation settlements. Walmart said it now expects net sales to grow between 3.75% to 4.75%…

Target beat Wall Street’s earnings and sales expectations and reaffirmed its outlook on Wednesday, even as the company’s sales and traffic across its stores and website declined. Yet the Minneapolis-based retailer pointed toward the future – and its focus on getting back to growth – by naming its next CEO. Chief Operating Officer Michael Fiddelke, who has also served as Target’s CFO, will step into the role on Feb. 1. He will succeed CEO Brian Cornell, 66, who will become executive chair of Target’s board of directors. Fiddelke is a 20-year Target veteran.  The company’s shares fell more than 6%…

An exterior view of a Lowe’s home improvement store in Selinsgrove. Paul Weaver | Lightrocket | Getty Images Lowe’s beat Wall Street’s earning expectations on Wednesday as demand for home projects picked up during the quarter. The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that it has struck a deal to acquire Foundation Building Materials, a distributor of drywall, insulation and other interior building products for large residential and commercial professionals, for about $8.8 billion. Lowe’s revised its full-year outlook to reflect the acquisition of Artisan Design Group, a home professional-focused…

Home Depot shares soared Tuesday as investors saw past quarterly disappointments and looked forward to a better back half of the year. Revenue in the firm’s fiscal 2025 second quarter rose 4.9% year over year to $45.28 billion, missing expectations of $45.36 billion, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended Aug. 3, were flat at $4.68 and were short of the consensus of $4.71, LSEG data showed. HD YTD mountain Home Depot YTD Despite being the first time Home Depot missed on both metrics since May 2014, the stock reversed into…

General view of a Home Depot store in Midtown Manhattan on February 26, 2025 in New York City.  Eduardo Munoz Alvarez | Corbis News | Getty Images Home Depot stuck by its full-year outlook on Tuesday, even as the company came in slightly shy of Wall Street’s expectations for quarterly earnings and revenue.  The home improvement retailer reiterated that it expects full-year total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.  However, it missed Wall Street’s earnings expectations for the second straight…

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025. Jeenah Moon | Reuters Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer. The stock rose about 5% in extended trading. Here’s how the company did compared to LSEG estimates: Earnings: 95 cents adjusted vs. 88 cents expected Revenue: $2.54 billion vs. $2.5 billion expected. Revenue in…

The stock market has been on a tear over the past month, as Wall Street mulled over quarterly earnings reports, President Donald Trump ‘s tariff moves, and the Federal Reserve’s next monetary policy decision. Since last month’s third annual meeting of the CNBC Investing Club, the S & P 500 and Nasdaq hit nine and 14 record closing highs, respectively. Both stock benchmarks hit those milestones again Wednesday. From our July 11 gathering at the New York Stock Exchange to Wednesday’s market close, the S & P 500 advanced more than 3.3% and the tech-heavy Nasdaq gained roughly 5.5%. The…

We’re at the tail-end of the earnings season, but there are some major retailers still left to report this week. Walmart , Home Depot and Target are among the companies slated to post quarterly results. The reports will give investors a look at the state of the U.S. consumer. Overall, it’s been a strong earnings season. FactSet data shows that, of the more than 460 S & P 500 names that have reported thus far, 82% have beaten bottom-line expectations. Take a look at CNBC Pro’s breakdown of what to expect in this week’s key reports. All times are ET.…

The John Deere logo is displayed as attendees view a 5105M utility tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is warning that tariff costs for the agricultural machinery company could reach a total of $600 million for the fiscal 2025 year. The company released its fiscal third-quarter earnings report Thursday, beating on the top and bottom lines but posting significant year-over-year decreases in net income and sales. The stock sank roughly 7% in midday…

The stock market ended the week higher as Wall Street speculated on how a spate of economic releases would impact the Federal Reserve’s next interest rate decision. The S & P 500 and Nasdaq both gained nearly 1% over the past five sessions. Both benchmark gauges hit several record closes this week, with the S & P 500 reaching the milestone on Tuesday, Wednesday, and Thursday. The tech-heavy Nasdaq closed at record highs on Tuesday and Wednesday. Both indexes hit all-time intraday highs on Friday but closed the session modestly lower. Inflation data Stocks were pushed much higher on Tuesday,…

Shares of Salesforce rallied Friday as Wall Street bets that activist pressure may again help revive an otherwise dragging stock. Jeff Smith’s Starboard Value increased its stake in Salesforce by 47% during the second quarter, according to a securities filing , ending the month of June with a position worth $341.5 million. Starboard also added to its Salesforce holdings in the first quarter. The market is taking note Friday, sending shares up 4%, because Starboard was the first activist hedge fund to start publicly pushing for changes at Salesforce in late 2022 and into 2023. Multiple other activist firms swarmed…

Applied Materials shares plunged14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled “increasing uncertainty and lower visibility,” primarily within its China business. He also said the guidance does not account for pending export license applications and assumes a significant backlog. Applied Materials…

Jim Cramer covered each holding in the Investing Club’s portfolio during the August Monthly Meeting on Thursday. He went over five stocks new investors should consider buying — and when to sell others – as the S & P 500 trades near record highs. Apple: This stock has had a big rally following the company’s announcement last week of an additional $100 billion investment in U.S. manufacturing. It just goes to show: Don’t give up on Apple. The next major test will come if a U.S. judge in Alphabet’s antitrust case ends its search exclusivity deal with the iPhone maker.…

People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | Reuters Shares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow. The company’s stock closed the day at $95.69, down nearly 16%. The handbag, shoe and accessory maker said costs from higher duties will total $160 million for its coming fiscal year and drag on its profits. It said it expects full-year fiscal 2026 earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. On…

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server business. Here’s how Foxconn did in the second quarter of 2025 compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 1.79 trillion New Taiwan dollars ($59.73 billion) vs. NT$1.79 trillion Operating profit: NT$56.596 billion…

Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025. Al Drago | Bloomberg | Getty Images Cisco reported results on Wednesday that narrowly exceeded analysts’ expectations and issued quarterly guidance that was also better than expected. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 99 cents adjusted vs. 98 cents expected Revenue: $14.67 billion vs. $14.62 billion expected Revenue increased 7.6% year over year in the quarter, which ended on July 26, according to a statement. Net income rose to $2.82 billion, or 71 cents per…

The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China.  Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in its gaming unit and AI investments boosted growth. Here’s how Tencent did in the first quarter of 2025: Revenue: 184.504 billion Chinese yuan ($25.7 billion), compared to 161.117 billion Chinese yuan in the same period last year Operating profit: 63.052 billion yuan, versus 57.313 billion yuan last…

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. Michael M. Santiago | Getty Images News | Getty Images CoreWeave shares slid 9% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure issued results and guidance that beat expectations. Here’s how the company did in comparison with LSEG consensus: Earnings per share: Loss of 21 cents Revenue: $1.21 billion vs. $1.08 billion expected Revenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss,…

On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam.  The buzzy sneaker brand, which has been credited with taking market share from Nike, now expects full year-sales of 2.91 billion Swiss francs ($3.58 billion), up from its previous outlook of 2.86 billion francs ($3.52 billion). That’s in line with Wall Street expectations of 2.92 billion francs ($3.59 billion), according to LSEG.  On also raised its gross margin guidance…

Restaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons. Shares of the company fell more than 4% in morning trading. Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 94 cents adjusted vs. 97 cents expected Revenue: $2.41 billion vs. $2.32 billion expected Restaurant Brands reported second-quarter net income attributable to shareholders of $189 million, or 57 cents per share, down from $280 million, or…

The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs. The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous outlook of $58 billion to $61 billion on underlying strength across its business. The pharmaceutical giant also expects its adjusted fiscal 2025 earnings to come in between $21.75 to $23, up from a previous…

DoorDash food-delivery service in New York City on Feb. 13, 2025. Danielle DeVries | CNBC DoorDash shares climbed about 8% in extended trading on Wednesday after the food delivery company reported better-than-expected earnings and revenue for the second quarter. Here’s how the company did compared to analysts’ estimates based on LSEG’s consensus: Earnings per share: 65 cents vs. 44 cents expected Revenue: $3.28 billion vs. $3.16 billion expected Revenue jumped 25% from $2.63 billion a year earlier, DoorDash said in a press release. The company reported net income of $285 million, or 65 cents per share, after recording a loss…

Disney reported results for its fiscal third quarter on Wednesday – posting earnings that topped expectations but revenue that came in just shy of analyst projections – as the company’s streaming business grew and its theme parks saw higher spending from consumers.  CFO Hugh Johnston credited the quarter in part to the success of Disney’s streaming unit, anchored by its flagship service, Disney+. “Just as a reminder, it was only a couple of years ago that we were losing a billion dollars a quarter on that business,” Johnston told CNBC’s “Squawk Box” on Wednesday. “It was trading purely on subs…

Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices reported quarter earnings on Tuesday that missed estimates. The stock slid about 5% in extended trading. Here’s how the chipmaker did versus LSEG expectations for the quarter ended June: Earnings per share: 48 cents adjusted versus 49 cents expected Revenue: $7.69 billion versus $7.42 billion…

Piotr Swat | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines. Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.44 adjusted vs. $1.46 expected Revenue: $1.93 billion vs. $1.94 billion expected Yum reported second-quarter net income of $374 million, or $1.33 per share, up from $367 million, or $1.28 per share, a year earlier. Excluding refranchising gains and other items, the company earned…

Palantir topped Wall Street’s estimates Monday, surpassing $1 billion in quarterly revenue for the first time, and hiking its full-year guidance. Shares rallied 3% after the bell. Here’s how the company did versus LSEG estimates: Earnings per share: 16 cents adjusted vs. 14 cents expected Revenue: $1 billion vs. $940 million expected The artificial intelligence software provider’s revenues grew 48% during the period. Analysts hadn’t expected the $1 billion revenue benchmark from the Denver-based company until the fourth quarter of this year. “We’re planning to grow our revenue … while decreasing our number of people,” CEO Alex Karp told CNBC’s…

Exxon Mobil reported second-quarter earnings on Friday that declined significantly compared to last year, though the company beat Wall Street estimates as production growth in the Permian Basin and Guyana softened the impact of lower oil prices. Exxon’s net income fell 23% to $7.1 billion, or $1.64 per share, compared to $9.2 billion, or $2.14 per share, in the same period last year. Oil prices are down about 10% compared to last year as OPEC+ is increasing output and production remains strong in the U.S. Here is what Exxon reported for the second quarter compared with what Wall Street was…

The busiest week of earnings has passed, but there are still dozens of key reports still to come that could shake up Wall Street. About 120 S & P 500 companies are scheduled to post their latest earnings. Among them are Disney , Advanced Micro Devices and Dow Jones Industrial Average member Pfizer . Those come after investors last week got quarterly reports from megacap names including Microsoft , Apple , Amazon and Meta Platforms . Roughly two-thirds of the companies in the S & P 500 index have posted quarterly results, with more than 82% exceeding earnings expectations, according…

The Moderna logo is seen in Warsaw, Poland, on April 9, 2025. Jakub Porzycki | Nurphoto | Getty Images Moderna on Friday lowered the high end of its 2025 revenue outlook due to a delay in vaccine shipments to the U.K., but beat Wall Street’s expectations for the second quarter as it works to cut costs. Shares of Moderna fell more than 9% on Friday. The biotech company now expects full-year revenue to come in between $1.5 billion and $2.2 billion, down $300 million at the top of that range. The results come a day after Moderna announced plans to…

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Berkshire Hathaway on Saturday reported a small decline in second-quarter operating earnings as Warren Buffett’s conglomerate warns of negative impacts from steep U.S. tariffs. Berkshire’s operating profit — those from the company’s wholly owned businesses including insurance and railroads — dipped 4% year over year to $11.16 billion in the second quarter. The results were impacted by a decline in insurance underwriting, while railroad, energy, manufacturing, service and retailing all saw higher profits from a year ago. The Omaha-based conglomerate once again…

Linde on Friday reported better-than-expected quarterly results Thursday, showcasing what the industrial gas giant does best when times get tough. Revenue for the first quarter ended June 30, increased roughly 3% versus the year-ago period, coming in at $8.5 billion, ahead of the the LSEG compiled analysts’ consensus estimate of $8.35 billion. Adjusted earnings per share rose just over 6% year over year to $4.09, also outpacing the $4.03 expected, according to LSEG. Bottom line Linde delivered in a difficult operating environment — which is exactly why you own the stock. The company is a critical supplier so high up…

Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren’t good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares closed down 8% on Friday. The stock is down roughly 2% year to date. Profit guidance was weaker than expected, while cloud growth underwhelmed investors. That overshadowed an otherwise upbeat report that included strong revenue and profits, steady retail growth…

Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year. Chevron booked a $215 million loss on the fair value measurement of Hess shares. When adjusted for that charge and other one-time items, Chevron earned $1.77 per share to beat Wall Street estimates. Here is what Chevron reported for the second quarter compared with what Wall Street…

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon shares slid more than 7% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period. The stock moved lower during a conference call with investors, as CEO Andy Jassy was asked about growing cloud competition and artificial intelligence spending. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.68 vs. $1.33 expected Revenue: $167.7 billion…

Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue. Yet the company saw a loss of broadband customers even as it pivoted its market strategy for the segment. Comcast and its cable peers have been suffering from a slowdown in broadband growth, which has impacted company stocks. Comcast stock was up about 4% in premarket trading.  Here’s how Comcast did in its second quarter compared with Wall Street estimated, according to LSEG: Earnings per share: $1.25 adjusted vs. $1.18 expected Revenue: $30.31 billion vs. $29.81 billion expected Revenue of $30.31 billion was a 2% increase year over year.  For…

The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images Arm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday.  Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: 35 cents adjusted vs. 35 cents expected Revenue: $1.05 billion vs. $1.06 billion expected The company said it expects second-quarter revenue in the range between $1.01 billion and $1.11 billion,…

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its U.S. goods. The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half of this year. “The price increases, if any, will only be in the U.S.,” CEO Bjørn Gulden told reporters during…

Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy. CEO Brian Niccol said in a statement that the company’s comeback is ahead of schedule, based on his past experience, which includes turning around Chipotle Mexican Grill after a series of food-safety scandals. “While our financial results don’t yet reflect all the progress we’ve made, the signs are clear — we’re gaining momentum,” Niccol said in a prerecorded video published with the earnings report.  Shares of the company rose 4% in extended trading. Here’s what the company reported for the quarter…

Medical bottles and a syringe are seen with the Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Danish pharmaceutical giant Novo Nordisk on Tuesday cuts its full-year sales and profit guidance, citing weaker growth expectations for its Wegovy obesity drug in the key U.S. market. Shares were down 15% at 12:11 p.m. London time, shortly after the announcement (7:12 a.m. ET). The company said the lower outlook was driven by weaker second-half U.S. sales growth forecasts for its Wegovy weight loss drug and Ozempic diabetes treatment. “For Wegovy in the US, the sales…

American Airlines shares slumped close to 10% Thursday after the carrier’s third-quarter profit forecast fell short of Wall Street’s expectations and the airline reinstated its 2025 financial forecast well below its outlook at the start of the year. CEO Robert Isom told CNBC’s “Squawk Box” that the results are driven by consumer weakness, flat corporate travel demand that continued into the start of the summer and operational problems from a series of storms. “July’s been a tough month … because of the domestic consumer weakness,” Isom said. Demand appears better in the coming months, he said, and American is scaling…

Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Cfoto | Future Publishing | Getty Images Shares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over year, or between RMB 2.23 billion and RMB 2.28 billion ($311.11 million to $318.08 million). The stock, which is up 203.07% for the year to date, rose nearly 4% in early trade but pared back gains as investors locked in their profits. While shares of…

European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union, starting Aug. 1. Investors are now awaiting developments in EU-U.S. negotiations, though a trade agreement is so far yet to emerge. Meanwhile, European officials continue to work on countermeasures that could be deployed if the White House goes ahead with its 30% duties on the…

This week marks the busiest week of the second-quarter corporate earnings season, and some of the world’s biggest companies are on the docket. In coming days, 151 companies in the S & P 500 are slated to release their latest quarterly results. That includes four of the “Magnificent Seven,” Meta Platforms and Microsoft on Wednesday and Amazon and Apple on Thursday. They will follow those from two other notable megacap technology companies, YouTube and Google parent Alphabet and Tesla . Alphabet shares closed higher Thursday after second-quarter earnings and revenue topped expectations, while Tesla shares nosedived after the electric vehicle…

Valera Golovniov | Sopa Images | Lightrocket | Getty Images Centene on Friday posted a surprise quarterly loss, in yet another disappointment for investors in the sector that has suffered a series of setbacks due to rising costs in government-backed insurance plans. Shares of the company tumbled 14.5% in premarket trading, dragging down peers Elevance and Molina Healthcare, which have also warned of elevated costs in government-backed insurance plans. The insurance sector has been under strain for the past two years due to rising medical costs. On one hand, insurers are grappling with increased utilization of behavioral health services, home…

A worker performs a final check on new Volkswagen ID.3 electric cars at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s Volkswagen on Friday lowered its full-year guidance and reported a sharp drop in second-quarter profit, as the auto giant navigates the disruptive impact of U.S. tariffs and restructuring costs. Europe’s biggest carmaker posted operating profit of 3.83 billion euros ($4.49 billion) for the three months through June, down 29% from 5.4 billion euros a year ago. Analysts had expected second-quarter profit to come in at 3.94 billion euros, according…

Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel‘s stock dropped more than 8% after the chipmaker said it would slash foundry costs in its latest attempt to turn around its struggling business. Concerns about where that leaves Intel’s chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny, according to LSEG.…

Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on Thursday, the retailer said it expects full-year sales to decline by a low-double digit percentage this year, compared with its prior forecast of sales growth in the low- to mid-single digit range. Puma also said it expects to post an operating profit loss in 2025…

The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty Images Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock fell about 5% in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share: Loss of 10 cents per share, adjusted. Revenue: $12.86 billion versus $11.92 billion estimated Intel said it expects revenue for the third-quarter of $13.1 billion at the…

Kit Kat Chunky packaging are seen at a store in Poland on July 15, 2025. Nurphoto | Getty Images Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures. CEO Laurent Freixe said that he was “satisfied” with broad price hikes implemented in the first half of the year, but said that company was still considering whether further action would be needed. “Will we need a bit more [pricing action]?” Freixe said on an earnings…

Alphabet reported second-quarter results on Wednesday that beat on revenue and earnings, but the company said it would raise its capital investments by $10 billion in 2025. Shares of the company were up as much as 3% in after-hours trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Revenue: $96.43 billion vs. $94 billion expected Earnings per share: $2.31 vs. $2.18 expected Wall Street is also watching several other numbers in the report: YouTube advertising revenue: $9.8 billion vs. $9.56 billion, according to StreetAccount Google Cloud revenue: $13.62 billion vs. $13.11 billion, according to StreetAccount Traffic acquisition costs (TAC):  $14.71…

The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome. Italy’s second-largest bank reported a 25% year-on-year hike in net profit to 3.3 billion euros ($3.87 billion) in the second quarter when including one-off items, and 2.9 billion euros without them. Net revenues dipped 4.7% year-on-year to 6 billion euros in the July quarters. UniCredit…

General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump’s auto tariffs. Shares of the company fell 8%. While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect. In May, the automaker lowered its full-year guidance to include a possible $4 billion to $5 billion impact from auto tariffs. It affirmed that guidance on Tuesday and said the estimated tariff impact remains unchanged.  “In addition to our strong underlying operating performance, we are positioning the…

A 12-pack of Coca-Cola is displayed on a counter in a 7-Eleven convenient store in Austin, Texas, on July 17, 2025. Brandon Bell | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 87 cents adjusted vs. 83 cents expected Revenue: $12.62 billion adjusted vs. $12.54 billion expected Excluding items, the beverage giant earned 87 cents per share. Net sales rose 1% to…

As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors. “I think the industry headwinds are actually tail winds for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on Monday. Domino’s on Monday reported second-quarter U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2% increase. The chain’s first-ever stuffed crust pizza, which was introduced in March, boosted sales, but so did the deals Domino’s offered. Executives said that Domino’s grew…

New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its preliminary figures. Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, estimated first-half net revenue of 74.3 billion euros, down from 85 billion euros from the same period last year. The preliminary figures come in the absence of financial guidance, which the…

The corporate earnings season heats up this week with some of the largest companies in the world set to report. More than 100 S & P 500 names are scheduled to post their latest quarterly figures, including Tesla, Alphabet and Coca-Cola. Those numbers come after a solid start to the reporting period. Of the roughly 59 S & P 500 names that have posted results, 86% have topped expectations, according to FactSet. Among those are Goldman Sachs and JPMorgan. Take a look at CNBC Pro’s breakdown of what to expect in this week’s key reports. All times are ET. Tuesday…

Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s Geely Holding, on Thursday reported that second-quarter operating profit excluding items affecting comparability fell to 2.9 billion Swedish kronor ($297.83 million), down from 8 billion during the same time last year. Second-quarter revenue dropped to 93.5 billion kronor, compared to 101.5 billion kronor over the…

A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines‘ second-quarter earnings beat estimates, and its CEO said travel demand is picking up after a rocky start to 2025. Travel demand, particularly from more price-sensitive customers for domestic flights, had come in weaker than airline executives expected at the start of the year, sending airfares lower. “The world is less uncertain today than it was during the first six months of 2025 and that gives us confidence about a strong finish to the…

Shares of Abbott Laboratories fell Thursday after the diversified health-care company delivered a solid second quarter but left investors disappointed with forward guidance. Revenue in the three months ended June 30 rose 7.4% to $11.14 billion, outpacing the $11.07 billion consensus estimate, according to estimates compiled by LSEG. Organic sales , excluding Covid testing results, rose 7.5%, beating the 7.2% estimate, according to FactSet. Adjusted earnings per share (EPS) increased 10.5% on an annual basis to $1.26, edging out expectations by a penny, LSEG data showed. Why we own it Abbott is a high-quality medtech company. The stock has dealt…

A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales growth for the second quarter. Shares were last seen trading 14.3% higher at 7:01 E.T. Saab’s operating income for the second quarter came in at 1.98 billion Swedish kronor ($200 million), marking a 49% year-on-year jump and a beat on the 1.71 billion krona expected…

Earnings season has kicked off in Europe , and the impact of U.S. tariffs are beginning to show up in the hard numbers. That has now made analyst consensus — which just last week predicted a mild 0.2% dip in profits for companies on the Stoxx Europe 600 index — forecast a 0.7% year-over-year decline, according to LSEG data. The gloomier forecast comes as a growing number of European industrial and consumer giants report that tariffs are hitting sales, raising costs, and cooling the investment environment. Manufacturing The auto industry is on the front lines of the trade conflict. Jaguar Land…

Netflix posted an earnings beat Thursday, as revenue grew 16% during the second quarter of 2025. The company updated its full-year revenue forecast, noting that it expects revenue to be between $44.8 billion and $45.2 billion, up from a range of $43.5 billion to $44.5 billion. Netflix’s higher forecast reflects the weakening of the U.S. dollar compared with other currencies as well as “healthy” member growth and ad sales, the company said in a statement. Notably, this is the second quarter that Netflix is not releasing quarterly updates on subscription data. “Year-over-year revenue growth was primarily a function of more…

Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America. Shares of the company rose roughly 2% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.12 adjusted vs. $2.03 expected Revenue: $22.73 billion vs. $22.27 billion expected Pepsi reported second-quarter net income attributable to the company of $1.26…

Check out the companies making headlines after the bell : United Airlines — Shares fell nearly 2% after the airline carrier posted a second-quarter revenue of $15.24 billion, missing analysts’ expectations of $15.35 billion, according to LSEG. Earnings, however, came in at $3.87 per share, exceeding the $3.81 consensus. Sarepta Therapeutics — The biopharma stock soared 32% after the company announced a ” strategic restructuring ” plan that involved a 36% workforce reduction, or around 500 employees. This plan aims to deliver about $400 million in anticipated annual savings. Monarch Casino & Resort — Shares popped 14% after the casino…

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: 86 cents per share, according to LSEG Revenue: $26.72 billion, according to LSEG Net Interest Income: $14.89 billion, according to StreetAccount Trading: Fixed income of $3.14 billion, equities of $2.14 billion, according to StreetAccount Bank…

Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations, helping to boost a stock that has already been outperforming the broader market. Citigroup’s net income of $4.02 billion climbed 25% from the same quarter last year. Here’s how the bank’s results compared with Wall Street expectations: Earnings: $1.96 per share vs $1.60 per estimate from LSEG Revenue: $21.67 billion vs $20.98 billion estimate Shares of Citigroup…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $4.48 a share, according to LSEG Revenue: $44.16 billion, according to LSEG Net interest income: $23.6 billion, according to StreetAccount Trading revenue: Fixed income of $5.2 billion, equities of $3.2 billion, according to StreetAccount JPMorgan Chase will give investors a view into…

It’s that time again. The second-quarter earnings season kicks off this week with 37 companies that are members of the S & P 500 index set to report. Among the most notable companies outlining how they performed in the quarter ended June 30: big banks, led by JPMorgan Chase , the largest in the land, and streaming giant Netflix. Expectations heading into the season are muted as companies navigate an ever-changing tariff landscape. According to FactSet, second-quarter S & P 500 earnings are expected to have grown 4.8% from the same period a year ago. If that’s the case, it…

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines reinstated its 2025 profit outlook Thursday and said it expects a stronger summer travel season than Wall Street anticipated. Bookings have stabilized after a drop in demand earlier this year, CEO Ed Bastian said in an interview, though at lower levels than the airline forecast at the start of the 2025. Delta shares rose 11%. Shares in other airlines, which report results later this month, also rose after Delta’s report.…

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.  The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the region have been targeted by Trump’s so-called reciprocal tariff plan.  Levi’s is currently expecting its full-year adjusted earnings to be between $1.25 to $1.30 per share, up from a prior forecast of between $1.20 and $1.25 and better than the $1.23 analysts had expected, according…

People move through Newark Liberty International Airport following a news conference by Transportation Secretary Sean Duffy at the airport, where he announced the reopening of a major runway at the airport, nearly two weeks ahead of schedule on June 2, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Millions of travelers are expected to fly over the July 4 holiday period, but the outlook for the rest of the year still looks murky as airlines wrestle with too many flights and not enough demand. “The summer is on sale, which certainly implies lower fares,” Southwest Airlines CEO Bob…

Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability. Still, the brewer reiterated its forecast for fiscal 2026, showing confidence that it can hit its financial targets despite the weaker-than-expected quarterly performance and higher duties. Shares of the company fell less than 1% in extended trading on Tuesday evening but rose 3% during morning trading on Wednesday after the company’s conference call. The stock has shed more than 20% of its value this year, fueled by concerns about how the higher duties imposed by…

Tourists and domestic visitors in the West End at Leicester Square outside the Greggs bakery which is known as the Mega Greggs on 28th July 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. high-street baker Greggs, famed for its sausage rolls and hot savoury bakes, warned on Wednesday that sales in June were hit by unusually hot weather in June. Shares of the bakery chain plunged around 15% on Wednesday after the company issued a trading update in which it said unseasonably hot weather in the U.K. had hit customer footfall and dented like-for-like…

Boxes of General Mills cereal are displayed on a grocery store shelf on December 20, 2023 in San Anselmo, California. Justin Sullivan | Getty Images General Mills forecast annual profit below expectations on Wednesday, as weak demand for its refrigerated baked goods and snacks in the U.S. in a tariff-driven, uncertain macroeconomic background weighed on the Pillsbury owner. Economic uncertainty arising from President Donald Trump’s shifting tariff policies has weighed on consumer spending in the U.S., challenging General Mills’ efforts to drum up sales. “We expect the operating environment will remain volatile, with consumers pressured by widespread uncertainty from tariffs,…

AeroVironment stock rocketed 21.6% higher Wednesday as the drone maker beat fourth-quarter expectations on the top and bottom lines. Here’s how the company did compared to analysts’ expectations: Earnings: $1.61 per share adjusted vs. $1.39 per share expected Revenue: $275 million vs. $242 million expected The company reported financial results after market close Tuesday but shares skyrocketed Wednesday morning as CNBC’s Jim Cramer called it “the Palantir of hardware” on “Squawk on the Street.” The company logged record fiscal-year revenue of $820.6 million, up 14% over the prior period. AeroVironment reported net income of $16.66 million for the fourth quarter,…

Nike on Thursday said it expects sales and profit declines to moderate ahead, after the sneaker giant took its biggest financial hit yet from its turnaround plan during its fiscal fourth quarter. While Wall Street’s expectations were low coming into the report, Nike beat estimates on the top and bottom lines. Here’s how the company did for the three-month period ended May 31, compared with estimates from analysts polled by LSEG: Earnings per share: 14 cents per share vs. 13 cents estimated Revenue: $11.10 billion vs. $10.72 billion estimated The company’s reported net income for the quarter was $211 million, or 14…

A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store. Cheng Xin | Getty Images News | Getty Images Swedish clothing giant H&M on Thursday pointed to an uptick in demand to kick-start the summer season, sending shares higher. The world’s second-largest clothing retailer said sales in June were seen increasing 3% in local currencies following a slow start to the year. Shares were up 5.4% by 10:15 a.m. London time, slightly paring earlier gains. The company, whose brands also include Cos, Arket and Weekday, nevertheless…

Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Micron shares rose in extended trading on Wednesday after the chipmaker reported better-than-expected earnings and revenue and issued a forecast that also topped analysts’ estimates. Here’s how the company did in comparison with the LSEG consensus: Earnings per share: $1.91, adjusted vs. $1.60 expected Revenue: $9.3 billion vs. $8.87 billion expected Micron said revenue in the current…

Carnival shares climbed nearly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance. According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analysts’ estimates of 24 cents, according to LSEG. Adjusted revenue came in at a record $6.3 billion compared with the expected $6.2 billion. Net income rose to $565 million, which was a significant increase from $92 million a year ago. CEO Josh Weinstein said on Tuesday’s earnings call with analysts that there was a “strong momentum” across all of the company’s…

A FedEx truck on Cyber Monday in San Francisco, California, US, on Monday, Dec. 2, 2024.  David Paul Morris | Bloomberg | Getty Images FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year. The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release. “Looking ahead, I’m confident that our transformation initiatives, which are focused on integrating our networks and further reducing our cost-to-serve, will…

Shares of Kroger rose more than 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its previous expectations for an increase of between 2% and 3%. Identical sales is an industry-specific metric that takes out one-time factors, such as store openings, closures and renovations. Kroger include stores and delivery sales in regions that have been in operation for five full…

Darden Restaurants on Friday beat Wall Street’s earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal 2026. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.98 adjusted vs. $2.97 expected Revenue: $3.27 billion vs. $3.26 billion expected Darden reported fiscal fourth-quarter net income of $303.8 million, or $2.58 per share, compared with $308.1 million, or $2.58 per share, a year earlier. Excluding costs related to its Chuy’s Tex Mex acquisition, Darden earned $2.98 per share for the three-month period ended…

What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off on the increased tensions overseas. The S & P 500 and Nasdaq Composite tumbled 1.13% and 1.3% on Friday, respectively. Meanwhile, Brent crude futures and West Texas Intermediate crude futures added around 7% and 7.5%, respectively. Gold rose to a two-month high, as well, as…

A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect. The sporting goods giant said it’s expecting earnings per share to be between $13.80 and $14.40 in fiscal 2025 — in line with the $14.29 that analysts had expected, according to LSEG.  It’s projecting revenue to be between $13.6 billion and $13.9 billion, which is also in line with expectations of $13.9 billion,…

Jason Kempin | Getty Images Entertainment | Getty Images Shares of RH jumped more than 15% in extended trading Thursday, as the company stuck by its sales forecast and said it is taking steps to offset higher costs from tariffs. The luxury furniture retailer said it expects full-year revenue to grow by 10% to 13%. Here’s how the company did for the three-month period that ended May 3, compared with Wall Street’s estimates, according to a survey of analysts by LSEG: Earnings per share: 13 cents adjusted vs. a loss of 9 cents expected Revenue: $814 million vs. $818 expected…

Larry Ellison, Oracle’s co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other topics. Andrew Harnik | Getty Images News | Getty Images Oracle shares soared 13% on Thursday to a record close,…

Wall Street analysts are optimistic heading into Oracle’s earnings release Wednesday after the bell. The cloud company is expected to earn $1.64 per share on revenue of $15.59 billion, LSEG said. Shares of the tech company have gained more than 7% this year. However, the highest price target on the Street suggests the stock could rise 13% from Tuesday’s close of $177.48. Most analysts have pointed to its Oracle Cloud Infrastructure, or OCI, business as a key asset in its portfolio. Strong bookings from OCI customers could continue to boost the company’s fundamentals. Here’s what analysts had to say heading…

From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle’s co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025. Anna Moneymaker | Getty Images News | Getty Images Oracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth is accelerating. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.70 adjusted vs. $1.64 expected Revenue: $15.9…

The Zara lettering can be seen on the façade above the entrance to a branch of the fashion brand in the city center of Nuremberg (Bavaria) on March 6, 2025. Picture Alliance | Getty Images Shares of Zara owner Inditex fell on Wednesday after it posted weaker-than-expected quarterly sales and flagged a slower start to the summer season than last year amid broader economic uncertainty. The Spanish retailer reported revenues of 8.27 billion euros ($9.44 billion) in the fiscal first quarter covering Feb. 1 to April 30, slightly shy of the 8.39 billion euros forecast by LSEG analysts. Net income came in at 1.3…

OpenAI CEO Sam Altman appears on screen during a talk with Microsoft Chair and CEO Satya Nadella at the Microsoft Build 2025 conference in Seattle on May 19, 2025. Jason Redmond | AFP | Getty Images OpenAI has hit $10 billion in annual recurring revenue, or ARR, less than three years after launching its popular ChatGPT chatbot. The figure includes sales from the company’s consumer products; ChatGPT business products; and its application programming interface, or API. It excludes licensing revenue from Microsoft and large one-time deals, according to an OpenAI spokesperson. For all of last year, OpenAI had around $5.5…

Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to offset tariffs. 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 now expects adjusted earnings per share of $1.60 to $2, down from its previous forecast of $2.05 to $2.25. It reaffirmed its full-year sales guidance of between $21 billion and…

Shares of Abercrombie & Fitch soared Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million.  The company is now expecting full-year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40. Analysts were expecting earnings of $10.33 a share, according to LSEG.  Abercrombie also cut its operating margin forecast, another closely watched metric by investors. It’s now expecting its operating margin to be between 12.5% and 13.5%, down from a previous range of between 14% to 15%.  The…

Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact of tariffs and weak discretionary spending on alcohol. “While our results did not meet our long-term growth aspirations, we made important progress in an exceptionally challenging macroeconomic environment,” CEO Lawson Whiting said in the company’s earnings release. Here’s how the company performed for its fiscal…

Wall Street’s focus will turn to inflation after the S & P 500 posted another winning week, which ended on a high note thanks to a better-than-feared jobs report. The week ahead is quiet on the earnings front, with no Club holdings set to report. Events hosted by Club names Apple , Nvidia and BlackRock are on our radar, though. Still looming over everything are tariffs — and the next round of trade talks between the U.S. and China on Monday. What we want there is pretty straightforward: Anything that gives businesses and consumers alike more clarity on what the…

This satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, on June 15, 2024. Planet Labs PBC via AP Shares of satellite imagery company Planet Labs soared more than 50% during Thursday’s trading session on the back of its strong first-quarter earnings report. The company on Wednesday posted its first-ever quarter of positive free cash flow, coming in at $8.0 million. Planet Labs also exceeded quarterly estimates on top and bottom lines, reporting record revenue for the period. Stock Chart IconStock chart icon Planet Labs’ performance over the…

A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Broadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share: $1.58 adjusted versus $1.56 expected Revenue: $15 billion versus $14.99 billion expected Broadcom said it expects about $15.8 billion in third-quarter revenue, versus $15.7 billion expected by Wall Street analysts. Revenue in the latest quarter rose 20% on an annual basis. The company said net…

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.” As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that “we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us.” He said on a conference call with analysts that he is “not happy” with U.S. growth and said U.S. consumers are being cautious and intentional about their buying decisions. Chief Financial Officer…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks surged Friday following better-than-expected labor data. Nonfarm payrolls rose 139,000 in May, above the Dow Jones estimate of 125,000. The S & P 500 jumped more than 1% in early trading as a result, reaching levels not seen since late February. It’s great news, given U.S. corporations have been bracing against the impact of tariffs and the potential of a weakening economy. “Sometimes you get an employment number that really threads the…

Broadcom on Thursday night reported strong quarterly results and offered upbeat comments on the expected growth of its key artificial intelligence business. While profit-takers are pushing the stock down in extended trading, there is little cause for concern. Revenue in Broadcom’s fiscal 2025 second quarter increased 20% year over year to $15 billion, slightly ahead of the consensus forecast of $14.99 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 44% from the year-ago period to $1.58, also outpacing expectations of $1.56, LSEG data showed. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 35% year…

Dev Ittycheria, CEO of MongoDB. Adam Jeffery | CNBC MongoDB shares closed up nearly 13% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service. Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached $1.00, surpassing the 66 cents per share projected by analysts. “We are confident in our position to drive profitable growth as we benefit from this next wave of application development,”…

George Kurtz, CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California, on March 4, 2020. Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike shares fell about 5% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast. Here’s how the company did against LSEG consensus: Earnings per share: 73 cents adjusted vs. 65 cents expected Revenue: $1.10 billion vs. $1.10 billion expected Revenue increased nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or…

George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019.  Michael Short | Bloomberg | Getty Images Shares of CrowdStrike slumped nearly 6% on Wednesday after the cybersecurity company issued lackluster revenue guidance for the current quarter. The security software maker said it expects revenue to range between $1.14 billion and $1.15 billion this quarter, falling short of the $1.16 billion estimate from analysts polled by LSEG. CrowdStrike called for adjusted earnings per share between 82 cents and 84 cents for the quarter, versus an LSEG estimate of adjusted…

CrowdStrike on Tuesday evening reported quarterly beats on many of the key metrics that investors focus on. However, it also delivered mixed guidance. As a result, we’re not surprised to see some profit-taking in after-hours trading, following Tuesday’s record-high close of nearly $489 per share. Revenue in the fiscal 2026 first quarter increased 20% year over year to $1.1 billion, landing right in line with estimates, according to LSEG. Growth was seen in all major geographic regions. Adjusted earnings per share (EPS) declined 8% annually to 73-cents in the three months ended April 30, but that was ahead of the…

Sopa Images | Lightrocket | Getty Images HP reported second-quarter results that beat analysts’ estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump’s sweeping tariffs. Shares sank 15% after the report. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 71 cents adjusted vs. 80 cents expected Revenue: $13.22 billion vs. $13.14 billion expected Revenue for the quarter increased 3.3% from $12.8 billion in the same period last year. HP reported net income of $406 million, or 42 cents per share, down from $607 million, or 61 cents per share, a…

Nvidia shares jumped in extended trading Wednesday evening after the AI chipmaker reported better-than-expected quarterly revenue and earnings. It also provided an upbeat view of its current second quarter despite restrictions on what it can sell to China. Revenue in its fiscal 2026 first quarter increased 69% year over year to $44.06 billion, beating the $43.31 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share increased 57% year over year to 96 cents in the three-month period ended April 27, exceeding the consensus of 93 cents, LSEG data showed. Both EPS…

Salesforce on Wednesday reported better-than-expected quarterly results and provided guidance that, on its face, seemed strong. But the market response was muted, as investors discovered what was really driving the improved outlook. Revenue in its fiscal 2026 first quarter rose 8% year over year to $9.83 billion, topping expectations of $9.75 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended April 30 totaled $2.58, beating the consensus estimate by 4 cents, LSEG data showed. On a year-over-year basis, adjusted EPS was up 6%. Salesforce’s stock was volatile in extended trading Wednesday night, initially jumping about…

Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England.  Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare.  The acquisition – E.l.f.’s biggest ever, according to FactSet – is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected…

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce shares slumped about 3% despite topping Wall Street’s fiscal first-quarter estimates and lifting its full-year guidance due to artificial intelligence tailwinds. The sales and customer service software giant said it now expects $11.27 to $11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue for the fiscal year. That’s up from previous guidance that called for adjusted EPS between $11.09 and $11.17 and $40.5 billion to $40.9 billion in…

American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic uncertainty. “The first quarter was a challenging period for our business,” CEO Jay Schottenstein said in a release. “While we are disappointed with the results, we are taking actions to better position the company and drive stronger performance in the upcoming quarters. Our brands remain resilient. The team is executing with urgency as we look to strengthen both the topline and profit flow-through.” The Pittsburgh retailer’s…

People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | Reuters New tariffs could impact Gap‘s business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings.  Shares fell more than 15% in after-hours trading. In a news release, Gap said new 30% duties on imports from China and a 10% levy on imports from most other countries will cost the company between $250 million and $300 million without mitigation efforts. For now, it’s leaving that impact out of its guidance.  Gap…

The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Shares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8% year-over-year sales gains. Unlike many retailers, Costco does not provide an annual outlook. Yet the company’s leaders said on an earnings call that tariffs have brought higher costs and other challenges, forcing Costco to tweak its supply chain and in certain cases, raise prices. Here’s how the warehouse club retailer did in its fiscal third…

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Zscaler shares jumped 9% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform. “The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release. “We empower customers to securely adopt both public GenAI apps and their own private AI apps, and we are increasing our investments in this area.” The cloud security software company said revenues grew…

Costco on Thursday returned to its old ways of delivering earnings beats. Despite concerns about a tariff-driven hit to margins, the retailer’s better-than-expected results showed it is prepared to handle whatever challenges it may face. Total revenue in its third quarter of fiscal year 2025 increased 8% year over year to $63.2 billion, topping Wall Street expectations of $63.19 billion, according to estimates compiled by LSEG. Earnings per share (EPS) in the 12 weeks ended May 11 came in at $4.28, beating the consensus of $4.24, LSEG data showed. Shares of Costco were slightly lower in extended trading Thursday, along…

Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to $42.2 billion. It said it expects adjusted earnings per share to range from $6.15 to $6.30, which compares with prior guidance of $6.20 to $6.60. Best Buy already increased prices on some items to blunt the costs from tariffs, with changes taking effect by mid-May,…

Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company performed relative to LSEG consensus: Earnings per share: $2.58 adjusted vs. $2.54 expected Revenue: $9.83 billion vs. $9.75 billion expected Salesforce’s revenue grew 7.6% year over year in the quarter, which ended on April 30, according to a statement. Net income of $1.54 billion, or $1.59 per share, was basically flat compared with $1.53 billion, or $1.56 per share, a year ago. President Donald Trump announced sweeping tariffs on goods imported into…

Jensen Huang, co-founder and CEO of Nvidia, speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia reports fiscal first-quarter earnings on Wednesday after the bell. Here’s what Wall Street is expecting, per LSEG: Earnings per share: 93 cents adjusted Revenue: $43.31 billion Wall Street is expecting the artificial intelligence chip giant to guide for 99 cents in adjusted earnings per share on $45.9 billion of sales in the July quarter. Nvidia continues to see massive growth from its sales of graphics processors, with demand for the company’s AI chips showing…

Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019. Michael Short | Bloomberg | Getty Images Okta reported better-than-expected earnings and revenue on Tuesday but maintained its guidance as the identity management software vendor grapples with an uncertain economic backdrop. The stock plunged 11% in extended trading. Here’s how the company did compared to LSEG estimates: EPS: 86 cents adjusted vs. 77 cents expected Revenue: $688 million vs. $680 million expected Revenue in the fiscal first quarter rose 12% from $617 million a year ago. Subscription revenue increased…

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 is different heading into Wednesday’s earnings report than it’s been in recent quarters. There’s one big reason why: China. On April 9, the Trump administration sent Nvidia a letter, and said it was requiring an export license for the company’s H20 chip, a version of…

President Donald Trump last week increased the pressure on Apple over foreign-made iPhones in a scathing social media post that also intensified the overall stock market sell-off. In the week ahead, another great American tech giant — Club name Nvidia — will be in the spotlight. Following trade optimism the prior week, the S & P 500 went right back into the soup, with a weekly drop of 2.6%. The Nasdaq fell nearly 2.5% last week. Both of those weekly drops were the worst in more than a month. Apple was our worst-performing stock of the week, down almost 7.6%.…

Home Depot on Tuesday stuck by its full-year sales forecast as a top executive told CNBC the retailer doesn’t plan to hike prices because of tariffs. “Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio,” Chief Financial Officer Richard McPhail told CNBC in an interview. More than half of what the company sells comes from the U.S., he said. McPhail added that Home Depot and its suppliers have worked to diversify the source of the…

Palo Alto Networks shares fell Tuesday evening despite reporting better-than-expected earnings and revenue for its April quarter. We’ve seen the stock drop on earnings reports before due to lofty investor expectations, before ultimately recovering. This time may not be any different. Revenue in the cybersecurity company’s fiscal 2025 third quarter increased 15% year over year to $2.29 billion, exceeding the Wall Street consensus estimate of $2.28 billion, according to LSEG. Adjusted earnings per share (EPS) increased 21% to 80 cents in the quarter, ahead of the 77-cent LSEG consensus estimate. PANW YTD mountain Palo Alto’s year-to-date stock performance. Bottom line…

Florida, Port St Lucie: TJMaxx, a cashier with a customer at check out. Jeff Greenberg | Universal Images Group | Getty Images TJX Cos maintained its annual forecasts on Wednesday and flagged an impact from U.S. tariffs, while resilient consumer demand for off-price goods amid an uncertain economy drove a quarterly sales beat for the TJ Maxx parent. Fears of a potential recession and accelerating inflation triggered by tit-for-tat tariffs imposed by countries across the globe have pushed shoppers toward discount retailers as they rethink their spending patterns to save more money. Investors and analysts have said off-price retailers such…

Lowe’s on Wednesday stood by its full-year forecast, as growing sales among home professionals helped offset slower demand from do-it-yourself customers. The home improvement retailer came in just shy of Wall Street’s expectations for quarterly sales, but beat earnings estimates. In the company’s news release, CEO Marvin Ellison said investments in its stores, technology and customer service have helped the retailer get through “near-term uncertainty and housing market headwinds.” Home improvement demand has been in a sluggish stretch as high interest rates and slower housing turnover ding U.S. consumers’ appetite to spend on pricier projects. With its outlook, Lowe’s predicted…

Shares of Canada Goose rose nearly 20% on Wednesday after the company reported fiscal fourth-quarter earnings that beat analysts’ estimates, though it pulled its fiscal 2026 outlook due to “macroeconomic uncertainty.” The stock climbed as much as 28% in earlier trading. The luxury retailer said it will not be providing a financial outlook for fiscal 2026 due to the uncertainty, citing “dynamic consumer spending patterns brought on by the unpredictable global trade environment.” Nonetheless, Canada Goose said it “remains confident in the strength of the brand, the Company’s solid financial position, and its ability to adapt to changing conditions.” Here’s…

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Snowflake raised its fiscal 2026 forecast for product revenue on Wednesday, betting on strong demand for its data analytics services as enterprises prioritize artificial intelligence spending. The company’s shares rose 6% to $190.09 in extended trading after it topped first-quarter results estimates and forecast current-quarter revenue above expectations. Snowflake’s stock has risen 16% so far this year. Snowflake’s push to integrate artificial intelligence into its cloud through partnerships with OpenAI and Anthropic allows customers to build and run more advanced AI models to streamline large swathes of data. The company…

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. $7.56 billion expected Revenue in the fiscal third quarter increased 15% from $6.7 billion a year ago. Intuit is best known for its TurboTax and QuickBooks software. The latest quarter ended on April 30, two weeks after the deadline for filing tax returns in the…

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 first quarter of 2026 jumped 26% to $1.04 billion from $828.7 million a year earlier, and topped the $1.01 billion average LSEG estimate. It’s the first time the company, which went public in 2020, has recorded more than $1 billion in sales in a quarter.…

An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. The stock had pared gains to rise 5.23% at 12:44 p.m. London time. Here’s how Xpeng did in the first quarter versus LSEG estimates: Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected. Net loss: 660 million yuan, versus a…

TJX Companies on Wednesday reported a respectable set of first-quarter numbers and managed to leave its full-year guidance unchanged despite the evolving tariff picture. The stock’s decline in response to the earnings report is a gift to investors. Revenue in the three months ended May 3 rose 5.1% on annual basis to $13.11 billion, exceeding the consensus estimate of $13.03 billion, according to LSEG. Earnings per share (EPS) in the period totaled 92 cents, beating expectations by a penny, LSEG data showed. Compared with the year-ago period, EPS declined by 1.1%. Same-store sales grew 3% across the company in the…

A view of a Target store on March 5, 2025 in Novato, California. Justin Sullivan | Getty Images Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here’s what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG: Earnings per share: $1.64 expected Revenue: $24.32 billion expected Target’s earnings report will follow updates from other retailers, including Walmart and Home Depot. Both of the big-box retailers reaffirmed their full-year outlooks when reporting quarterly earnings. Yet the two companies diverged with how they will…

Home Depot on Tuesday reported mixed quarterly results, but checked a number of other crucial boxes for investors — and that was enough for shares to buck the broader market decline in the session. Revenue in the company’s fiscal 2025 first quarter rose 9.4% year over year to $39.86 billion, beating expectations of $39.31 billion, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended in April totaled $3.56, missing the consensus of $3.60, LSEG data showed. Comparable store sales dropped 0.3%, compared with expectations for a 0.1% decline, according to FactSet. Shares of…

Disney shares surged Wednesday on a strong quarter and positive guidance. The cherry on top was plans for a new theme park in the United Arab Emirates, a sign of long-term confidence in its profit engine. Revenue in the three months ended March 29 increased 7% year over year to $23.62 billion, topping expectations of $23.14 billion, according to LSEG. Adjusted earnings per share in the fiscal 2025 second quarter totaled $1.45, beating expectations of $1.20. On an annual basis, adjusted EPS jumped 20%. DIS YTD mountain Disney YTD Shares of Disney added more than 11% on pace for their…

Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering. The Swedish payments startup said its net loss for the first three months of 2025 totaled $99 million — significantly worse than the $47 million loss it reported a year ago. Klarna said this was due to several one-off costs related to depreciation, share-based payments and restructuring. Revenues…

Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA’s college basketball tournament weighed on overall first-quarter results for FanDuel’s parent company.  The global sports and online gambling platform reported first-quarter adjusted earnings per share of $1.59, missing Wall Street consensus of $1.89 per share, according to LSEG. Revenue for the period also missed Wall Street expectations, at $3.67 billion versus LSEG estimates of $3.84 billion. The company lowered its full-year U.S. guidance as a result of the unfavorable sports results, but raised its outlook for global performance based on currency adjustments and international acquisitions. Jackson said he anticipates…

Cisco reported earnings and revenue that topped analysts’ estimates on Wednesday and issued guidance that also exceeded Wall Street’s predictions. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 96 cents adjusted vs. 92 cents expected Revenue: $14.15 billion vs. $14.08 billion expected Revenue increased 11% during the quarter, which ended on April 26, from $12.7 billion a year earlier, according to a statement. Net income rose to $2.49 billion, or 62 cents per share, from $1.89 billion, or 46 cents per share, a year ago. The macroeconomic environment is uncertain, CEO Chuck Robbins said on a conference…

Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors. Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s latest “Assassin’s Creed” game did little to boost its full-year sales. “Assassin’s Creed: Shadows” was released in March following two consecutive delays. Ubisoft cited “lower than expected partnerships” for the decline in net bookings, which totalled 1.85 billion euros ($2.1 billion). The company also reported…

Artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company’s first earnings release since going public. CoreWeave also called for faster growth than expected for this year. Here’s how CoreWeave did in comparison with LSEG consensus: Earnings per share: Loss of $1.49 Revenue: $981.6 million vs. $853 million expected Revenue soared 420% in the quarter, which ended on March 31, from $188.7 million a year ago, according to a statement. That compares with 737% growth for all of 2024. The stock initially popped after the numbers hit, but reversed course and ended up down about 5% in…

Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting same-store sales growth of 10.3%. “When we look at our consumers in the quarter, we saw an increase in premium attachment on higher priced items, like our pita chips or amazing housemade juices. We also saw that our per person average continued to…

A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont. Bloomberg | Getty Images Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty. Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange rates to 5.17 billion euros ($5.79 billion) in the three months to the end of March, above the 4.98 billion euros forecast by analysts in an LSEG poll. Shares closed up 6.9%. London time to trade at the top of the Stoxx 600. The fourth-quarter sales bump…

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares fell 7.6% on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line. Here’s how Alibaba did in its fiscal fourth quarter ended March versus LSEG estimates: Revenue: 236.5 billion Chinese yuan ($32.6 Billion), versus 237.2 billion yuan expected Net income: 12.4 billion yuan, compared with 24.7 billion yuan expected. While falling short of analyst expectations, revenue was nevertheless up 7% year on year. Alibaba’s net income…

Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025. Brendan McDermid | Reuters CoreWeave shares jumped more than 5% Thursday as the renter of artificial intelligence servers posted strong revenues and CEO Michael Intrator reinforced the company’s plans to spend on growth. In its first earnings report since its market debut in March, CoreWeave said it expects capex of $20 billion to $23 billion for the year, topping a $4.61 billion estimate for the year from analysts surveyed by LSEG. The…

People shop at a Walmart in Rosemead, California, on April 11, 2025.  Frederic J. Brown | Afp | Getty Images Walmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of higher tariffs on the retail industry. Here’s what Wall Street is expecting for the fiscal first quarter, according to a survey of analysts by LSEG: Earnings per share: 58 cents Revenue: $165.88 billion Walmart has advantages that could help it weather an uncertain economy. As the nation’s largest grocer, it sells food and necessities…

SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters Softbank’s Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm. SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year, a 40% fall from the 724.3 billion yen booked in the previous year. In its fiscal fourth quarter — the three months ended March —…

Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yen Operating profit: 73.5 billion yen vs. 275.52 billion yen Honda’s fourth quarter ends March 31. Stock Chart IconStock chart icon For its financial year ended in March, revenue came in at 21.69 trillion yen, compared with the…

An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California.  Mario Tama | Getty Images Germany’s biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to the recent Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said Tuesday that it anticipated all claims attributable to the wildfires will total around 1.1 billion euros. Meanwhile, Hannover Re, the world’s third largest reinsurer, said its largest net individual loss amounted to 631.4 million euros on the back of the wildfires. Combined, the two companies’ wildfire costs…

Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company’s logo on it, during an event in which Malaysia’s Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala Lumpur, Malaysia March 5, 2025. Hasnoor Hussain | Reuters Arm shares dropped more than 8% in extended trading on Wednesday after the chip-design company issued weaker-than-expected guidance for the current quarter. Here’s how the company did in the fiscal fourth quarter compared with LSEG consensus: Earnings per share: 55 cents, adjusted vs. 52 cents expected Revenue: $1.24 billion…

The Maersk Alfirk, left, and Colorado Express container ships docked at the Port of Los Angeles in Los Angeles, California, US, on Thursday, April 24, 2025. Bloomberg | Bloomberg | Getty Images Danish shipping giant Maersk on Thursday posted stronger-than-expected first-quarter operating profit but warned that the current level of U.S.-China trade tariffs could restrict global container market volumes. The company, widely regarded as a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion for the first three months of the year. That’s up 70% from $1.59 billion over the same…

Nintendo said Thursday that it expects to sell 15 million units of its new Switch 2 console in the fiscal year ending March 2026. It is the first forecast for sales from the Japanese gaming giant since it announced the successor to its successful Switch device, which is due to go on sale in June. Nintendo also reported results for its fiscal fourth quarter and full year. Here’s how Nintendo did in its fiscal fourth quarter ended Mar. 31 versus LSEG estimates: Revenue: 208.7 billion Japanese yen ($1.45 billion), compared with 216.16 billion yen expected. Net profit: 41.6 billion yen, versus…

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.  Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same period last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first…

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie Garcia loosely addressed potential impacts of tariffs on the business, saying the company experienced “little gyrations” of demand that have since leveled off. He downplayed the idea that the levies would have any material impact on its business that the company can’t handle. “I don’t…