Restaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined. But the restaurant company is seeing sales turn around already. “As we come into [the second quarter], that momentum has improved meaningfully, so we’re seeing some better absolute results as we get into the second quarter that give us confidence in how we’re going to navigate the rest of the year,” CEO Josh Kobza told CNBC. Shares of the company rose more than 1% in morning trading. Here’s what Restaurant Brands reported compared with what Wall Street…

A smartphone with the Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this photo taken June 8, 2023. Dado Ruvic | Reuters Coinbase shares fell as first-quarter revenue came in shy of Wall Street’s expectations, despite the growth in stablecoin revenue. In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share, down from $1.18 billion, or $4.40 a share a year ago. Excluding the impact of crypto investments, Coinbase’s adjusted earnings were $527 million, or $1.94 per share. Revenue rose to $2.03 billion from $1.64 billion a year ago, but was…

Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Kylie Cooper | Reuters Lyft shares climbed 23% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross bookings. During an interview with CNBC’s “Squawk Box,” CEO David Risher said that Lyft isn’t seeing “anything to worry about” despite widespread concerns of a slowing consumer amid ongoing economic uncertainty. “Our team is stronger than it’s ever been, and the consumer demand is absolutely there,” he said. Gross bookings grew 13% from a year ago to $4.16 billion, slightly beating a…

Texas Roadhouse on Thursday evening reported a disappointing first quarter, with inclement weather dragging down comparable store sales. However, early signs of a stronger second quarter were giving investors hope, nudging the stock modestly higher in after-hours trading. Revenue in the quarter ended April 1 increased 9.6% year over year to $1.45 billion, exceeding the LSEG-complied Wall Street consensus estimate of $1.44 billion. Earnings per share increased 1% to $1.70, missing the $1.76 expected. TXRH YTD mountain Texas Roadhouse YTD Bottom Line Once again, the Texas Roadhouse results were a tale of two halves. The company entered 2025 with tons…

Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the second quarter, suspending a nationwide rollout. As of March 30, more than 2,400 of the burger chain’s roughly 13,500 domestic locations carried Krispy Kreme doughnuts. “I remain confident in the long-term national opportunity, but we need to work together with them to identify levers…

Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business. Here’s how the company did compared to LSEG consensus estimates: Earnings: $1.67 per share vs $1.45 per share expected Revenue: $1.48 billion vs $1.38 billion expected AppLovin also agreed on Wednesday to sell its mobile gaming business to Tripledot Studios in a deal worth $400 million in cash considerations. The advertising tech company will also obtain a roughly 20% ownership stake in…

Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. The company’s shares fell about 5% following the report. Here’s how Uber did versus analysts’ estimates compiled by LSEG: Earnings per share: 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue at the ride-hailing company grew about 14% in the first three months of 2025, up from $10.13 billion during the same period in 2024. Uber also reported net income of around $1.78 billion or 83 cents per share, for the first quarter, up from a net loss…

Daytime fireworks launch over Cinderella Castle during a performance of “Mickey’s Magical Friendship Faire” in the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images) Orlando Sentinel | Tribune News Service | Getty Images Disney will report its fiscal second-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger’s successor. Here is what Wall Street expects Disney to report…

Coterra Energy is cutting back on its oil drilling in response to sagging crude prices and spending more on natural gas production — but that move, announced alongside first-quarter results, is being overshadowed by some operational concerns and leading to a stock sell-off Tuesday. Revenue in the first quarter increased 33% year over year to $1.9 billion, short of the $1.97 billion consensus estimate, according to LSEG. Adjusted earnings per share of 80 cents in the three months ended March 31 matched expectations, LSEG data showed. On an annual basis, adjusted EPS increased 56.9%. Free cash flow of $663 million…

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Palantir boosted its revenue guidance Monday and reported earnings that met expectations as the artificial intelligence software company saw its shares fall about 9% after the bell. Here’s how the company did compared with LSEG consensus estimates: Earnings per share: 13 cents adjusted vs. 13 cents expected Revenue: $884 million vs. $863 million expected “We are delivering the operating system for the modern enterprise in the era of AI,” CEO Alex…

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT – Ford Motor is set to report its first-quarter earnings after the markets close Monday, but investor focus is expected to be more on the automaker’s 2025 guidance and impact of President Donald Trump’s ongoing auto tariffs than on the quarterly results. The tariffs, including 25% levies on imported vehicles and many parts, have created growing uncertainty for the automotive industry. The instability has caused Wall Street analysts to downgrade many automotive stocks, including Ford. Here’s what Wall Street…

Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO and Benchmark — to downgrade the stock overnight. Many flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that may weigh on monetization. “Stagnation in the number of active users of the app is even more concerning than users’ reduced spending,” Benchmark wrote…

Could the rallying S & P 500 go for 10 in a row? The S & P 500 on Friday extended its winning streak to nine straight sessions. That incredible run, not seen for 20 years, wiped out all the losses since President Donald Trump announced his “reciprocal” tariffs on April 2. Stocks soared Friday on a strong jobs report and signs that trade negotiations are progressing . For the week, the S & P 500 gained nearly 3%, while the Dow rose 3% and the Nasdaq advanced 3.4%. .SPX .IXIC,.DJI mountain 2025-04-28 S & P 500, Nasdaq, Dow since…

Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 56 cents adjusted. That figure may not be comparable to estimates. Revenue: $5.77 billion vs. $6.2 billion expected Revenue decreased about 3% from $5.96 billion a year earlier. Gross profit rose 9% to $2.29 billion from $2.09 billion a year earlier. That missed analysts’ forecasts of $2.32 billion for the quarter. Block provided weaker-than-expected profit guidance for the second quarter and…

(Follow along with our full coverage of Berkshire Hathaway’s annual meeting here. Warren Buffett begins talking at 9 a.m. ET.) Warren Buffett’s Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier period. The conglomerate, which owns a vast array of insurance, transportation, energy, retail and other businesses also warned that tariffs may further hit profits. Operating earnings, which include the conglomerate’s fully owned insurance and railroad businesses, fell 14% to $9.64 billion during the first three months of the year. In the first quarter of 2024, they totaled $11.22 billion. On…

In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast for the year. Block, meanwhile, plummeted in extended trading on Thursday after the Cash App parent missed on revenue and issued disappointing guidance. Venmo and Cash App are simultaneously competing to gobble up more consumers for their peer-to-peer offerings while also adding services like debit, credit and transfer services so they can actually make money from those users.…

Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit. U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market. The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter. Chevron, however, is maintaining its overall guidance of $10 billion to $20 billion…

Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Friday beat first-quarter profit expectations on the back of strong growth in its wealth management, global markets, and global banking businesses. The bank’s reported profit before taxation for the three months ended in March was $2.103 billion, up from $1.91 billion in the same period a year ago. Here are Standard Chartered’s first-quarter 2025 results compared with consensus estimates compiled by the bank. Profit before tax: $2.103 billion vs. $1.905 billion Underlying net interest income (NII): $2.796 billion vs. $2.796 billion “We delivered a…

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta Platforms shares jumped more than 5% Thursday after the company topped earnings expectations and showed advertising resilience in a murky macroeconomic environment. “Key here is that Meta’s adv. demand trends appear to be relatively healthy and while we’re watching for any impacts from macro and lower spend from China-based advertisers given the de minimis change, Meta’s scale of users and advertisers + focus on newer products are offsetting some…

The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.66 expected Revenue: $6.09 billion expected The fast-food giant, often considered a consumer bellwether, has seen rocky sales in recent quarters, particularly in its home market. Analysts are expecting the second straight quarter of U.S. same-store sales declines for McDonald’s, as an an E. coli outbreak in October and more cautious consumer weigh on demand.…

Gabby Jones | Bloomberg | Getty Images Etsy shares plunged on Wednesday after the company posted mixed results for the first quarter. Here’s how the company did: Earnings per share: 46 cents per share adjusted vs. 49 cents expected by LSEG Revenue: $651.2 million vs. $643 million expected by LSEG Shares of Etsy tumbled more than 9% in afternoon trading, as stocks fell broadly after new economic data showed a contraction of 0.3%. The data spurred fears the economy was headed toward a recession from President Donald Trump’s abrupt policy shifts, primarily around trade. The e-commerce company reported a net…

An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global car industry. Europe’s biggest carmaker reported operating profit of 2.9 billion euros ($3.3 billion) for the first three months of the year, down 37% from the same period last year. Volkswagen reported first-quarter sales revenue of 77.6 billion euros, up 2.8% from the first quarter…

Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of 1.9 billion kronor, down from 4.7 billion kronor in the same period last year. Its margin on earnings before interest and taxes (EBIT) narrowed to 2.3% from 5% a year earlier, while revenue fell to 82.9 billion kronor in the first quarter, down from 93.9 billion…

A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023.  Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit as lenders in Europe’s largest economy navigate broader market turbulence instigated by U.S. tariff policies. Net profit attributable to shareholders reached 1.775 billion euros ($2.019 billion) in the first quarter, up 39% year-on-year and above analyst expectations of around 1.64 billion euros, according to a Reuters poll. The bank reported profit of 106 million euros for the December quarter. Revenues reached 8.524…

FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021.  Dado Ruvic | Reuters PayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports. Markets broadly have been jittery to start the year due largely to concerns about President Donald Trump’s sweeping tariffs and the prospect of higher import costs leading to rising unemployment and reduced consumer spending. Specific to e-commerce, there’s the end of de minimis trade exemptions for Chinese imports, effective May 2.…

Shares of Club name Dover climbed higher Thursday after the industrial conglomerate reported mixed first-quarter results. Although the company lowered its full-year outlook, the market quickly caught on to management’s conservatism, allowing the stock to rally. Revenue in the first quarter dipped 1% year over year to $1.86 billion, slightly missing the $1.88 billion consensus, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended March 31 totaled $2.05, outpacing expectations of $1.98 per share, LSEG data showed. The stock climbed nearly 2% in late afternoon trading Thursday. Shares are still down sharply from…

The busiest week of the earnings season is here, as investors look to some of the biggest companies in the world for guidance on how the global trade could impact their bottom lines. More than 160 S & P 500 members are slated to report, including Apple, Meta Platforms and Microsoft. Around 180 companies have posted their results, including Google-parent Alphabet. The company exceeded earnings and revenue expectations, sending shares higher by more than 1% on Friday. Overall, about 74% of S & P 500 names have beaten earnings expectations, per FactSet. Take a look at CNBC Pro’s breakdown of…

Comcast on Thursday outlined changes to its broadband strategy as the business continues to shed customers in the face of heightened competition. The discussion came amid the company’s first-quarter earnings call with investors. Despite the customers losses, Comcast’s earnings surpassed analysts’ expectations. Comcast shares closed down nearly 4% Thursday. Here is how Comcast performed for the period ended March 31, compared with estimates from analysts surveyed by LSEG: Earnings per share: $1.09 adjusted vs. 98 cents expected Revenue: $29.89 billion vs. $29.77 billion expected While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total domestic broadband customers, reflecting…

Intel Corporation’s headquarters in Santa Clara, California, April 23, 2025. David Paul Morris | Bloomberg | Getty Images Intel reported first-quarter results Thursday that beat analysts’ estimates, while issuing disappointing guidance and announcing plans to slash expenses in the coming year, the first under CEO Lip-Bu Tan. The stock fell in extended trading. Here’s how the company did, versus LSEG consensus estimates: Earnings per share: 13 cents adjusted vs. 1 cent expected Revenue: $12.67 billion vs. $12.3 billion expected Intel said it expects revenue for the current quarter of $11.8 billion at the midpoint of the range, lower than the…

An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected bookings. Alaska said bookings have stabilized but forecast a six-percentage-point headwind due to “softer demand.” The carrier, which merged with Hawaiian Airlines last year, said it expects second-quarter unit revenue to be flat to down as much as 6% over a year ago and anticipates adjusted earnings per…

Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet‘s stock gained 2% on Friday after signaling strong growth in its search and advertising businesses amid a competitive artificial intelligence environment and uncertain macro backdrop. “GOOGL’s pace of GenAI product roll-out is accelerating with multiple encouraging signals,” wrote Morgan Stanley’s Brian Nowak. “Macro uncertainty still exists but we remain [overweight] given GOOGL’s still strong relative position and improving pace of GenAI enabled product roll-out.” The search giant posted earnings of $2.81 per share…

Alphabet, the parent company of Google and YouTube, reported stronger-than-expected first-quarter growth on Thursday after the bell. Shares rose more than 5% in after-hours trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Revenue: $90.23 billion vs. $89.12 billion expected Earnings per share: $2.81 vs. $2.01 expected Wall Street is also watching several other numbers in the report: YouTube advertising revenue: $8.93 billion vs. $8.97 billion, according to StreetAccount Google Cloud revenue: $12.26 billion vs. $12.27 billion, according to StreetAccount Traffic acquisition costs (TAC): $13.75 billion vs. $13.66 billion, according to StreetAccount Alphabet’s search and advertising units are still showing…

Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023. Brendan Mcdermid | Reuters ServiceNow shares surged 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment. The enterprise technology company posted adjusted earnings of $4.04 per share on $3.09 billion in revenue. That topped a consensus estimate of $3.83 in earnings per share and $3.08 billion in sales, according to LSEG. Revenues grew about 19% from a year ago. ServiceNow reported net income of $460 million, or $2.20 per share. That…

IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday. Here’s how the company performed: Earnings per share: $1.60 adjusted vs. $1.40 expected Revenue: $14.54 billion vs. $14.4 billion expected Revenue increased 0.6% in the quarter from $14.5 billion a year earlier, according to a statement. Net income slid to $1.06 billion, or $1.12 per share, from $1.61 billion, or $1.72 per share, in the same quarter a year ago. The company accelerated productivity efforts, Jim Kavanaugh, its finance chief, said on a conference call with analysts. For 2025, IBM reiterated its expectation for $13.5 billion in free…

Elon Musk tried to rally Tesla bulls Tuesday, brushing off a weak first-quarter earnings report and touting a future of “sustainable abundance.” Tesla missed expectations on the top and bottom lines and reported a 71% plunge in net income from the year prior. His comments came as the electric vehicle maker faces a turbulent year, with shares down nearly 40%, European market share slumping along with deliveries — and the brand under siege with regular protests at showrooms across the U.S. When the report came out Tuesday after hours, shares did not react, with all eyes on Musk’s comments on…

Capital One shares rose Tuesday evening after the company posted better-than-expected first-quarter profits, driven by beats on credit quality. With the Discover acquisition set to close in less than a month, more gains for the stock could be ahead. Revenue in the three months ended March 31 increased 6.4% year over year to $10 billion, slightly missing the consensus estimate of $10.06 billion, according to LSEG. Adjusted earning per share (EPS) totaled $4.06, exceeding the $3.71 estimate, LSEG data showed. On an annual basis, adjusted EPS increased 26%. Capital One shares jumped about 3 % in after hours trading to around $175 per…

Danaher shares on Tuesday climbed more than 6% after the health-care company’s first-quarter results exceeded expectations — and, crucially, its guidance was left mostly intact despite an evolving economic picture. Count us among the investors breathing a sigh of relief. Revenue for the three months ended March 31 declined 1% year over year to $5.74 billion, topping the consensus estimate of $5.59 billion, according to LSEG. Adjusted earnings per share (EPS) totaled $1.88, exceeding the $1.64 estimate, LSEG data showed. On an annual basis, adjusted EPS fell 2.1%. Bottom line Danaher delivered a fairly clean earnings report in a messy,…

Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Dutch digital bank Bunq on Tuesday said it’s filed for broker-dealer registration in the U.S. as it looks to further expand across the Atlantic. Bunq CEO Ali Niknam said the broker-dealer application will be an initial step toward securing a full banking license. He couldn’t offer a firm timeline for when Bunq will secure this authorization in the U.S. — but said he’s excited for…

Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the U.S. Julia Demaree Nikhinson | Getty Images As tech’s megacap companies enter first-quarter earnings season this week, get ready to hear one word on repeat: uncertainty. President Donald Trump’s on-again, off-again approach to tariffs has created market chaos this month — including five days of massive moves for the Nasdaq — as investors try to…

Bank of America on Tuesday posted first-quarter results that topped analysts’ expectations for profit and revenue on stronger-than-expected net interest income and trading revenue. Here’s what the company reported: Earnings: 90 cents a share vs. 82 cents per share LSEG estimate Revenue: $27.51 billion vs. $26.99 billion expected The bank said profit climbed 11% to $7.4 billion, or 90 cents a share, as revenue rose 5.9% to $27.51 billion. Those gains were fueled by net interest income, which is the difference in what a bank pays depositors and what it earns on loans and investments, that rose to $14.6 billion in…

Jaap Arriens | Nurphoto | Getty Images Dutch semiconductor equipment giant ASML on Wednesday missed order expectations and said that uncertainty from new U.S. trade restrictions may affect demand for its critical chipmaking machines. Here’s how ASML did versus LSEG consensus estimates for the first quarter: Net sales: 7.74 billion, against 7.8 billion euros expected Net profit: 2.36 billion, versus 2.3 billion euros expected ASML said net bookings — a key indicator of order demand — came in at 3.94 billion euros ($4.47 billion) for the first three months of 2025. That was lower than a forecast of 4.89 billion euros…

Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Hsinchu, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday maintained its annual revenue forecast after it quarterly beat profit expectations, thanks to a continued surge in demand for AI chips. Here are TSMC’s first-quarter results versus LSEG consensus estimates: Revenue: $839.25 billion New Taiwan dollars, vs. NT$835.13 billion expected Net income: NT$361.56 billion, vs. NT$354.14 billion  TSMC’s net income increased 60.3% from the same period last year to NT$361.56 billion, while net revenue in the March quarter rose 41.6% to NT$839.25 billion. TSMC’s high-performance computing division which…

UnitedHealth Group cut its annual profit forecast on Thursday in anticipation of higher-than-expected medical costs, triggering a 19% selloff in shares of the industry bellwether that reverberated across the sector. The bleak forecast took investors by surprise as they were expecting the insurer, which kicks off earnings for the sector, to maintain its profit outlook on expectations that demand for medical services had stabilized in recent quarters. The health insurance industry has been grappling with increased costs since mid-2023 due to a surge in demand for healthcare services under government-backed Medicare plans for older adults or individuals with disabilities. UnitedHealth…

A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty Images Entertainment | Getty Images French luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday. The company — which earlier this week overtook rival LVMH as the world’s biggest luxury…

American Express‘ affluent cardholders are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of the leap year, the company reported Thursday, which shows that the bump in spending late last year continued into 2025, according to Le Caillec. Those trends have continued into April, the CFO said, despite sharp declines in stocks this month amid concerns that President Donald Trump’s tariff policies will cause a recession. The dynamic, which…

Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted a big beat on operating margin for the first quarter, reporting 31.7% compared with the average estimate of 28.5%, according to StreetAccount. And it guided well above analyst estimates for the second quarter — 33.3% against an average estimate of 30%. By its own phrasing,…

Beata Zawrzel | Nurphoto | Getty Images Netflix is due to report first-quarter earnings after the closing bell Thursday. The report marks the first time that the streaming giant isn’t disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators. Netflix’s earnings also come as traditional media companies’ stocks have been slammed by a tumultuous market prompted by President Donald Trump’s trade policy. Of the major Hollywood studios, Netflix has remained relatively unscathed by the financial upheaval. It’s stock has risen 4.5% in the last month. Meanwhile, competitors like Paramount,…

Shares of Abbott Laboratories jumped Wednesday after the diversified health-care company delivered strong first-quarter results and left its earnings guidance intact — a big sign of confidence in an uncertain time. Revenue in the three months ended March 31 rose 4% to $10.36 billion, narrowly missing the consensus of $10.4 billion, according to estimates compiled by LSEG. Organic sales, excluding Covid testing results, rose 8.3%, beating the 7.7% estimate, according to FactSet. Adjusted earnings per share (EPS) increased 11.2% on an annual basis to $1.09, topping expectations by 2 cents, LSEG data showed. ABT YTD mountain Abbott Laboratories YTD Abbott’s…

Financial markets have been roiled over the past month on escalating concerns about a recession and a global trade war because of President Donald Trump ‘s constantly shifting tariff plans. Since our Monthly Meeting on March 13, Wall Street has had one of its most volatile weeks in history. The S & P 500 posted its third-largest single-day advance since World War II last Wednesday after the White House announced a 90-day pause on larger tariffs for the majority of U.S. trade partners, excluding China. That rally followed a four-session slide after Trump’s evening announcement on April 2 of his…

A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. Charly Triballeau | Afp | Getty Images United Airlines maintained its full-year forecast on Tuesday but took an unusual step of offering a second forecast should the U.S. slip into a recession, calling the economy “impossible to predict.” Either way, it expects to turn a profit. The carrier warned alongside its first-quarter earnings that a recession could drive down profits this year, but said booking trends are stable. The company…

Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023.  Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup on Tuesday posted first-quarter results that exceeded analysts’ estimates as the firm’s traders generated more revenue than expected. Here’s what the company reported: Earnings: $1.96 per share vs. $1.85 per share LSEG estimate Revenue: $21.60 billion, vs. $21.29 billion expected The bank said profit rose 21% to $4.1 billion, or $1.96 per share, on higher…

People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.  Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20 a share LSEG estimate Revenue: $17.74 billion vs. expected $16.58 billion The company said earnings rose 26% to $4.32 billion, or $2.60 per share, while revenue climbed 17% to a record $17.74 billion. Equity trading was the standout this quarter, as revenue jumped 45% to…

Goldman Sachs on Monday reported better-than-expected first-quarter results, jumping over Wall Street’s lowered bar and reassuring investors. Revenue in the three months ended March 31 rose 6% year over year to $15.06 billion, topping the consensus estimate of $14.81, according to LSEG. Earnings per share (EPS) jumped 22% on annual basis to $14.12, well ahead of the $12.35 estimate, LSEG data showed. GS YTD mountain Goldman Sachs’ year-to-date stock performance. Goldman shares, which entered the week down sharply from its highs of the year, rose roughly 1% in response. The stock, however, was still down 22% year to date versus…

David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday.   Here’s what Wall Street expects: Earnings: $12.35 per share, according to LSEG Revenue: $14.81 billion, according to LSEG Trading Revenue: Fixed Income of $4.56 billion and Equities of $3.65 billion, per StreetAccount Investing Banking Revenue: $1.94 billion, per StreetAccount Goldman Sachs may prove to be a beneficiary of the recent market environment. On Friday, rivals…

President Donald Trump’s pause on sweeping global tariffs while keeping the pressure on China was good for a glorious, one-day rally last Wednesday. But, the next two sessions were divided — setting the stage for what could be more volatility this week as investors try to keep up with an ever-evolving tariff picture as well as earnings. For last week, the S & P 500 and the Nasdaq advanced 5.7% and 7.3%, respectively. But zooming out to survey the damage done by Trump’s trade war, the S & P 500 was still down 4.4% for the month through Friday’s close.…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wall Street’s wild week: Stocks rallied Friday as investors tracked the latest developments in the U.S.-China trade war. The White House on Friday afternoon signaled that it’s hopeful China will seek a deal with the U.S. That comment follows Beijing earlier Friday raising its tariffs on the U.S. to Friday to 125% from 84%, in response to President Donald Trump upping the duty rate on Chinese imports to 145%. These are…

Wells Fargo on Friday morning reported a mixed first quarter with misses across key revenue lines, offset by lower expenses and better provisions. While the economic outlook remains cloudy due to tariffs and trade wars, we’re willing to look through these results because of a key catalyst on the horizon. Total revenue for the three months ended March 31 fell 3.4% year over year to $20.15 billion — missing analysts’ expectations of $20.75 billion, according to market data provider LSEG. Earnings per share of $1.39 per share exceeded Wall Street’s consensus estimate of $1.24 per share, LSEG data showed. On…

Jamie Dimon, CEO of JPMorgan Chase, 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 JPMorgan Chase on Friday reported results that topped estimates on higher-than-expected revenue, helped by booming equity trading activity. Here’s what the company reported: Earnings: $5.07 a share Revenue: $46.01 billion vs. expected $44.11 billion, according to LSEG The bank said that first-quarter profit rose 9% to $14.64 billion, or $5.07 a share. Excluding a one-time gain…

A Wells Fargo Bank branch is seen in New York City on March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares declined on Friday after the bank reported lower-than-expected quarterly revenue and a decline in net interest income. Here’s what the bank posted for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Adjusted earnings per share: $1.33 adjusted, versus $1.24 expected Revenue: $20.15 billion, versus $20.75 billion expected Shares of Wells Fargo fell 4% in morning trading after the results. In the three-month period that ended March. 31, Wells Fargo’s net income…

Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025.  Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the company’s beer sales as Hispanic consumers in the U.S. spend less, Constellation CEO Bill Newlands told analysts on the company’s conference call on Thursday. Roughly half of Constellation’s beer sales come from Hispanic consumers, although the company is selling more brews in part because of…

Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico.  Saul Loeb | Afp | Getty Images Constellation Brands on Wednesday gave a weaker-than-expected outlook for its fiscal 2026 and slashed its medium-term forecast as it faces higher U.S. tariffs on most of its beer. The Modelo owner also topped Wall Street’s estimates for its fiscal 2025 fourth-quarter earnings and revenue, but its quarterly performance took a backseat to its outlook.…

Delta Air Lines won’t expand flying in the second half of the year because of disappointing bookings amid President Donald Trump’s shifting trade policies, which CEO Ed Bastian called “the wrong approach.” Delta on Wednesday forecast its second-quarter revenue to decline up to 2% or grow as much as 2% over last year, while Wall Street had been expecting growth of 1.9%. The airline expects adjusted earnings per share of $1.70 to $2.30, compared with analysts’ estimates of $2.23 a share. The carrier said it is too early to update its 2025 financial guidance, a month after it confirmed the…

Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company is in the process of being taken private by Sycamore Partners in a roughly $10 billion deal that is expected to close in the fourth quarter of this year. Walgreens withdrew its fiscal 2025 guidance given the pending transaction. In January, it said it expects a full-year adjusted profit of $1.40 to $1.80 per share.  The historic deal with Sycamore ends Walgreens’ tumultuous run as a public company, which began in 1927.…

Stocks are getting clobbered since President Donald Trump announced new tariffs last Wednesday. The problem for investors in search of bargains: It’s hard to know which names are actually on sale. The standard way to value stocks is a forward price-to-earnings multiple, based estimates for the coming 12 months. Take the share price and divide it by the consensus earnings per share estimate on Wall Street, and you have the P/E. In ordinary times, it’s quite common to look at stocks with falling P/Es and determine that a more attractive entry point has arrived. “This stock has gone on sale,”…

After President Donald Trump’s new tariffs crushed global stocks for a second consecutive day, CNBC’s Jim Cramer said next week’s earnings reports will provide a first look at how CEOs are dealing with the fallout. Big bank earnings headline the upcoming week, alongside inflation data. No matter what the numbers reveal, though, Cramer said the direction of the market will depend on Trump’s next move. The tariff-driven market rout could end soon if Trump grants relief to trading partners, he said, or it could suddenly get worse as it did on Black Monday in 1987. “If President Trump stays intransigent…

A Xiaomi store in Shanghai, China, on March 16, 2025. Qilai Shen/Bloomberg | Bloomberg | Getty Images Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors. It’s a sign of how some automakers are pulling ahead, while BYD remains the market leader by far. Xiaomi delivered a record number of electric vehicles in March, exceeding 29,000 units, the company announced on social media. That topped its prior run of delivering more than 20,000 vehicles in each of the past five months. The SU7, Xiaomi’s flagship…

People look at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Rivian reported a 36% decline in first-quarter deliveries on Wednesday, as the electric-vehicle maker grapples with weak demand, sending its shares down more than 2% at the open. The company delivered 8,640 vehicles in the quarter ended March 31, down from 13,588 a year earlier. The deliveries, however, exceeded analysts’ average estimate of 8,200, according to Visible Alpha. The company’s chief financial officer, Claire McDonough, had said in…

General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025. Kena Betancur | Getty Images Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Shares slumped 4% following the news. Here are the key numbers: Total deliveries Q1 2025: 336,681 Total production Q1 2025: 362,615 Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and…

The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC Huawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated. Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise. It is the company’s second-highest revenue figure ever, according to CNBC calculations, just shy of the record 891.4 billion yuan reported for 2020. Net profit fell, however, to 62.6 billion yuan, a decline of 28% versus 2023. Huawei said this was a result of increasing investments. It comes as the Chinese…

Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower U.S. traffic at Lululemon and industry peers. However, he said, guests responded well to innovation at the company. “There continues to be considerable uncertainty driven by macro and geopolitical…

Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024. David Paul Morris | Bloomberg | Getty Images Micron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance. Here’s how the company did: Earnings per share: $1.56, adjusted vs. $1.42 expected by LSEG Revenue: $8.05 billion vs. $7.89 billion expected by LSEG Revenue increased 38% from $5.82 billion during the same period in 2024, Micron said in a press release. The memory and storage solutions company reported net income of $1.58 billion, or $1.41 per…

A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on Feb. 12, 2025 in Miami, Florida. Joe Raedle | Getty Images FedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners. “Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,” Chief Financial Officer John Dietrich said in a statement. FedEx shares fell 5.3% to $232.29 in after-hours trade,…

Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround. In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter, which is set to end in May, to be at the “low end” of the “mid-teens range.” It also anticipates its gross margin will fall between 4 and 5 percentage points as it ramps up efforts to liquidate excess inventory and stale styles that are…

Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections. The restaurant company blamed weather for the sales slowdown and maintained its full-year forecast, lifting investors’ confidence that the rough quarter was a blip. Darden shares rose 6% in morning 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: $2.80 adjusted vs. $2.79 expected Revenue: $3.16 billion vs. $3.21 billion expected Darden reported fiscal third-quarter net income of $323.4 million, or $2.74 per share, up from $312.9 million, or $2.60…

German airline group Lufthansa is hopeful that the new U.S. administration will support Boeing in overcoming issues that have led to industry-wide delivery delays, CEO Carsten Spohr said Thursday. The company expects 2025 will be the year when it starts to recieve aircraft for which it has been “waiting for so long now,” Spohr told CNBC’s Annette Weisbach. In results published Thursday, Lufthansa reported a 39% year-on-year drop in earnings before interest and taxes (EBIT) to 1.645 billion euros ($1.78 billion), citing delivery delays as well as staff strikes and global price pressures. The earnings nonetheless beat consensus estimates, driving shares 13% higher…

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue. The company also notched a ramp-up in capital expenditure, which more than tripled in 2024, as it presses ahead with boosting its focus on artificial intelligence amid intense competition from Chinese rivals like Alibaba. Tencent touted a hike in AI-related revenue in areas such as cloud computing and advertising.…

Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory.  The footwear giant delivered mix results for its holiday quarter, beating Wall Street’s expectations on earnings but falling short on sales. In the year ahead, it anticipates that trend will reverse. For fiscal 2025, Foot Locker is expecting profits to be lower than Wall Street estimated, while the high end of its comparable sales guidance is better than analysts had forecast, according to LSEG and StreetAccount.  Shares…

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates and gave a forecast that came up short of expectations. Here is how Oracle did compared to LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.49 expected Revenue: $14.13 billion vs. $14.39 billion expected Revenue increased 6% from $13.3 billion in the same period last year. Net income rose 22% to $2.94 billion, or $1.02 a share, from $2.4 billion, or 85…

The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany. Andreas Rentz | Getty Images German autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring strategy. It posted a revenue of 324.7 billion euros ($352.8 billion) in full-year 2024, up from 322.3 billion euros last year. The automaker said it expects sales revenue to exceed the previous year’s figure by up to 5% in 2025. It also forecasts that its…

Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession.  In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to China, Mexico and Canada for sourcing is very small, but it recognizes that falling consumer confidence could impact spending. “I do think it’s just a bit of an uncertain world out there right now,” said Stack. “What’s going to happen from a tariff standpoint? You…

Simon2579 | E+ | Getty Images Stephen Gilliam works 40 hours a week as a graphic designer for a government contractor. In the evening, Gilliam comes home, eats dinner and takes a little break. He then opens his laptop and works on freelance projects designing movie posters. He usually tries to wrap up by 10 p.m., gets some sleep and then starts it all over the next day. “There are good and bad weeks, but I do my best to try to find that balance,” said 45-year-old Gilliam, who lives in Augusta, Georgia. Gilliam, who earned his bachelor’s degree in graphic…

Rheinmetall MAN Military Vehicle drives on the road on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a further boost from a recent change in tack in European defense policy. The company reported a 36% jump in consolidated sales in 2024, with sales in the defense business up 50%. Defense sales are expected to grow by 35% to 40% this year, Rheinmetall said.…

Shantanu Narayen, Chair and CEO of Adobe Systems, addresses the gathering on the first day of the three-day B20 Summit in New Delhi on Aug. 25, 2023. Sajjad Hussain | AFP | Getty Images Adobe shares closed down 14% following the company’s quarterly earnings report as investors fretted over lingering growth concerns and the software maker’s artificial intelligence monetization strategy. The sell-off came despite better-than-expected results, which included adjusted earnings of $5.08 per share and $5.71 billion in revenue. That surpassed analysts’ estimates of $4.97 in earnings per share and $5.66 billion in revenue, according to LSEG. Adobe called for…

WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to local reports more than 40 brands electric vehicle brands participated in the exhibition. (Photo by Getty Images) Getty Images | Getty Images News | Getty Images BMW‘s net profits slumped by more than a third in 2024, flagging “continuing subdued demand in the Chinese market.”…

Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday. “We’ve really stabilized and I think started to turn the corner on the core business,” CEO Allan Thygesen said Friday on CNBC’s “Squawk Box.” “We’ve become much more efficient.” Here’s how the company performed in the fourth quarter FY2025 compared to LSEG estimates: Earnings per share: 86 cents vs. 85 cents expected Revenue: $776 million vs. $761 million The earnings beat was boosted in part by the electronic signature service’s new artificial intelligence-enabled content called Docusign IAM, a platform for optimizing processes involving agreements. “It’s tremendously valuable,”…

Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, a stock exchange filing showed on Friday, as a price war in the mainland electric vehicle market ensnared the world’s largest battery maker. Revenue for the 12-month period ending December came in at 362 billion yuan ($50.01 billion), just under a LSEG mean estimate of…

Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called “consumer uncertainty.” The retailer, which appointed Kecia Steelman as its new CEO in January, said it’s expecting comparable sales to be flat or grow 1% in 2025, while analysts had anticipated they would rise by 1.2%, according to StreetAccount.  It’s expecting full-year earnings to be between $22.50 and $22.90, lower than expectations of $23.47, according to LSEG.  Ulta is the latest company to forecast a rocky year ahead. While it factored uncertain consumer spending into…

A Dollar General store in Germantown, New York, on Nov. 30, 2023. Angus Mordant/Bloomberg via Getty Images Dollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain’s profit. As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores and 45 Popshelf stores and will convert six other Popshelf stores into flagship banner locations in the first quarter. Popshelf stores cater to higher-income shoppers seeking inexpensive products. On the company’s earnings call, CEO Todd Vasos warned consumers “only have enough money for basic essentials”…

American Eagle warned investors on Wednesday that consumers are pulling back on spending and it’s seen a “slower start” to the year than it expected.  “Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather,” CEO Jay Schottenstein said in a news release. “While we anticipate improvement as the Spring season gets underway, we are also taking proactive steps to strengthen the top-line, manage inventory and reduce expenses. As we navigate through an uncertain consumer and operating landscape, we will also remain focused on our long-term strategic priorities.”  Shares fell…

In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images News | Getty Images Porsche‘s CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base — as it braces for potential tariffs imposed by the White House. “We have an industrial cooperation agreement together with Volkswagen, and in the end, we are working so close together, so this should play a role” in responding to tariffs, Blume told CNBC’s Annette Weisbach. The U.S. is Porsche’s…

L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers  Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in the U.S. in the North American country. Some of the cosmetics titan’s luxury products, such as fragrances, are nevertheless exported from Europe. “Right now, there’s no tariff on this category,” he said. “Should there be one? Well, we will work around it. There’s pricing power.…

A worker pushes a cart outside of Kohl’s store on November 26, 2024 in San Rafael, California.  Justin Sullivan | Getty Images Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in early trading on Tuesday. For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates of a 1.6% decrease, according to LSEG. The company projected comparable sales will fall 4% to 6%, while analysts anticipated a 0.9% decrease,…

Matt Murphy, CEO of Marvell Technology. Scott Mlyn | CNBC Marvell Technology shares plummeted 19.8% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by LSEG. However, the outlook fell short of some buyside expectations calling for around $2 billion in revenue, disappointing investors after the stock soared 83% in 2024. The results fueled some concerns about Marvell’s partnership with Amazon Web Services on its Trainium AI chip, and the potential…

Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 26.9% for their worst day ever after the database software maker shared weak guidance that signaled a slowdown in growth. For fiscal 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28. Analysts were expecting EPS of $3.34 and $2.32 billion in revenue. The weak guidance stems from slower growth in the company’s Atlas cloud-based database service. The revenue projection would imply 12.7% growth, the slowest for the company going back to its…

A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles.  Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than Wall Street anticipated.  Shares jumped 17% in extended trading Thursday. The apparel retailer behind Old Navy, Banana Republic, Athleta and its namesake banner beat expectations on the top and bottom lines during the all-important holiday quarter and saw comparable sales grow 3%, ahead of expectations…

Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023. Brendan McDermid | Reuters Hewlett Packard Enterprise shares slid 19% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year guidance that came in below consensus. Here’s how the company did in the fiscal first quarter in comparison with LSEG consensus: Earnings per share: 49 cents adjusted vs. 49 cents expected Revenue: $7.85 billion vs. $7.82 billion expected HPE’s revenue rose 16% year over year…

Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose. Shares ticked down over 1% in extended trading on Thursday evening. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey of analysts by LSEG: Earnings per share: $4.02 vs. $4.11 expected Revenue: $63.72 billion vs. $63.13 billion expected Costco CEO Ron Vachris said although it’s difficult to forecast the impact of tariffs, the company aims to minimize cost increases for members. A third of its U.S. sales are from…

Costco on Thursday reported another sturdy — if mixed — quarter, demonstrating that its focus on keeping prices low continues to bring more shoppers to its stores at an uncertain time for the U.S. economy. Total revenue in its second quarter of fiscal year 2025 rose 9% year over year to $63.72 billion, topping Wall Street expectations of $63.13 billion, according to estimates compiled by LSEG. Earnings per share (EPS) in the 12 weeks ended Feb. 16 came in at $4.02, missing the consensus of $4.11, LSEG data showed. The reported figure includes a 13-cent hit from foreign exchange rates,…

Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per share and $14.61 billion in revenue expected by analysts polled by LSEG. Revenues rose 25% from $11.96 billion a year ago. Bank of America analyst Vivek Arya called the results from Broadcom a “reassuring update from an AI leader” and a “positive read-across for AI…

Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending. Revenue in Broadcom’s fiscal 2025 first quarter increased 25% year over year to $14.92 billion, beating the consensus forecast of $14.61 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 45% from the year-ago period to $1.60, which exceeded the $1.49 expected, LSEG data showed. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 41% year over year to $10.08 billion in the quarter,…

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported first-quarter earnings on Thursday that topped analysts’ expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading. Here’s how the company did versus LSEG consensus estimates: Earnings per share: $1.60 adjusted vs. $1.49 expected Revenue: $14.92 billion vs. $14.61 billion expected Broadcom said it expects about $14.9 billion in second-quarter revenue, higher than the $14.76 billion forecast by Wall Street analysts. Revenue in the last quarter rose 25% from $11.96 billion a year earlier. The company said net income increased to $5.5…

Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private. Across the business, which includes the Macy’s banner, Bloomingdale’s and Blue Mercury, comparable sales during the all-important holiday quarter were down 1.1%. But comparable sales across its owned and licensed businesses, plus its online marketplace, were up 0.2%, which is the highest the metric has been since the first quarter of 2022.  Plus, the so-called First 50 locations – the stores that…

Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about 20% from a year ago in the quarter that ended on Jan. 31, according to a statement. The company generated $15.8 million in net income, or 19 cents per share, which factors in stock-based compensation. In the same quarter a year ago, MongoDB had registered…

An Abercrombie & Fitch store stands in midtown Manhattan in New York City on Oct. 24, 2024. Spencer Platt | Getty Images Abercrombie & Fitch‘s growth story is starting to slow down. The apparel retailer issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects its sales will grow more slowly than Wall Street anticipated. Abercrombie is expecting sales to rise between 3% and 5% in fiscal 2025, well below estimates of 6.8% growth, according to LSEG. During its current quarter, the company anticipates earnings per share will be between $1.25 and $1.45, short of expectations…

CrowdStrike reported a strong fourth-quarter results Tuesday night, delivering beats on revenue, adjusted earnings and net new annual recurring revenue. However, the stock is under pressure in extended trading after the fast-growing cybersecurity company’s fiscal 2026 full-year outlook was slightly below the consensus forecast. After booking profits in CrowdStrike a couple of times above $400 per share earlier this year, we can look to buy those shares back at these lower prices. Revenue in the fiscal 2025 fourth quarter increased 25% year over year to $1.06 billion, beating the consensus estimate of $1.03 billion, according to LSEG. Adjusted earnings per…

Target on Tuesday warned that it expects a “meaningful” drop in first-quarter profit compared to the year-ago period as it contends with “ongoing consumer uncertainty,” soft sales in February and concerns around tariffs.  The first three months of the year tend to be slow for retailers because consumers typically pull back after the holiday shopping season. But Target’s tepid guidance comes after Walmart and E.l.f. Beauty raised concerns last month about a slower than usual start to the year. Coupling those weak forecasts with a sharper-than-expected decline in consumer spending in January and the biggest drop in consumer confidence since…

Salesforce shares fell in extended trading Wednesday on mixed quarterly results and weak guidance. However, the enterprise software giant’s AI business is picking up steam, which should propel the stock higher over time. Sales in the fiscal 2025 fourth quarter rose 8% on an annual basis to $9.99 billion, a touch shy of the $10.04 billion consensus, according to LSEG. Stripping out the impact of foreign exchange rates, revenue rose 9%. Adjusted earnings per share (EPS) jumped 21% year over year to $2.78, well ahead of the $2.61 estimate, LSEG data showed. Bottom line This was not the cleanest earnings…

Nvidia on Wednesday evening delivered a better-than-expected fiscal 2025 fourth quarter driven by a $2 billion revenue beat on data center sales. Forward guidance also exceeded estimates. Despite the enormous anticipation of the results, shares dropped 1.5% in after-hours trading. But given the volatile nature of the stock, a bigger move — in either direction — could materialize come Thursday’s opening bell. Revenue grew 78% year over year to $39.33 billion, outpacing the $38.05 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share increased to 89 cents, exceeding the consensus estimate…

The bulls on Wall Street emerged victorious Friday but not for the week. Investors shook off a midday, end-of-the-week sell-off on geopolitical concerns sparked by President Donald Trump’s Oval Office spat with Ukraine President Volodymyr Zelenskyy . Still, the advance Friday was not enough for the S & P 500 and Nasdaq to overcome weekly losses. Wall Street has been wrestling with mounting uncertainty over Trump’s trade policy and the overall health of the U.S. economy. The week ahead will shine a light on both, with more tariffs supposedly set to kick in and fresh jobs data on the way.…

Signage at the Nvidia Corp. offices in Taipei, Taiwan, on Tuesday, Jan. 28, 2025.  Photographer: An Rong Xu/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images U.S. chipmaker Nvidia‘s auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software. While the company’s biggest revenue stream by far is chip systems that power artificial intelligence, Nvidia has predicted its products that power driver-assist technology could become its next “billion-dollar” business. Revenue of Nvidia’s automotive and robotics segment rose 103% year on year to $570 million in the fourth quarter of…

Shoppers never know exactly what they will find at a T.J. Maxx, Marshalls, or HomeGoods. Investors, on the other hand, are finding earnings from their parent company rather predictable. TJX Companies on Wednesday delivered a better-than-expected quarter but light outlook. The market was hardly concerned, sending shares up 3%, because TJX consistently under-promises and over-delivers. Sales in its fiscal 2025 fourth quarter totaled $16.35 billion, exceeding the consensus estimate of $16.2 billion, according to LSEG. Revenue was down slightly year over year. But direct comparisons were skewed by an extra week in TJX’s prior fiscal year. Adjusted earnings per share…

Nvidia CEO Jensen Huang presents the Nvidia Blackwell platform at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia reported fiscal fourth-quarter earnings after the bell on Wednesday that beat Wall Street expectations. The company also provided strong guidance for the current quarter. The company’s report and guidance signals that the chipmaker is confident it will be able to continue its historic run of growth driven by artificial intelligence well into 2025. Shares were flat in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Revenue:…

Jakub Porzycki | Nurphoto | Getty Images Snowflake shares rose 4.5% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results. The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956 million in sales expected by analysts polled by LSEG. That reflected 27% year-over-year revenue growth. CEO Sridhar Ramaswamy called Snowflake the “essential enterprise data and AI company on the planet right now” during an interview with CNBC’s Jon Fortt on Wednesday. Like its peers, Snowflake has pushed to offer new artificial intelligence tools to its…

Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but earnings topped Wall Street expectations. Here’s how the hardware company did versus LSEG consensus estimates: Revenue: $23.9 billion, versus $24.55 billion estimated EPS: $2.68, adjusted, versus $2.53 estimated. Dell shares are down less than 5% so far in 2025, but the company’s stock has more than doubled in the last two years due to soaring…

A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers. Fourth-quarter revenue for the streaming segment, which is anchored by flagship service Max, totaled $2.65 billion, up 5% from $2.53 billion in the same quarter last year. Adjusted earnings before interest, taxes, depreciation and amortization for the unit came in at $409 million, compared with an adjusted EBITDA loss of $55…

A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Thursday posted stronger-than-expected full-year earnings, upgraded its mid-term guidance and declared a £1 billion ($1.27 billion) share buyback. Rolls-Royce, which manufactures jet engines for commercial aircraft along with power systems for ships and submarines, reported 2024 operating profit of £2.46 billion, beating analyst expectations and reflecting an increase of 57% from the year prior. The company said robust delivery in 2023 and…

Salesforce CEO Marc Benioff appears at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images Salesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts’ estimates. The stock price slipped 4% in extended trading. Here’s how the company did compared with LSEG consensus: Earnings per share: $2.78 adjusted vs. $2.61 expected Revenue: $9.99 billion vs. $10.04 billion expected Revenue increased 7.6% from a year ago in the quarter that ended Jan. 31, according to a statement. Net income rose to $1.71 billion, or $1.75 per…

A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City.  Spencer Platt | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead. The company said it expects full-year total sales sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion for fiscal 2024. It said it expects comparable sales to be flat to up 1% year over year and earnings per share to range from approximately $12.15 to $12.40. Here’s what the…

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down as the company expects to more than double vehicle production this year to 20,000 units. Lucid said Marc Winterhoff, the company’s chief operating officer, has taken over as interim CEO. Rawlinson will serve as a “strategic technical advisor to the chairman of the board, stepping aside from his prior roles,” the company said. Winterhoff told CNBC on Tuesday that it…

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects. For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which takes out the impact of one-time factors like store openings and calendar differences, to grow by about 1%. Home Depot projected adjusted earnings per share will decline about 2% compared to the prior year. In an interview with CNBC, Chief Financial Officer Richard McPhail said “housing is still frozen by mortgage rates.” Yet…

Chegg seen at the New York Stock Exchange on Feb. 13, 2025.  Danielle DeVries | CNBC Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company’s traffic and revenue. The legal move come nearly two years after former CEO Dan Rosensweig said students engaging with OpenAI’s ChatGPT assistant were cutting into Chegg’s new customer growth. Chegg is worth less than $200 million, and in after-hours trading Monday, the stock was trading just above $1 per share. Chegg has engaged Goldman Sachs and will look at…

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Berkshire Hathaway on Saturday reported a massive surge in fourth-quarter earnings from its operating businesses, driven in large part by insurance, while its cash holdings swelled to record levels. The Warren Buffett-led conglomerate said its operating profit — which encompasses earnings from the company’s wholly owned businesses — skyrocketed 71% to $14.527 billion during the final three months of 2024. That was led by by a whopping 302% jump in insurance underwriting from the year-earlier…

Warren Buffett is about to address shareholders and countless admirers following a series of market-moving events — a fresh trade war, devastating wildfires as well as a shocking stock-selling spree at his own Berkshire Hathaway . The 94-year-old “Oracle of Omaha’s” must-read annual letter will be released Saturday at 8 a.m. ET along with Berkshire’s fourth-quarter earnings. Investors are more eager than ever to hear from Buffett about his thinking on the broader market as well as any impact he sees from President Donald Trump ‘s punitive tariffs and the California wildfires on Berkshire’s sprawling businesses. Wildfire exposure While Berkshire,…

Walmart stock may be a steal. Former Walmart U.S. CEO Bill Simon contends the retailer’s stock sell-off tied to a slowing profit growth forecast and tariff fears is creating a major opportunity for investors. “I absolutely thought their guidance was pretty strong given the fact that… nobody knows what’s going to happen with tariffs,” he told CNBC’s “Fast Money” on Thursday, the day Walmart reported fiscal fourth-quarter results. But even if U.S. tariffs against Canada and Mexico move forward, Simon predicts “nothing” should happen to Walmart. “Ultimately, the consumer decides whether there’s a tariff or not,” said Simon. “There’s a tariff…

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, photographed during a 2011 trip to Japan. Bloomberg | Bloomberg | Getty Images Berkshire Hathaway is committed to its Japanese investments for the long term and has reached an agreement with the companies to own beyond the initial 10% ceiling, Warren Buffett said in his annual letter to shareholders released Saturday. “From the start, we also agreed to keep Berkshire’s holdings below 10% of each company’s shares. But, as we approached this limit, the five companies agreed to moderately relax the ceiling,” Buffett said. “Over time, you will likely see…

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. The S & P 500 declined Friday, pushed lower by weaker-than-expected consumer sentiment data and a big drop in UnitedHealth Group shares on reports of a DOJ investigation into the insurer’s practices. This is the second day the S & P 500 is on track to close lower after the benchmark gauge notched a record close Wednesday. We exited our small position in Best Buy Thursday amid the turbulent week for Wall Street. 2.…

Marco Bello | AFP | Getty Images Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling short of the average analyst estimate of 87 cents, according to LSEG. Revenue of $6.03 billion also missed expectations of $6.29 billion. The company posted $2.31 billion in gross profit for the quarter, a 14% increase year over year, but slightly below consensus estimates. The stock closed at…

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared 14.89%. “We expect the outlook for BABA’s ecommerce business to remain strong in 1HCY25F, driven by the continued trade-in subsidies,” Nomura said in a note Friday. In an attempt to stimulate consumption, China last year announced plans to allocate 300 billion yuan ($41.5 billion) in ultra-long special government bonds to…

Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7% in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 71 cents adjusted vs. 87 cents expected Revenue: $6.03 billion vs. $6.29 billion expected Revenue increased about 4.5% from $5.77 billion a year earlier. Block, formerly…

Walmart on Thursday said holiday-quarter revenue rose about 4% and e-commerce sales shot up 20% in the U.S., as growth in store pickup and home deliveries and gains with upper-income shoppers boosted results. In the fiscal year ahead, the discounter said it expects net sales to grow 3% to 4% and adjusted operating income to grow between 3.5% to 5.5% on a constant currency basis. The company said that includes a 150 basis point, or 1.5 percentage point, headwind from acquiring smart TV company Vizio and following a leap year in 2024.  In an interview with CNBC, Chief Financial Officer…

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing “significant headwinds,” including a pullback in consumer spending. The stock closed down 10% on Wednesday. Here’s how the company did: Earnings: $1.03 per share adjusted vs. 93 cents per share expected by LSEG Revenue: $852.2 million vs. $862.8 million expected by LSEG Gross merchandise sales, or the total volume of goods sold on the platform, came in at $3.74 billion, a…

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024.  Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5%, helped by the sale of its banking business in Canada. For the full year, HSBC reported revenue of $65.85 billion, down from $66.1 billion in 2023. Here are HSBC’s full-year results compared with LSEG mean estimates: Pre-tax profit: $32.31 billion vs. $32.63 billion Revenue: $65.85 billion vs. $66.52 billion While the profit before…

Check out the companies making headlines after the bell : Howard Hughes Holdings — Shares slipped about 5% after Pershing Square’s Bill Ackman upped his takeover offer for the real estate company , vowing to turn it into a “modern-day” Berkshire Hathaway. Ackman said Tuesday that his firm submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90 per share, higher than the $85 per share from January. Bumble — The online dating company’s stock price plunged nearly 13% after Bumble gave disappointing first-quarter guidance. Bumble said it expects adjusted EBITDA to come out between $60…

Piotr Swat | Lightrocket | Getty Images Shares of AppLovin closed more than 20% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets as the stock crossed the $500 mark for the first time ever. The ad tech company said on its earnings call it was divesting its apps business as the company aims to move into other verticals for its artificial intelligence-powered AXON advertising software, such as fintech, insurance and automotive. Analysts at Wolfe praised the sale of the apps segment, saying the company’s financials “gets cleaner at a time…

Thomas Fuller | Lightrocket | Getty Images Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts’ estimates. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 73 cents vs. 58 cents expected Revenue: $2.48 billion vs. $2.42 billion expected Revenue increased 12% from $2.22 billion during the same period last year. Airbnb reported net income of $461 million, or 73 cents per share. A year ago, Airbnb reported a loss of $349 million, or a loss of 55 cents per share. In…

Sony PlayStation game controllers are displayed at a Best Buy store on December 17, 2024 in San Rafael, California.  Justin Sullivan | Getty Images Shares in Sony Group surged as much as 10.7% Friday after the company raised its revenue and profit forecast for its current financial year ending in March. The Japanese technology and entertainment conglomerate announced on Thursday it is raising its outlook for annual operating profit to 1.34 trillion yen ($87.6 billion), a 2% increase from the previous financial year. It also expects full-year sales to hit 13.2 trillion yen, 4% higher than its November forecast, on…

Club stock Palo Alto Networks dropped Thursday evening on a strong quarter and a solid full-year outlook that were not good enough to satisfy investors’ lofty expectations. Revenue for the cybersecurity company’s fiscal 2025 second quarter increased 14% year over year to $2.26 billion, exceeding the LSEG-complied Wall Street consensus estimate of $2.24 billion. Adjusted earnings per share (EPS) increased 11% to 81 cents in the three months ended Jan. 31, ahead of the 78-cent LSEG consensus estimate. Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies…

A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025.  Bloomberg | Bloomberg | Getty Images Haute couture fashion house Hermes on Friday reported a better-than-expected jump in fourth-quarter sales, proving still strong demand for the most exclusive products in an otherwise turbulent luxury market. The maker of the Birkin handbag posted a 17.6% year-on-year rise in revenues at constant exchange rates to 3.96 billion euros ($4.15 billion) in the three months to Dec. 31, outpacing the 3.69 billion euros forecast by LSEG analysts. Full-year sales hiked by an…

Shares of Roku surged 14% Friday, notching a new 52-week high, on earnings that beat Wall Street expectations. In an interview on CNBC’s “Squawk Box,” CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku. Wood said the company added more than four million new streaming households during its most recent quarter and is on track to reach 100 million streaming households in the next year. The company’s growth was driven in part by the Roku user experience, including promoting content on its home screen, Wood told CNBC’s Julia Boorstin. “We’re the No. 1…

U.S. President Donald Trump signs an executive order establishing the Energy Dominance Council led by Secretary of the Interior Doug Burgum in the Oval Office at the White House on February 14, 2025 in Washington, DC. President Trump signed a second executive order withholding federal funding from schools and universities that impose a COVID-19 vaccine mandate. Andrew Harnik | Getty Images News | Getty Images Trump Media & Technology Group shares were down about 1% in extended trading on Friday after the operator of Truth Social released its 2024 results. Here’s how the company performed: Earnings: Loss of $2.36 per…

Brian Chesky, co-founder and CEO of Airbnb Inc., during a news conference in Los Angeles on May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb shares surged 14.5% and notched their best day ever after the company reported stronger-than-expected fourth-quarter earnings. The stock debuted on the Nasdaq in December 2020, and its sharpest rally to this point came in February 2023. The shares are up about 23% this year. The online rental platform posted earnings of 73 cents per share on $2.48 billion in revenue. That topped analysts’ estimates of 58 cents per share in earnings and $2.42…

Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls.  It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline of its once-booming Covid business.  Shares of Moderna fell more than 4% in premarket trading Friday. Moderna posted a net loss of $1.12 billion, or $2.91 per share for the fourth quarter of 2024. That compares with net income of $217 million, or 55 cents…

Coinbase on Thursday reported better-than-expected fourth-quarter results and its biggest quarterly revenue in three years, strengthened by a raging postelection rally that pushed crypto prices to new high after new high at the end of last year. The stock rose 2% in extended trading. Here’s what the company reported for the fourth quarter compared with what Wall Street expected, according to a survey of analysts by LSEG: Earnings per share: $4.68 vs. $1.81 expected Revenue: $2.27 billion vs. $1.88 billion expected Coinbase, which operates the largest U.S. marketplace for buying and selling cryptocurrencies, reported net income of $1.3 billion, or $4.68 per share, compared…

Germany’s second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. The job cuts will be accompanied by increases in staffing in “selected areas” such as in international locations, resulting in a broadly constant global headcount of 36,700, the bank said in its strategic update. Commerzbank CEO Bettina Orlopp told CNBC’s Annette Weisbach after the news that it was important the job cuts were done in a “very social, responsible way.” She added that she believes the reductions can take place “without…

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings per share: $1.73 vs. $1.24 expected Revenue: $1.37 billion vs. $1.26 billion expected Net income in the quarter more than tripled to $599.2 million, or $1.73 per share, from $172.3 million, or 51 cents per share, a year earlier, the company said in a statement. Revenue jumped 43% from $953.3 million a year earlier. AppLovin…

An exterior view of a CVS pharmacy in Danville, Pennsylvania.  Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs.  The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6 per share, which was in line with Wall Street’s expectations. But CVS did not provide a revenue forecast for the year.  It caps off the first full quarter with David Joyner, a longtime CVS executive, as CEO of the troubled retail drugstore chain. Joyner succeeded…

Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter results. CEO Charles Liang said he is “confident” that the company will file its delayed annual report by the U.S. Securities and Exchange Commission’s Feb. 25 deadline. The company also said it expects to hit $40 billion in revenue in fiscal 2026. Analysts polled by LSEG expected $30 billion in…

James Quincey, CEO of Coca-Cola, speaking on CNBC’s “Squawk Box” outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Coca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting the company to report, based on a survey of analysts by LSEG: Earnings per share: 52 cents expected Revenue: $10.68 billion expected Analysts are expecting the beverage giant to report a 2.5% decline in quarterly sales. Like many consumer companies, Coca-Cola has seen many shoppers become more price sensitive, although premium brands such as…

McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter. But shares of the company rose nearly 5% as executives predicted sales would improve in 2025. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.83 adjusted, meeting expectations Revenue: $6.39 billion vs. $6.44 billion expected Net sales of $6.39 billion were roughly flat compared with the year-ago period. The company’s overall same-store sales growth of 0.4% outperformed Wall Street’s…

Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., during a news conference in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan.  Bloomberg | Bloomberg | Getty Images After a sterling 2024 when Singapore’s biggest bank by assets booked record net profits, DBS CEO Piyush Gupta said that the bank needs to have “agility” and “nimbleness” to navigate a “choppy” 2025 amid unpredictable tariff and monetary policies from the U.S. Speaking in an exclusive interview to CNBC’s JP Ong, Gupta said “we are actually…

Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021. Source: NYSE Shares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and offered rosy guidance. Here’s how the company did: Earnings per share: 45 cents adjusted vs. 34 cents expected by LSEG Revenue: $168.6 million vs. $152.8 million expected by LSEG Doximity is a digital platform for medical professionals that helps clinicians stay current on medical news, manage paperwork, find referrals and carry out telehealth appointments with patients. The company…

Sopa Images | Lightrocket | Getty Images Pinterest shares surged 19.1% after the company beat Wall Street’s fourth-quarter sales estimates and showed robust user growth from a year ago. The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth. Along with the revenue beat, the company offered an upbeat sales outlook. Pinterest said it expects revenues of between $837 million and $852 million during the first quarter, versus LSEG’s estimate of $833 million. “Our strategy is paying off,” Pinterest CEO Bill Ready said in a…

Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn’t dying down in 2025. Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs early this year and throughout earnings calls in the past two weeks. That’s up from $230 billion in total capital expenditures in 2024. Tech companies have already poured many billions of dollars into AI projects since ChatGPT’s 2022 debut, as they race to expand data…

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 jumped 22.8% on Friday after the buy now, pay later company topped Wall Street’s fiscal second-quarter revenue forecast and posted a surprise profit during a strong holiday shopping period. Earnings came in at 23 cents per share, ahead of the 15-cent-per-share loss expected by analysts polled by LSEG. The company also reported $866 million in revenue and showed 47% growth…

An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City. Spencer Platt | Getty Images Several beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance. E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursday posted a revenue beat for its fiscal third quarter, but missed on adjusted earnings per share and cut its full-year guidance to between $1.3 billion and…

Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Earnings per share: 23 cents vs. an expected loss of 15 cents Revenue: $866 million vs. $807 million expected Affirm reported gross merchandise volume, or GMV, of $10.1 billion, topping the average estimate of $9.64 billion, according to StreetAccount, and surpassing $10 billion for the first time. GMV, a key metric that helps gauge the total value of transactions, increased 35% from a year earlier.…

Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter, barely missing analysts’ estimates. The company said in a statement that Amazon Web Services generated $28.79 billion in revenue. Analysts polled by StreetAccount had expected $28.84 billion. AWS growth in the third quarter was just above 19%. AWS remains larger than any other cloud infrastructure…

Maersk shares jumped more than 10% after the shipping giant posted better-than-expected fourth-quarter results on Thursday, putting shares on course for their best daily performance since 2016. Earnings before interest, depreciation, taxes and amortization (EBITDA) rose 26% to $12.13 billion in the full-year stretch and came in at $3.6 billion in the fourth quarter, exceeding the $3 billion analyst forecast for the three-month period cited by Reuters. “We saw growth across all three of our segments. We saw also a pretty strong price environment on the back of that growth and some shortages of capacity, so global trade continuing to…

DETROIT — Ford Motor beat Wall Street’s top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company, as CEO Jim Farley promises improvements in vehicle quality and costs. Shares of Ford fell 5% in after-hours trading. Ford’s forecast this year calls for adjusted earnings before interest and taxes, or EBIT, of $7 billion to $8.5 billion; adjusted free cash flow of $3.5 billion to $4.5 billion; and capital expenditures between $8 billion and $9 billion. For 2024, Ford reported adjusted EBIT of $10.2 billion, or $1.84 in adjusted earnings per share, and net…

Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Shares of Novo Nordisk rose on Wednesday after the company reported better-than-expected net profit in the fourth quarter amid soaring demand for its Wegovy obesity drugs, but forecast a slight slowdown in sales for 2025. Net profit at the Danish pharmaceutical behemoth rose 29% annually to 28.23 billion Danish kroner ($3.98 billion) in the fourth quarter, versus the 26.09 billion Danish kroner anticipated. Full-year net profit climbed 21% to 100.99 billion Danish kroner, also beating estimates of…

AMD CEO Lisa Su. Courtesy: AMD Advanced Micro Devices reported fourth-quarter results on Tuesday that beat Wall Street expectations for sales and earnings, but the stock fell about 4% in extended trading as the company missed estimates in its key data center segment. Here’s how the chipmaker did, versus LSEG consensus estimates for the quarter ended Dec. 28: Earnings per share: $1.09, adjusted, versus $1.08 expected Revenue: $7.66 billion versus $7.53 billion AMD said it expects $7.1 billion in sales in the first quarter, plus or minus $300 million. It projected its gross margin to be about 54%. Analysts expected…

UBS shares lost ground after the lender’s fourth-quarter results and up to $3 billion share buyback plans failed to impress. Switzerland’s largest bank on Tuesday reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a LSEG poll of analysts. Group revenue over the period hit $11.635 billion, versus analyst expectations of $11.64 billion in a LSEG analyst poll. The bank also announced plans to repurchase $1 billion of shares in the first half of 2025, along with up to an additional $2…

Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024.  David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 21% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street’s estimates. Here’s how Palantir did versus estimates from analysts polled by LSEG: Earnings per share: 14 cents, adjusted vs. 11 cents expected Revenue: $828 million vs. $776 million expected Along with the fourth-quarter beat, Palantir offered better-than-expected guidance.…

Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement from the £78 million GoCardless lost the year prior. The firm noted that “restructuring activity” at the end of the full year ending June 2023 contributed to a reduction in operating losses…

The corporate earnings season will reach its halfway point with the busiest week of the reporting period. More than 100 S & P 500 companies are slated to post their latest quarterly reports. Among those are Alphabet, Amazon and Advanced Micro Devices. So far, about 180 S & P 500 members have reported fourth-quarter earnings. Of those, 77% have topped analyst expectations. That’s above the 10-year average beat rate of 75%, according to FactSet . Take a look at CNBC Pro’s breakdown of what’s expected from this week’s key reports. All times are ET. Monday Palantir Technologies is set to…

Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course, and the downtrend is set to continue this year. The second-largest U.S. oil producer, which on Friday became one of the first companies to heed U.S. President Donald Trump’s executive order renaming the Gulf of Mexico the “Gulf of America,” posted adjusted earnings per share of $2.06. That was below Wall Street’s $2.11 estimate, pushing Chevron shares down over…

Microsoft CEO Satya Nadella commented on its “real innovations.” OpenAI’s Sam Altman described it as “clearly a great model.” Apple CEO Tim Cook said “innovation that drives efficiency is a good thing.” And Palantir’s Alex Karp said it shows the importance of “an all-country effort.” The tech CEOs were all talking about China’s DeepSeek, which burst out of obscurity and into the center of the tech universe this week. In the past few days, those execs and many of their peers have addressed questions about the startup lab’s new artificial intelligence model, which has stunned experts and was reportedly much…

Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn’t slowing down despite the emergence of Chinese startup DeepSeek and its more efficient AI models. Revenue in the three months ended Dec. 31 increased 4.6% year over year, to $6.24 billion, missing the $6.33 billion consensus, according to estimates compiled by LSEG. Sales rose 6% on an organic basis, which strips out the impact of currency fluctuations and acquisitions and divestitures. Eaton also said its topline experienced a roughly $80 million headwind tied to Hurricane Helene…

Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 14.9% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. The stock hit a fresh 52-week high and closed at its highest level since April 2022. It was also the stock’s best day since November. Adjusted earnings came in at 96 cents per share, ahead of the 76 cents per share projected by analysts polled by LSEG. Atlassian reported revenues of $1.29 billion, versus the $1.24 billion estimate. For the…

Apple defied the doom and gloom that had been building for weeks. Shares rose roughly 3% Thursday evening after the tech giant reported a slightly better-than-expected quarter. More importantly, guidance for revenue growth in the March quarter was much better feared. Revenue in Apple’s fiscal 2025 first quarter, which ended in December, grew 10% year-over-year to $124.3 billion – exceeding the LSEG estimate of $124.12 billion. Earnings per share increased 10% to $2.40, beating LSEG’s estimate of $2.35. Apple Why we own it: Apple’s dominant hardware and growing services businesses provide a deep competitive moat and plenty of bundling opportunities.…

Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Here’s how the company did in the fourth quarter compared with LSEG estimates: Earnings per share: 13 cents adjusted vs. 12 cents expected Revenue: $14.26 billion vs. $13.81 billion expected Intel’s revenue declined for a…

A Shell logo is displayed on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted adjusted earnings of $23.72 billion for the full-year 2024, compared to annual profit of $28.25 billion a year earlier. Analysts had expected Shell’s full-year 2024 net profit to come in at $24.71 billion, according to an LSEG-compiled consensus. A separate forecast from analysts polled by…

Tesla reported earnings and revenue for the fourth quarter that trailed analysts’ estimates. The stock initially sank in extended trading before rebounding. Here’s how the company did vs. estimates from LSEG: Earnings per share: 73 cents, adjusted, vs 76 cents expected Revenue: $25.71 billion vs $27.26 billion expected Tesla’s revenue increased just 2% from $25.17 billion a year earlier, while automotive revenue sank 8% to $19.8 billion from $21.56 billion in the same quarter last year. Operating income decreased 23% year-over-year to $1.6 billion. The company cited decreased average selling prices across its Model 3 and Y, and S and X lines…

A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Peter Boer | Bloomberg | Getty Images Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns over AI spending. ASML shares surged more than 11% at 8:24 a.m. London time as investor reacted to the results. Here’s how ASML did versus LSEG consensus estimates for the fourth quarter: Net sales: 9.26 billion euros versus 9.07 billion euros expected. Net profit: 2.69…

The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the last year. “While we have room for improvement, we’re making progress as planned, and have confidence we’re on the right track,” CEO Brian Niccol said in a video released on…

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — General Motors is set to report fourth-quarter earnings before the bell Tuesday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: $1.89 adjusted Revenue: $43.93 billion Those results would mark a 2.2% increase in revenue compared with a year earlier and a 52.4% jump in adjusted earnings per share. GM’s 2023 fourth quarter included $42.98 billion in revenue, net income attributable to stockholders of $2.1 billion and…

AT&T’s fourth-quarter wireless subscriber growth surpassed expectations on Monday, fueled by strong demand for its discounted premium plans combining 5G mobile with high-speed fiber data services. The U.S. telecom giant added 482,000 net monthly bill-paying wireless phone subscribers in the holiday quarter, outpacing analysts’ estimated gains of 424,550, according to Visible Alpha. As the pool of potential new wireless customers shrinks in the United States, AT&T’s strategy of bundling high-speed fiber internet with wireless phone services has helped drive growth for the company. AT&T’s investments in fiber would “undoubtedly” drive faster growth in fiber subscribers and revenue, and help valuation…

Passengers wait to board an aircraft of low cost Irish airline Ryanair at the Berlin-Brandenburg airport in Schoenefeld near Berlin, Germany, on March 13, 2024. John Macdougall | Afp | Getty Images Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the December quarter, but once more cut its passenger traffic goal for the fiscal year to the end of March 2026 amid Boeing delivery delays. Europe’s largest low-cost carrier posted after-tax profit of 149 million euros ($155.8 million) for the fiscal third quarter to the end of December, coming in comfortably above expectations. A company poll of analysts…

The busiest week of the earnings season is here, with some of the world’s largest tech companies slated to report. Apple, Microsoft and Meta Platforms are among the roughly 90 S & P 500 companies due to post their latest quarterly figures. General Motors and Starbucks are also on the docket. It’s been a solid earnings season thus far on Wall Street, with the results helping the S & P 500 reach an all-time high last week. About 80 S & P 500 names have posted earnings thus far, with 76% of those topping analyst expectations, per FactSet. Take a…

Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Cloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years. The company sees its adjusted operating margin widening to between 21% and 22% in 2027 as part of a three-year framework for guidance. That’s higher than Visible Alpha’s 19.68% consensus. Twilio’s adjusted operating margin in the most recent quarter was 16.1%. Twilio revealed its new guidance at a Thursday investor event. There, the company’s executives also committed to generating $3 billion in free cash flow…

Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Shares of Burberry jumped as much as 16% on Friday after the company reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp the beleaguered British fashion house. Comparable sales declined 4% in the three months to December. Analysts had anticipated a 12% decrease in a company-compiled consensus estimate. Shares were pared gains slightly to trade up 12.9%…

Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Twilio shares soared 20% on Friday, their biggest gain since the early days of the Covid pandemic, after the cloud communications software vendor issued an uplifting profit forecast for the coming years. The stock jumped to $136.23 at the close, its highest close since 2022. Twilio revealed its new guidance at an investor event Thursday, a little over a year after the company named Khozema Shipchandler as CEO. Shipchandler, who had been Twilio’s president and before that spent 22 years at GE, replaced co-founder Jeff…

Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the year to 6% during the second and third quarters, according to the firm’s earnings presentation. While the year-end pickup was seen across all customer segments and geographies, it was especially fueled by millennials and Gen Z users, where transaction volumes jumped 16%, up from 12% in the third…

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington. Lindsey Wasson | Reuters Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which began 2024 with a midair accident and ended it with a crippling labor strike and layoffs. The company said it expects to post a loss of $5.46 per share for the fourth quarter. It said it expects its revenue to be $15.2 billion, less than analysts’ expectations, according to…

American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending its shares down more than 7% in afternoon trading. The carrier forecast an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025 based on current demand trends and a fuel price forecast, a wider loss than the 4 cents analysts were expecting, according to LSEG. The airline said it expects unit costs, excluding fuel, to rise in the low-single-digit percentage points over the first quarter of 2024 driven by lower capacity, which it expects to fall as much as…

Here are the stocks making the biggest moves in the evening of Wednesday, Jan. 22. Electronic Arts — Shares of the video game publisher fell 10% after the company lowered its fiscal third quarter and full-year guidance for net bookings. The company said a slowdown for its Global Football franchise was a key reason for the change. Discover Financial — The payments stock gained roughly 1% after Discover’s earnings topped Wall Street estimates. Discover reported $5.11 in earnings per share for the fourth quarter, while analysts surveyed by LSEG were looking for $3.25 per share. Net income more than tripled…

Club holding Abbott Laboratories on Wednesday reported mixed fourth-quarter results and 2025 guidance. Still, shares of the medical device maker are up more than 1%, in a sign that investors had low expectations into the release. Revenue in the three months ended Dec. 31 rose 7.2% to $10.97 billion, missing estimates of $11.01 billion, according to data provider LSEG. Organic sales, excluding Covid-19 testing results, were up 10.1% from the year-ago period. Adjusted earnings per share (EPS) of $1.34 matched expectations, LSEG data shows. Bottom line We hoped to see cleaner results from Abbott Labs, but there’s enough under the…

The word “Netflix” shines brightly at the presentation of the new season (3) of the Netflix series “Bridgerton” in the Flora. Rolf Vennenbernd | Picture Alliance | Getty Images Netflix is hiking the price of most of its U.S. plans. The streaming giant announced on Tuesday that its standard plan without commercials will increase from $15.49 a month to $17.99. Its cheaper, ad-supported plan, which was more recently introduced to attract more subscribers, will increase from $6.99 per month to $7.99. In addition, the monthly cost of Netflix’s premium plan will increase from $22.99 to $24.99. The company, which reported…

Nurphoto | Nurphoto | Getty Images LOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday. Wall Street will be paying close attention to details surrounding the company’s advertising-supported business model, its recent collection of live sporting events and the continued impact of its password crackdown on subscriber numbers. After all, this is expected to be the last time Netflix will report subscriber data to shareholders, as it plans to focus on revenue and other financial metrics as performance indicators. Here’s what Wall Street expects for the company’s most recent quarter:  Earnings per share: $4.20, according…

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: Earnings: $4.81 a share vs. $4.11 LSEG estimate Revenue: $43.74 billion vs. $41.73 billion expected The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier, when the firm had a $2.9 billion FDIC assessment tied to regional bank failures. Revenue climbed 10% to $43.74 billion, helped by Wall Street operations and better-than-expected net interest income of $23.47…

BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended Dec. 31 exceeded expectations of $5.49 billion, according to LSEG. Adjusted earnings per share (EPS) of $11.93 topped the consensus estimate of $11.19, LSEG data showed. Assets under management (AUM) totaled $11.55 trillion at the end of the quarter, a bit shy of the $11.65 trillion estimate, according to FactSet. BLK .SPX 1Y mountain BlackRock’s stock performance over the past 12 months versus the S &…

Wells Fargo shares rallied Wednesday after the bank delivered better-than-expected earnings for the fourth quarter. While the reported numbers were solid, an upbeat outlook for 2025 stole the show. Total revenue for the three months ended Dec. 31 dipped 0.5% year over year to $20.38 billion — missing analysts’ expectations of $20.59 billion, according to market data provider LSEG. Adjusted earnings per share of $1.58 per share exceeded Wall Street’s consensus estimate of $1.35 per share, LSEG data showed. On its release, Wells Fargo only reported generally accepted accounting principles (GAAP) earnings per share. That number was $1.43 per share for…

It’s a short week on Wall Street, but there are major earnings reports on deck that could move the stock market. Netflix, Johnson & Johnson and United Airlines are among the 35 S & P 500 companies slated to post their latest quarterly figures. Those come after a week in which big banks reported blockbuster numbers. JPMorgan Chase had a record fourth quarter, while Goldman Sachs and Morgan Stanley cleared analyst expectations through strong trading revenue. Overall, just over 40 S & P 500 companies have reported thus far. Of those, 76% have beaten analyst expectations, according to FactSet. Take…

The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020. Mike Blake | Reuters UnitedHealth’s fourth-quarter revenue missed Wall Street estimates on weakness in its health insurance business and the company also reported higher-than-expected annual medical costs, sending its shares down nearly 5% before the bell on Thursday. The company’s results come a month after Brian Thompson, the CEO of UnitedHealth’s insurance unit was killed, igniting a conversation over frustrations related to navigating the U.S. health insurance system. UnitedHealth’s annual medical cost ratio — the percentage of premiums…

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Thursday topped estimates for fourth-quarter earnings and revenue as the firm’s equities and fixed income traders exceeded expectations. Here’s what the company reported: Earnings: $2.22 a share vs. $1.70 LSEG estimate Revenue: $16.22 billion, vs. $15.03 billion estimate The bank said quarterly profit more than doubled to $3.71 billion, or $2.22 a share, from a year earlier, when it had a pair of regulatory charges. Revenue rose 26% to…

Apple stock should get better, but not quite yet. The news Evercore ISI added Apple to its tactical outperform list on Friday — one session after the stock had its worst performance since early August on reports showing iPhone softness in China. The analysts, however, argued that shares are well positioned with lower expectations going into Apple’s fiscal 2025 first quarter, released on Jan. 30 after the closing bell. The three-month period ended in December covers the holiday shopping season. Evercore expects an in-line print, “with continued emerging market growth and strength from Services and Wearables (new AirPods and Watch).”…

Bank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here’s what the company reported: Earnings: 82 cents vs. 77 cents expected, according to LSEG Revenue: $25.5 billion vs. $25.19 billion expected The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier, when the bank had a $2.1 billion Federal Deposit Insurance Corp. assessment tied to the 2023 regional bank failures and a $1.6 billion charge tied to accounting on interest rate swaps. Revenue jumped 15% to $25.5 billion on…

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company’s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to surge. Here are TSMC’s fourth-quarter results versus LSEG consensus estimates: Net revenue: 868.46 billion New Taiwan dollars ($26.36 billion), vs. NT$850.08 billion expected Net income: NT$374.68 billion, vs. NT$366.61 billion expected TSMC profit rose 57% from a year earlier to a…

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Shares of Cartier owner Richemont jumped on Thursday after the luxury group reported a 10% increase in fiscal third-quarter sales even as China demand weighed. Sales rose to 6.2 billion euros ($6.38 billion) at constant exchange rates in the three months to the end of December, which the Swiss luxury brand dubbed its “highest ever” quarterly sales figure. That was well above 1% increase expected by analysts in a consensus cited…