Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22% year over year to $13.9 billion, far outpacing expectations of $12.4 billion, according to estimates compiled by LSEG. Earnings per share (EPS) more than doubled versus the year-ago period, coming in at $11.95 and exceeding the $8.22 expected, according to LSEG. Bottom line Goldman Sachs delivered a fantastic set of results to close out the year. We are reiterating our buy-equivalent 1 rating and…

Citigroup shares jumped Wednesday after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank. “2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses. Our net income was up nearly 40% to $12.7 billion and we exceeded our full-year revenue target, including record years in Services, Wealth and U.S. Personal Banking,” CEO Jane Fraser said in a press release. Shares of the company rose nearly 7%. Here is how the company did relative to LSEG analyst consensus estimates: Earnings: $1.34 a…

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $8.22 per share, according to LSEG Revenue: $12.39 billion, according to LSEG Trading Revenue: Fixed Income of $2.45 billion, Equities of $3 billion, per StreetAccount Investing Banking Revenue: $2.01 billion, per StreetAccount Goldman Sachs is riding a wave of enthusiasm over a rebound in Wall Street deals. The bank’s shares jumped…

ORLANDO, Fla. — Big-name retailers posted largely better-than-expected early holiday results on Monday, but their shares fell as Wall Street came away unimpressed. Lululemon, Abercrombie & Fitch and American Eagle raised their fourth-quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Urban Outfitters also saw strong holiday growth, but Macy’s said its key quarter was going worse than it had anticipated. Still, shares of all those companies traded lower early Monday, and many fell by more than 5%. Abercrombie’s stock tumbled the most and was down about 20%, as investors wonder if its rapid…

The corporate earnings season kicks off in earnest this week, led by the six major U.S. banks. Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America are all scheduled to post fourth-quarter results. UnitedHealth is also among the roughly 20 S & P 500 names on deck to report. Expectations for the reporting period are high, with analysts estimating nearly 12% year-on-year earnings growth for the fourth quarter, according to FactSet data. If that’s the case, it would be the strongest yearly profit expansion since the fourth quarter of 2021. Take a look at CNBC Pro’s…

The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s largest chip manufacturer reported fourth-quarter revenue of 868.5 billion New Taiwan dollars ($26.3 billion), according to CNBC calculations, up 38.8% year-on-year. That beat Refinitiv consensus estimates of 850.1 billion New Taiwan dollars. For 2024, TSMC’s revenue totaled 2.9 trillion New Taiwan Dollars, its highest annual…

Constellation Brands put up such disappointing quarterly results before Friday’s opening bell that we’re having second thoughts about whether the beer, wine and spirits stock still belongs in the portfolio. Net sales for the three months ended Nov. 30 were largely flat year over year, coming in at $2.46 billion, missing the $2.53 billion expected, according to analysts’ estimates compiled by LSEG. Adjusted earnings per share (EPS) of $3.25 in the company’s fiscal 2025 third quarter were a penny shy of last year and missed estimates of $3.31, LSEG data showed. Constellation Brands Why we own it : Constellation Brands’…

Ed Bastian, CEO of Delta Airlines, speaking on CNBC’s Power Lunch on Dec. 17th, 2024. Adam Jeffery | CNBC Delta Air Lines‘ first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian said will likely be the carrier’s best ever. Delta said it expects to generate more than $4 billion in free cash this year, up 18% from 2024 and in the midpoint of its annual target of between $3 billion and $5 billion. For the full year, it expects annual adjusted earnings more than of $7.35 per…

People make their way near a Walgreens pharmacy on March 09, 2023 in New York City.  Leonardo Munoz | Corbis News | Getty Images Walgreens on Friday reported fiscal first-quarter earnings and revenue that topped expectations, as it shutters stores and cuts other costs to steer itself out of a rough spot. Here’s what Walgreens reported for the three-month period ended Nov. 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 51 cents adjusted vs. 37 cents expected Revenue: $39.46 billion vs. $37.36 billion expected Even after the big beats,…

A man with a face mask walks past the logo of Foxconn, or Hon Hai Group , which is Taiwans technology giant and the worlds leading producer of semiconductors or chips particularly for Apples devices, amid COVID-19 outbreak , in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 15.2% to 2.13 trillion New Taiwan dollars ($64.72 billion), Foxconn said in…

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 Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. The electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. That included production of 3,386 units and delivery of 3,099 vehicles during the fourth quarter, the company said. Last year’s results represented a 71% increase in deliveries and 7%…

Employees works on the production floor of the SUSTAINera Circular Economy Hub at Stellantis NV’s Mirafiori complex in Turin, Italy, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday. To address overcapacity in Italy, the group has relied heavily on state-funded temporary layoff schemes. Stellantis in December presented a plan to boost production, but an increase is only expected from 2026 thanks to the launch of new models. The FIM-CISL union said Stellantis,…

Another earning season is over. The winners? Most of our stocks. Twenty-three out of 33 portfolio names delivered third-quarter reports were deemed good or great by the Investing Club, thanks partly to a still-strong consumer and largely to the massive build out of all things AI. Case in point: In the S & P 500, 86% of technology companies beat sales estimates for the third quarter, according to FactSet data. That was followed by healthcare (79%) and real estate (74%). Communication services led all sectors for bottom-line beats, with 95%, followed by technology, at 86%. Two big moves to note.…

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.  Mario Tama | Getty Images Shares of Rivian Automotive recorded their best day ever after the electric vehicle maker reported 2024 production and deliveries that were in line with its previously announced expectations. Rivian stock closed Friday at $16.49 per share, up 24.5% during the session. That is the largest daily percentage increase for the stock since the EV maker went public in November 2021, according to FactSet. The prior record was 23.2%, set in June. Rivian on Friday said it produced…

Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 Total annual production 2024: 1,773,443 Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023. It reported 484,507 deliveries in the fourth quarter of 2023. Tesla shares fell by as much as 7% in trading on Thursday before rebounding on Friday. Analysts had expected Tesla to report deliveries in the quarter of 504,770, including 474,000 Model 3 and Model Y…

A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024.  Benoit Tessier | Reuters FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business. Shares jumped 8% in after-hours trading, adding $5 billion to FedEx’s market capitalization. Analysts believe the spinoff could unlock up to $20 billion in shareholder value, while clearing the way for FedEx management to zero in on merging operations of its separate Express and Ground units to boost…

Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024. Frederic J. Brown | Afp | Getty Images Nike’s turnaround will take a bit longer than expected under new CEO Elliott Hill, who outlined his strategy to return the company to growth on Thursday after the retailer blamed deep discounting for declining revenue and profit. The sneaker giant has been relying on promotions to drive sales, and it plans to return its online business to a full-price model, but first, it will need to aggressively liquidate old inventory through “less profitable channels,” said Hill…

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company rose 8% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.03 adjusted vs. $2.02 expected Revenue: $2.89 billion vs. $2.9 billion expected Darden reported fiscal second-quarter net income of $215.1 million, or $1.82 per…

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.  Brendan Mcdermid | Reuters Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat for the latest period. Here’s how the company did compared to analysts’ expectations surveyed by LSEG: Earnings per share: $1.79, adjusted vs. $1.75 expected Revenue: $8.71 billion vs. $8.71 billion expected For the second quarter, Micron said it expects revenue of $7.9 billion, plus or…

Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021. John Thys | Reuters Pfizer on Tuesday forecast 2025 profits roughly in line with Wall Street expectations, offering some relief to investors after a tumultuous year during which it attracted criticism from activist hedge fund Starboard Value. Shares of Pfizer rose about 2% in premarket trading after the drugmaker also said it was expecting 2025 sales of its Covid-19 vaccine and drug to be consistent with 2024 levels. The…

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares fell 14% on Thursday, their steepest drop since September 2022, after the software vendor issued disappointing revenue guidance. Sales in the fiscal first quarter will be between $5.63 billion and $5.68 billion, Adobe said in its fourth-quarter earnings report late Wednesday. Analysts on average were expecting revenue of $5.73 billion, according to LSEG. Analysts at TD Cowen downgraded the stock to hold from buy, while Wells Fargo kept its buy rating…

Broadcom shares soared Thursday after the chipmaker demonstrated strong profitability in its fourth quarter and provided a slew of upbeat updates on its artificial intelligence business — a mix so good that investors looked past a minor sales miss. Revenue in the fiscal 2024 fourth quarter increased 51% year over year to $14.05 billion, missing analysts’ forecasts of $14.09 billion, according to estimates compiled by LSEG. Excluding the contribution from VMWare, Broadcom’s organic sales grew 11% year over year. Adjusted earnings per share (EPS) increased 28% from the year-ago period to $1.42, which exceeded expectations of $1.38, LSEG data showed.…

Costco on Thursday evening reported a solid quarter, beating on both the top and bottom lines. The warehouse club is clearly taking share from other retailers due to its focus on newness, quality, and value. With gross margins and paid memberships trending higher, this rally to fresh highs can continue. Total revenue in its first quarter of fiscal year 2025 totaled $62.15 billion, beating analysts’ expectations of $62.08 billion, according to estimates compiled by LSEG. Earnings per share in the period increased nearly 13% year over year to $4.04, topping analysts’ forecasts of $3.79, LSEG data showed. EPS included a…

Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture. On the membership-based warehouse club’s earnings call, Chief Financial Officer Gary Millerchip said customers have remained selective with purchases. But, he added, they have shown they’re willing to spend, especially as inflation comes down, if they see a “combination of newness of items, quality and value.” He said Costco’s strong sales of meat and produce indicate that shoppers are dining out less and cooking at home more. And, he added, the retailer has seen a “bifurcation with the…

A Macy’s store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024.  David Paul Morris | Bloomberg | Getty Images Macy’s on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years and has revised those years of its historical financial statements. In a statement, CEO Tony Spring, who stepped into the role in February, said Macy’s is “strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong…

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Sunday, Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped almost 7%, their steepest decline in a year, following the database software vendor’s disappointing earnings report. The stock’s worst day of 2024 had been a 5.4% decline in May. The shares are still up about 69% for the year, which would be the best annual performance since the dot-com boom of 1999. After the close Monday, Oracle reported adjusted earnings per share for the…

Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. Justin Sullivan | Getty Images News | Getty Images Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates and issued a weaker-than-expected forecast. Here is how Oracle did compared to LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected Revenue: $14.06 billion vs. $14.1 billion expected Oracle’s second-quarter sales grew 9% year over year. Net income increased 26% to $3.15 billion, or $1.10…

Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell’s fell short of market expectations for quarterly net sales on Tuesday and named insider Mick Beekhuizen as its new chief executive officer, as the company sharpens focus on a more diverse range of packaged food products amid choppy consumer demand. Campbell’s shares were down about 4% in extended trading after the company also reaffirmed its annual sales and profit targets, with total net sales falling shy of market expectations. Legacy packaged food companies such as Campbell’s have…

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares were up 9% on Tuesday after the company’s fiscal third-quarter earnings report showed revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.41 adjusted vs. $2.44 expected Revenue: $9.44 billion vs. $9.34 billion expected The company’s revenue grew 8% year over year during the fiscal third quarter, which ended…

Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Still, on a call with analysts, CEO Calvin McDonald took a cautious tone when discussing the company’s fourth quarter outlook. “While we feel good about the start of the holiday season, we still have large volume weeks in front of us,” said McDonald. “Given the shorter holiday…

Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care. The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared with its previous guidance for $11 billion to $11.2 billion. It said it now expects full-year earnings per year to range from $23.20 to $23.75, up from $22.60 to $23.50. For the full year, the comparable sales forecast ranges from a decline of 1%…

Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and issued a solid forecast for the current period. But most importantly, the company showed that Agentforce, its new AI platform, may kickstart revenue growth in the future. Revenue in the fiscal 2025 third quarter increased 8% year over year to $9.44 billion, above both the high end of guidance and the $9.35 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $2.41 increased 14% on an annual basis, missing the $2.44 projected by analysts, LSEG data…

A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle shares dropped about 13% in extended trading Wednesday after the company reported third-quarter earnings in which it issued weak holiday guidance and cut its full-year forecast. The company said it’s contending with value-seeking consumers who are only willing to spend during key shopping moments.  The apparel retailer narrowly missed Wall Street’s expectations on the top line, but beat on the bottom line.  Here’s how American Eagle performed during its fiscal third quarter compared with what Wall Street was…

Foot Locker store location on 34th street in New York City. Courtesy: Foot Locker Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results.  The sneaker giant fell short of Wall Street’s expectations on the top and bottom lines and blamed the miss on soft consumer demand and elevated promotions across the marketplace.  Foot Locker shares dropped 7% in premarket trading after it posted the results. Here’s how Foot Locker did in its third fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share:…

File photo of Todd McKinnon, chief executive officer of Okta Inc. Bloomberg | Bloomberg | Getty Images Shares of Okta popped more than 18% in extended trading Tuesday after the identity management company released third-quarter results that beat analysts’ estimates and offered rosy guidance. Here’s how the company did: Earnings per share: 67 cents adjusted vs. 58 cents expected by LSEG Revenue: $665 million vs. $650 million expected by LSEG Okta helps companies manage employees’ access to applications or devices with features such as single sign-on and multifactor authentication. The company swung to profitability, reporting net income of $16 million,…

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its price target on Palo Alto Networks to $455 from $395, implying a nearly 18% upside from Monday’s close. The analysts said that recent channel commentary not only “sounded notably more positive” ahead of the quarter, but also had a “strong emphasis on solid execution across the board.” They maintained their buy-equivalent rating on shares. On Tuesday, Jefferies went to $450 a share from $400, with analysts expecting healthy results. In addition, Truist on Monday raised its price target…

An exterior view of the Kohl’s store at the Paxton Town Centre near Harrisburg. Paul Weaver | Lightrocket | Getty Images Kohl’s on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers as it navigates a CEO change ahead of a deal-heavy holiday shopping season. Shares of the Menomonee Falls, Wisconsin-based company fell 18% before the bell, as it also reported worse-than-expected third-quarter results. The weak forecast underscores an uncertain holiday season for the retail sector, which could lean in favor of competitors such as Walmart and…

Abercrombie & Fitch isn’t giving up its crown anytime soon.  The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations. The recent arrest of the company’s former CEO, Mike Jeffries, on charges of sex trafficking did not appear to affect results. Here’s how Abercrombie did in its fiscal third quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $2.50 vs. $2.39 expected Revenue: $1.21 billion vs. $1.19 billion expected The company’s reported net income…

The Dick’s Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an “excellent” back-to-school shopping season and better-than-expected comparable sales for its third quarter.  The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. That’s ahead of the 3.4% growth that Wall Street analysts had expected, according to StreetAccount.  Dick’s beat expectations on the…

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 Tuesday’s key moments. 1. The S & P 500 and the Nasdaq Composite edged higher Tuesday as Wall Street assessed President-elect Donald Trump’s plans, announced Monday evening, to impose new tariffs on imports from Canada, Mexico and China. Meanwhile, the Dow Jones Industrial Average fell slightly. The U.S. market will be closed Thursday for Thanksgiving, and closes at 1 p.m. ET on Friday. Jim Cramer said he usually approaches Thanksgiving week by buying shares Wednesday and selling during…

Best Buy ‘s quarter came up short of expectations, with the misses compounded by downward revisions to management’s outlook for the remainder of the year. We were not surprised by Tuesday morning’s print and have a plan. Revenue in the company’s fiscal 2025 third quarter fell 3.2% year over year to $9.45 billion, missing the $9.76 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share in the three months ended Nov. 2 dropped 2.3% to $1.26, also coming up short. LSEG estimates called for EPS of $1.29. BBY YTD mountain Best Buy YTD These were…

Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street’s quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren’t enough to drive higher sales. The consumer electronics retailer said it now expects full-year revenue to range from $41.1 billion to $41.5 billion, compared with prior guidance of $41.3 billion to $41.9 billion. It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared with its prior expectations of a 1.5% to 3% drop. Comparable sales includes sales online and at stores open for at least 14 months.…

Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023. Kevin Dietsch | Getty Images Workday shares slipped as much as 11% in extended trading Tuesday after the human resources and finance software maker issued a quarterly forecast that came in below Wall Street projections. For the fiscal fourth quarter, Workday called for an adjusted operating margin of 25% on $2.03 billion in subscription revenue. Analysts polled by StreetAccount were looking for a 25.5% margin and $2.04 billion in subscription revenue. Here’s how the company…

Dell Technologies forecast fourth-quarter revenue and earnings below Wall Street expectations Tuesday, despite bullish commentary from the company on AI sales growth. The PC maker reported quarterly earnings Tuesday that beat analyst expectations for earnings per share but came up light on overall revenue. Shares fell 10% in after-hours trading. Here’s how Dell did for the fiscal third quarter versus LSEG consensus estimates for the quarter ending Nov. 1: Earnings per share: $2.15 adjusted versus $2.06 expected Revenue: $24.4 billion versus $24.67 billion expected Net income climbed 12% to $1.12 billion, or $1.58 per share, from about $1 billion, or…

A sign is posted in front of a Hewlett-Packard (HP) office on May 29, 2024 in Palo Alto, California. Justin Sullivan  | Getty Images HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. Besides, demand for AI-powered PCs has remained muted in the mass market even as it increased in the corporate and educational sectors thanks to businesses and institutions looking to upgrade their devices. While…

CrowdStrike Holdings Inc. signage on the floor of the New York Stock Exchange on July 22, 2024. Michael Nagle | Bloomberg | Getty Images Cybersecurity firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue estimates on Tuesday, betting on growing demand for cybersecurity services amid increasing online threats. Businesses are increasingly investing in Crowdstrike’s comprehensive cybersecurity services to combat the widespread threat of online hacking and digital fraud. Several companies, including AT&T, Live Nation Entertainment’s Ticketmaster unit and UnitedHealth Group have been targeted by online hacking attempts this year. Shares of Crowdstrike were down about 2%…

EasyJet on Wednesday reported record revenue from charging passengers for flight add-ons such as extra baggage in the full year to October, as the budget airline’s CEO criticized a recent Spanish fine over the practice. The easyJet group, which comprises an airline and a package holiday provider, said ancillary revenue — which includes additional luggage allowances, seat selection, priority boarding, in-flight meals and its holiday business — increased 22% to £3.59 billion ($4.5 billion) year-on-year. Of that, £2.46 billion was from the airlines segment, up 13% annually. Many airlines have stripped back what they include in their flight fares in…

CrowdStrike delivered a very good quarter after Tuesday’s closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Nonetheless, shares of the cybersecurity firm were selling off as traders booked profits, perhaps because the current quarter profit guide came in a penny below expectations. The stock drop plays right into our hands. Revenue during CrowdStrike’s fiscal 2025 third quarter increased 29% year over year to $1.01 billion, beating the consensus estimate of $928 million, which was compiled by LSEG. It marks the first time quarterly revenue exceeded the $1 billion milestone. Adjusted earnings per share advanced…

A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images Nordstrom on Tuesday beat Wall Street’s quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company’s namesake department store and its off-price chain. Yet despite its better-than-expected quarter, the Seattle-based retailer gave only a slightly rosier full-year sales forecast — taking a conservative stance as it gears up for the busiest weeks of the holiday season. The company said it now expects full-year…

A shopper carries a Macy’s bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024.  David Paul Morris | Bloomberg | Getty Images Macy’s on Monday said it will delay its full earnings release as it investigates an accounting problem stemming from an employee who the company said intentionally hid up to $154 million in delivery expenses. The department store owner was slated to report its quarterly earnings before the opening bell on Tuesday. In a news release, Macy’s said it is completing an investigation after finding “an issue related to delivery expenses in one of…

Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were flat in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave guidance in line with expectations. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.38 adjusted vs. $1.31 expected Revenue: $1.18 billion vs. $1.16 billion expected Zoom’s revenue grew about 4% year over year in the quarter, which ended on Oct. 31, according to a…

TJX Cos. touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. TJX comfortably beat Wall Street’s expectations during its fiscal third quarter, but it’s expecting earnings per share for its holiday quarter to be between $1.12 and $1.14, behind expectations of $1.18, according to LSEG. Here’s how TJX performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $1.14 vs. $1.09 expected Revenue: $14.06 billion vs. $13.95 billion expected The company’s reported net…

TJX Companies delivered strong quarterly results before Wednesday’s opening bell. While guidance was a bit below expectations, it was not overly concerning given the off-price retailer’s proclivity to under-promise and over-deliver. Revenue during TJX’s fiscal 2025 third quarter ended Nov. 2 rose 6% year-over-year to $14.06 billion, beating the LSEG-compiled consensus estimate of $13.95 billion. Adjusted earnings per share advanced 10.7% to $1.14, exceeding the EPS estimate of $1.09 per share. TJX YTD mountain TJX Companies YTD Wall Street seemed to come around to that way of thinking as shares of the company behind T.J. Maxx, Marshalls, and HomeGoods reversed…

Don’t sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday’s closing bell. The cybersecurity company delivered strong fiscal 2025 first-quarter results, beating estimates on basically every line. It also raised full-year guidance across several key metrics. However, the recently rallying stock fell victim to profit-taking as the new outlook failed to satisfy lofty investor expectations. Revenue for Palo Alto’s quarter ending Oct. 31 increased 14% year over year to $2.14 billion, exceeding the consensus estimate of $2.12 billion that was compiled by LSEG. Adjusted earnings per share increased 13% to $1.56,…

Lowe’s beat Wall Street’s quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales. Yet even with the better-than-expected results, the home improvement retailer is projecting a year-over-year sales decline. The company updated its full-year guidance on Tuesday, and now expects total sales of between $83 billion and $83.5 billion, higher than its previous forecast for $82.7 billion to $83.2 billion. It said it expects comparable sales to decline 3% to 3.5%, slightly better than the 3.5% to 4% drop that it had previously anticipated. Lowe’s is lapping a year-ago period when the company lowered its…

Nvidia reported third-quarter earnings that beat expectations for sales and earnings while delivering a better-than-expected forecast for the current quarter. The results show that Nvidia is continuing to grow quickly while demand for its powerful artificial intelligence chips remains high. Shares fell 2% in extended trading. Here’s how the company did, compared to LSEG analysts’ expectations: Earnings per share: 81 cents adjusted vs. 75 cents expected Revenue: $35.08 billion vs. $33.16 billion expected Nvidia said it expects about $37.5 billion plus or minus 2% in current-quarter sales, versus $37.08 billion expected by analysts polled by LSEG. The fourth-quarter forecast implies year-to-year growth…

Stock traders on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images News | Getty Images Many large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. Two companies — Axon Enterprise (AXON), which provides law-enforcement technology, and Tesla (TSLA), the electric-vehicle maker led by Elon Musk, an advisor to President-elect Donald…

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to some sales being delayed. Here’s how the company performed in comparison with LSEG consensus: Earnings per share: $2.50 adjusted vs. $2.35 expected Revenue: $3.28 billion vs. $3.14 billion Revenue increased 10% year over year in the quarter, which ended Oct. 31, according to a statement. Net…

Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year.  Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales to be up between 1.5% and 2%, compared with previous guidance of “up slightly.” That’s ahead of the 0.4% growth that LSEG analysts had expected, and bodes well for the all-important holiday shopping season, which is now underway.  The company is also anticipating gross margins and operating…

Nvidia shares moved lower Wednesday evening despite another beat-and-raise quarter. Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. That’s not a concern to us, though, because Nvidia’s underlying fundamentals and long-term outlook appear to be as healthy as ever. Revenue surged 94% year over year to a record $35.08 billion, easily outpacing the $33.16 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share more than doubled to 81 cents, exceeding the consensus estimate of 75 cents, LSEG data showed. Current quarter guidance…

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell. NYSE Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Here’s how the company did, compared to LSEG analyst expectations: Earnings per share: 20 cents, adjusted vs. 15 cents expected Revenue: $942 million vs. $897 million expected Snowflake’s total revenue rose 28% year over year in…

People are seen at the parking lot of a Target store in Selinsgrove.  Paul Weaver | Lightrocket | Getty Images Target will report fiscal third-quarter earnings on Wednesday and offer the latest clues on how the holiday season is shaping up for retailers, as the company tries to woo deal-hunting shoppers. Here’s what the discounter is expected to report, according to a survey of analysts by LSEG: Earnings per share: $2.30 Revenue: $25.90 billion The big-box retailer, which is known for its cheap chic spin on clothing, home goods and other discretionary merchandise, has struggled to attract steady foot traffic…

The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart raised its forecast on Tuesday, as its customers bought more discretionary merchandise, ordered more deliveries to their homes and started their holiday shopping. The discounter now expects net sales will grow between 4.8% and 5.1% for the full year. That compares with its previous forecast for between 3.75% and 4.75% sales growth for the period. The updated outlook came as Walmart posted third-quarter earnings and revenue that beat expectations.  In a CNBC interview, Chief Financial Officer John David…

A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Shares of Germany’s Thyssenkrupp jumped on Tuesday after the company posted a narrowed net loss and a 1-billion-euro ($1.06 billion) impairment on the firm’s struggling steel division. The company’s Frankfurt-listed stock was up 7.5% at 8:48 a.m. London time. Thyssenkrupp posted adjusted earnings before interest and taxes of 151 million euros in the fourth quarter, coming in above a Visible Alpha consensus of 120 million euros, according to Reuters.…

GUANGZHOU, CHINA – NOVEMBER 15, 2024 – Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China’s Guangdong province, Nov 15, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images China’s Xiaomi Corp said on Monday it aimed to deliver 130,000 electric vehicles this year, raising its forecast for the third time as the automaker upstart posted a 30.5% jump in third-quarter revenue. CEO Lei Jun said on his social media account that the electronics maker was raising its goal from a previous target…

Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected Rivian said it now expects adjusted earnings before interest, taxes, depreciation and amortization of between a loss of $2.83 billion and a loss of $2.88 billion. That compares to a previous guidance of a roughly $2.7 billion loss. But Rivian reconfirmed plans Thursday to achieve a “modest…

Home Depot‘s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday. The retailer also raised its full-year outlook to reflect its better-than-expected third-quarter results and some increased hurricane-related demand in the current quarter. It now projects total sales to increase about 4%, including the impact of acquiring SRS Distribution. It previously expected total sales to rise by between 2.5% and 3.5% for the year. Both of those outlooks include a…

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 Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter ended Sept. 30, spurred by growth in games, advertising and cloud services. Tencent reported profit attributable to shareholders surged by 47% year-on-year to 53.23 billion yuan ($7.37 billion) in the third quarter, compared with an LSEG estimate of 46.18 billion yuan for the period. Management said they expected Tencent would generate “significant” free cash…

Cisco CEO Chuck Robbins speaks at The Wall Street Journal’s Future of Everything Festival in New York on May 21, 2024. Dia Dipasupil | Getty Images Cisco reported a fourth straight quarter of declining revenue even as results topped analysts’ estimates. The stock slipped 2.5% in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 87 cents expected Revenue: $13.84 billion vs. $13.77 billion expected Cisco’s revenue dropped 6% in the quarter ended Oct. 26, from $14.7 billion a year earlier, according to a statement. Net income fell to $2.71…

CNBC’s Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. And as postelection worries create an uncertain market landscape, he advised that investors proceed with caution. “Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump 2.0. Most of them are buying opportunities,” he said. “But with stocks still up so much from a few months ago, you can’t be too eager to buy the dips.” On Monday, Cramer will be waiting for an investor meeting from Vertiv, which supplies companies…

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year on year to 43.9 billion yuan ($6.07 billion) in the company’s quarter ended Sept. 30, on the back of the performance of its equity investments. This compares with an LSEG forecast of 25.83 billion yuan. “The year-over-year increases were primarily attributable to the mark-to-market changes from our equity investments, decrease in impairment of our investments and…

Scene from the FX series Shogun. Source: Disney | FX Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company’s chief financial officer, Hugh Johnston, said Thursday on CNBC’s “Squawk Box” that the “cost is probably more than the benefit” when it comes to separating its TV networks business, given the “operational complexity.” The future of the traditional TV network business has been top of mind in the media industry. In late October, Comcast executives said they were exploring a separation of the cable…

Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger’s turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) jumped 39% year over year to $1.14, outpacing the $1.10 estimate, LSEG data showed. Shares of Disney popped 10% on the results. Bottom line It was a great quarter. Sales and earnings beat. The…

A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, 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 on Thursday, according to…

CEO Peter Beck stands in half a fairing (the rocket’s nosecone) of the company’s coming Neutron vehcile. Rocket Lab Rocket Lab shares surged in trading Wednesday, heading for a new all-time high, after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. Shares of Rocket Lab jumped as much as 53% in Wednesday trading, up from its previous Tuesday close at $14.66 a share. The stock is on track to hit an all-time high after crossing above its previous highest close of $20.72 a share in September 2021, which came shortly after the company…

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Here’s how the company did, compared with what analysts expected: Earnings per share: 1.45 euros vs. 1.72 euros expected by LSEG Revenue: 3.99 billion euros vs. 4.02 billion euros expected by LSEG Monthly active users (MAUs): 640 million vs. 639 million expected by StreetAccount While the company’s earnings and revenue for…

Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Net sales in the three months ended Oct. 27 rose 6.6% year over year to $40.2 billion, outpacing the $39.3 billion estimate, according to LSEG. Adjusted earnings per share (EPS) decreased 1.8% year over year to $3.78 per share, but exceeded expectations of $3.64 per share, LSEG data showed. Same store sales on a companywide basis were down 1.3%, while U.S. same store sales fell 1.2% versus the year ago period. Both results were better than expectations of declines…

The SoftBank Corp. logo displayed on a glass door of the company’s store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty Images Toru Hanai | Bloomberg | Getty Images Japanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, posting a steep quarterly increase after swinging back to black in the three months to June. The broader Vision Fund segment as a whole, which also factors…

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. As markets opened on Monday, the stock fell as much as 6.2%, before later recovering to trade lower by 3.57%. Stock Chart IconStock chart icon Net profit in the first half of the fiscal year…

Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume, or GMV, of $7.6 billion, topping the average estimate of $7.28 billion, according to StreetAccount. GMV, a key metric that helps gauge the total value of transactions, increased 35% from a year earlier. Revenue in the fiscal first quarter rose 41% from $496.5 million a year earlier. Revenue less transaction…

The earnings season is winding down, but there are several key companies still on deck to report. Of the nine S & P 500 companies scheduled to post their third-quarter results, Home Depot and Disney are among them. Investors will look to these results for clues on whether the stock market’s postelection rally can continue. Thus far more than 450 S & P 500 names have posted their results. Of those, 74% have beaten earnings expectations, per FactSet. Below is a breakdown of what to expect from some of the S & P 500 members slated to report. All times…

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter earnings. Here’s how the company performed, according to LSEG: Revenue: $898 million vs. $896 million expected Earnings per share: 40 cents adjusted vs. 34 cents expected The company said fourth-quarter revenue will be between $1.125 billion and $1.145 billion. The midpoint of the fourth-quarter guidance,…

Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 88 cents adjusted vs. 87 cents expected Revenue: $5.98 billion vs. $6.24 billion expected Block finance chief Amrita Ahuja told CNBC that analysts focus more on gross profit than revenue and pointed to the company’s earnings growth and outperformance relative to expectations. Block, formerly known as Square, posted $2.25 billion in gross profit, up…

The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quarterly results and said it would reduce global production capacity by 20%. Shares of the company — which also announced plans to cut staff by 9,000 — hit a four-year intraday low of 368.5 yen on Friday, their weakest since September 2020. Stock Chart IconStock chart icon Nissan released its second-quarter results ended September on Thursday, which showed that it recorded a…

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business. Here’s how the company did in the September quarter, versus LSEG consensus estimates: Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations. Operating profit: 455.1 billion yen, versus 336.07 billion yen expected. That’s up 73% year over year and beats expectations. The Japanese tech giant revised its fiscal 2025 revenue target up slightly…

Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations. Here’s how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates: Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That’s up 69% year-over-year and beats analyst expectations. Last quarter, Sony reported a 10% in operating profit, as the electronics giant’s performance was boosted by the release of R&B singer Beyonce’s “Cowboy Carter” album. Sony’s gaming division has held up well thanks to a shift to digital game purchases and the PlayStation…

Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has been growing its subscriber base at a fast clip this year since expanding internationally during the first half. Warner Bros. Discovery’s stock was up more than 10% on Thursday. The streaming business has become a bright spot for Warner Bros. Discovery as its traditional TV…

e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales.  Shares of the company rose nearly 10% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to be between $1.32 billion and $1.34 billion during fiscal 2025, ahead of the $1.30 billion analysts had expected, according to LSEG.  Here’s how E.l.f. did in its second fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:…

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro shares plunged 22% on Wednesday to their lowest level since May of last year after the embattled server maker issued disappointing unaudited financials and failed to provide specifics plans to keep its Nasdaq listing. The stock dropped to $21.55 as of early afternoon and is now down 82% from its high in March, a selloff that’s wiped out about $57 billion of…

Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro, the embattled server maker that’s late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited quarterly results on Tuesday. The stock dropped 17% in extended trading after the company’s revenue trailed estimates, guidance came in weaker than expected, and Super Micro said it doesn’t know when it will file annual results for the latest fiscal year. Super Micro shares plummeted last week after Ernst & Young,…

Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares jumped 23% on Tuesday and headed for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting revenue guidance. The stock reached a high of $51.19, above the prior record of $45.14 reached last week. If the gain holds, it will mark the stock’s biggest jump since Feb. 6, when shares popped 30%. Revenue climbed 30% to $726 million from a…

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021. Source: The Nasdaq Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Loss per share: 6 cents adjusted vs. a loss of 5 cents expected Revenue: $128 million vs. $128.1 million expected While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning. The payment processing firm said…

Another day. Another Apple headline. The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company’s earnings report Saturday. The Omaha-based conglomerate reduced its stake by about 25% during the third quarter. But it still held roughly $69.9 billion worth of Apple shares at the end of September. Apple remains, by far, Berkshire’s biggest position. Berkshire, which has also been selling down its Bank of America position, saw its cash pile top $300 billion. It’s unclear why Berkshire is selling Apple, but investors don’t seem too worried. AAPL YTD mountain Apple YTD Apple…

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company’s shares were up more than 4% in morning trading following the report’s release. The oil major’s quarterly profit, however, declined substantially compared with the year-ago period due to lower margins on refined product sales, lower prices and the absence of favorable tax times. Chevron is aiming to streamline its portfolio, with asset sales in Canada, Congo and Alaska expected to close in the fourth quarter of 2024. The company is also targeting $2 billion to $3 billion in cost reductions from 2024 through…

More than two-thirds of S & P 500 companies have already reported earnings, but there are still key names slated to post their latest quarterly figures. Artificial intelligence plays Palantir, Qualcomm and Super Micro Computer are among the 96 S & P 500 names on deck. Those reports come after the busiest week of the reporting period, which included results from Apple, Amazon, Microsoft and Meta Platforms. So far, the season has been solid. FactSet data shows about 75% of companies have beaten earnings estimates. S & P 500 profits are also on pace to have grown more than 5%…

Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades. “This quarter is one of the best third quarters we’ve had in the past decade,” Exxon CEO Darren Woods told CNBC’s “Squawk Box” on Friday. “In the upstream, we see record volumes coming from our advantaged assets like Guyana and the Permian.” Here is what Exxon reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:  Earnings per share: $1.92 adjusted, vs. $1.88 per share expected. Revenue: $90 billion,…

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in its cloud computing and advertising businesses. The stock was up about 7% on Friday morning. Here are the results. Earnings: $1.43 vs $1.14 per share expected by LSEG Revenue: $158.88 billion vs $157.2 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services: $27.4 billion vs. $27.5 billion expected, according to StreetAccount Advertising:…

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 6% on Friday after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is up about 32% for the year. Shares briefly touched $200.50 on Friday, putting them near an all-time high. Its highest close was $200, a mark the stock hit twice in July. The stock closed at $197.93 on Friday. Revenue increased 11% in the quarter to $158.9 billion, topping the $157.2…

Coterra Energy on Thursday delivered mixed third-quarter results for sales and earnings. However, production volumes and cash generation — the latter being what the Street really cares about — came in ahead of expectations. Revenue in the three months ended September 30 was essentially flat versus the year ago period at $1.36 billion but did manage to outpace the $1.3 billion consensus forecast, according to analyst estimates compiled by LSEG. Adjusted diluted earnings per share fell 36% versus the year-ago period to 32 cents and missed expectations of 34 cents, LSEG data showed. The results were released after Thursday’s close.…

Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn’t perfect, but it was pretty darn good. Revenue in Apple’s fiscal 2024 fourth quarter, which ended in September, grew 6% year-over-year to a September quarter record of $94.93 billion – outpacing the LSEG estimate of $94.58 billion. Adjusted earnings per share advanced 12% to $1.64 –edging out LSEG’s estimate of $1.60. It’s worth noting that Apple usually doesn’t report on an adjusted basis, however, due to a one-time income tax charge of $10.2 billion resulting from the reversal of the European General…

Electrical components and power systems company Eaton delivered mixed third-quarter results Thursday morning, and its stock paid the price. Revenue increased over 8% year over year (both organic and on a reported basis) to $6.35 billion, slightly below the $6.37 billion the Street was looking for, according to analyst estimates compiled by LSEG. It should be noted, however, that in management’s estimation, Hurricane Helene in Florida and the ongoing labor Boeing strike, both temporary issues, were together a roughly $50 million revenue headwind. Adjusted earnings per share jumped 15% to a record $2.84, better than LSEG’s $2.80 consensus. Segment margin ,…

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter. While its memory chip unit benefited by strong demand for its artificial intelligence and conventional server products, Samsung said “inventory adjustments negatively impacted mobile demand.” The company said it was also contending with “the…

A Volkswagen logo on the rim of an e-up. electric car tire. Julian Stratenschulte | Picture Alliance | Getty Images German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter. Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5% year on year to around 78.5 billion euros. Vehicle sales fell 8.3% in the third quarter of 2024 compared to the same time period a year earlier, Volkswagen said. Net liquidity across the Volkswagen Group stood at negative 160.6 billion euros at the end of September 2024, it…

Alphabet shares surged during Tuesday’s after-hours trading following the Google parent’s better-than-expected quarterly revenue and earnings on cloud and advertising strength. Total revenue for the three months ended Sept. 30 climbed 15%, or 16% on a constant-currency basis, to $88.27 billion, better than estimates of $86.3 billion, according to LSEG. Adjusted earnings-per-share (EPS) surged 37% year-over-year, to $2.12, exceeding Wall Street’s consensus estimate of $1.85 per share. GOOGL YTD mountain Alphabet YTD With shares running into the after-the-bell release and up around 5.7% on the print, we’re keeping our wait-for-a-pullback 2 rating . Given the volatility we are likely to…

The PAXLOVID antiviral medications nirmatrelvir co-packaged with ritonavir were developed by Pfizer to treat the virus. Patrick T. Fallon | Afp | Getty Images Pfizer on Tuesday reported third-quarter revenue and adjusted profit that blew past expectations as the company’s Covid vaccine and antiviral pill Paxlovid helped boost sales. The pharmaceutical giant also hiked its full-year outlook and now expects to book adjusted earnings per share of $2.75 to $2.95, up from its previous guidance of 2.45 to $2.65 per share.  Pfizer now expects revenue in a range of $61 billion to $64 billion, up from a previous revenue forecast…

HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom.   Mike Kemp | In Pictures | Getty Images Europe’s largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued a third-quarter earnings report that beat analyst estimates, boosted by strong revenue growth and its wealth and personal banking divisions. Here are HSBC’s results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate: Pre-tax profit: $8.50 billion vs. $8.05 billion Revenue: $17.00 billion vs. $16.22 billion…

A Ford F-150 Lightning electric pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California.  Mario Tama | Getty Images DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Monday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: 47 cents adjusted Automotive revenue: $41.88 billion Those results would mark a 1.7% uptick in automotive revenue compared with the same period a year earlier and a 19.9% increase in adjusted earnings per share. Ford’s 2023 third quarter included $41.18 billion…

United Parcel Service exceeded Wall Street estimates for quarterly profit on Thursday, benefiting from rebounding volumes and cost controls.

The busiest week of the corporate earnings season has arrived. More than 150 S & P 500 companies are slated to report. Among them are Apple , Amazon and Ford Motor . Pharmaceutical giant Pfizer is also on deck. So far, this third quarter reporting period has been mixed. While there have been some high-profile earnings beats — such as Tesla — earnings are on track to grow just about 3%, according to FactSet. That’s below the 4.2% expansion analysts had anticipated heading into the season. Take a look below at what to expect from some of the most important…

Southwest Airlines‘ third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management. Elliott and Southwest struck a deal, announced Thursday, that averts a proxy fight and adds six of the activist’s candidates to the board. CEO Bob Jordan will keep his job as part of the deal. The Dallas-based carrier forecast unit revenue for the fourth quarter would increase 3.5% to 5.5% on a 4% drop in capacity compared with a year ago. It said costs, excluding fuel, would likely rise as…

LONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations. The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts and was 23% higher than the same period in 2023. Revenue for the period came in at £6.5 billion, slightly ahead of a forecast of £6.39 billion. Barclays shares climbed as much as 5% at one point, reaching their highest level since October 2015, according to LSEG data, before closing 4.2% higher. The lender’s return on tangible equity rose to 12.3% from 9.9% in…

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. We’re not concerned: The company’s recent asset sales is likely causing some confusion about the numbers. Revenue rose 1.3% year over year to $1.98 billion, a tad shy of the $2.05 billion consensus estimate, according to LSEG. Adjusted earnings per share (EPS) in the three months ended Sept. 30 totaled $2.27, missing expectations by 2 cents, LSEG data showed. On an annual basis, EPS increased 6.1%. Shares were down more than 3% in early afternoon trading, to roughly $185 each. The…

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. Revenue for the three months ended Sept. 30 rose 5.6% year-over-year to $9.73 billion but short of the LSEG compiled consensus estimate of $9.9 billion. Adjusted earnings per share increased 8.4% to $2.58 and beat the $2.50 consensus forecast. EPS was also above the high-end of management’s previously provided guidance. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. That’s because we’re encouraged by…

Dexcom CEO Kevin Sayer. Scott Mlyn | CNBC Shares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 45 cents adjusted vs. 43 cents expected Revenue: $994 million vs. $990 million expected The company’s revenue increased 2% to $994.2 million from $975 million a year earlier. Dexcom’s U.S. revenue declined 2% from $713.6 million the prior year. The company…

An American Airlines aircraft departs from Ronald Reagan Washington National Airport on August 28, 2024 in Arlington, Virginia.  Kevin Carter | Getty Images American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company’s sales strategy shift earlier this year is paying off. The carrier said it expects to earn between 25 cents and 50 cents a share on an adjusted basis for the fourth quarter, above the 29 cents analysts polled by LSEG expected. For the full year, the airline expects to earn as much as an adjusted $1.60…

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped 12% in extended 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: 72 cents, adjusted vs. 58 cents expected Revenue: $25.18 billion vs. $25.37 billion expected Revenue increased 8% in the quarter from $23.35 billion a year…

Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024.  David Ryder | Bloomberg | Getty Images Boeing‘s new CEO Kelly Ortberg said the company needs to become leaner and improve quality, a vision he laid out for the troubled plane manufacturer ahead of his first quarterly call with analysts on Wednesday. At the same time, thousands of striking Boeing machinists will vote on a new labor contract, and Ortberg said he was hopeful for a deal. Boeing reported a more than $6 billion loss for the third quarter, its…

DETROIT — General Motors easily outperformed Wall Street’s third-quarter earnings expectations, leading the Detroit automaker in raising key guidance targets for 2024. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: $2.96 adjusted vs. $2.43 expected Revenue: $48.76 billion vs. $44.59 billion expected This marks the third time this year that GM has updated its guidance after beating Wall Street’s top- and bottom-line expectations, led by the automaker’s North American operations. GM now expects full-year adjusted earnings before interest and taxes of between $14 billion and $15 billion, or $10 and $10.50…

Check out the companies making headlines after the bell : Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank stock rose 3% on stronger-than-expected third-quarter results. Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Net income also came in ahead of…

Morgan Stanley shares soared to all-time highs Wednesday after third-quarter beats on the bank’s top and bottom lines, with strength seen across the board. Revenue for the three months ended Sept. 30 increased nearly 16% year over year to $15.38 billion, outpacing expectations of $14.4 billion, according to estimates compiled by LSEG. Earnings per share (EPS) jumped over 36% versus the year-ago period to $1.88, exceeding the $1.58 expected, according to LSEG. MS YTD mountain Morgan Stanley YTD Club stock Morgan Stanley was up 7.5%. At one stage it was even higher, punching through our $120 price target. We are setting…

It’s heating up. More than 100 S & P 500 companies are slated to post third-quarter earnings. Among them are Tesla, General Motors and Boeing. So far, the reporting period is off to a strong start. More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. That includes Netflix, which reported an earnings beat on Thursday that sent the stock up 11% — its biggest one-day gain of the year. Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Last quarter: GM…

Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55 billion, according to data provider LSEG. Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. It’s unclear whether analyst estimates are comparable. Adjusted earnings per share (EPS) of $1.21 beat LSEG expectations by a penny and increased 6.14% on an annual basis. ABT YTD mountain Abbott Labs’…

An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML finally offered a first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country. The Netherlands-based chip equipment maker said in its earnings report Tuesday, which was released a day early due to a “technical error,” that it expects net sales for 2025 to come in between 30 billion…

Morgan Stanley sees upside for several stocks as their latest fiscal results are announced. Earnings season is in full swing, with about one-tenth of S & P 500 companies reporting over the past week. About 20% of the index plans to release results next week. Consensus estimates are for S & P 500 third-quarter earnings per share to be up 3% year over year on sales growth of 4% year over year, equity strategist Michelle Weaver wrote in a note Wednesday, which included team analysis. “If the 2Q patterns hold, companies would need to beat on both EPS and Sales…

In this photo illustration, a TSMC logo is displayed on the screen of a smartphone.  Sopa Images | Lightrocket | Getty Images Shares of Taiwan Semiconductor Manufacturing Co., the world’s largest producer of advanced chips, serving clients such as Apple and Nvidia, jumped nearly 10% during trading on Thursday after the company reported a 54% hike in net profit in the third quarter. The company expects annual revenue growth in the last three months of the year, as global chipmakers continue to benefit from demand boosted by artificial intelligence applications. Shares of chip companies rose on the results. Shares of…

Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida.  Joe Raedle | Getty Images Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. Shares of the company fell 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.93 adjusted vs. $1.90 expected Revenue: $21.74 billion vs. $21.91 billion expected P&G reported fiscal first-quarter net income attributable to the…

Nurphoto | Nurphoto | Getty Images LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow. The streamer’s ad-tier memberships jumped 35% quarter over quarter. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025. While Netflix does not expect advertising to become a primary growth driver until 2026, it noted that the ad-tier accounted for more than 50% of sign-ups during the third-quarter in countries where it is available. Shares rose about 5% in aftermarket trading.…

Travelers Insurance offices in New York City. Adam Jeffery | CNBC Travelers reported a nearly three-fold jump in third-quarter profit on Thursday, as higher underwriting gains and investment income more than offset steep catastrophe losses. Core income of the company, often seen as a sector bellwether as it typically reports results before peers, rose to $1.22 billion, or $5.24 per share, in the three months ended Sept. 30, from $454 million, or $1.95 per share, a year earlier. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such…

Jim Cramer broke down each holding Wednesday during the October Monthly Meeting.

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 reported third-quarter earnings before the opening bell Wednesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings:$1.88 a share, vs $1.58 estimate Revenue: $15.38 billion, vs. $14.41 billion estimate Morgan Stanley has several tailwinds in its favor. The bank’s massive wealth management business will be helped by high stock market values in the quarter, which inflates the management fees the bank collects. Investment…

Here are the stocks making notable moves after the bell on Tuesday. United Airlines — The travel stock dipped less than 1% despite United’s third-quarter report beating estimates on the top and bottom lines. United reported adjusted earnings of $3.33 per share on $14.84 billion of revenue. Analysts surveyed by LSEG were looking for $3.17 per share on $14.78 billion of revenue. United also announced a $1.5 billion share buyback. Interactive Brokers — Shares of the brokerage firm fell more than 3% after third-quarter earnings missed expectations. Interactive Brokers reported $1.75 in adjusted earnings per share, while analysts surveyed by…

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs reported third-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings: $8.40 per share, vs. $6.89 estimate Revenue: $12.70 billion, vs. $11.8 billion estimate How much will falling interest rates help Goldman Sachs? Over the past two years, the Federal Reserve’s tightening campaign has made for a less-than-ideal environment for investment banks like Goldman.…

Apple stock jumped Monday after a Wall Street firm touted the iPhone maker ahead of its quarterly earnings report. The news Evercore ISI added Apple to the firm’s tactical outperform list, helping shares climb more than 1% in Monday’s session. Analysts said Apple’s stock may be able to advance higher on a late October earnings report that merely matches Wall Street estimates, so investors should be positioned accordingly. That’s because the stock has lagged in recent months and investors have lowered their expectations into the quarter. Apple entered Monday’s session about 3% below its all-time closing high of $234.82 a…

A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024.   Richard A. Brooks | Afp | Getty Images Japanese convenience retailer Seven & i Holdings slashed its earnings forecasts and pressed ahead with restructuring plans that include spinning off non-core businesses into a standalone subsidiary. The company slashed its profit forecast for the fiscal year ending February 2025 and now expects net income of 163 billion yen ($1.09 billion), a 44.4% reduction from its prior forecast of 293 billion yen. The reduction comes as it reported first-half net profit of 52.24…

The first big week of the earnings season is here, with several major financial and consumer-facing stocks slated to report their latest results. Nearly 40 S & P 500 are scheduled to post their calendar third-quarter results, including Netflix and Procter & Gamble . Big banks Goldman Sachs and Bank of America are also on deck. The earnings season got off to a strong start last week, with JPMorgan Chase, Wells Fargo and BlackRock beating expectations. Overall, 73% of the companies that have posted earnings have exceeded analyst estimates, FactSet data shows. Tuesday Bank of America is set to report…

Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier. Revenue will likely rise between 2% and 4% from a a year earlier, compared with estimates of a 4.1% increase. The carrier warned it expects a 1-point revenue hit from lower demand before and after the Nov. 5 U.S. presidential election.…

Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. Here’s what the bank reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Adjusted earnings per share: $1.52 vs. $1.28 expected Revenue: $20.37 billion versus $20.42 billion expected Shares of the bank rose more than 4% in morning trading after the results. The better-than-expected earnings came even with a sizeable decline in net interest income, a key measure of what a bank makes on lending. The San Francisco-based lender posted $11.69 billion in net interest income, marking an…

Jim Cramer has been considering a potential investment in BlackRock, the world’s largest asset manager, and we’re now adding it to our Bullpen stocks-to-watch list. The news BlackRock shares surged to a record high Friday after the firm posted third-quarter earnings that crushed analysts’ expectations, yet again. Management also announced that assets under management reached another record high, an incredible $11.5 trillion, on surging inflows as the stock market rallied. “We’ve added $2 trillion organically over the last five years. $2 trillion is the equivalent of being in the ranks of the sixth largest asset managers,” CEO Larry Fink told…

Wells Fargo extended its recent winning streak to six straight sessions Friday despite missed expectations on third-quarter revenue. Investors focused instead on the bank running leaner and generating better-than-expected profitability. Total revenue for the three months ended Sept. 30 fell 2.4% versus last year, to $20.37 billion, missing analysts’ expectations of $20.42 billion, according to LSEG. Wells Fargo reported results before Friday’s opening bell. Earnings of $1.52 per share, however, was above Wall Street’s consensus estimate of $1.28 per share, LSEG data showed. Adjusted EPS excluded a 10-cent-per-share hit due to “losses on debt securities related to a repositioning of…

CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.01 a share, according to LSEG Revenue: $41.63 billion, according to LSEG Net interest income: $22.73 billion, according to StreetAccount Trading Revenue: Fixed income of $4.38 billion, Equities of $2.41 billion, according to StreetAccount JPMorgan will be watched closely for clues on…

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s because lower rates will slow the migration of money that’s happened over the past two years as customers shifted cash out of checking accounts and into higher-yielding options like CDs and money market funds. When the Federal Reserve cut its benchmark rate by half a…

It was a solid quarter for the companies in our stock portfolio, with the bulk of our names reporting what we felt were good-to-great earnings reports. Continued economic growth on the back of a resilient consumer and increasing business confidence ahead of what most expect to be a lower interest rate environment helped drive the results. Our companies’ performances were reflective of the S & P 500 firms in aggregate: 81% of technology companies beat sales estimates for the second quarter, followed by health care 79% and financials 61%, according to FactSet data. Health care at 87% and industrials at…

The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. In guidance released Tuesday, the world’s top memory chip maker said operating profit for the quarter ending September is projected to be around 9.10 trillion won, marking a 274% surge from last year’s 2.43 trillion Korean won. However, the figure missed LSEG expectations. Analysts polled by LSEG projected an operating profit…

New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024. Justin Sullivan | Getty Images DETROIT — General Motors expects its 2025 adjusted earnings to be in a “similar range” to the company’s results this year, CFO Paul Jacobson said Tuesday during the company’s investor day. The Detroit automaker’s targeted adjusted earnings before interest and taxes for 2024 were between $13 billion and $15 billion, or $9.50 and $10.50 per share, up from previous guidance of $12.5 billion to $14.5 billion, or $9 to $10 per share, earlier this year. Achieving…

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. The repercussions of the Quaker Foods North America recalls, weakening demand in the U.S. and business disruptions in some international markets weighed on the company’s performance in the quarter, CEO Ramon Laguarta said in a statement. For 2024, Pepsi now expects a low-single-digit rise in organic revenue, down from its prior outlook of 4% growth. The company reiterated its forecast for an increase of at least 8% for its core constant currency earnings per share. Shares of the company fell less than…

Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” CEO Rick Cardenas said in a statement. “I am confident in the actions all our brand teams are taking to address their guests’ needs, which do not compromise the long-term health of our business for short-term benefits.” The company shared a number of initiatives that it’s implementing to boost sales, including its first partnership with Uber, ending its resistance…

Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple’s  biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). “The result exceeded the company’s original expectations of significant growth,” Foxconn said in a statement on Saturday. It was also ahead of a T$1.79 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate. Strong AI server demand led to robust revenue growth for its cloud and…

Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly.  Jeff Greenberg | Universal Images Group | Getty Images FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost 11% to $267.74 in after-hours trading, dragging shares in rival United Parcel Service down 2.5%. The shift to less-profitable packages is squeezing profits at FedEx and UPS. While the latter pinned the blame on a flood of volume from China-linked e-commerce…

A Raspberry Pi 2 Model B single-board computer. Olly Curtis | Future Publishing | Future | Getty Images Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade. The group, which produces low-cost single-board computers and microcontrollers, said it sold marginally fewer devices than it expected, but sales were skewed towards higher margin products, boosting profitability. Its flagship Raspberry Pi5,which retails for 46.60 pounds ($62.24) for the 2GB model, sold 1.1 million units in the six months to the…

The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled as much as 8% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target. The Swedish clothing retailer reported that operating profit for the group’s fiscal third quarter came in at 3.51 billion Swedish crowns ($345.8 million), which compared to 4.74 billion Swedish crowns a year ago. Analysts surveyed by LSEG had forecast operating profit of…

Omar Marques | Lightrocket | Getty Images Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing. Micron is one of the only three providers of high-bandwidth memory (HBM) chips along with South Korea’s SK Hynix and Samsung, which has allowed the U.S. firm to cash in on demand for semiconductors that help power generative AI technology. HBM is a space-saving, power-efficient type of dynamic random access memory chip, or DRAM, crucial for AI-focused graphics processing units, that aid in processing…

Costco on Thursday reported ho-hum quarterly results, with a small topline miss being more than offset by strong profitability to deliver an earnings beat. The report didn’t blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts’ expectations of $79.97 billion, according to estimates compiled by LSEG. Sales were up 1% year over year, though the year-ago quarter had an additional week, skewing the comparison. Earnings per share in the 16-week period came in at $5.29, topping analysts’ forecasts of…

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images Stocks of European carmakers hemorrhaged on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s largest auto market, China. Stellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating “global industry dynamics” and bolstered competition from China, sending Milan-listed shares lower on open. The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of…

Modelo and Corona brewer Constellation Brands is a tale of two businesses. One of them — beer — is stealing market share left and right. The other — wine and spirits — is an anchor on the stock. Nothing in the company’s fiscal 2025 second-quarter results on Thursday changed that narrative. But the next two quarters might. Comparable net sales for the three months ended Aug. 31 rose 3% year over year to $2.92 billion, essentially in line with the $2.9 billion expected, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) of $4.32 topped estimates of $4.08,…

Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically sensitive corners of the market such as industrials. That’s because lower rates are typically good for businesses’ capital expenditure levels. And yet a recent pair of research reports on industrials – from Deutsche Bank and Barclays – paints a decidedly mixed view on Dover and the group overall, which includes…

Justin Sullivan | Getty Images Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday.  Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected.  Shares of Levi’s fell more than 8% in extended trading Wednesday. Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a…

An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas.  Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm. Last month, the company announced that CEO John Donahoe would be stepping down in October and replaced with longtime company veteran Elliott Hill, effective Oct. 14. Given the impending CEO change, the company has decided to withdraw its full-year guidance and intends to provide quarterly…

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.  Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity. Here’s what the company reported: Earnings: $1.52 a share vs. $1.39 a share expected, according to LSEG Revenue: $20.14 billion vs. $20.07 billion expected The bank said net income jumped 10% from a year earlier to $3.22 billion, or $1.52 a share. Revenue rose 4% to $20.14 billion. Equities trading revenue rose…

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. U.S. stocks advanced Friday as the S & P 500 rebounded from its worst trading session since late April. The benchmark gauge broke its seven-day win streak Thursday as investors rotated out of Big Tech names into smaller-cap stocks, sending many Club holdings down, including Nvidia ‘s 5% drop. Shares of the chipmaker gained more than 2% on Friday. June’s hotter-than-expected producer price index print ran counter to Thursday’s consumer price index (CPI) data that…

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024.  Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.19 a share, according to LSEG Revenue: $49.9 billion, according to LSEG Net interest income: $22.8 billion, according to StreetAccount Trading Revenue: Fixed income of $4.82 billion; Equities of $2.77 billion, according to StreetAccount Will cracks in the economy begin to reveal…

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 Thursday’s key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the previous session, after a cooler-than-expected inflation report sent investors out of Big Tech stocks and into smaller-cap names. June’s consumer price index (CPI) print, a measure of costs for goods and services, fell to its lowest levels since 2021, bolstering the case for the Federal Reserve to lower interest rates sooner rather than later. Club holdings Nvidia, Apple…

Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of $155 million, higher than the earnings of $1.39 per share on revenue of $145.8 million analysts were expecting, according to FactSet. PriceSmart — The membership warehouse club operator added 6% after posting a fiscal third-quarter earnings and revenue beat. PriceSmart’s adjusted earnings came to $1.08 per share, while analysts polled by FactSet had expected $1.01 per share. The company’s $1.23…

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 TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has benefited from the surge towards AI that has helped it weather the tapering off of pandemic-led demand and pushed TSMC’s share price…

BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images BP shares dropped 4.3% on Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the second quarter and warned of lower refining margins weighing on its results. In a Tuesday statement, the company said it anticipates weak refining margins and oil trading performance will weigh on its second-quarter results, due out on July 30. The hit is estimated between $500 million and $700 million. The energy…

Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs Friday — rising nearly 2% and 3.5%, respectively, for the week. The first week of July continued the strength seen in June, the second quarter, and the first half of 2024. The S & P 500 technology sector was the big winner this past week, with Apple and Broadcom as our top Club stocks. Consumer discretionary and communication services, featuring…

The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Samsung Electronics jumped to their highest level since January 2021 after the South Korean tech giant said it expects better-than-expected profit for the second-quarter, thanks to explosive demand for artificial intelligence. The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won ($62.73), according to LSEG data. Samsung shares closed at 84,600 won on Thursday. Samsung issued…

Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines and spirits business. Comparable net sales for the three months ended May 31 increased 6% year over year to $2.662 billion, missing Wall Street’s expectations of $2.671 billion, according to LSEG. Adjusted earnings-per-share (EPS) increased 17% compared with the same period last year, to $3.57, a beat versus the $3.46 per share predicted by analysts. Constellation Brands Why we own…

Pedestrians cross the street in front of a H&M store in Hong Kong. Sopa Images | Lightrocket | Getty Images Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits and cast doubt over its June sales and full-year profit margin target. The stock pared losses slightly to trade down 13% by 9:00 a.m. London time. The world’s second largest retailer said operating profit for the period between March and May came in at 7.1 billion Swedish kroner ($672 million), below the 7.37 billion Swedish kroner anticipated by analysts, according…

Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss.  The jeans creator on Wednesday posted fiscal second-quarter revenue that fell just short of Wall Street’s expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra low-rise baggy pants.  Levi’s posted better-than-expected earnings as its direct sales to consumers and cost cutting continue to bear fruit. The company raised its dividend by 8% to 13 cents per share, its first increase in six quarters. Still, shares fell about 15% in extended trading. Here’s how Levi’s…

Nike shoes and logo are seen at a store in Nice, France on May 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of Nike plunged on Thursday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected 10% first-quarter slump is far below the 3.2% drop that analysts had expected, according to LSEG. The sneaker giant now expects fiscal 2025 sales to be down mid-single digits, compared to analyst estimates of a…

Shares of Walgreens plunged more than 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment for pharmacies and U.S. consumers. The retail pharmacy giant now expects fiscal 2024 adjusted earnings of $2.80 to $2.95 per share. That compares with the company’s previous outlook of between $3.20 and $3.35 per share. “‘We assumed … in the second half that the consumer would get somewhat stronger” but “that is not the case,” Walgreens CEO Tim Wentworth told CNBC.  He added that “the consumer is absolutely…

Sanjay Mehrotra, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron shares fell about 7% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on a revenue forecast that was in line with estimates. Here’s how the company did versus LSEG consensus estimates for the fiscal third quarter ended May 30: Earnings per share: 62 cents adjusted vs. 51 cents expected Revenue: $6.81 billion vs. $6.67 billion expected Micron, which makes computer memory and storage, said it expects adjusted earnings per share of $1.08 on…

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. The stock had been down about 4% in early trading before recovering some losses. Southwest expects revenue per available seat mile, the amount the airline brings in for every seat it flies one mile, will fall between 4% and 4.5% in the second quarter over last year, after previously estimating a 1.5% to 3.5% decline. It…

A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $5.41 adjusted vs. $5.35 expected Revenue: $22.11 billion vs. $22.07 billion expected The company reported net income for the three-month period that ended May 31 of $1.47…

Here are the stocks making headlines before Wall Street’s opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Pool now anticipates full-year earnings per share between $11.04 and $11.44, down from its prior guidance of $13.19 to $14.19 and short of the FactSet consensus estimate of $13.05. Competitor Leslie’s Inc. retreated more than 4% in sympathy. Carnival…

In this photo illustration a Prosus logo is seen on a smartphone and a pc screen. Sopa Images | Lightrocket | Getty Images Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. “Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value,” said the company’s interim CEO Ervin Tu in a statement. The company recently appointed…

Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the week slightly higher. The Dow , which had recently come off the boil, was the big weekly winner. Nvidia was the big story of the week, surging to all-time highs Tuesday and overtaking Microsoft as the most valuable company in the U.S. But sharp back-to-back losses Thursday and Friday put Nvidia in the third position as…

Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky. Luke Sharrett | Bloomberg | Getty Images CarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry. Pre-owned vehicle retailers have had a bumpy ride with profitability worsening over the last few years as new vehicle availability improved. Better offers and trade-in deals on new vehicles have also kept potential buyers at bay from considering used vehicles. Used vehicle dealers have been forced to sell cars at heavily discounted rates, a stark difference to the pricing…

Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida.  Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. The company has faced a “consistently weaker consumer environment,” as well as increased discounting and marketing pressure from its rivals, CEO Rick Cardenas said on the company’s conference call. For fiscal 2025, Darden is forecasting that its same-store sales will grow just 1% to 2%. Shares of the company rose less than 1% in morning trading.…

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and Applebee’s parent Dine Brands, have been reigniting a rivalry with their fast-food counterparts — and it seems to be working. Chili’s introduced an ad campaign that calls out the Big Mac and other fast-food burgers for their prices. Dine Brands CEO John Peyton told CNBC…

Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts’ estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. Here is how the company did versus LSEG consensus estimates for the quarter that ended in May: Earnings per share: $10.96 adjusted vs. $10.84 expected Revenue: $12.49 billion vs. $12.03 billion expected The chipmaker expects about $51 billion in sales during its fiscal 2024 year, an increase over the company’s previous forecast, and…

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024.  Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates. After the bell on Thursday, Adobe reported earnings per share of $4.48, topping the LSEG consensus estimate of $4.39 per share. Revenue increased 10% from a year earlier to $5.31 billion, exceeding analyst estimates of $5.29 billion. CEO Shantanu Narayen attributed Adobe’s record revenue…

Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs. $4.39 expected Revenue: $5.31 billion vs. $5.29 billion expected Adobe’s revenue grew 10% year over year in the quarter, which ended on May 31, according to a statement. The company called for adjusted earnings per share of $4.50 to $4.55 for the fiscal third quarter,…

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 Thursday’s key moments. U.S. stocks were mixed Thursday as traders weighed May’s producer price index data , which showed that inflation pressures may be easing. The S & P 500 edged lower, but still traded near record highs. Weekly jobless claims also out Thursday morning came in higher than expected, signaling some loosening in the still-tight labor market. The economic data releases follow the Federal Reserve’s decision to leave rates unchanged Wednesday, though Fed chief Jerome Powell flagged…

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name’s fiscal 2024 second quarter ended May 5 increased 43% year over year to $12.5 billion, outpacing analysts’ forecasts of $12.06 billion, according to estimates compiled by LSEG, formerly Refinitiv. Excluding the contribution from VMWare, Broadcom’s sales rose 12% year over year. Adjusted earnings per share (EPS) grew 6% from last year to $10.96, which exceeded…

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 Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for the fiscal year, putting the stock on pace for its sharpest rally since 2021. Ellison owns about 1.15 billion Oracle shares, equal to around 42% of the company’s outstanding stock. With Wednesday’s increase, he now has a net worth of around $170 billion, according to Forbes, making him the…

Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.63 adjusted vs. $1.65 expected Revenue: $14.29 billion, vs. $14.55 billion expected Oracle’s revenue increased 3% year over year during the quarter, which ended on May 31, according to a statement. Net income, at $3.14 billion, or $1.11 per share, was down from $3.32 billion, or $1.19 per share, in the year-ago quarter. The…

A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California.  Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance.  The big-box sports store’s comparable sales grew 5.3% during its fiscal first quarter, well ahead of the 2.4% growth that analysts had expected, according to StreetAccount.  The company said that growth was driven by a 2.7% increase in transactions, meaning more customers are shopping at Dick’s,…

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected.  Nevertheless, revenue gained 6% year over year and marked a record for the first quarter, the company said in a news release.  Shares fell about 5% in extended trading on Wednesday. Here’s how the apparel company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: 34 cents vs. 28 cents expected Revenue: $1.14 billion vs. $1.15…

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon’s turnaround plan is starting to pay off. The sneaker retailer isn’t out of the woods just yet, but we’re removing the stock from our penalty box and upgrading its rating. Revenue declined 2.7% year over year to $1.879 billion, slightly below Wall Street expectations of $1.883 billion, according to estimates compiled by LSEG. Adjusted earnings per share of 22 cents easily topped the 12-cent estimate, LSEG data showed. At its highs of the session Thursday, Foot Locker was up nearly 32% before giving up some…

GameStop, the video game retailer currently riding another wave of trading enthusiasm spurred on by the meme trader “Roaring Kitty,” showed no signs of an operational turnaround in its dismal fiscal first-quarter results. The company on Friday posted net sales of $881.8 million for the period, down 29% from $1.237 billion a year prior. The sales decline was steeper than the two Wall Street analysts who cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet. GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in…

Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company’s fiscal 2025 first quarter fell 6.5% year over year to $8.85 billion in the three months ended May 4, missing the $8.96 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $1.20 rose 5.3% on an annual basis and topped the $1.08 predicted by analysts, LSEG data showed. BBY YTD mountain Best Buy YTD Best Buy stock’s roughly 13% gain was…

A shopper enters Spanish retail store Zara, a brand under the umbrella of multinational apparel conglomerate Inditex. Sopa Images | Lightrocket | Getty Images Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also owns Pull&Bear, Massimo Dutti and other brands, is attempting to fend off intense competition from rivals such as H&M by chasing and delivering fashion trends faster. The company has outperformed competitors…

Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter.  The athletic apparel retailer handily beat Wall Street’s earnings estimates, but only narrowly topped revenue expectations. Lululemon’s full fiscal-year guidance suggests the company is betting conditions will improve in the back half of the year.  Here is how Lululemon did in its first fiscal quarter compared to what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $2.54 vs. $2.38 expected Revenue: $2.21…

An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania.  Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp the struggling business. The discounter closed more than 500 locations during its fiscal first quarter, it said Wednesday. “We are already beginning to see progress in this targeted strategy in the streamlined Family Dollar banner,” the company said in a press release. “The unique needs…

Foot Locker’s turnaround is starting to bear some fruit.  The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.  The company also reaffirmed its fiscal year guidance, which projects sales to be between a 1% decline and a 1% gain, compared with a decline of 0.6% that analysts had forecast, according to LSEG.  Shares of Foot Locker surged 15% Thursday. Here’s how the company did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: 22 cents…

Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares of the retailer gained 13% Thursday. The retailer beat on earnings per share and stuck by its full-year forecast. It expects revenue to range from $41.3 billion to $42.6 billion for the full year, which would mark a drop from the most recently ended fiscal year when full-year revenue totaled $43.45 billion. The company said comparable sales will range from flat to a 3% decline. On an earnings call, CEO Corie Barry said Best Buy…

A Monzo debit card being used at a payment terminal. Monzo Monzo, the British digital challenger bank, on Monday reported its first full year of profitability. The fintech startup said in annual financial results that its pre-tax profits totaled £15.4 million ($19.6 million) in its 2023-2024 fiscal year, swinging to the black from a £116.3 million loss the year prior. Monzo posted revenues of £880 million for the full year, up from £355.6 million in 2022. That marked a more than twofold increase. Monzo is one of Britain’s largest digital banks, competing with the likes of Starling and Revolut as well as…

Wall Street saw much to like in Costco ‘s earnings report last Thursday, as customers flocked to the warehouse club’s stores and website. Costco’s earnings per share for its fiscal third quarter came in at $3.78, topping the $3.70 expected from analysts polled by LSEG. Revenue was $58.52 billion versus the $58.07 billion consensus estimate. Its e-commerce growth was driven by electronics, gold bars and silver coins, as well as gift cards, Bank of America pointed out in a note Friday. The bank believes Costco will continue to benefit from digital enhancements and membership growth. COST 1Y mountain Costco’s one-year…

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Here’s how the company did, compared to the LSEG consensus: Earnings per share: $2.44 adjusted vs. $2.38 expected Revenue: $9.13 billion vs. $9.17 billion expected Salesforce called for adjusted earnings per share in the current quarter of $2.34 to $2.36 on $9.2 billion to…