U.S. market is 'smoking dope on earnings' and investors are likely to be disappointed, economist says

Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.

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Micron to shift some chip supply to data centers as cloud powers earnings beat

Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.

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Burger King's U.S. same-store sales are flat as fast-food customers return to restaurants

Burger King's U.S. same-store sales are trending flat as customers return to its locations for Whoppers and french fries.

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With the second quarter almost over, what companies earned is anyone's guess

The second quarter is nearly over, and analysts still are clueless about what earnings companies will be reporting.

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Nike reports unexpected loss as sales tumble 38%, shares fall

Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the coronavirus pandemic.

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Olive Garden parent swings to a loss as sales plunge 43%

Darden Restaurants reported that same-store sales were nearly cut in half during the fiscal fourth quarter.

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Oracle slides on revenue decline

Sales declines returned as Oracle kept doing business through the pandemic.

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Lululemon sales fall 17% as retailer takes hit from stores being closed, shares drop

Lululemon reported a first-quarter sales decline of 17%, as its strong digital business wasn't enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic.

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Taco Bell same-store sales decline as chain loses breakfast and late-night customers

Yum Brands said Tuesday that Taco Bell's U.S. same-store sales have declined by high-single digits so far in the quarter.

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Starbucks says it lost $3 billion in revenue in latest quarter due to coronavirus pandemic

Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the coronavirus pandemic.

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Macy's shares soar as company says reopened stores topping expectations

Macy's is forecasting first-quarter sales will fall to $3.02 billion from $5.5 billion a year ago, the company said Tuesday when it released preliminary earnings results.

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Tiffany says same-store sales fell 44%, LVMH deal clearing regulatory hurdles

The U.S. jewelry maker said Tuesday in an earnings release that its same-store sales were down about 44% in the fiscal first quarter, but said demand has picked up again in China.

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Stitch Fix reports quarterly sales down 9%; shares fall

Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic.

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Slack shares continue to crash after earnings show far slower growth than Zoom

Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.

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Barry Diller calls for an end to 'absurd' earnings guidance, says his firms won't do it anymore

"Guidance is a bad business. We're out. We're not doing it anymore," the billionaire businessman told "Squawk Box" on Friday.

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Slack shares sink as revenue growth remains steady despite pandemic

Slack's revenue growth slightly picked up as coronavirus sent people home from work.

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Gap's sales fall 43% as retailer takes hit from coronavirus pandemic; shares dive

Gap Inc.'s first-quarter sales fell 43%, the clothing maker reported Thursday, as its stores were shut for much of the period due to the coronavirus pandemic.

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Broadcom's revenue forecast disappoints on weakness in chip business

Broadcom forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains.

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Campbell Soup raises 2020 forecasts on strong sales in pandemic

The maker of Prego pasta sauce and Goldfish crackers now expects fiscal 2020 adjusted earnings per share of $2.87 to $2.92, up from its prior range of $2.55 to $2.60.

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American Eagle posts bigger-than-expected loss on virus-led store closures

The company said its net loss stood at $257.2 million, or $1.54 per share, in the quarter ended May 2, compared with a profit of $40.8 million, or 23 cents per share, a year earlier, mainly due to an impairment charge of about $156 million.

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Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

Zoom has been a darling of the work-from-home culture brought on by coronavirus, and the company's revenue growth accelerated in its most recent quarter.

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Dick's Sporting Goods' same-store sales fall almost 30% during coronavirus pandemic

Dick's Sporting Goods reported a decline in first-quarter same-store sales of almost 30%, as its stores across the country were shut by the coronavirus crisis.

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