Zoom revenue more than quadrupled from last year

The company's business continues to benefit from the coronavirus pandemic after going public last year.

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Workday stock surges as earnings top estimates; company promotes Chano Fernandez to co-CEO

Workday will have a dual CEO structure for the first time since one of its co-founders, Dave Duffield, stepped down in 2014.

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Gap swings to a loss as sales drop 18%, says strong online sales softened the blow from closed stores

Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.

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Abercrombie & Fitch shares are soaring as the retailer's online sales boom and are profitable

"As long as you can reduce fixed costs, this shift to digital can be profitable," Abercrombie & Fitch CFO Scott Lipesky said in a phone interview.

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Tiffany beats profit estimates, signals recovery after pandemic blow

The U.S. jeweler said worldwide sales in August so far were slightly higher than a year earlier, as the rebound in second-quarter revenues in China extended into the current quarter.

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Dick's Sporting Goods crushes Wall Street estimates as online sales surge 194%, shares soar

Dick's Sporting Goods reported eye-popping quarterly earnings and sales growth Wednesday, as consumers flocked to its website for hiking gear, kayaks, weights and workout clothes to stay busy during the coronavirus crisis.

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Salesforce soars on big earnings beat

An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.

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Nordstrom's sales fall 53% as department store chain suffers store closures amid pandemic

Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic.

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Best Buy says online sales in U.S. surged 242% in second quarter, but shares slide as gains may be short-lived

Best Buy is one of the retailers that has benefited from stay-at-home trends during the pandemic, such as working from home and attending school remotely.

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Papa John's growth streak continues into August as it sees North America same-store sales up more than 24.2%

As consumers continue to flock to carryout and delivery during the pandemic, Papa John's has continued its growth streak into August.

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Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs

Estee Lauder forecast current-quarter profit below analysts' estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands.

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Alibaba beats quarterly revenue estimates

China's Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased.

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Nvidia earnings beat expectations, its data center business is bigger than its gaming business for the first time ever

With help from the $7 billion Mellanox acquisition, Nvidia's data center business delivered more revenue than the company's gaming unit for the first time.

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Victoria's Secret parent L Brands shares jump on better-than-expected quarterly sales

Victoria's Secret owner L Brands on Wednesday said its sales fell 20% during the latest quarter with stores closed due to the pandemic, but they weren't as bad as analysts feared, buoyed by the strength of its soaps and fragrances division.

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Target CEO credits canceled vacations, not stimulus checks, for blowout quarter

Target CEO Brian Cornell said Americans shopped because they couldn't go on vacation or spend money on typical summer activities during the pandemic.

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Lowe's reports blow-out quarter with 30% surge in revenue

Lowe's on Wednesday said its second-quarter revenue surged 30% as consumers shifted spending from restaurants and travel to home improvement projects during the coronavirus pandemic.

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Target reports a monster quarter — profits jump 80%, same-store sales set new record

Target reported dramatic growth among its online services, such as Drive Up, and it had sales growth across all of its merchandise categories.

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Walmart says its second-quarter e-commerce sales surged 104% in China

Walmart's online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world.

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Kohl's shares jump as quarterly sales hold up better than expected in pandemic

Kohl's revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which was not as bad as analysts were fearing.

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Walmart reports earnings before the bell. Here's what to expect

Wall Street analysts and investors are watching to see if the retail giant's e-commerce sales have continued to soar during the pandemic or have moderated as lockdowns have lifted.

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Home Depot reports earnings before the bell. Here's what to expect

Home Depot suspended its 2020 outlook in May, citing the uncertainty related to the coronavirus pandemic and its impact on the economy.

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Cisco falls on disappointing quarterly guidance as revenue continues to drop

Cisco now expects the fourth consecutive quarter of revenue declines, hurt in part by the coronavirus pandemic.

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Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

Lyft faces a threat to its business in California, where a judge issued a preliminary injunction that requires it to classify its drivers as employees eligible for benefits, not independent contractors.

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Marriott posts bigger-than-expected loss as virus hits bookings

Total revenue plunged 72.4% to $1.46 billion.

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Goldman Sachs cuts quarterly earnings, citing legal provisions relating to the 1MDB scandal

Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion.

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Uber ride-sharing revenue plummets, food delivery more than doubles

Uber narrowed losses, and saw a spike in demand for its food delivery service during the second quarter. However, the company's core ride-sharing business was down 73% from last year.

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Burger King parent's revenue falls 25% as coronavirus weighs on sales

Popeyes, powered by its popular chicken sandwich, reported same-store sales growth of 24.8%.

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Toyota ekes out weakest first quarter profit in nine years as pandemic slams car sales

Toyota Motor eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

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Moderna second-quarter revenue jumps fivefold on coronavirus vaccine development

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CVS shares jump as retailer raises 2020 forecast after strong quarterly results

The company filled fewer prescriptions during the quarter because of stay-at-home orders, but its health benefits business got a boost as people delayed elective procedures.

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Disney set to report third quarter earnings after the bell

Disney's report will show how partial reopenings of its parks and the return of live sports are impacting its business.

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Clorox posted its highest sales growth in 'modern history' last fiscal year, CEO says

Clorox is seeing "broad-based strength" in the midst of the coronavirus pandemic, CEO Benno Dorer told CNBC.

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Take-Two raises sales forecast as videogames get stay-at-home boost

Take-Two Interactive Software raised its fiscal year adjusted sales forecast after beating quarterly estimates on demand for its videogame franchises "Grand Theft Auto" and "NBA 2K" from people stuck at home due to lockdowns.

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AIG quarterly profit tumbles on catastrophe losses, private-equity losses

Insurer AIG posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.

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Clorox names longtime executive its new CEO, as company beats estimates on pandemic-led demand

Clorox beat market estimates for quarterly net sales on Monday, as U.S. households spent more on disinfectant and other cleaning products due to the Covid-19 pandemic.

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