Friday, 18 December 2020

Nike shares rise after sneaker maker's sales top estimates, aided by online growth, strength in China

Nike's earnings and sales topped estimates, driven by triple-digit growth online in North America, and strong demand from Chinese consumers.

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Olive Garden parent's revenue falls 19% as new dining restrictions hit same-store sales

Darden Restaurants topped analysts' expectations for its quarterly earnings but fell short of estimates for its revenue.

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Friday, 11 December 2020

Lululemon earnings, sales top estimates on strong demand for workout gear

Lululemon reported sales of $1.1 billion, up 22% from a year ago, beating analysts' estimates as shoppers frequented its website to buy workout apparel.

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Oracle reports slow revenue growth as licensing and hardware businesses decline

Oracle's quarterly results exceeded expectations, although smaller parts of its business declined.

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Monday, 7 December 2020

Stitch Fix shares skyrocket more than 30% on earnings beat, upbeat outlook

Stitch Fix shares soared Monday afternoon, after the company reported a surprise profit and revenue growth of 10% from a year ago.

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Wednesday, 2 December 2020

Snowflake shows 119% revenue growth in first earnings report as a public company

Snowflake kept up the revenue growth after its debut on the New York Stock Exchange in September.

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Tuesday, 1 December 2020

Salesforce reports slowing revenue and weak earnings forecast

Despite the beat, Salesforce shares moved lower as the acquisition of work communication app Slack had an immediate impact.

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Hewlett Packard Enterprise is the latest tech company to leave Silicon Valley, and is moving to Houston

The coronavirus pandemic has given a number of tech companies, and prominent Silicon Valley figures, an excuse to exit California.

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