Salesforce's revenue growth accelerated as the enterprise software company lapped the quarter when the coronavirus began circulating in the U.S.
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Thursday, 27 May 2021
Gap sales top pre-pandemic levels, as turnaround efforts gain traction, retailer raises 2021 outlook
Gap Inc. raised its sales outlook for the full year, building on the momentum of its namesake banner in North America.
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Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast
Best Buy said stimulus checks and a hot housing market fueled strong demand for technology and appliances in the fiscal first quarter.
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Wednesday, 26 May 2021
American Eagle is the latest apparel retailer to crush estimates as teens head back to the mall
American Eagle's first-quarter earnings beat follows strong reports from both Urban Outfitters and Abercrombie & Fitch, as more teens head back to the mall.
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Nvidia revenue jumps 84% from last year as gamers demand graphics chips
Nvidia's earnings come during a period of sustained, massive growth in its business amid a shortage of semiconductors worldwide.
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Snowflake reports widening losses but raises full-year guidance
Snowflake's product revenue guidance for the full year came in barely above analysts' estimates. The growth is coming as the cloud company's losses mount.
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Dick's Sporting Goods earnings crush estimates as kids head back to team sports, retailer raises forecast
Dick's Sporting Goods cited a boost from more kids returning to team sports for its sales and earnings beat during the fiscal first quarter.
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Tuesday, 25 May 2021
Nordstrom shares fall as earnings and 2021 outlook disappoint
Nordstrom said its first-quarter net sales were down 13% relative to the same period in fiscal 2019.
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Thursday, 20 May 2021
Petco shares fall despite better-than-expected earnings and increased forecast
Petco reported first-quarter earnings that beat expectations for earnings and revenue, and the company raised its forecast for the rest of the year.
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Kohl's sales jump nearly 70%, soaring past estimates, retailer hikes full-year outlook
Kohl's on Thursday reported first-quarter earnings and sales that topped analysts' estimates, and raised its outlook for the full year.
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Wednesday, 19 May 2021
Cisco returns to growth but disappoints on earnings guidance
An extra week in the quarter helped boost Cisco's results which showed a rise compared with the beginning of the pandemic in the U.S.
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Victoria's Secret parent L Brands first-quarter earnings, sales top estimates
Victoria's Secret parent L Brands on Wednesday reported first-quarter earnings and sales that topped analysts' estimates.
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Lowe's earnings beat on robust home improvement spending, but shares fall
Lowe's said it saw strong demand for home improvement in the first quarter, buoyed by the growth of its business among contractors and other home professionals.
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Macy's CEO says its robust sales gains aren't a 'short-term pop'
Macy's sales grew to $4.7 billion in the latest quarter, helping it to turn a surprise profit and prompting it to raise its forecast for the year.
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Target reports first-quarter earnings before the bell. Here's what to expect
The big-box retailer will be compared against the first quarter of last year, when the lockdowns disrupted consumers' shopping patterns and squeezed profits.
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Tuesday, 18 May 2021
Macy's shares rise after retailer reports surprise profit, hikes full-year outlook
Macy's on Tuesday reported a surprise profit for its fiscal first quarter and raised its outlook for the full year.
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Walmart is set to report earnings before the bell — here's what Wall Street expects
Walmart's first-quarter earnings report will show whether it has been able to sustain sales growth, particularly in its e-commerce business.
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Here's what to expect from Home Depot earnings
Shares of Home Depot have risen 20% so far this year, giving it a market value of $343 billion.
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Thursday, 13 May 2021
Airbnb says first-quarter revenue rose 5% as vacationers return to travel
Airbnb's net loss tripled, but the company expects its adjusted margin to improve in the second half of the year as travel restrictions ease up.
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DoorDash shares rise as delivery company boosts outlook, investors shrug off driver shortage
DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a shortage of delivery drivers as consumers ordered more than forecast.
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Coinbase revenue tripled from last quarter as crypto prices skyrocketed
Coinbase revenue tripled from last quarter, as the price cryptocurrencies took off in 2021.
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Disney slated to report second-quarter earnings after the bell
Disney is set to report fiscal second quarter earnings after the bell on Thursday.
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Wednesday, 12 May 2021
Poshmark shares fall as secondhand retailer posts wider loss, forecasts weaker sales
Poshmark shares tumbled after the secondhand retailer said its second-quarter sales will likely come in weaker than what it reported in the prior quarter.
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Tuesday, 11 May 2021
Palantir reports 49% revenue growth for its first quarter
The company beefed up its commercial segment during the quarter, with strong growth in the U.S.
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Monday, 10 May 2021
Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test
Virgin Galactic delivered first quarter results after the market closed on Monday.
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Roblox revenue grows 140 percent in first earnings report since going public
Roblox shares rose as much as 5 percent after hours on the report.
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Friday, 7 May 2021
Roku pops 16% after reporting highest revenue growth rate since IPO
Roku has been making a number of strategic moves in the advertising space, including the acquisition of Nielsen's advanced video advertising business.
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DraftKings raises full-year guidance, expecting a return in sports
DraftKings said it has 1.5 million million monthly unique paying customers as of its first quarter, holding on to the gains in made in its fourth quarter.
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Thursday, 6 May 2021
Peloton sales surge 141% as delivery pressures ease, recall to lower fourth-quarter sales by $165 million
Peloton said Thursday it expects its fiscal fourth-quarter sales to take a $165 million hit due to a treadmill recall.
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Papa John's earnings smash expectations as pizza demand remains strong post-pandemic
Thanks in part to menu innovations like Epic Stuffed Crust pizza, Papa John's said its sales are still growing.
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Coach owner Tapestry sales in North America return to pre-pandemic levels, retailer swings to profit
Coach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds.
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Wednesday, 5 May 2021
Uber losses dramatically improve thanks to sale of self-driving unit
Uber's first-quarter net loss was $108 million, a tremendous improvement from a $968 million loss in its fourth quarter of 2020.
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PayPal CEO touts 'next generation digital wallet' after earnings beat
On the company's earnings call, PayPal CEO Dan Schulman pointed to cryptocurrency as a key growth engine for the company.
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Etsy slides more than 9% after it warns of slowing growth
Etsy saw its business boom early on in the pandemic, as shoppers turned to it and other online retailers for goods.
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General Motors earnings are out — here are the numbers
Aside from earnings, Wall Street is also looking for updates on the ongoing global shortage of semiconductor chips and its electric and autonomous vehicles.
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Tuesday, 4 May 2021
Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter
Lyft showed continued signs of pandemic recovery, beating on the top and bottom lines and exceeding Wall Street's rider expectations for its first quarter.
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CVS Health earnings top estimates as Covid vaccinations, testing boost drugstore sales
CVS Health reported a strong first quarter and raised its forecast, as customers came to stores for Covid-19 vaccinations, tests and prescriptions.
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Under Armour shares rise as retailer hikes full-year outlook, sees demand returning
Under Armour reported first-quarter earnings and sales that topped estimates, and the sports apparel maker hiked its sales outlook for the full year.
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Saturday, 1 May 2021
Berkshire Hathaway's operating earnings jump, Buffett continues to buy back stock
Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace.
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