Tuesday, 30 November 2021

Salesforce fourth quarter guidance misses Wall Street expectations

Salesforce reported fiscal third-quarter earnings on Tuesday.

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Eco-friendly shoemaker Allbirds posts wider loss despite 33% gain in quarterly sales; shares fall

Allbirds' losses widened as the cost of opening stores and listing its stock weighed on its results.

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Tuesday, 23 November 2021

Gap shares crater 15% after retailer sees millions in lost sales from delayed product shipments, cuts forecast

Gap Inc. on Tuesday slashed its full-year outlook due to supply chain complications that put a damper on its third-quarter sales and took a bite out of profits.

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Nordstrom shares tumble more than 20% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales

Nordstrom earnings fell short of analysts' expectations as labor costs ate into profits and sales struggled to return to pre-pandemic levels.

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Dick's Sporting Goods crushes earnings and raises full-year outlook

Dick's Sporting Goods on Tuesday reported fiscal third-quarter earnings and sales that outpaced analysts' expectations.

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Best Buy earnings top estimates but retailer's stock tumbles amid weakening demand, shipping bottlenecks

Best Buy's fourth quarter could be hurt by rising shipping costs and weaker demand for consumer electronics.

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Monday, 22 November 2021

Zoom beats estimates even as revenue growth is poised to slow after pandemic

Zoom indicated that revenue growth will slow to 19% in the current quarter, compared with over 300% growth last year following the onset of the coronavirus.

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Thursday, 18 November 2021

Kohl's shares jump after retailer reports 16% sales increase as shoppers buy clothes and makeup

The department store chain also raised its forecast for the year.

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Macy's shares rise as department store beats on earnings and hikes full-year outlook, thanks to new customers

Macy's reported third-quarter earnings and sales that topped analysts' expectations, leading the department store chain to raise its full-year forecast.

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Alibaba misses expectations as earnings plunge 38% in the September quarter

Alibaba has been a victim of China's crackdown on its technology industry which has seen a slew of new regulation brought in from antitrust to data protection.

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Wednesday, 17 November 2021

Nvidia data center sales grew 55% on demand for artificial intelligence chips

The company has had more demand than it can fill, especially for its hard-to-find graphics cards, which have been popular with gamers.

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Cisco reports disappointing revenue and issues forecast that misses estimates

Cisco CEO Chuck Robbins said the company saw strong demand despite supply challenges, but the company failed to meet analysts' revenue estimates.

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Lowe's tops estimates as customers invest more in bigger home projects, retailer lifts sales forecast

The home improvement retailer has been making an effort to win more electricians, contractors and other professionals as customers.

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Target tops earnings estimates, but shares fall as retailer focuses on keeping customer prices low

Target raised its fourth-quarter forecast, predicting comparable sales could rise at between a high-single digit and low double-digit pace.

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Tuesday, 16 November 2021

Walmart is about to report earnings. Here's what to expect

Walmart's earnings report will offer clues of how the holiday season is shaping up.

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Home Depot is about to report earnings. Here's what to expect

Shares of Home Depot have climbed 39% this year, giving it a market value of $392 billion.

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Monday, 15 November 2021

Shares of EV start-up Lucid rise after executives confirm new reservations, 2022 vehicle production

The company on Monday said it has more than 17,000 reservations for its Air sedan, up from 13,000 through the third quarter.

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WeWork shows more losses in its first quarterly report as a public company

WeWork said total revenue for the quarter was $661 million, up 11% from the previous quarter.

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Friday, 12 November 2021

Warby Parker's losses widen in the third quarter as direct listing costs offset 32% sales growth

Warby Parker reported Friday that its third-quarter revenue rose 32% from year-ago levels, but its losses widened.

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Coach owner Tapestry shares rise on upbeat outlook and abating supply chain fears

Coach owner Tapestry shares rose after the high-end handbag owner hiked its revenue forecast for the year.

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Thursday, 11 November 2021

Lordstown Motors delays Endurance EV pickup production due to supplier issues, shares fall

Commercial production and deliveries of Lordstown Motors' all-electric pickup called the Endurance is once again being pushed back, the company said Thursday.

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Opendoor thrives in home-flipping market Zillow just exited as earnings beat estimates

Opendoor shares surged in after-market trading on Wednesday as third-quarter results exceeded analysts' estimates.

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Affirm shares soar after company announces expanded deal with Amazon, fiscal Q1 revenues beat estimates

Affirm shares soared in after-hours trading Wednesday, after the company announced it would expand its Amazon deal and that it beat on fiscal Q1 revenue.

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Wednesday, 10 November 2021

Beyond Meat shares crater as losses mount, company expects weak U.S. sales growth ahead

Beyond Meat reported a wider-than-expected loss for its fourth quarter and revenue that fell short of analysts' estimates.

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Disney set to report fourth-quarter earnings after the bell

Disney may show slowing growth of its Disney+ streaming service when it reports fiscal fourth-quarter earnings after the bell Wednesday.

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Tuesday, 9 November 2021

Coinbase shares drop after third-quarter revenue misses analysts' estimates

Coinbase reported weaker-than-expected revenue figures in the third quarter and a drop in monthly active users from the prior period.

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DoorDash to acquire international delivery platform Wolt for $8.1 billion

Wolt currently has about 4,000 employees and operates in 23 countries.

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Monday, 8 November 2021

PayPal reports 13% revenue increase in the third quarter and announces Venmo partnership with Amazon

PayPal on Monday after reported third-quarter earnings that were weaker than analysts had expected even as revenue rose 13%.

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Roblox soars more than 30% as it reports that revenue doubled in third quarter

Roblox said user growth for its video game continued in the third quarter, with the company. now averaging 47 million each day.

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AMC posts smaller-than-expected loss, but CEO says there are still pandemic challenges ahead

Shares of AMC Entertainment whipsawed in extended trading Monday after the company posted a smaller-than-expected loss for the third quarter.

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Saturday, 6 November 2021

Berkshire's operating earnings pop 18% last quarter with Buffett's cash pile at record $149 billion

The conglomerate reported operating income $6.47 billion in the third quarter, rising 18% from $5.48 billion from the same quarter a year ago.

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Thursday, 4 November 2021

Peloton is about to report earnings. Here's what to expect

Peloton is set to report its fiscal first-quarter financials after the market closes on Thursday.

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Moderna shares fall after company cuts 2021 forecast for Covid vaccine sales



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Credit Suisse scales back investment banking as earnings beat estimates

The Swiss bank also revealed that it expects to report a net loss in the fourth quarter and said it plans to scale back its investment banking operations.

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Wednesday, 3 November 2021

Roku shares drop after streaming company misses revenue estimates

Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations.

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Qualcomm shares pop as smartphone chip sales rise 56%

Qualcomm's revenue also beat Wall Street expectations despite a global chip shortage, driven by chip sales for smartphones, which were up 56% year-over-year.

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SunPower falls short on revenue, still weighing options for commercial solar business

Solar company SunPower's third-quarter revenue disappointed the Street.

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CVS Health beats on earnings, gets lift from Covid vaccines and prescription volumes

The drugstore chain has gotten a boost from Covid-19 vaccines and the return of more typical pharmacy patterns.

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Tuesday, 2 November 2021

Freshworks sinks 13% after software maker forecasts lower annual revenue than expected in first quarterly report since IPO

Freshworks contends with enterprise-software heavyweights such as Oracle and Salesforce, and now the company is calling for revenue growth to slow.

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Lyft says drivers are coming back, but disappoints on active riders

Lyft reported 18.94 million active riders this quarter, compared to the expected 19.69 million, per StreetAccount.

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Zillow says it's closing home-buying business and cutting 25% of workforce; earnings miss estimates

Zillow said on Tuesday that it's winding down its home-buying unit, which competes with Opendoor.

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SolarEdge revenue falls short, but company claims 'record backlog' of orders

SolarEdge shares dipped in extended trading on Tuesday after the company's third-quarter revenue feel short of expectations.

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Outback Steakhouse parent's stock tumbles 11% after higher costs hit 2022 forecast

Shares of Bloomin' Brands tumbled 11% Tuesday after the company said it's expecting an additional $170 million in costs next year due to inflation.

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Under Armour shares soar as earnings beat prompts retailer to hike annual outlook

Under Armour CEO Patrik Frisk credited strong marketing efforts that are boosting affinity for the athletic apparel maker's brand.

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BP posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices.

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