Monday, 28 March 2022

Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges

Huawei's business has been hurt by U.S. sanctions, which have sought to cut it off from key software and components like semiconductors.

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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges

Huawei's business has been hurt by U.S. sanctions, which have sought to cut it off from key software and components like semiconductors.

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Thursday, 24 March 2022

Olive Garden parent's earnings miss estimates, company lowers fiscal 2022 outlook

Darden Restaurants, which owns Olive Garden, reported quarterly earnings and revenue that missed analysts' expectations.

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Wednesday, 23 March 2022

Tencent quarterly profit surges 60% despite slowest revenue growth on record

Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021.

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Monday, 21 March 2022

Nike shares rise as earnings top estimates on strong North America demand

Nike reported earnings and sales that topped analysts' estimates, thanks to robust demand in North America as consumers headed back to stores.

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Saudi Aramco's full-year profit more than doubles on soaring oil prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

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Thursday, 17 March 2022

GameStop shares fall as retailer reports loss during holiday quarter

GameStop has gotten attention from investors due to the meme stock frenzy.

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Warby Parker shares sink as eyewear retailer reports continued losses, offers weak outlook

Warby Parker said sales were hurt in the final weeks of December, which coincided with typical peak demand in the optical industry.

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Thursday, 10 March 2022

Oracle stock drops as investments drag down profit

Investments in a gene-sequencing company and a server chip maker cut into Oracle's earnings, which came in below expectations.

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Tuesday, 8 March 2022

Stitch Fix shares plummet after company cuts guidance for the year

Stitch Fix offered a weak outlook for its fiscal third quarter and slashed its forecast for the full year.

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Dick's Sporting Goods expects more profit momentum after solid holiday quarter

CEO Lauren Hobart said the company's 2022 outlook establishes a new foundation for the Dick's to build upon in the future.

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Lego revenue jumped 27% in 2021, as kids and adults continue to build

Sales of Lego continued to soar in 2021, as kids and adults stayed home to build "Star Wars" and "Harry Potter" models long after the coronavirus lockdown ended.

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Thursday, 3 March 2022

Gap shares rise after retailer issues strong earnings guidance, despite weak revenue outlook

Gap Inc. shares climbed after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges.

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Sweetgreen stock soars after posting impressive sales growth in its first quarterly report since IPO

After a strong debut on the public markets in mid-November, the stock has struggled as investors question the company's lack of profitability.

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Best Buy's holiday-quarter sales miss expectations due to supply chain challenges and omicron

The consumer electronics retailer, which has been a pandemic beneficiary, gave a weaker-than-expected outlook for the coming year.

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Wednesday, 2 March 2022

Victoria's Secret refers to Ukraine war and inflation as it offers dismal first-quarter outlook

Victoria's Secret appeared to reference Russia's attack on Ukraine as it issued a weak outlook for its first quarter.

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Snowflake plunges almost 30% on slowing revenue growth

Snowflake shares dropped after the company's earnings report.

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Tuesday, 1 March 2022

Salesforce reports better-than-expected earnings and revenue, issues upbeat guidance

Salesforce beat on the top and bottom lines in its fiscal fourth-quarter earnings report.

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Nordstrom stock spikes 35% as retailer makes key strides in its off-price Rack business, issues strong guidance

Nordstrom reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year.

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First Solar sinks after revenue miss, disappointing guidance

The solar-panel manufacturer has faced rising raw material costs and supply chain bottlenecks.

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GoodRx shares plunge 39% after revenue miss, weak forecast

Discount drug prescription site GoodRx plunged 39% after the company missed estimates on revenue and gave a weak forecast.

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Domino's shares slide as company announces CEO retirement, weak fourth-quarter results



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Kohl's reports light sales for the holiday quarter, issues upbeat guidance

CEO Michelle Gass said Kohl's achieved an operating margin of 8.6% two years ahead of schedule.

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Target shares surge as retailer says it can keep growth going beyond the pandemic

The discounter will also hold an in-person investor day Tuesday in New York City.

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