Salesforce stock jumps as it raises profit forecast

Salesforce now sees a stronger full fiscal year of profitability even as it expects to turn in less revenue than it had previously expected.

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Victoria's Secret quarterly profit beats Wall Street estimates in spite of challenging backdrop

Victoria's Secret said in prepared remarks that it navigated "significant supply chain headwinds" in the quarter while also lapping federal stimulus benefits from the year-ago period.

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Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record

Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.

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3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring

Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices.

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Gap shares fall 13% after retailer slashes profit guidance for the year

The lower-income consumer, which is Old Navy's target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.

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Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.

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Nvidia stock falls on light guidance, CFO says company will slow hiring

The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.

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Snowflake stock falls as executives forecast a narrower margin than expected

Snowflake maintained its full-year projections, show that it continues to expect revenue growth to slow from its days as a newly minted public company.

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Dick's Sporting Goods cuts outlook for the year, joining broader retail trend

Dick's became the latest retailer to cut its financial forecast for the year as it contends with high inflation and supply chain problems.

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Nordstrom raises full-year outlook as first-quarter sales top expectations

CEO Erik Nordstrom said the company has been able to capitalize on demand from people who are shopping for "long-awaited occasions."

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Abercrombie shares fall over 10% after retailer posts loss, offers weak outlook

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Best Buy shares rise after electronics chain's sales top expectations

Best Buy's revenue beat Wall Street's revenue estimates for the fiscal first quarter.

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Zoom pops 16% on first-quarter earnings beat and strong guidance

Zoom shares have lost about 85% of their value since peaking October 2020, and are down by more than half this year.

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Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring

Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.

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Palo Alto Networks stock jumps after company lifts full-year forecast

Palo Alto Networks is benefiting from positive trends in demand for cybersecurity services, CEO Nikesh Arora said in a statement.

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Kohl's says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

Kohl's joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation.

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Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation

China's Covid lockdowns have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals.

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Bath & Body Works shares fall as retailer cuts profit outlook due to inflation

Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures.

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Cisco stock plunges 17% as company forecasts surprising revenue decline

Cisco has gone from growth to flat revenue, and now it's calling for a decline as it sees costs mounting from the war between Russia and Ukraine.

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Lowe's sales decline as cool spring weather weighs on demand for outdoor products

The home improvement retailer's profit topped Wall Street estimates for the quarter, even as sales missed the mark.

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Target shares sink more than 20% after company says high costs, inventory woes hit profits

The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.

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Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.

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Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record; shares pop 8%

JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.

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

The discounter may benefit short-term from rising food and energy prices, but could lose out in discretionary categories if consumers feel budget-strapped.

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

Shares of the company have fallen 7% over the last year, dragging its market value down to $306 billion.

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Disney shares slip after earnings report, as Covid closures take a toll on parks in Asia

Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but its shares fell after hours.

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Rivian stock jumps as the EV automaker says demand remains high and production is on track

Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it's still on track to build 25,000 vehicles this year.

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Beyond Meat shares tumble after company reports widening loss, disappointing revenue

Beyond Meat reported a wider-than-expected loss for its first quarter as it offered steeper discounts and cheaper prices to international consumers.

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Coinbase revenue drops 27% from a year ago, stock slides

Coinbase earnings missed analyst estimates and shares fell as much as 19% in extended trading.

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Roblox shares sink on disappointing revenue and wider-than-expected loss

Roblox soared in popularity during the pandemic, but the hype has since cooled.

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SoFi stock falls after fintech firm accidentally releases first-quarter report early

SoFi blamed the early release of its results on human error, according to CNBC's Kate Rooney.

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A.I. lender Upstart shares plummet 55% after company cuts full-year revenue forecast

Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.

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Peloton shares fall 26% after company posts huge loss and offers weak guidance

Peloton reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company's cash. 

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Novavax posts first profitable quarter as Covid vaccine rolls out around the world

Novavax reported net income of $203 million in the first quarter, compared to a net loss of $222.7 million the same period last year.

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AMC shares rise after results outpace Wall Street expectations

AMC Entertainment posted a narrower-than-expected loss during the first quarter.

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Under Armour stock falls as company offers weak guidance, posts unexpected loss

Under Armour reported an unexpected loss and sales below estimates as the company grappled with global supply chain challenges and Covid lockdowns in China.

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DoorDash rises after reporting 35% sales growth

DoorDash reported a significantly slower rate of revenue growth than it did in the same quarter in 2021, when net sales nearly tripled.

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Lucid reports 30,000 EV reservations and raises prices on its Air sedans

Lucid said that it now has 30,000 reservations for its Air luxury sedan — and it's raising prices in June.

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Sweetgreen losses widen despite 67% jump in quarterly sales

Sweetgreen sales jumped 67%, fueled by more customer transactions and menu price hikes.

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Shopify stock down 15% after earnings miss, $2.1 billion acquisition of logistics start-up

Shopify announced it would buy Deliverr, which provides fulfillment services for online merchants, for $2.1 billion, the largest acquisition in its history.

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Wayfair loses customers and money in a messy quarter, announces its CFO will retire

Wayfair co-founder and Chief Executive Officer Niraj Shah said, despite sliding sales, consumer health remains "relatively strong."

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Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices

Shell's bumper earnings echo profits seen across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.

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Sunrun shares surge after company reports jump in customers, says higher utility prices are fueling solar

The largest residential solar company in the U.S. raised guidance for Q2 as soaring commodity prices make solar power more attractive.

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EBay and Etsy drop on weak guidance as e-commerce crunch continues

Both of the companies gave disappointing guidance for the current quarter, sending their stocks sharply lower in extended trading.

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A slate of EV automakers report earnings this week and will try to prove they can turn hype into production

All three stocks are down sharply from highs: Can the companies regain momentum?

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Uber reports surging revenue as drivers return, but posts massive loss on investments

Uber expects to keep drivers without "significant incremental incentive investments."

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CVS raises forecast for year, as first-quarter earnings top expectations

CVS Health outpaced expectations for earnings and raised its guidance for the year, as it saw demand for at-home Covid tests, prescriptions and more.

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Starbucks suspends its outlook as Covid lockdowns hammer sales in China

It's Howard Schultz's first earnings report since taking back the top job at Starbucks in early April.

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AMD sales jump 71%, shrugging off concerns about PC slowdown

AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue.

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Lyft shares plunge on light guidance, continued driver incentives

The company has struggled with driver supply and demand imbalances throughout the pandemic, leading to higher costs or long wait times.

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Airbnb beats estimates with 70% revenue growth as travel rebounds

Airbnb said it's seen substantial growth in bookings despite pandemic concerns, "macroeconomic headwinds" and the war in Ukraine.

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Pfizer reports combined sales of $15 billion for Covid vaccine and antiviral treatment in first quarter

Pfizer said it sold $13.2 billion of its Covid vaccine and $1.5 billion of its antiviral treatment Paxlovid.

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Burger King parent earnings beat estimates as revenue climbs 15%

Restaurant Brands International reported results that beat expectations, fueled by strong same-store sales growth from Burger King's overseas restaurants.

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BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit

BP announced a further $2.5 billion in share buybacks as it reported its highest first-quarter profit in more than a decade.

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Uber reports Q1 earnings on Wednesday: Here's what Wall Street's watching

Uber shares are down more than 26% year-to-date Here's what Wall Street will be looking for when Uber reports Q1 earnings on Wednesday.

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