Fintech firm Klarna's losses triple after aggressive U.S. expansion and mass layoffs

The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.

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Russia's Gazprom rallies by over 20% after bumper profit and dividend announcement

Russian gas giant Gazprom posted a record first-half profit on Tuesday and promised new dividends to shareholders.

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Best Buy's quarterly sales drop, as inflation-weary consumers pull back on spending

Best Buy also reaffirmed its guidance for the fiscal year, saying it expects softer demand for consumer electronics.

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Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter

Gap withdrew its financial outlook for the year after its second-quarter sales fell from a year ago and it works to fix its struggling business.

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Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

Peloton has pursued sweeping changes, including price hikes and a shift to emphasizing subscriptions, that have yet to fully pay off.

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Nvidia says gaming market conditions are 'challenging,' Q3 forecast misses

Nvidia's success in the past two years has been largely attributed to the quality of its latest generation of graphics cards.

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Snowflake shares soar following revenue beat

Shares of the cloud data platform provider Snowflake popped more than 17% in extended trading on Wednesday.

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Salesforce trims full-year expectations for earnings and revenue

Salesforce beat estimates for the latest quarter but gave a disappointing forecast for the year.

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Nordstrom shares drop as retailer cuts full-year forecast, cites inventory glut

Nordstrom slashed its financial forecast for the full year as the department store chain faces a glut of inventory that it must discount to move off shelves.

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Dick's Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates

Dick's Sporting Goods reported quarterly earnings and revenue that topped analysts' expectations and boosted its financial outlook for the year.

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Macy's cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending

Macy's on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel.

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Zoom pares back annual forecast as revenue growth slows to single digits

Zoom's finance chief, Kelly Steckelberg, said revenue would have grown faster if it weren't for the strong U.S. dollar and online business performance.

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Kohl's cuts guidance, blaming inflation for softer sales from middle-income shoppers

Kohl's said its middle-income customers have been particularly pressured by higher inflation.

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Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast

Cisco said revenue will grow by about 5% in the new fiscal year, accelerating from 3% in the year that just ended

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Target’s earnings take a huge hit as retailer sells off unwanted inventory

The big-box retailer cut its profit outlook in June, saying it would take a hit as it marked down unwanted goods and canceled merchandise orders.

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Lowe's reports mixed second-quarter results, citing shortened spring that hurt sales

Lowe's reported mixed second-quarter earnings Wednesday morning.

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Tencent, the $370 billion Chinese tech giant, posts first ever revenue decline

Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid hit the tech giant.

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Walmart sticks with second-half outlook after earnings beat expectations

The retailer's profits are under pressure, as consumers feel pinched by inflation and buy fewer high-margin items, such as apparel and electronics.

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Home Depot's second-quarter earnings beat expectations, company stands by 2022 guidance

Home Depot reported second-quarter earnings and revenue that beat expectations Tuesday morning.

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Saudi Aramco profit surges 90% in second quarter amid energy price boom

Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on Sunday.

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Huawei's second quarter revenue rises slightly from a year ago

Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.

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Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year

Electric vehicle maker Rivian maintained its full-year guidance for deliveries, but trimmed its full-year financial outlook.

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Warby Parker slashes sales outlook for the year as loss widens

Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year.

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Jim Beam maker says some customers trading down, others still paying more for high-end liquor

Some price-sensitive whiskey and tequila drinkers are swapping out their high-end bottles for cheaper options, according to Beam Suntory.

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Disney streaming subscriber growth blows past estimates, as company beats on top and bottom line

Disney posted better-than-expected earnings on both the top and bottom line, bolstered by increased spending at its domestic theme parks.

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Norwegian Cruise Line shares fall as revenue, outlook lag pre-pandemic levels

The company reported second-quarter results that lagged pre-pandemic levels and warned of persistent volatility ahead.

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Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands

Deliveroo reported a pretax loss of £147.3 million in the first six months of the year, up 54% from the same period a year ago.

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Coinbase shares drop on billion-dollar loss in second quarter and revenue miss

Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell.

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Sweetgreen stock plummets after salad chain lowers forecast, announces layoffs and office downsizing

Sweetgreen said it will lay off 5% of its workforce and downsize to a smaller office building to lower its operating expenses.

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Roblox misses on top and bottom, shares dip 12%

Roblox reported second-quarter results on Tuesday that missed analyst estimates on the top and bottom lines.

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Nvidia warns on second-quarter revenue, shares dip

Nvidia shares dipped after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its outlook.

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Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue

Spirit's expenses soared more than 66% compared with three years ago. Its fuel bill more than doubled.

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Allbirds 'dramatically' slows pace of new hires as loss widens

Allbirds announced cost-cutting efforts as the sustainable shoe maker reported wider loss compared with a year earlier.

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Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading

The Maryland biotech company cut its 2022 sales outlook by about 50% and now expects to generate $2 billion to $2.3 billion in revenue.

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Palantir shares fall more than 10% following earnings report

Palantir reported second-quarter results before the bell Monday that showed a greater loss per share than anticipated but beat analyst's revenue expectations.

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AMD beats on earnings and revenue, but third-quarter forecast comes in light

AMD currently has a significant market opportunity as its primary rival for PC and server chips, Intel, stumbles with execution.

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PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company

PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.

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Robinhood cutting about 23% of jobs, releases second quarter earnings

Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.

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Airbnb reports record-breaking bookings, announces $2 billion buyback

Airbnb's revenue jumped 58% year-over-year to $2.1 billion helping to drive the company’s most profitable second quarter to date.

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

Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion.

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Ferrari boosts full-year guidance after a record second quarter

Ferrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders.

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JetBlue forecasts return to profit in third quarter, holds back on growth as costs surge

JetBlue posted a second-quarter loss and scaled back capacity growth plans.

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Uber reports another big loss but beats on revenue, shares pop 12%

Uber reported a second quarter loss on Tuesday but beat analyst estimates for revenue.

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Oil major BP boosts dividend as quarterly profits jump on high commodity prices

U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices.

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Pinterest climbs on user numbers and Elliott investment even as financials disappoint

Pinterest shares jumped after the company's user numbers surpassed analysts' estimates in a gloomy quarter for social media.

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