Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant

Huawei has sought to diversify into new areas including cloud computing and automotive after a rough few years in which U.S. sanctions have hit the company.

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EVgo shares are surging after fourth-quarter results trounce Wall Street estimates

EVgo's revenue surged over 283% from a year ago as a new initiative to provide chargers for businesses boomed.

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Satellite-imagery venture Planet reports record quarterly revenue to cap strong year

Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast.

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Walgreens revenue rises despite sharp decline in demand for Covid tests, vaccines

Walgreens' quarterly results topped Wall Street's expectations, even as profit declined from a year earlier.

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Lululemon shares jump as holiday-quarter sales surge

Lululemon's quarterly results beat Wall Street's expectations, sending shares higher.

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Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger

Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.

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Olive Garden parent raises revenue outlook as same-store sales jump

Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.

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Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.

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Tencent's online ad revenue grows for the first time in more than a year

Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.

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Geely shares jump after automaker beats revenue expectations for 2022

For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle sales.

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Satellite maker Terran Orbital sees annual revenue climb near $100 million

Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled while the company continued to build its order backlog.

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GameStop stock soars after retailer posts first quarterly profit in two years

GameStop has been in the midst of a turnaround and posted its first quarterly profit for the first time in two years.

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FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit

FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.

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Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Growth in Adobe's digital media business is driving higher profit expectations.

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BMW expects higher margin and deliveries in 2023 amid electric rollout

The company plans to deliver 10 million fully electric vehicles by 2030.

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United shares tumble after airline forecasts first-quarter loss

United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher fuel costs.

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GitLab loses one-third of its value after software company issues weak revenue forecast

GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.

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Luxury automaker Porsche issues growth outlook after record 2022 earnings

Luxury carmaker Porsche AG sets long-term target of more than 20% of return on sales.

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Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets

Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness products.

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Oracle shares sink nearly 5% after third-quarter revenue miss

Oracle reported fiscal third quarter 2023 revenue that missed analyst expecations.

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Allbirds admits missteps, unveils new strategy after brutal holiday quarter

Footwear retailer Allbirds had a disappointing holiday quarter and failed to post year-over-year sales growth for the first time in its history.

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Singapore's Sea Group turns profitable for the first time

Tech giant Sea posted a quarterly profit for the first time as the company pledged to move towards profitability last quarter.

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Dick's Sporting Goods smashes same-store sales expectations for holiday quarter

Dick's Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst's estimates of 2.1%.

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Lego sales leap 17% as fans buy bigger, more complicated sets

Lego sales rose as customers bought bigger, more complicated sets such as those from the Harry Potter and Star Wars lines.

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Nordstrom earnings top expectations, retailer says it's winding down Canada operations

Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.

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Kohl's posts surprising holiday-quarter loss, offers weak sales outlook

Kohl's sales for the holiday quarter came in well below Wall Street's expectations.

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Lowe's offers soft sales outlook, warning of a 'cautious consumer'

Lowe's issued a conservative outlook for the next fiscal year as the home improvement sector faces pressure from a shift in consumer spending.

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Salesforce shares jump 13% on better-than-expected forecast

Salesforce shares surged in extended trading on Wednesday on an optimistic earnings outlook.

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