Troubled home-goods retailer Bed Bath & Beyond Inc. disclosed in a filing Thursday that it was in default on loans that have been called in, sending its stock plunging. The filing comes just three...
Tag: Earnings
Tesla Gains 11% As Strong Earnings Outweigh Musk’s ‘Distractions’
Topline Tesla shares skyrocketed Thursday after the company reported its best-ever quarterly sales and profit in a report that largely shattered market expectations, as the stock bounces back from mul...
Stock futures rise ahead of more earnings, data
U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 (^GSPC) increased by 1.1%, while the Dow Jones In...
Mobileye Stock Gains After Blow-Out Earnings Show Growth in Self-Driving Cars
Car owners who want their vehicles to drive them around have been burned by years of overpromising by the auto industry. There are no truly self-driving cars. Autonomous-driving technology is getting ...
WisdomTree Announces Say Platform for Fourth Quarter 2022 Earnings is Live
NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today that Say, a stockholder Q&A platform, is live and ready to be used in advance of its upcoming fo...
This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows.
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX, +0.40% has gained 5% this year, and the tech-h...
Peacock losses to peak this year as it slowly adds subscribers
The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020. Gabby Jones | Bl...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
Blackstone profit falls, but distributable earnings beat estimates
Blackstone Inc. BX, +3.02% stock fell 1% in premarket trades on Thursday after the private equity firms said its fourth-quarter net income fell to $557.9 million, or 75 cents a share, from $1.4 billio...
Archer Daniels Midland blows past Wall Street’s profit and revenue estimates
Archer Daniels Midland Co. ADM, -1.24% said Thursday its fourth-quarter profit rose to $1.02 billion, or $1.84 a share, from $782 million, or $1.38 a share, in the year-ago quarter. Adjusted earnings ...
BTC Back Above $23,000 Following Tesla Q4 Earnings Report – Market Updates Bitcoin News
Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla’s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was als...
IBM Earnings Top Expectations. Its Stock Is Falling.
IBM turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook o...
Robinhood Markets Inc (HOOD) Stock Price Analysis : Hood stock price prepares for Q4 earnings
Robinhood stock price stuck in the narrow range consolidation and struggles to hold the 50 day EMA NASDAQ : HOOD stock price is up by 19% on a monthly basis and formed bullish reversal candle Hood sto...
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
American Airlines (AAL) earnings Q4 2022
Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images American Airlines‘ fourt...
Southwest Airlines (LUV) earnings Q4 2022
Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessy | Anadolu Ag...
Comcast (CMCSA) 4Q22 earnings
Comcast on Thursday reported fourth quarter earnings that topped analyst expectations despite persistent softness in broadband subscriber growth and mounting losses from its streaming service, Peacock...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
Diageo sees 9.4% jump in organic net sales for first half as prices rise
Diageo PLC UK:DGE said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout. The Lond...
STMicroelectronics revenue, profit jump on automotive, microcontrollers strength
STMicroelectronics NV on Thursday posted a surge in revenue and profit for the fourth quarter led by growth at its automotive and microcontrollers divisions. The European chip maker STM IT:STM said ne...
Visa Stock, Mastercard Earnings Face The Inflation/Recession Squeeze
Colossal credit card companies Mastercard (MA) and Visa (V) report earnings results on Thursday. Mastercard announces fourth quarter results before the market opens. Visa kicks off its fiscal 2023 res...
Dogecoin (DOGE) Rally Ready Ahead Of Tesla Quarterly Earnings?
Dogecoin (DOGE) News: Dogecoin whales are accumulating the memecoin as it takes a trajectory of fluctuation ahead of the Tesla Q4 earnings release. It may be recalled that during the second quarter ea...
Tesla Stock Surges On Earnings: “Millions of Cars with Full Self-Driving Can Be Sold At 100% Gross Margin”
Tesla (TSLA) reported mixed fourth-quarter results Wednesday, topping earnings estimates while missing on revenue views. Tesla stock still jumped in overnight trade as CEO Elon Musk was bullish about ...
Levi Strauss Co (LEVI) Q4 earnings 2022
A pair of Levi’s selvedge denim jeans arranged in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Levi Strauss on Wednesday posted earnings and revenue that topped Wall StreetR...
AT&T subscriber growth tops analyst expectations, stock jumps
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC AT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall St...
Tesla Posts Best-Ever Quarterly Revenue And Profit
Topline Tesla beat analyst expectations in its fourth-quarter earnings report Wednesday though expenses soared, as the electric vehicle giant led by the nation’s wealthiest man Elon Musk grapple...
IBM posts biggest annual sales increase in more than a decade, announces layoffs
International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Exe...
Lam Research to trim 7% of workforce, increase R&D spending as memory-chip crunch hits outlook
Lam Research Corp. shares declined in the extended session Wednesday after the silicon-foundry equipment supplier said it will cut its workforce by 7%, while increasing the portion it spends on R&...