Best Buy ‘s quarterly beat and guidance raise on Thursday was good for a 15% pop in the stock as investors rewarded better execution and the promise of wider adoption of AI devices and lower interest rates. Revenue in the company’s fiscal 2025 second quarter fell 3.1% year over year to $9.29 billion in the
Earnings
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29. Yuki Iwamura | Bloomberg | Getty Images Lululemon lowered its guidance and posted its first revenue miss in more
In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported
Nvidia ‘s financials released after Wednesday’s close weren’t quite the $4 billion “Triple Lindy” of upside many investors were hoping for. But they were darn close, which avoided a feared massive sell-off in one of the three U.S. companies in the $3 trillion market cap club. Revenue for at the AI semiconductor powerhouse’s fiscal 2025
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares rose 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal
In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT An Abercrombie & Fitch store in the Soho neighborhood of New York, US, on Monday, Aug. 19, 2024. Abercrombie & Fitch Co. is scheduled to release earnings figures on August 28. Photographer: Yuki Iwamura/Bloomberg via Getty Images Yuki Iwamura | Bloomberg | Getty Images Abercrombie
Brent Lewin | Bloomberg | Getty Images PetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China. China’s largest oil and gas company posted a net income of 88.61 billion yuan
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As
On Aug. 5, we awoke to a market upside-down. Japanese stocks, so strong this year, had crashed, literally crashed, down 12%, a hideous decline, worst since 1987. Oddly, there was nothing wrong. The yen had strengthened, forcing investors who had borrowed yen to buy our stocks and others around the world to put up more
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from
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