Tag Breaking News: Earnings

Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin

Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin

Nike reported revenue Thursday that fell in need of Wall Street’s gross sales expectations for the first time in two years, however it beat on earnings and gross margin estimates.

Continue ReadingNike misses revenue expectations for the first time in two years, beats on earnings and gross margin

Costco tops quarterly earnings expectations, even as sales remain soft

Costco tops quarterly earnings expectations, even as sales remain soft

Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as buyers turned to the membership membership for groceries however purchased fewer big-ticket gadgets. On an earnings name, Chief

Continue ReadingCostco tops quarterly earnings expectations, even as sales remain soft

Oracle comes up short on revenue but touts AI cloud contracts

Oracle comes up short on revenue but touts AI cloud contracts

Larry Ellison, Oracle’s chairman and know-how chief, speaks on the Oracle OpenWorld convention in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares moved about 5%

Continue ReadingOracle comes up short on revenue but touts AI cloud contracts

Lululemon sees sales and profit jump 18%, boosts full-year guidance

Lululemon sees sales and profit jump 18%, boosts full-year guidance

A buyer enters a Lululemon retailer on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump

Continue ReadingLululemon sees sales and profit jump 18%, boosts full-year guidance

Nordstrom tops Wall Street’s quarterly expectations, even as it braces for sales declines

Nordstrom tops Wall Street’s quarterly expectations, even as it braces for sales declines

Nordstrom begins the method of closing its shops in Canada with the primary day of a sale on the Eaton Centre in Toronto. March 21, 2023. Steve Russell | Toronto

Continue ReadingNordstrom tops Wall Street’s quarterly expectations, even as it braces for sales declines

Gap reports another period of declining sales across all manufacturers, warns of ‘unsure shopper’

Gap reports another period of declining sales across all manufacturers, warns of ‘unsure shopper’

Gap reported blended outcomes on Thursday and underwhelming current-quarter steerage because the longtime mall retailer warned of an “unsure shopper” and posted another quarter of declining sales across all 4

Continue ReadingGap reports another period of declining sales across all manufacturers, warns of ‘unsure shopper’

Dollar Tree’s shares sink, as CEO says ‘difficult’ economy is pressuring discounter

Dollar Tree’s shares sink, as CEO says ‘difficult’ economy is pressuring discounter

Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer mentioned clients’ procuring lists have largely narrowed to meals and requirements. The discounter joins a

Continue ReadingDollar Tree’s shares sink, as CEO says ‘difficult’ economy is pressuring discounter

Abercrombie & Fitch shares soar 15% as retailer blows past earnings estimates, raises guidance

Abercrombie & Fitch shares soar 15% as retailer blows past earnings estimates, raises guidance

An Abercrombie & Fitch retailer in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket buying and selling, after the retailer crushed Wall Street’s earnings and gross

Continue ReadingAbercrombie & Fitch shares soar 15% as retailer blows past earnings estimates, raises guidance