Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year.
CNBC Earnings
Lyft shares pull way back after CFO corrects major earnings release error
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.
Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
Molson Coors gained market share after the Bud Light boycott last year. Now executives believe they can maintain the growth they've seen in the past year.
Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue
Sony said it now expects to sell 21 million units of the PlayStation 5 in the fiscal year ending March, down from a previous forecast of 25 million units.
Airbnb reports better-than-expected revenue and beats on guidance
Airbnb reported 17% revenue growth for the fourth quarter and provided an optimistic forecast for the current period.
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, alongside reporting fourth-quarter earnings.
Hasbro reports 20% revenue drop, issues downbeat 2024 outlook
Hasbro now expects to cut $750 million in costs by the end of 2025, up from a previous target of $350 million to $400 million.
Coca-Cola sales beat estimates, helped by higher prices
Coca-Cola sales rose as higher prices helped the beverage giant overcome lower volume in North America.
Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Restaurant Brands earnings beat expectations as Tim Hortons performed better than expected.
Biogen revenue and profit shrink on Aduhelm costs, slumping sales of multiple sclerosis therapies
The results come amid the rollout of Biogen and Eisai's Leqembi, the first drug found to slow the progression of Alzheimer's to win FDA approval.
Travel giant TUI smashes earnings expectations as investors decide on London exit
German travel giant TUI on Tuesday posted a quarterly operating profit of 6 million euros ($6.46 million) on the back of upbeat travel demand.
PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years
PepsiCo's revenue fell 0.5% in the fourth quarter, as it saw slower demand in North America.
Pinterest shares drop on weak outlook, revenue miss
Pinterest issued a weaker-than-expected forecast on Thursday and also missed on revenue.
Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
Fourth-quarter results and guidance for the current quarter came in higher than expected, with Cloudflare big deals adding up.
Spirit Airlines says it’s on the path back to profitability, with or without JetBlue
Spirit Airlines and JetBlue are appealing a federal judge's decision to block their planned merger.
Roblox shares rise 10% after company beats estimates and issues strong guidance
Roblox reported results for the fiscal fourth quarter and full year that beat consensus estimates on the top and bottom lines.
Arm shares soar as much as 41% after chip designer gives strong forecast, says AI is boosting sales
Arm's intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
PayPal reported fourth-quarter financials that topped analysts' estimates but provided guidance that came in slightly below Wall Street expectations.
Disney beats earnings estimates, hikes guidance as it slashes streaming losses
Disney reported earnings after the bell. Here are the results.
Yum Brands disappoints as Middle East conflict weighs on sales growth
Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023.
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