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.
CNBC Earnings
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.
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.
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.
Nike's holiday quarter plagued by bloated inventory, weak China sales
Investors have been watching to see if Nike's gross margins improve from its direct-to-consumer channels.
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 in two years.
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.
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.
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.
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.
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 costs.
BMW expects higher margin and deliveries in 2023 amid electric rollout
The company plans to deliver 10 million fully electric vehicles by 2030.
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.
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.
Allbirds stock plunges after company admits missteps, unveils new strategy
Footwear retailer Allbirds had a disappointing holiday quarter and failed to post year-over-year sales growth for the first time in its history.
Oracle shares sink nearly 5% after third-quarter revenue miss
Oracle reported fiscal third quarter 2023 revenue that missed analyst expecations.
Gap announces big loss, declining sales and executive shakeup
Gap's fiscal fourth quarter results fell short of Wall Street's expectations.
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.
Walmart gives soft outlook for the year after posting strong holiday quarter
Walmart gave a weaker-than-expected outlook for the year ahead.
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kanye West's Yeezy brand in October.
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