Weber shares tank as grill maker announces CEO departure amid disappointing sales
Shares of Weber tumbled after the company said CEO Chris Scherzinger is departing amid waning consumer demand.
CNBC Earnings
Verizon shares fall after company cuts full-year forecast
Verizon shares fell nearly 5% after the company released its second-quarter earnings report.
Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid
Twitter blamed the revenue miss on ad industry headwinds and "uncertainty" tied to the pending acquisition of the company by Elon Musk.
Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
Snap missed Wall Street estimates for sales and disclosed a wider-than-expected loss in its second-quarter earnings report.
AT&T shares fall after company says later payments, higher spending are hurting cash flow
AT&T shares fell almost 8% after its second-quarter earnings report revealed a lower-than-expected cash flow.
American Airlines forecasts third-quarter profit but scales back growth after flight disruptions
American's CEO said the carrier would limit its expansion this year.
Domino's earnings miss expectations as pizza chain struggles with driver shortage, higher costs
The ongoing shortage of delivery drivers hurt the chain's sales again this quarter.
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
British digital bank Starling reported its debut annual profit Thursday as revenues at the firm almost doubled.
United Airlines posts profit on travel surge but holds back on flight growth
United Airlines on Wednesday notched a key profit milestone in its pandemic recovery.
Tesla grows revenue 42%, but automotive margins decline
Tesla's margins were impacted by inflation and fiercer competition for the components that go into EVs.
Netflix loses fewer subscribers than expected and says cheaper ad tier is coming in early 2023
The company also said it aimed to unveil its lower-cost, ad-supported tier in early 2023.
IBM shares slide after company trims cash forecast
The hardware, software and consulting provider trimmed its 2022 free cash flow forecast.
Goldman Sachs crushes analysts' expectations on strong bond trading results, shares rise 2.5%
Goldman tends to outperform other banks during periods of high volatility, as displayed by the firm's strong fixed income results.
Bank of America revenue tops expectations as lender benefits from higher interest rates
Led by CEO Brian Moynihan since 2010, the bank is enjoying tailwinds from rising interest rates, but profits were hit by $425 million in regulatory expenses.
Citigroup tops profit estimates as bank benefits from rising interest rates, shares surge 13%
Of the four major banks to report second-quarter results this week, only Citigroup topped expectations for revenue.
Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop
Analysts and investors have been closely poring over bank results for any signs of stress on the U.S. economy.
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy "sometime down the road."
Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
World's largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds
Despite strong Q2 results, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."
Delta posts profit despite jump in costs, vows to improve reliability after airline 'pushed too hard'
Delta said both leisure and business travel demand improved sharply in the second quarter.
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