4 years 4 months ago
Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.
4 years 4 months ago
Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.
4 years 4 months ago
Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices.
4 years 4 months ago
The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.
4 years 4 months ago
Snowflake maintained its full-year projections, show that it continues to expect revenue growth to slow from its days as a newly minted public company.
4 years 4 months ago
Dick's trimmed its outlook for the year amid uncertain economic conditions, but the retailer said it isn't yet seeing any dramatic shifts in its business.
4 years 4 months ago
CEO Erik Nordstrom said the company has been able to capitalize on demand from people who are shopping for "long-awaited occasions."
4 years 4 months ago
Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.
4 years 4 months ago
Best Buy's revenue beat Wall Street's revenue estimates for the fiscal first quarter.
4 years 4 months ago
Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
4 years 4 months ago
Zoom shares have lost about 85% of their value since peaking October 2020, and are down by more than half this year.
4 years 4 months ago
Kohl's joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation.
4 years 4 months ago
Palo Alto Networks is benefiting from positive trends in demand for cybersecurity services, CEO Nikesh Arora said in a statement.
4 years 4 months ago
Cisco has gone from growth to flat revenue, and now it's calling for a decline as it sees costs mounting from the war between Russia and Ukraine.
4 years 4 months ago
Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.
4 years 4 months ago
China's Covid lockdowns have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals.
4 years 4 months ago
Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures.
4 years 4 months ago
The home improvement retailer's profit topped Wall Street estimates for the quarter, even as sales missed the mark.
4 years 4 months ago
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
4 years 4 months ago
The discounter said the significant jump in fuel prices, higher labor costs and aggressive inventory levels weighed on the company's profits.
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