3 years 1 month ago
Australia's Qantas announced a record annual profit on Thursday, and announced a share buyback and a multi-billion dollar order for 24 new aircrafts.
3 years 1 month ago
Revenue in the second quarter doubled from $6.7 billion a year earlier and increased 88% from the prior period.
3 years 1 month ago
CVS is looking to strengthen its foothold in the biosimilars market, which is expected to grow to $100 billion over the next six years.
3 years 1 month ago
Peloton's shares plunged 22% after the company posted a wider-than-expected loss and churn that it blamed on its Bike seat recall and seasonality.
3 years 1 month ago
Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.
3 years 1 month ago
Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.
3 years 1 month ago
CEO Marvin Ellison told CNBC that shakier consumer confidence is leading to softer discretionary sales.
3 years 1 month ago
Macy's topped adjusted earnings and sales estimates, but said revenue fell year over year and reiterated a cautious forecast.
3 years 1 month ago
Dick's Sporting Goods says it's grappling with an uptick in retail theft that contributed to a 23% drop in profits, prompting it to slash its full year outlook.
3 years 1 month ago
Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter.
3 years 1 month ago
While the consumer part of Zoom doesn't look as strong as it once did, the enterprise side looks robust enough for executives to raise their forecast.
3 years 1 month ago
Palo Alto's better-than-expected earnings report was a relief to investors who were concerned about potentially bad numbers due to a late Friday announcement
3 years 1 month ago
Walmart beat earnings and revenue expectations as it capitalizes on its low-priced reputation with consumers looking for value.
3 years 1 month ago
Adyen reported revenue of 739.1 million euros ($804.3 million) in the first half of the year, up by 21% from 2022, but below analyst estimates.
3 years 1 month ago
TJX Cos., which runs T.J. Maxx and Marshalls, is seeing big gains in discretionary purchases as cash-strapped consumers look for a deal amid high inflation.
3 years 1 month ago
Target cut its full-year forecast even as recession fears fade, as the retailer cited factors like still high prices and the restart of student loan payments.
3 years 1 month ago
Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.
3 years 1 month ago
Hong Kong Exchanges and Clearing reported a 31% year-on-year rise in net profit for the first six months of the year.
3 years 1 month ago
Cava net sales soared 62% to $172.9 million, fueled by new restaurant openings.
3 years 1 month ago
Home Depot beat earnings estimates but reiterated its full-year guidance, saying consumers are still wary of big-ticket purchases.
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