CNBC Earnings

Citigroup shares were under pressure Friday after the banking giant reported a steep profit drop for the fourth quarter.

The bank's CFO issued guidance Friday, saying he expected "headwinds" of higher expenses and moderating Wall Street revenue to cause returns to dip.

The fourth biggest U.S. bank by assets posted quarterly revenue that exceeded analysts' expectations.

Delta expects travel to recover this spring after cases of the omicron variant peak.

"It's hard to process what's actually happening right now, which is most people are going to get Covid," acting FDA Commissioner Janet Woodcock said.

TSMC, which makes chips for companies like Apple, reported a sixth straight quarter of record sales as demand for its products rose amid a supply crunch.

Walgreens said it administered 15.6 million Covid vaccines in the latest quarter — bringing its total to more than 56 million to date.

Bed Bath & Beyond CEO Mark Tritton said a lack of inventory due to supply chain bottlenecks cost the retailer about $100 million.

Nike CEO John Donahoe said the retailer is in a "much stronger competitive position" than it was pre-pandemic.

Olive Garden parent Darden Restaurants announced that CEO Gene Lee will retire May 29.

Adobe's guidance for its fiscal first quarter badly missed analysts' estimates, sending the stock down more than 10%.

During an analyst meeting, Lowe's Chief Financial Officer Dave Denton said the retailer is preparing for a "modest sector pullback in 2022."

Oracle's results were clouded by a payment tied to the employment of Mark Hurd, previously co-CEO of the database software maker with current CEO Safra Catz.

Lululemon's stock gave up gains Thursday after the company slashed its sales expectations for Mirror, the at-home fitness device it acquired last year.

Rent the Runway booked a wider fiscal third-quarter loss compared with 2020, as its sales shot up 66% year over year.

GameStop shares fell after the video game retailer reported that its losses widened in the fiscal third quarter.

Stitch Fix cut its revenue outlook for the fiscal year, saying that it faces ongoing supply chain pressures and is in a transition period for bringing on users.

While MongoDB continues to spend heavily in a competitive market, it's raising expectations for the quarter ahead.

DocuSign lost more than a quarter of its value after hours on Thursday following a disappointing forecast for the end of the year.

Amid ongoing global supply chain issues, Signet CEO Virginia Drosos said the retailer secured its holiday merchandise early this year.