FedEx shares jump after hours as massive cost-cutting measures kick in
FedEx shares jumped 15% after hours as the company begins to bear the fruits of its $4 billion cost-cutting plan.
The retailer's fourth-quarter results were mixed, but we have more conviction in Costco's appeal to shoppers.
Shares of H&M tumbled 7% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit.
Olive Garden parent Darden Restaurants reported weaker-than-expected earnings and revenue for its fiscal first quarter.
Our companies' performances were reflective of the S&P 500 firms in aggregate.
Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings.
Oracle is projecting higher revenue and capital expenditures as its cloud-computing arm grows.