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American shares drop 7% on weak profit forecast after backfired sales plan, industry oversupply
The carrier’s profit fell 46% during the second quarter even though revenues rose.
The investment thesis for Broadcom is intact: AI revenues are strong, non-AI semi sales are bottoming and the VMWare integration...
Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI...
The Swedish automaker is trimming its earnings margin goal for 2026 due to "increased complexity especially in relation to global...
Dollar stores, in particular, have felt pinched as their core customer make tradeoffs after a prolonged period of pricier food...
Theft at Dick's Sporting Goods had previously impacted its profits but the company now appears to be past those issues.
Philip Belamant, Zilch's CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like...