Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins.
Costco tops quarterly earnings expectations, even as sales remain soft
Costco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.
Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.
Oracle comes up short on revenue but touts AI cloud contracts
Larry Ellison pointed to a doubling in the amount of money that artificial intelligence development companies have agreed to spend on Oracle cloud services
Lululemon ups guidance after ‘strong’ growth in China boosts quarterly sales
Lululemon raised its full year guidance and saw its sales and profit rise 18% during its most recent quarter, fueled by a 61% boost in...
Polestar second-quarter loss widens as it ramps up EV deliveries
Polestar is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.
Salesforce shares pop on earnings beat and optimistic forecast
Salesforce saw gains in all five product categories, and CEO Marc Benioff sees more growth from artificial intelligence capabilities
Buy now, pay later firm Klarna cuts losses in first half but falls short of profit
Swedish buy now, pay later firm Klarna reduced losses by roughly 67% in the first half of 2023, as it cut costs dramatically in a...
UBS shares jump to 2008 highs after profit beat, job cuts announcement
UBS on Thursday posted a second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland's largest bank completed its takeover of stricken rival...