Lululemon jumps after it boosts outlook and posts strong earnings beat
Lululemon reported second quarter earnings after the bell on Thursday.
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.
Russia’s Gazprom rallies by over 20% after bumper profit and dividend announcement
Russian gas giant Gazprom posted a record first-half profit on Tuesday and promised new dividends to shareholders.
Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending
Best Buy also reaffirmed its guidance for the fiscal year, saying it expects softer demand for consumer electronics.
Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy's on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel.
Zoom pares back annual forecast as revenue growth slows to single digits
Zoom's finance chief, Kelly Steckelberg, said revenue would have grown faster if it weren't for the strong U.S. dollar and online business performance.
Peloton shares plummet after company reports a big loss and declining revenue
Peloton has pursued sweeping changes, including price hikes and a shift to emphasizing subscriptions, that have yet to fully pay off.
Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter
Gap withdrew its financial outlook for the year after its second-quarter sales fell from a year ago and it works to fix its struggling business.
Nvidia says gaming market conditions are ‘challenging,’ Q3 forecast misses
Nvidia's success in the past two years has been largely attributed to the quality of its latest generation of graphics cards.