Microsoft lowers fourth-quarter guidance, citing unfavorable foreign exchange rates
In an investor slide deck, Microsoft said it lowered its revenue guidance as a result of unfavorable foreign exchange rate movement.
GameStop reports $158 million loss and decline in hardware sales
GameStop reported its first-quarter 2022 earnings after the bell on Wednesday.
Salesforce stock jumps as it raises profit forecast, CFO says company will be more ‘measured’ in hiring
Salesforce now sees a stronger full fiscal year of profitability even as it expects to turn in less revenue than it had previously expected.
Victoria’s Secret reports better-than-expected profit but warns challenges could persist
Victoria's Secret reported a quarterly profit that topped Wall Street expectations, but warned that the retail environment will continue to be challenging.
Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record
Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.
3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring
Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices.
Gap shares tumble nearly 20% after retailer slashes profit guidance for the year
The lower-income consumer, which is Old Navy's target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.
Nvidia stock falls on light guidance, CFO says company will slow hiring
The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.