Lowe’s sales decline as cool spring weather weighs on demand for outdoor products
The home improvement retailer's profit topped Wall Street estimates for the quarter, even as sales missed the mark.
The home improvement retailer's profit topped Wall Street estimates for the quarter, even as sales missed the mark.
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.
JD.com said revenue for the first quarter of 2022 totaled 239.7 billion Chinese yuan ($37.8 billion) vs. 236.6 billion yuan expected, a 18% year-on-year rise.
Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company's strongest first-quarter sales on record.
The discounter said the significant jump in fuel prices, higher labor costs and aggressive inventory levels weighed on the company's profits.
Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but its shares fell after hours.
Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it's still on track to build 25,000 vehicles this year.
Beyond Meat reported a wider-than-expected loss for its first quarter as it offered steeper discounts and cheaper prices to international consumers.