Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation
China's Covid lockdowns have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals.
Cisco stock plunges as company forecasts surprising revenue decline
Cisco has gone from growth to flat revenue, and now it's calling for a decline as it sees costs mounting from the war between Russia...
Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures.
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.
Target shares sink 25% after company says high costs, inventory woes hit profits
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.
Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Southeast Asian tech giant Sea's shares rebounded, but its e-commerce site could slow due to macro uncertainties.
Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record; shares pop 8%
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 raises full-year outlook after earnings beat, record first-quarter sales
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.
Walmart reports big earnings miss as higher costs, supply chain eat into profits
The discounter said the significant jump in fuel prices, higher labor costs and aggressive inventory levels weighed on the company's profits.