Best Buy shares surge after retailer sticks with its holiday-quarter outlook

In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented…

Zoom shares drop on light forecast as company faces ‘heightened deal scrutiny’

In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, CEO, Zoom Video Communications Source: CNBC Zoom shares slumped more than 7% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here’s how the company did: Earnings: $1.07 per share, adjusted, vs. 84 cents…

Gap beats on third-quarter revenue, but tempers expectations for holiday season

In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer…

Target warns of soft holiday quarter as profit tumbles and sales slow

In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Target‘s profit fell by around 50% in its fiscal third quarter as it cleared through unwanted inventory and sales slowed heading into the holidays, prompting the company to lower its expectations for retailers’ most important time of year. The company also said Wednesday it plans…

Lowe’s says it’s not seeing negative impact of inflation as sales, profit top expectations

In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations. The company also upped its guidance for its full-year earnings. Shares of Lowe’s rose 3% Wednesday. related investing news TJX hits an all-time high as reason…

Grab pares losses by 24% in third quarter; deliveries segment breaks even earlier than expected

In this article GRAB Follow your favorite stocksCREATE FREE ACCOUNT Singapore technology ride-sharing and food delivery service company Grab logo is displayed on a smartphone screen. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Singapore-based ride-hailing and food delivery giant Grab narrowed losses and broke even in its deliveries segment for the first…

Nvidia revenue falls 17% but data center growth remains strong

In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light. Nvidia stock rose 1% in extended trading. related investing news Nvidia’s results suggest its gaming business is close to a…

Cisco shares pop on earnings beat and increased 2023 forecast

In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted…

Home Depot posts better-than-expected quarter despite inflation

In this article HD Follow your favorite stocksCREATE FREE ACCOUNT A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reported Tuesday its third-quarter revenue increased nearly 6% to $38.9 billion,…

Walmart raises outlook as groceries boost sales, inventory glut recedes

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart said Tuesday that sales rose by nearly 9% in the fiscal third…

Swedish EV maker Polestar reports lower operating loss, confirms full-year guidance

In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish electric-vehicle maker Polestar said Friday that its third-quarter operating loss narrowed from a year ago as revenue more than doubled, and it confirmed that it still expects to deliver 50,000 vehicles in 2022. But the company warned that higher costs…

Novavax posts third quarter loss but beats revenue expectations

In this article NVAX Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax posted an unexpected loss on Thursday but beat Wall Street’s…