Earnings

Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose more than 7% after-hours Tuesday after the company beat analysts’ expectations for its fiscal third quarter of its 2019 earnings. Here are the key numbers: Earnings: $1.05 per share, excluding certain items, vs. 79 cents per share as

Frederick Smith, CEO of FedEx. Adam Jeffery | CNBC FedEx CEO and Chairman Frederick Smith said on Tuesday the company’s lawsuit against the Department of Commerce is “separate and distinct” from recent shipping incidents involving Chinese technology company Huawei. The shipping company sued the Department of Commerce on Monday, saying that regulations requiring companies to

General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $32.2 billion, fell by more than 5% during premarket trading. Net sales for

The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit. As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according

Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder’s sales got a boost from lower interest rates for mortgages, sending its shares up 4% before the opening bell. Several years of rising rates had put a brake on parts of the U.S. housing market in 2018. But a moderation in

An Olive Garden restaurant in Laguna Hills, California Scott Mlyn | CNBC Shares of Darden Restaurants slid nearly 4% in Thursday morning after its earnings report showed that declining traffic to Olive Garden, its top chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter. The restaurant company’s stock, which has a market value of

The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Carnival cut its profit forecast for the year on Thursday due to the Trump administration’s sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships. Shares

Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose more than 3% after hours on Tuesday after the company announced better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended on May 31, and lighter-than-expected guidance. Here are the key numbers: Earnings: $1.83 per share, excluding certain items, vs. $1.78

Operations at U.S. Steel Source: United States Steel Corporation United States Steel on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United

Adobe’s upcoming earnings report could be a moment for traders to cash in. The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday. “That’s in line with the average over the last

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom led a plunge in chip stocks Friday after the chipmaker missed revenue expectations and lowered guidance for 2019 citing a “broad-based” slowdown in demand and the U.S. crackdown on Huawei. Broadcom shares lost more than 9% in premarket trading Friday. Skyworks, Xilinx, Micron, Advanced Micro

Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Shares of chipmaker Broadcom fell more than 8% on Thursday after the company reported lower-than-expected revenue for the second quarter of its 2019 fiscal year, which ended on May 5, and cut its revenue guidance. Here are the key numbers

The men’s assormtment on the inside of a Lululemon store. Source: Lululemon Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 3% in after-hours trading.  Here’s what the retailer reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share:

Gary Friedman, CEO, Restoration Hardware  Scott Mlyn | CNBC Shares of RH, formerly known as Restoration Hardware, soared 23% in premarket trading Thursday after the company crushed earnings expectations and raised its full-year outlook as the brand’s turnaround begins to pay off. The furnishing retailer attributed its performance to its strategy of transforming into a

Beyond Meat topped analysts’ expectations in its first quarterly report since going public, and predicted that its revenue will more than double in 2019 as demand from existing and new customers continues to grow. Shares of the company soared as high as 23% in after-hours trading. “We’re being very conservative and viewing this as a

Zoom founder Eric Yuan reacts at the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Zoom rose as much as 12% on Thursday after the videoconferencing company reported better-than-expected financials and provided an optimistic forecast in its first earnings announcement since going public in April. Here

The Norwegian SKY cruise ship docked the last day in Havana on June 4, 2019. Cruise ships will no longer operate to Cuba. Trump administration banned cruises, private yachts and fishing vessels from visiting Cuba,(Photo by Eliana Aponte/VIEWpress/Corbis via Getty Images) Eliana Aponte | VIEW press | Getty Images Norwegian Cruise Line Holdings said on

Katrina Lake Heidi Petty | CNBC Shares of Stitch Fix soared 21% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019. Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:

Packages Dunkin’ Donuts and Folgers coffee are displayed on a shelf at a grocery store in San Rafael, California. Getty Images Packaged food maker J.M. Smucker forecast full-year profit above estimates and beat Wall Street expectations for quarterly earnings, boosted by demand for its coffee and pet foods, including brands Meow Mix and Nature’s Recipe.

Customers browse collectible video game merchandise for sale at a GameStop Corp. store in West Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images GameStop shares tumbled nearly 14% in after-hours trading Tuesday after the retailer announced it would eliminate its dividend as video game sales continue to decline and put pressure on its