In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citigroup said Friday that its third-quarter earnings fell 25% as it bulked up its credit loss provisions and investment banking slumped. However, Citi shares ticked up 0.65% as revenue climbed more than analysts expected, helped by rising interest rates, and earnings per share topped Wall
Earnings
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo on Friday reported lower quarterly earnings than a year ago as a decision to build up reserves cut into
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines expects to post another profit in the last quarter
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo hiked its forecast for the year Wednesday morning after reporting third-quarter earnings and revenue that beat analyst expectations. Shares were up about 2% in pre-market trading.
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
Lego Star Wars toys sit on display inside a Toys “R” Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Bloomberg | Getty Images Lego sales are building on pandemic-era growth, boosted by popular sets from Lego Star Wars and Lego Harry Potter. On Wednesday, the privately held Danish toymaker said
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but stood by its outlook for fiscal 2023, predicting inflation will cool in coming quarters. The parent company of Olive Garden and LongHorn Steakhouse
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx closed slightly higher after the earnings announcement, which was unintentionally released before
In this article FDX FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the release. “While this performance is
In this article ORCL Oracle reported revenue that met expectations on Monday, while earnings and quarterly guidance came in below analysts’ estimates. Revenue climbed 18% in the quarter from a year earlier, thanks to a contribution from recently acquired software maker Cerner. Here’s how the company did: Earnings: $1.03 per share, adjusted, vs. $1.07 per
In this article NIO Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio had a loss of $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago