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A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a JPMorgan industry conference,…
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose. Shares ticked down over 1% in extended trading on Thursday evening. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based on a survey…
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in the fiscal fourth quarter in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million…
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 24% after the database software maker shared weak guidance that signaled a slowdown in growth. Shares headed for their worst day since September 2022. For fiscal 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per…
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images Target will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of discretionary merchandise, which has long been the retailer’s primary money maker. …
“The reason why we think that was happening is because of the unprecedented wealth that was generated post COVID, especially by the retail investors,” says Jigar Mistry, Buoyant Capital.The screen across is definitely red and we can debate about the factors that are in play for the Indian benchmark indices, maybe it is valuations, maybe…
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty Images Nvidia shares whipsawed Friday, briefly pushing the tech giant back into the $3 trillion club with Apple. Shares of the…
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total of 116.9 million subscribers. Fourth-quarter revenue for the streaming segment,…
A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales slump should end in the year ahead. The home improvement retailer said it expects full-year total sales to range from $83.5 billion to $84.5 billion,…
Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions step by step. “The amount of computation necessary to do that reasoning process is 100 times more than what we used to do,” Huang…
