Costco quarterly revenue misses estimates on weak e-commerce growth
Costco Wholesale reported lower-than-expected quarterly revenue on Thursday, hit by a slowdown in the number of customers shopping on the warehouse club operator's website. U.S. grocers have become increasingly dependent on their online businesses to drive sales growth as consumers demand the …
Adobe beats revenue, profit estimates for fourth quarter, shares rise
The Adobe Systems Creative Cloud application is displayed on an Apple iPhone in an arranged photograph taken in Tiskilwa, Illinois.Daniel Acker | Bloomberg | Getty Images Adobe beat Wall Street estimates for fourth-quarter revenue and profit on Thursday on higher subscriptions in …
Broadcom’s full-year forecast fails to impress Wall Street, shares down
Broadcom's fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade. The 17-month long trade war between the …
Oracle stock drops as revenue falls short
Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018.Justin Sullivan | Getty Images Oracle shares moved 3% lower in extended trading on Thursday after the company reported …
Delta shares jump after the airline raises its 2020 earnings guidance
VIDEO5:0305:03Delta Air Lines CEO Ed Bastian on raising 2020 earnings guidanceSquawk Box Delta Air Lines CEO Ed Bastian told CNBC on Thursday he expects the consumer to remain strong in the new year, and that's why the carrier is raising its earnings …
Lululemon earnings beat estimates, but shares fall on weaker-than-expected outlook
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Wednesday reported quarterly earnings and sales that topped analysts' estimates, as more shoppers around the world picked up its yoga …
Lowe’s shares jump after earnings top estimates despite revenue shortfall and 2019 forecast is boosted
VIDEO2:5102:51Lowe's earnings: $1.41 per share vs $1.35 expectedSquawk Box Lowe's on Wednesday reported quarterly earnings that beat analysts' expectations and raised its forecast for the year, even as revenue fell short of projections. Shares rose more than 5%, hitting a new 52-week …
Target shares surge after company crushes earnings and raises forecast
VIDEO12:2912:29Watch CNBC's full interview with Target CEO Brian Cornell on Q3 earningsSquawk Box Target earnings and sales trounced analysts' estimates, marking a bright spot in retail after weak reports from department store chains J.C. Penney and Kohl's. The big-box retailer also raised …
Shares of Victoria’s Secret parent L Brands jump on fourth-quarter forecast, in-line profits
A customer carries a shopping bag while exiting a Victoria's Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018.Bloomberg | Getty Images L Brands posted mixed third-quarter results Wednesday as declining sales …
Macy’s shares fall on sales miss, retailer slashes outlook
VIDEO1:2201:22Macy's reports first negative comp sales in two yearsSquawk Box Macy's on Thursday reported its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls. Because of the poor results, the department store …
Gap shares rise on earnings, sales beat; retailer says making ‘progress’ on split
VIDEO1:0101:01Shares of Gap jump after beating Q3 earningsClosing Bell Gap Inc. on Thursday reported quarterly earnings and sales that topped analysts' lowered expectations, after the company warned earlier this month that it was anticipating dismal results. Its once-strong Old Navy brand struggled …