Luke Sharrett | Bloomberg | Getty Images Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky. Shares of General Mills jumped 3.5 percent Wednesday after the food company’s earnings report showed that cost-cutting initiatives and price hikes have paid off for its profits. “We had a

Chesnot | Getty Images The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent.  Tencent Music has been profitable at an operating level for the last two

Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta shares were up nearly 4 percent in premarket trading early Friday. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according

Luke Sharrett | Bloomberg | Getty Images A Dollar General store in Scottsville, Kentucky. Dollar General forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent. Dollar General has spent the last year remodeling stores, adding

General Electric told shareholders on Thursday the embattled conglomerate expects 2019 earnings to be below what analysts anticipated as it continues to be plagued by problems in its power business. GE expects 2019 adjusted earnings between 50 cents and 60 cents a share, below the 70 cents a share Wall Street expected in a Refintiv

Michael Nagle | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Cloudera plummeted as much as 15 percent in extended trading on Wednesday after the developer of software for managing

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. Shares were up more than 18 percent in extended trading, exceeding $120 per share. Here’s how the company did compared with Wall Street estimates: Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus

Goldman Sachs told clients to stay away from Tesla shares, predicting significant downside in the wake of weaker-than-expected demand for its electric vehicles and rushed decisions by management. “We maintain our sell rating, and now expect 1Q19 deliveries/earnings to disappoint,” analyst David Tamberrino said in a note to clients Wednesday. Tamberrino’s 12-month price target is

ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest. ADT’s shares fell more than 10 percent in after-hours trading. Security products such as Google Nest, SimpliSafe and Frontpoint can be self-installed, have a lower monthly fee

Shares of Stitch Fix are soaring more than 30 percent Tuesday, on pace for its best day ever, after the personal styling company reported better-than-expected second-quarter earnings after the bell Monday. “We had 6 percent higher net revenue per client than we did a year ago,” Stitch Fix founder and CEO Katrina Lake told CNBC’s

Brendan McDermid | Reuters Eventbrite CEO Julia Hartz speaks during an interview with CNBC following the company’s IPO at the New York Stock Exchange (NYSE), September 20, 2018.  Eventbrite shed a third of its value Friday after revealing operational challenges around its Ticketfly acquisition. The stock traded below its IPO price of $23 for the

Scott McIntyre | Bloomberg | Getty Images Customers push shopping carts while entering a Costco Wholesale store in Miami, Florida. But Chief Financial Officer Richard Galanti played down expectations of easing competition in the grocery space. “I believe there is little less pricing pressure… But don’t get me wrong. As soon as we have a

Caporella apologized for the company’s poor performance, assuring investors it wasn’t due to “mismanagement nor woeful acts of God.” Instead, he said the falloff in sales and profit were caused by “injustice.” “Managing a brand is not so different from caring for someone who becomes handicapped,” Caporella said. “Brands do not see or hear, so

Brendan McDermid | Reuters Eventbrite CEO Julia Hartz speaks during an interview with CNBC following the company’s IPO at the New York Stock Exchange (NYSE), September 20, 2018.  Eventbrite shares plummeted after the company issued first-quarter revenue outlook well below Wall Street projections. The company said it sees first-quarter revenue between $80 million and $84

Shares of Barnes & Noble slid more than 16 percent Thursday after the company reported flat sales during the crucial holiday season and warned investors that its full-year earnings will be weaker than previously estimated. Barnes & Noble lowered its earnings guidance for the rest of fiscal 2019, saying it expects fiscal earnings before taxes

Investors did not like what Kroger had to say Thursday when it released weaker-than-expected fiscal fourth-quarter earnings that showed a drop in profit as the company struggles to compete against retail giants Walmart and Amazon. The grocer’s shares fell 12 percent — erasing about $2.8 billion in market value — after the company missed Wall

American Eagle said it was expecting “huge year” for its jeans business as it introduces new styles and take advantage of the woes of some its rivals. “Gap’s recent announcement of closing over 200 stores … I’m excited by that, that’s a huge opportunity for us to continue to capture market share,” Madore said on

The oil major expects its annual cash flow from operations — a key measure of financial health in the oil industry — to hit $60 billion by 2025. Exxon upped its overall cash flow forecast by $24 billion from last year, with about $15 billion of the increase coming from anticipated sales of the company’s

Urban Outfitters said on Tuesday that the year had started off weaker than expected, placing the blame on colder weather and “costly mistakes” in the spring fashion lines of its various brands. The owner of Anthropologie and Free People also forecast a possible drop in same-store sales in the current quarter, sending its shares down

Kohl’s shares jumped 5 percent Tuesday after the company reported better-than-expected earnings and sales during the crucial holiday shopping season. Sales at stores open for at least 12 months were also surprisingly improved, rising 1 percent during the fiscal fourth quarter ended Feb. 2 from the previous year. Analysts expected a 0.3 percent increase in

Target delivered better-than-expected earnings during the critical holiday sales period as the retailer’s in-house brands and easy delivery options drew its strongest traffic and same-store sales growth in more than a decade. The company’s adjusted earnings per share hit a record and its digital sales surged more than 25 percent for the fifth year in

Adam Galica | CNBC Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Salesforce stock fell as much as 4 percent in extended trading on Monday after the cloud software company delivered weaker-than-expected earnings and revenue guidance. Here are the key numbers for the fourth quarter: Earnings: 70

Patrick T. Fallon | Bloomberg | Getty Images An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles. Foot Locker shares soared on Friday after the shoe company crushed Wall Street’s profit projections and reported same-store sales growth that more

Client Solutions Group segment revenue rose 4 percent to $10.9 billion. The unit holds its desktop PCs, notebooks and tablets, as well as branded peripherals business. Excluding some items, Dell expects full-year 2020 revenue between $93 billion and $96 billion, mostly above analysts’ estimate of $94.11 billion, according to IBES data from Refinitiv. Its expectations

The hotel operator’s worldwide RevPAR growth of 1.3 percent in the fourth quarter missed analysts’ expectations of 2.04 percent. RevPAR is calculated by multiplying a hotel’s average daily room rate by its occupancy rate. The world’s largest hotel chain lowered its full-year worldwide revPAR forecast between 1 percent and 3 percent, from a previously announced

To ward off attempts by online retailers to capture its high-end shoppers, the Seattle-based retailer has invested in its website, apps and a loyalty program, while also building out its Nordstrom Rack stores that sell off-price merchandise in the United States and Canada. Those stores compete with the likes of Macy’s’ Backstage stores and TJX’s

Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.

HP CEO Dion Weisler told analysts that, “as the macro uncertainty has increased we have seen further price sensitivity among customers pressuring both our share and our supplies pricing.” Booking CEO Glen Fogel cited a slowdown in Europe, where the online travel company does the majority of its business. Germany, in particular, is being hurt

J.C. Penney on Thursday reported earnings and sales for the holiday quarter that topped analysts’ lowered expectations, as the company said it was successful in reducing a glut of unsold inventory in 2018. But revenue was down sharply, and the company declined to provide a forecast for 2019 as it works to improve its financial

Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,