Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The company’s stock was down more than 17% in morning trading. Shares initially fell as much as

Barry Diller, chairman of Expedia and digital media group IAC, told CNBC on Friday his companies will no longer provide long-term earnings forecasts.  “Guidance is a bad business. We’re out. We’re not doing it anymore,” the billionaire businessman told “Squawk Box.” Diller said the amount of time companies spend to develop guidance is “wasteful” and that employees’ time

The Slack Technologies Inc. logo is seen behind the “Fearless Girl” statue outside the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Slack shares fell as much as 17% in extended trading on Thursday after the company reported first quarter earnings. Slack reported

Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during

Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led

Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the

Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis.  The retailer

A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. Eric Baradat | AFP | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant Brands International said Thursday that Popeyes’ U.S. same-store sales soared more

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and people purchasing less apparel as they holed up at home.  The Hollister owner’s

Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work

Papa John’s said Wednesday that May estimated same-store sales shot up 33.5% in North America and 7% globally as the pizza chain worked to meet soaring demand during the coronavirus crisis. “In May, for the second straight month, Papa John’s team members and franchisees delivered the best sales period in the company’s history,” CEO Rob Lynch

An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter. As the broader fast-food industry has seen many of its customers return, Domino’s has

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first-quarter earnings after the bell on Wednesday. The stock fell over 1% in after-hours trading

David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter, as

Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1

Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Expedia reported its first quarter earnings after the bell on Wednesday, continuing to show the financial devastation the coronavirus is having on the travel industry.   Executives said during the company’s earnings call that Expedia was seeing

Target‘s digital sales fueled first-quarter gains, but the big-box retailer’s earnings results Wednesday showed it paid a hefty price for that growth as labor costs rose and sales of higher-margin items like apparel dropped. The company’s shares ended the day at $119.63, down nearly 3%. Target stores have remained open across the country during the

With the coronavirus shutdown keeping so many at home, people are playing a lot of video games these days. That captive audience has been a huge boost for Take-Two Interactive, which closed at an all-time high on Tuesday and is trading even higher ahead of Wednesday afternoon’s earnings report.  The publisher of leading sports franchises such

Lowe’s reported same-store sales growth of more than 11% for the first quarter as Americans stayed home and invested in spring-time home improvement projects, but investor excitement fizzled as the company warned sales could “moderate” later in the year. The company benefited in the quarter from the home improvement industry’s busiest time of the year, spring,

Customers wait in line at Xiaomi’s flagship store in Mong Kok, Hong Kong. Miguel Candela | SOPA Images | LightRocket | Getty Images Xiaomi reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates, as the Chinese smartphone maker sold more phones and benefited from sales of its higher-priced 5G models. The company managed

CNBC’s Jim Cramer said Tuesday that large retailers in the U.S. such as Walmart benefited from the coronavirus-related restrictions on businesses, contending this week’s earnings reports will reflect the top-heavy nature of the economy.  “It looks like the big guys won. You have them basically cordoned off as essential services. So many other companies, little companies, medium,

People wearing masks and gloves wait to enter a Walmart on April 17, 2020 in Uniondale, New York. Al Bello | Getty Images Walmart said Tuesday that e-commerce and store sales grew significantly in the first quarter as customers turned to the retailer for items from groceries to bicycles during the coronavirus pandemic. The company’s shares

Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis.  “While we have a fast-growing digital business, it has

Home Depot shares fell nearly 2% in Tuesday’s premarket after the company reported that first-quarter profits were weighed down by costs related to the coronavirus pandemic. It said sales rose sharply. For the first quarter that ended May 3, Home Depot reported that net income fell 10.7% to $2.25 billion, or $2.08 per share, compared

An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns, sending its U.S.-listed

Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Chip gear maker Applied Materials said it expects supply chain to gain strength in the second half of the year and help it recoup sales lost due to the Covid-19 disruption, sending its shares

John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike is finally beginning to reopen stores in the U.S., but the company said Thursday it expects the coronavirus pandemic will still have a material impact on its business in North America, parts of Europe and Asia during its

Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% and later lost some of their gains in extended  trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings. Revenue dropped 8% from last year’s quarter, steeper than

A view of atmosphere at the launch of SmileDirectClub’s Smile Kit at Macy’s Roosevelt Field Mall on June 30, 2018 in Garden City, New York. Gary Gershoff | Getty Images SmileDirectClub posted a bigger-than-expected quarterly loss on Wednesday and said it expects to operate with a smaller shop footprint going forward, with the company focusing

A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with