Earnings

TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
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Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares fell as much as 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance. Here’s how the company did: Earnings:
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Shares of FedEx fell more than 9% during after-hours trading on Tuesday after the company missed quarterly earnings estimates and lowered its 2020 guidance. Here’s how the company did for its fiscal first quarter, ended Aug. 31, compared with Wall Street expectations: Adjusted EPS: $3.05 per share vs. $3.15 per share, according to Refinitiv Revenue:
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Oracle said Mark Hurd, one of the software vendor’s two CEOs, is taking a leave of absence for health reasons, nine years after joining the company from Hewlett-Packard. The stock dropped in extended trading after the announcement. Larry Ellison, Oracle’s founder and chief technology officer, will handle Hurd’s responsibilities along with Safra Catz, the other
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Customers outside a Game Stop store. Guido Krzikowski | Bloomberg | Getty Images Shares of GameStop fell more than 15% in extended trading Tuesday after the company reported second quarter earnings and sales that missed analysts’ expectations while significantly lowering its same-store sales forecast. The company has been struggling to grow sales as consumers increasingly
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DocuSign CEO Dan Springer. Source: DocuSign Shares of enterprise cloud company DocuSign shot up 21.7% Friday after the company reported better-than-expected revenue and strong guidance. The rally added about $1.7 billion to the company’s market cap, bringing it to $9.8 billion. For its second quarter of 2020, DocuSign reported $236 million in revenue, well above
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Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their high valuations. Zoom Video Communications dropped 2% in extended trade, even after the videoconferencing provider’s quarterly results and full-year outlook beat analysts’ expectations. Cybersecurity company Crowdstrike tumbled 8.7% after it
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A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon on Thursday reported second quarter earnings that topped analysts’ expectations, sending the athletic apparel retailer’s shares up as much as 5% in after-hours trading. The company also hiked its full-year outlook. CEO Calvin McDonald said in a statement he sees “significant runway”
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Stewart Butterfield, chief executive officer of Slack Technologies Inc., right, with Allen Shim, chief financial officer of Slack Technologies, Inc., on the floor of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, U.S., on Thursday, June 20, 2019. Michael Nagle | Bloomberg | Getty Images Shares of
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Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
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The Abercrombie & Fitch store at South Park mall in Charlotte, North Carolina. Chris Keane | Reuters Abercrombie & Fitch cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, as the apparel maker grapples with the impact of increased U.S. tariffs on Chinese goods. Shares of the New
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Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Coty reported a wider quarterly loss, hurt by a $3 billion writedown in value of its consumer beauty brands, a part of the cosmetics maker’s restructuring plan to turn around the business. The
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Autodesk president and CEO Andrew Anagnost in June 2017. CNBC Autodesk shares plunged more than 11% in extended trading on Tuesday after the software company said that the trade war could hurt its financials in the second half of the fiscal year. “While we continue to execute well and are not materially impacted by current
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Hewlett Packard Enterprise shares rose as much as 8% on Tuesday after the company said it was raising its full-year earnings guidance. Here are the key numbers: Earnings: 45 per share, excluding certain items, vs. 40 cents per share as expected by analysts, according to Refinitiv. Revenue: $7.22 billion, vs. $7.26 billion as expected by
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Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Lingerie maker Victoria’s Secret dragged on parent company L Brands‘s second-quarter earnings, which topped analysts’ expectations on
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Nordstrom‘s stock soared after the company released a mixed earnings report that showed weakening sales, but handily beat Wall Street profit estimates. Its stock rose about 5% in extended trading, after initially jumping more than 21%. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Adjusted earnings
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Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes. Slowing economic growth and recent stock market volatility, triggered by an escalating U.S.-China trade war, have made some Chinese buyers more cautious about investing in the U.S. property market, potentially
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Signage is displayed outside of the Cardinal Health Inc. headquarters in Dublin, Ohio. Ty Wright | Bloomberg | Getty Images Drug distributor Cardinal Health warned on Tuesday that its business could be hurt as it defends itself against several opioid-related lawsuits. Several pharmaceutical wholesale distributors, including Cardinal, have been named as defendants in about 2,500
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Target‘s second-quarter earnings report Wednesday beat every estimate forecast by Wall Street, sending its shares to a record high. The retailer’s quarterly profit jumped by 17% as its in-store pickup and same-day shipping services successfully drew more customers. It also raised its outlook for the rest of the year. Sales at the company’s stores that
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Lowe’s shares surged Wednesday after the home improvement retailer’s second-quarter earnings report beat Wall Street forecasts and topped rival Home Depot on same-store sales growth in the U.S. The report — which exceeded analyst estimates on earnings, revenue and same-store sales — showed that changes made by CEO Marvin Ellison have started to take root
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Home Depot on Tuesday reported sales that missed analysts’ expectations, and it lowered its sales outlook for the year amid fears that the trade war will slow consumer spending. “Today we are updating our sales guidance to account primarily for continued lumber price deflation, as well as potential impacts to the U.S. consumer arising from
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