Breaking News: Earnings

General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid 'headwinds'

General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’

DETROIT – General Motors easily beat Wall Street’s earnings expectations during the third quarter, while slightly missing on revenue. Here’s how GM performed, compared with analysts’ estimates as compiled by Refinitiv: Adjusted earnings per share: $2.25 vs. $1.88 Revenue: $41.89 billion vs. $42.22 billion The big beat and narrow miss on the top line has …

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Walgreens beats sales expectations, as it expands its health-care business

Walgreens beats sales expectations, as it expands its health-care business

Walgreens Boots Alliance on Thursday exceeded fiscal fourth quarter sales and earnings expectations, as the drugstore chain turns itself into a more health-care focused company. The company said it anticipates full-year adjusted earnings per share of $4.45 to $4.65 in the coming fiscal year, which is about in line with what Wall Street expected. Yet …

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GameStop reports wider loss, announces partnership with crypto exchange FTX

GameStop reports wider loss, announces partnership with crypto exchange FTX

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales declined and …

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Best Buy's quarterly sales drop, as inflation-weary consumers pull back on spending

Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending

Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the second fiscal quarter, as the retailer felt a pullback from inflation-weary shoppers. The company reaffirmed its full-year guidance. The company had cut its forecast in …

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Here's how Peloton CEO Barry McCarthy's turnaround plan is going

Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going

Barry McCarthy speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will be a comeback …

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Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined …

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Zoom pares back annual forecast as revenue growth slows to single digits

Zoom pares back annual forecast as revenue growth slows to single digits

Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks 2019 Conference at the Moscone Center in San Francisco, California, US, on Thursday, Oct. 3, 2019. Michael Short | Bloomberg Zoom Video Communications shares fell as much as 8% in extended trading on Monday after the video-calling software maker …

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Target's earnings take a huge hit as the retailer sells off unwanted inventory

Target’s earnings take a huge hit as the retailer sells off unwanted inventory

A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Wednesday said its quarterly …

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Coinbase shares drop on billion-dollar loss in second quarter and revenue miss

Coinbase shares drop on billion-dollar loss in second quarter and revenue miss

Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ estimates for revenue. Here’s how the company did: Earnings: Loss of $4.98 per share, vs. loss of $2.65 per share as expected by analysts, according to Refinitiv. Revenue: $808.3 …

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