An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty Images In a recent announcement, Lowe’s revealed that its full-year sales outlook has been reduced, citing decreased spending by customers on do-it-yourself projects. Its fiscal third-quarter sales plunged almost …
Cisco reported quarterly results that exceeded estimates, but its guidance was subpar. The company attributed the decline in product orders to clients being preoccupied with implementing Cisco offerings from previous quarters. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | …
A Home Depot store in Livermore, California, US, on Thursday, May 12, 2022. Home Depot Inc. is scheduled to release earnings figures on May 17. Photographer: David Paul Morris | Bloomberg | Getty Images Home Depot’s quarterly sales have dropped by 3% compared to the previous year, however, they exceeded Wall Street’s expectations due to …
Satya Nadella, CEO of Microsoft, arrives to federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft shares surged by 6% in after-hours trading on Tuesday following the release of the company’s fiscal first-quarter results and revenue guidance, which exceeded expectations. Additionally, Microsoft reported a significant increase in …
Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix is set to release its third-quarter earnings after the market closes on Wednesday. The streaming giant is currently in the process of transitioning from a focus on subscriber growth to a focus on profitability. To boost its revenue, Netflix has implemented price increases, cracked …
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley posted third-quarter results Wednesday that exceeded profit estimates due to better-than-expected trading revenue. Here’s what the company reported: Earnings per share: $1.38, compared to the estimated $1.28 …
Johnson & Johnson on Tuesday reported adjusted earnings and revenue that surpassed Wall Street’s expectations, while raising full-year guidance due to strong sales in the pharmaceutical and medical devices businesses. This marks J&J’s first quarterly report since the completion of its separation from consumer health spinoff Kenvue in August, which is the largest reorganization in …
Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America exceeded expectations for its third-quarter profit due to stronger-than-expected interest income. Here’s what the company reported: Earnings per share: 90 cents vs. the expected estimate of 82 cents from LSEG, which was formerly known as Refinitiv Revenue: $25.32 billion, compared to …
David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $5.31 a share, according to LSEG, …
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase surpassed analysts’ expectations for Q3 profit and revenue. Here’s what was reported: Earnings: $4.33 a share Revenue: $40.69 billion, …