Tag: “Corporate”

Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit as it predicts fewer sales of its ageing console.

Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street targets on Monday amid slower-than-expected EV demand, sending its shares down nearly 9% in extended trading.

UBS on Tuesday reported a swing back to profit after two quarterly losses as it smashed first-quarter expectations, with results bolstered by higher wealth management revenues

 Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a “very positive” start of the year.

Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Revenue was in line with expectations.

Kenvue  will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter profit.

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. 

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Spirit Airlines stock just can’t get off the ground. In fact, the shares were moving lower Monday after the ultra-low-cost carrier reported a wider loss and falling revenue in the first quarter.

Shares of Tyson Foods were edging higher Monday after the meat company reported improving profit at its chicken segment.

Heineken will invest 39 million pounds ($48.9 million) in its Star Pubs chain this year, to revamp and reopen 62 of its recently closed U.K. pubs.

Berkshire Hathaway  saw operating profits rise 39% after taxes in the first quarter to a record $11.2 billion, boosted by strength in the company’s property and casualty insurance business and higher investment income.

Universal Music Group  on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift.

Stock in The Hershey Company  jumped on Friday after the chocolate seller reported better-than-expected profits and sales on the back of higher prices.

Fantasy sports and betting company DraftKings announced better-than-expected results in Q1 CY2024, with revenue up 52.7% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.9 billion at the midpoint also came in 1.7% above analysts’ estimates. It made a non-GAAP profit of $0.03 per share, improving from its loss of $0.51 per share in the same quarter last year.

Booking Holdings said its profit jumped in the first quarter as the company’s traveler bookings grew ahead of expectations, buoyed by users traveling more reliably to the company’s site.

Monster Beverage  reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker’s high-priced juices as well as easing freight costs.

Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.

Apple shares climbed 7% in extended trading on Thursday after the iPhone maker reported fiscal second-quarter earnings that topped estimates and announced an expanded stock buyback program.

Block earnings beat expectations as revenue rose 19% in the first quarter, boosted by Bitcoin. The stock is rising.