Tag: “Sector”

Shares of Snowflake Inc. sank nearly 13% in after-hours trading Wednesday after the data-software company topped expectations with its latest results but cut its outlook for the full year.

Dutch firm ASML and Taiwan’s TSMC, two of the world’s most important semiconductor firms, got a share price boost on Thursday after Nvidia’s earnings impressed investors.

Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year.

E.l.f. Beauty posted quarterly results that beat Wall Street expectations and provided strong guidance, showing no sign of slowing spending among its consumers.

Ralph Lauren Corp reported a surprise rise in fourth-quarter revenue on Thursday, as affluent U.S. shoppers snapped up its pricey sweaters and suits even as overall luxury spending cooled in the region.

Chanel sales in the United States, one of the luxury label’s top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thursday, adding to evidence that the post-pandemic spending splurge in the country has tapered off.

TUI said Thursday that it has extended the maturity of its existing credit lines of 2.7 billion euros ($2.90 billion) until July 2026.

Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 26% in extended trading.

Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, making formal a long-telegraphed spinoff.

Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround.

Intuit INTU shares were falling early on Wednesday after the company’s sales from its TurboTax software took a hit. Wall Street analysts reckon investors should look past that and focus on its raised guidance.

Palo Alto Networks shares were gaining ground in late trading Tuesday after the security software company posted fiscal third-quarter results that edged profit expectations.

Shares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast a plunge in car sales.

Marks & Spencer said its latest turnaround strategy was starting to deliver, enabling it to restore its dividend and forecast “modest” revenue growth and a profit outcome ahead of market expectations this year, sending its shares 13% higher.

For people who have been sharing their Netflix password with family and friends who aren’t living with you, the day of reckoning has arrived.

In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed.

Swedish gaming group Embracer’s share price plummeted on Wednesday after the group slashed its forecast for the year and said a $2bn partnership deal had fallen through.

Meta has begun its third round of layoffs as part of the company’s multibillion-dollar plan to save costs.

Dick’s Sporting Goods stock rose early Tuesday morning as the company reaffirmed its outlook and beat first fiscal-quarter earnings expectations.

Zoom Video Communications is struggling to join in this year’s rally in technology stocks. Even a surprise earnings beat didn’t seem enough to dispel concerns about lower corporate spending and competition from rivals such as Microsoft.