Foot Locker recently reported that its comparable sales grew for the first time in six quarters. The company’s same-store sales increased by 2.6% during the fiscal second quarter, which exceeded analysts’ expectations of a 0.7% uptick. Additionally, the company’s gross margin expanded for the first time in over two years. Despite these positive trends, the
Earnings
Dollar Tree, a popular discount retailer, experienced a significant drop in its stock price, plummeting over 15% after revising its full-year outlook. This revision was attributed to mounting pressures on middle-income and higher-income customers. The company now anticipates its consolidated net sales to be within the range of $30.6 billion to $30.9 billion, with adjusted
Dick’s Sporting Goods reported impressive numbers for its fiscal second quarter, surpassing Wall Street’s projections. The company’s earnings per share came in at $4.37, higher than the expected $3.83. Similarly, revenue reached $3.47 billion, beating the anticipated $3.44 billion. This success was driven by a significant increase in net income compared to the previous year.
Oracle recently reported its fiscal first-quarter results, showcasing impressive numbers that exceeded Wall Street estimates. The company’s earnings per share came in at $1.39 adjusted, surpassing the expected $1.32. Additionally, Oracle’s revenue for the quarter was $13.31 billion, exceeding the anticipated $13.23 billion. This strong performance led to a 9% surge in Oracle’s stock price
Broadcom recently reported its fiscal third-quarter results, exceeding Wall Street expectations for both revenue and earnings. The company’s earnings per share came in at $1.24, which was higher than the expected $1.20. Additionally, Broadcom’s revenue reached $13.07 billion, surpassing the predicted amount of $12.97 billion. Despite the positive earnings and revenue figures, Broadcom’s shares dropped
Volvo Cars, a Swedish automaker majority-owned by China’s Geely Holding, recently announced a shift in its margin and revenue targets. The company is now aiming for an EBIT margin goal of 7-8% by 2026, down from its previous target of “above 8%.” This change is attributed to increased complexity, especially concerning global trade and tariffs.
CrowdStrike, the cybersecurity software maker, recently reported its fiscal second-quarter results, exceeding expectations in terms of earnings per share and revenue compared to LSEG consensus. The company’s revenue grew by 32% year over year, reaching $963.9 million for the quarter ending on July 31. The net income also saw a significant increase to $47 million,
Nvidia’s shares took a hit in U.S. premarket trade recently due to various factors affecting the company’s fiscal second-quarter performance. The company saw a slight dip in its gross margin and, while its revenue beat analysts’ expectations, it wasn’t enough to satisfy the high hopes set by investors. This led to a 4.6% drop in
Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. The earnings no longer appeared to be posted on
The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s AI chipmaker stock taking a hit with a 3.5% decline. The company exceeded expectations on both revenue and profit margins during Wednesday’s earnings report. However, analysts were not impressed with Nvidia’s full-year outlook on gross margins. Jim Cramer pointed out that while