Earnings

Southwest Airlines experienced a significant drop in its shares by about 4% in premarket trading after the carrier revised its second-quarter revenue forecast downwards. The airline cited changing booking patterns as the reason behind this adjustment. Originally estimating a decline of 1.5% to 3.5%, Southwest now expects a much larger fall of between 4% and

Casual-dining chains are experiencing a shift in consumer preferences, with more customers moving away from traditional fast-food options. Darden Restaurants CEO Rick Cardenas noted that while Darden itself has not seen a direct benefit from this change, competitors like Brinker International and Dine Brands have been successful in luring in customers who are frustrated with

Adobe witnessed a significant surge of 15% in its shares after reporting earnings and revenue that surpassed analysts’ expectations. The company’s performance was highlighted by adjusted earnings per share of $4.48, outperforming the consensus estimate of $4.39 per share. Additionally, Adobe’s revenue grew by 10% from the previous year, reaching $5.31 billion, exceeding the projected

Thursday saw a mixed performance in U.S. stocks as traders digested the latest data on May’s producer price index. The S & P 500 experienced a slight drop, although it remained close to record highs. Additionally, weekly jobless claims came in higher than expected, indicating some slack in the labor market despite the Federal Reserve’s

Oracle Chairman Larry Ellison has seen a significant increase in his wealth, with a rise of almost $19 billion. This growth is attributed to the positive forecast of double-digit revenue growth for the fiscal year of the software maker he founded back in 1977. Ellison’s ownership of about 1.15 billion Oracle shares, which accounts for

Broadcom recently reported its earnings for the second fiscal quarter, surpassing analysts’ estimates. The company posted earnings per share of $10.96 adjusted, compared to the expected $10.84. Additionally, Broadcom’s revenue came in at $12.49 billion, exceeding the expected $12.03 billion. This strong performance led to a spike in the company’s stock price, rising approximately 10%

Oracle recently announced fourth-quarter results that fell short of Wall Street expectations. While the company’s earnings per share were slightly below expectations at $1.63 adjusted versus $1.65 expected, its revenue of $14.29 billion also missed analyst estimates of $14.55 billion. Despite this, Oracle’s revenue still managed to increase by 3% year over year during the

GameStop, the video game retailer, recently reported its fiscal first-quarter results, and the numbers paint a grim picture. The company posted net sales of $881.8 million for the period, which marks a significant decline of 29% from the previous year. This decline was even worse than what Wall Street analysts had predicted. The company also

Lululemon, a well-known athletic apparel retailer, reported flat comparable sales in the Americas, its largest market, sparking concerns about its growth prospects in the region. Despite beating Wall Street’s earnings estimates, the company’s revenue expectations were only narrowly exceeded. This indicates a potential slowdown in the growth of the brand in the Americas, a market

The recent announcement made by Dollar Tree regarding the potential sale of its struggling Family Dollar brand has sparked speculations in the retail market. This move comes as the company continues to face challenges in reviving the business and competing against its major rival, Dollar General. With plans to close nearly 1,000 Family Dollar stores,