Broadcom recently released their earnings report for the second fiscal quarter, showcasing a performance that surpassed analysts’ estimates. The company reported earnings per share of $10.96 adjusted against an expected $10.84, along with revenue of $12.49 billion compared to an anticipated $12.03 billion. This exceptional performance sent the stock soaring by approximately 10% in extended
Earnings
Larry Ellison, the Chairman of Oracle, has seen a substantial increase in his net worth, totaling nearly $19 billion. This surge in wealth comes after Oracle announced double-digit revenue growth for the fiscal year, resulting in the stock experiencing its largest rally since 2021. Ellison, who founded Oracle in 1977, holds approximately 1.15 billion shares
Oracle shares surged by 9% in after-hours trading following the announcement of cloud partnerships with Google and OpenAI. However, the software maker fell short of Wall Street expectations for the fourth quarter. The earnings per share came in at $1.63 adjusted, missing the expected $1.65. Revenue also fell below expectations at $14.29 billion, compared to
In the latest fiscal first-quarter results, GameStop reported a significant decline in net sales, dropping by 29% from the previous year. The company’s net sales were recorded at $881.8 million, missing the estimates provided by Wall Street analysts. The sales decline was even steeper than anticipated, causing concerns about GameStop’s ability to turn its operations
Lululemon, a well-known athletic apparel retailer, recently reported flat comparable sales in the Americas, its largest market. Despite beating Wall Street’s earnings estimates, the company only narrowly topped revenue expectations. In its first fiscal quarter, Lululemon reported earnings per share of $2.54, surpassing the expected $2.38, and revenue of $2.21 billion, slightly above the anticipated
Dollar Tree recently made headlines by announcing its contemplation of a sale for its struggling Family Dollar brand. This decision comes on the heels of the company’s plan to close almost 1,000 Family Dollar stores in an effort to turn around the business. With over 500 locations already shuttered in the fiscal first quarter, Dollar
Monzo, the British digital challenger bank, has recently reported a significant milestone – its first full year of profitability. The fintech startup announced that it had achieved pre-tax profits of £15.4 million ($19.6 million) in its 2023-2024 fiscal year. This marked a stark contrast from the previous year, where the company had suffered a loss
Costco Wholesale recently announced its third-quarter earnings, surpassing Wall Street’s expectations. The company reported a total revenue of $58.52 billion, a 9.1% increase year over year, which exceeded analysts’ estimates of $58.07 billion. Additionally, earnings per share for the quarter were $3.78, higher than the projected $3.70. Costco’s stock initially saw a decline of about
Best Buy recently released its quarterly sales results, with revenue falling short of Wall Street’s expectations. The consumer electronics retailer faced softer demand for consumer electronics, which led to a drop in net sales. While the earnings per share exceeded analysts’ estimates, the company highlighted a range of challenges it is currently grappling with. Despite
Kohl’s shares took a steep nosedive, dropping over 20% in premarket trading after the company reported a surprising loss per share. This unexpected turn of events caught Wall Street off guard, as analysts had anticipated a slight profit. Specifically, the loss per share came in at 24 cents, in stark contrast to the expected 4