Shares of H&M, the global retail giant, saw a significant drop of 8% on Thursday following the release of disappointing fiscal third-quarter results. The retailer’s operating profit plummeted to 3.51 billion Swedish crowns (approximately $345.8 million), a stark decline compared to 4.74 billion Swedish crowns during the same quarter last year. Analysts had projected an
Earnings
On Tuesday, Nordstrom delivered an earnings report that surpassed Wall Street’s expectations, providing a glimmer of hope in a retail landscape muddied by economic challenges. The Seattle-based department store chain posted adjusted earnings per share (EPS) at 96 cents—25 cents higher than anticipated by analysts. While this news may celebrate a rebound in Nordstrom’s performance,
The excitement around Nvidia has reached dizzying heights over the past two years, primarily driven by its pivotal role in the booming artificial intelligence (AI) sector. Just when it seemed like the company would continue on a meteoric rise, it encountered significant turbulence, creating a precarious balance for investors. While this chip-making giant has seen
The stock market is an intricate beast, often showcasing erratic behavior in response to a myriad of external stimuli. This was particularly evident in the period following the Club’s August Monthly Meeting, where multiple indices displayed contrasting but notable trends. The S&P 500 showed a modest increase of 1.8%, while the Dow Jones Industrial Average
Oracle Corporation’s recent surge in stock price, which saw a remarkable 6% increase during after-hours trading on Thursday, underscores the company’s bullish outlook for its future. This upswing followed the announcement of raised revenue guidance for fiscal year 2026, with Oracle projecting at least $66 billion—surpassing analyst expectations of $64.5 billion. This trajectory signals not
Despite facing a challenging retail environment, Foot Locker managed to surprise analysts by posting a same-store sales growth of 2.6% in its fiscal second quarter. This positive development marks a significant turnaround for the company, which had struggled with declining sales for the past six quarters. The increase in comparable sales can be attributed to
Dollar Tree experienced a significant drop in its stock price by more than 15% following a downgrade in its full-year financial outlook. The retailer revised its consolidated net sales forecast to be between $30.6 billion and $30.9 billion, significantly lower than the previously expected range of $31 billion to $32 billion. Additionally, the company adjusted
Dick’s Sporting Goods delivered an impressive performance in its fiscal second quarter, surpassing Wall Street’s earnings estimates. The company reported earnings per share of $4.37, significantly higher than the expected $3.83. This strong financial result was supported by a 8% increase in revenue to $3.47 billion, compared to the anticipated $3.44 billion. Additionally, Dick’s achieved
Oracle, the renowned database software vendor, saw a 9% surge in its shares during after-hours trading following the release of its fiscal first-quarter results. The company outperformed Wall Street expectations, reporting an adjusted earnings per share of $1.39 compared to an expected $1.32. Additionally, Oracle’s revenue reached $13.31 billion, surpassing the projected $13.23 billion revenue.
Broadcom reported fiscal third-quarter results that surpassed Wall Street expectations for both revenue and earnings. The company reported earnings per share of $1.24, beating the expected $1.20, and revenue of $13.07 billion, higher than the anticipated $12.97 billion. Despite the positive results, Broadcom’s shares fell by 7% in extended trading after the company provided guidance