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April 15, 2021

Breaking News: Earnings

Citigroup is set to report first-quarter earnings — here’s what the Street expects

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by CNBC026
CNBC – For more and to sign up click here Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report......
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Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

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by CNBC029
CNBC – For more and to sign up click here Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported on Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan loss reserves as fewer......
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Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results

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by CNBC030
CNBC – For more and to sign up click here Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares......
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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

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by CNBC019
CNBC – For more and to sign up click here JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell on Wednesday.......
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Lululemon’s sales, earnings beat as digital business accelerates

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CNBC – For more and to sign up click here Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’......
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Olive Garden parent’s earnings beat, forecasts stronger sales next quarter

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by CNBC042
CNBC – For more and to sign up click here Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and......
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FedEx earnings beat estimates on ‘unprecedented’ holiday shipping season

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by CNBC08
CNBC – For more and to sign up click here Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx on Thursday reported better-than-expected profits and revenues in its most recent......
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Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

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by CNBC033
CNBC – For more and to sign up click here A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S.......
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Lands’ End shares jump on earnings beat, retailer’s better-than-expected outlook

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by CNBC030
CNBC – For more and to sign up click here A woman shops for Lands End brand sweaters in Niles, Illinois. Tim Boyle | Getty Images Lands’ End shares jumped nearly 7% in premarket trading Wednesday after the apparel and home-goods retailer reported fourth-quarter earnings and sales that topped analysts’......
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Poshmark sales top estimates in its first quarterly report as a public company, but outlook disappoints; shares fall

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by CNBC036
CNBC – For more and to sign up click here Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Poshmark‘s revenue topped analysts’ estimates, in its first financial report......
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Oracle shows 3% revenue growth and bumps dividend

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by CNBC063
CNBC – For more and to sign up click here Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual......
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Dick’s Sporting Goods shares fall as retailer predicts slowing sales in year ahead

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by CNBC075
CNBC – For more and to sign up click here A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday topped Wall Street’s fourth-quarter estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic. Shares......
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Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge

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by CNBC067
CNBC – For more and to sign up click here Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate......
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Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss

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by CNBC097
CNBC – For more and to sign up click here A man walks past a store on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images Gap Inc. on Thursday predicted a bounce back to sales growth in 2021, hopeful that customers will soon return......
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Snowflake eliminates dual-class share structure, hits estimates on guidance

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by CNBC011
CNBC – For more and to sign up click here Frank Slootman, CEO, Snowflake Source: CNBC Snowflake stock fell as much as 7% then rebounded in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts’ estimates, and announced an......
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Okta says it’s buying security rival Auth0 for $6.5 billion, sending stock plunging

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by CNBC011
CNBC – For more and to sign up click here Okta CEO Todd McKinnon Okta Okta, whose cloud software allows office workers to access all of their apps through a secure online service, said on Wednesday that it’s spending $6.5 billion to acquire rival Auth0. Okta’s shares plunged about 13%......
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Kohl’s says it added 2 million new customers in 2020, thanks to Amazon

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by CNBC071
CNBC – For more and to sign up click here Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Kohl’s said it added at least 2 million new customers last year......
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Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

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by CNBC079
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in......
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Target is set to report earnings before the bell. Here’s what the Street expects

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by CNBC065
CNBC – For more and to sign up click here People exit Target store in Midtown Manhattan on August 19, 2020 in New York. Eduardo Munoz Alvarez | Corbis News | Getty Images Target will report its fourth-quarter earnings before the bell on Tuesday, as it tries to sustain gains......
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DraftKings shares rise after reporting a beat on revenue, more growth in paying customers

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by CNBC036
CNBC – For more and to sign up click here New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as......
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