A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | ReutersFedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery...
Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on "how the CHIPS and Science Act and his Investing in America agenda are growing the economy and creating jobs," at the Milton J. Rubenstein Museum in Syracuse, New York, on April 25, 2024. Andrew Caballero-Reynolds | AFP...
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the early innings...
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois.Scott Olsen | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings and revenue that met analysts' expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse.Shares of the company rose 8% in...
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance...
Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021.John Thys | ReutersDrugmaker Pfizer on Tuesday said it expects its 2025 profits to be nearly in line with...
Costco on Thursday evening reported a solid quarter, beating on both the top and bottom lines. The warehouse club is clearly taking share from other retailers due to its focus on newness, quality, and value. With gross margins and paid memberships trending higher, this rally to fresh highs can...
Broadcom shares soared Thursday after the chipmaker demonstrated strong profitability in its fourth quarter and provided a slew of upbeat updates on its artificial intelligence business — a mix so good that investors looked past a minor sales miss. Revenue in the fiscal 2024 fourth quarter increased 51% year...
A Costco Wholesale store in Connecticut.Lindsey Nicholsonp | Getty ImagesCostco on Thursday beat Wall Street's quarterly earnings and sales estimates, as it got a boost in part from higher membership fees.Here is how the warehouse club did for the fiscal first quarter compared to what Wall Street expected, according...
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.Brendan Mcdermid | ReutersAdobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued disappointing revenue guidance.Sales in the...