Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday.While Darden itself hasn't benefited from the shift, its competitors, like Chili's owner...
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and...
Shantanu Narayen, CEO of Adobe being interviewed by Jim CramerLinda Dimyan | CNBCAdobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates.Here's how the company did in comparison with LSEG consensus:Earnings per share: $4.48 adjusted, vs. $4.39 expectedRevenue:...
A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage of Club name Starbucks with a buy rating and a $100-per-share price...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks were mixed Thursday as traders weighed May's producer price index data , which showed that inflation pressures may be easing. The S...
Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name's fiscal 2024 second quarter...
Igor Golovniov | Lightrocket | Getty ImagesBroadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts' estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10% in extended trading.Here is how the company...
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle Chairman Larry Ellison is $18 billion richer after the software maker he founded in 1977 forecast double-digit revenue growth for...
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with...
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty ImagesGameStop the video game retailer currently riding another wave of trading enthusiasm spurred on by the meme trader "Roaring Kitty," showed no signs of...