Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.The German sportswear giant, in a surprise preliminary estimates release, projected a full-year operating...
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh...
Brian Moynihan, CEO of Bank of America, testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing, Sept. 22, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBank of America is scheduled to report third-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings: 82 cents a...
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.Justin Sullivan | Getty ImagesWells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.Shares of the bank rose...
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup reported its third-quarter results on Friday morning, with solid growth in both the institutional clients and personal banking fueling higher-than-expected revenue. Here's what the company reported compared...
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023.Nathan Howard | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday.Here's what Wall Street expects,...
Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates.Here's how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on a survey...
Shoppers carry Zara bags on Fifth Avenue in New York, on Saturday, May 22, 2021.Victor J. Blue | Bloomberg | Getty ImagesZara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world's biggest fast fashion company slowing the pace of its price...
Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected.Here's how...
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to record...