Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending. Revenue in Broadcom's fiscal 2025 first quarter increased 25% year over year to $14.92 billion, beating the...
Costco on Thursday reported another sturdy — if mixed — quarter, demonstrating that its focus on keeping prices low continues to bring more shoppers to its stores at an uncertain time for the U.S. economy. Total revenue in its second quarter of fiscal year 2025 rose 9% year over...
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom reported first-quarter earnings on Thursday that topped analysts' expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading.Here's how the company did versus LSEG consensus estimates:Earnings per share: $1.60 adjusted vs. $1.49 expectedRevenue: $14.92...
Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter as quarterly comparable sales rose.Shares ticked down over 1% in extended trading on Thursday evening.Here's how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16,...
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Brendan McDermid | ReutersHewlett Packard Enterprise shares slid 18% in extended trading on Thursday as the data center equipment maker...
Check out the companies making headlines in extended trading. Hewlett Packard Enterprise — Shares tanked 17% in extended trading. Hewlett Packard Enterprise issued weak guidance for the fiscal second quarter, calling for adjusted earnings to range from 28 cents to 34 cents per share on revenue between $7.2 billion...
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better –...
People walk past digital billboards at the Moynihan Train Hall displaying a new initiative from New York Governor Kathy Hochul titled 'New York Wants You', a program designed to recruit and employ displaced federal workers across New York State, in New York, U.S., March 3, 2025. David Dee Delgado |...
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia "will be used explicitly and aggressively for immediate maximum impact" at President Donald Trump's guidance, Bessent said Thursday. Victor J. Blue | Bloomberg...
Check out the companies making headlines in midday trading: Victoria's Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria's Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had...
Broadcom shares were rewarded Thursday...
Costco on Thursday reported another...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
A woman walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesPharmacy staff from Walgreens are laying the groundwork for a nationwide walkout and multiple rallies at the end of October to protest unsatisfactory working conditions, and are in...
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting...
Zaza Cristina Robles worked as a pregnancy coach in her native Peru, so when she arrived in the U.S. at 16 weeks pregnant, the first thing she did after settling in with her in-laws was to seek medical care."When they showed us the bill, it was so expensive, my...
Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023.Valerie Macon | AFP | Getty ImagesTaylor Swift fans had just eight hours to buy tickets for last-minute Thursday night previews of her The...
Wealth Enhancement Group has added a new location in Los Angeles with its acquisition of KCS Wealth Advisory, an independent registered investment advisor, the firm announced Thursday. The deal brings Wealth Enhancement Group $373 million in assets under management and provides both firms with additional resources to enhance client services,...
Check out the companies making the biggest moves midday. Boeing — Shares of the aerospace company slipped 3%. On Thursday, Boeing said it was expanding the scope of its ongoing inspection into a production defect on some aft pressure bulkheads on the 737 Max 8 aircraft. Spirit AeroSystems ,...
