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.
Ordering gifts online, paying by credit card. Concept online shopping, buying Christmas and New Year's presents. Black credit card, computer and christmas presents on blue sofa with festive decorations at home. Christmas and black friday shopping.Anastasiia Krivenok | Moment | Getty ImagesOnline spending on Thanksgiving Day jumped 5.5% compared...
Check out the companies making headlines before the bell: iRobot — The stock surged 30% after a Reuters report , citing sources familiar with the matter, said Amazon is about to win regulatory approval in the European Union to move forward with its $1.4 billion acquisition of the robot...
Jacob Kupferman | Getty ImagesThe Miami Dolphins and the New York Jets face off in the National Football League's first ever Black Friday game this week — but it's not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon's Prime Video.The NFL's...
TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty ImagesConsumers are increasingly turning to social media for their shopping this holiday season, and TikTok's latest venture into e-commerce has emerged at the forefront.The platform introduced TikTok Shop in the U.S. in September...
Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effort that retailers are putting in to motivate shoppers.Melissa Repko | CNBCNEW YORK CITY — On a recent weekend in downtown Manhattan, a long...
Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023.Kevin Lamarque | ReutersIn air travel, minutes matter.A few moments could be the difference between making and missing a connection for passengers —...
