On a seemingly typical Wednesday, Macy’s, one of the iconic department store chains in the United States, revealed a glaring issue that sent shockwaves through the financial world. The company announced it had concluded an internal investigation regarding an employee who deliberately concealed approximately $151 million in delivery expenses from its accounting records over a
Earnings
Oracle Corporation, a leader in database software, has recently found itself amid a whirlwind of investor reactions following its earnings report. A sudden 8% drop in share prices on Tuesday marked one of the company’s most turbulent days of the year, raising questions about the sustainability of its explosive growth in 2024. Despite its current
Salesforce, a leading cloud-based software company, demonstrated robust performance in its fiscal third quarter, leaving investors impressed and driving its stock up by 9% on Tuesday. With recent earnings exceeding analysts’ estimates, the company’s financial trajectory is pointing positively, particularly in the context of an increasingly competitive tech landscape. Salesforce reported an adjusted earnings per
Ulta Beauty delivered impressive financial results for the fiscal third quarter, exceeding the expectations set forth by Wall Street. On November 2, the beauty retailer reported earnings per share (EPS) of $5.14, surpassing the anticipated $4.54. Additionally, the company’s revenue reached $2.53 billion, edging past the forecast of $2.50 billion. This performance has been particularly
American Eagle Outfitters faced significant market backlash following its third-quarter earnings report, which resulted in a dramatic 13% drop in shares during extended trading. This decline signals underlying issues within the company’s performance and suggests a broader challenge faced by retailers today. The stock market’s response reflects not just the financial metrics presented but also
Foot Locker recently reported disappointing quarterly results that have raised significant concerns among investors and industry analysts. The retail giant announced a reduction in its full-year guidance, following a period of unfavorable earnings that could serve as a warning for its primary brand supplier, Nike. Executives pointed towards soft consumer demand and intensified competition leading
Nvidia is set to release its fiscal third-quarter earnings on Wednesday, and the financial community is buzzing with anticipation. Market analysts, particularly those using LSEG consensus estimates, are predicting revenue of approximately $33.16 billion for the period and an adjusted earnings per share (EPS) of 75 cents. This earnings report will be crucial not only
TJX Companies, the parent organization behind well-known retail brands like T.J. Maxx, Marshalls, and HomeGoods, recently posted impressive results for its third fiscal quarter of 2025, which concluded on November 2. The company reported a 6% year-on-year revenue growth, reaching $14.06 billion, surpassing market expectations by a small margin. Similarly, adjusted earnings per share (EPS)
Zoom Video Communications, a company that once exploded in value during the height of the COVID-19 pandemic, recently reported its fiscal third-quarter results, which while strong, have left many analysts wanting more. The company’s adjusted earnings per share (EPS) for the quarter ending October 31 reached $1.38, surpassing expectations of $1.31. Revenue figures also exceeded
Every weekday, the CNBC Investing Club hosted by Jim Cramer provides investors with a live “Morning Meeting” at 10:20 a.m. ET, dissecting the latest market developments and economic news. In a recent session, several crucial trends emerged as Wall Street evaluated the implications of President-elect Donald Trump’s announcement of tariffs on imports from pivotal trade