Earnings

Stewart Butterfield speaks on November 08, 2019 in San Francisco, California. Phillip Faraone | Getty Images Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The
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Billionaire businessman Barry Diller joined CNBC’s “Squawk Box” on Friday.  Diller, chairman of Expedia Group and digital media group IAC, told Squawk Box in April that the U.S. government needed to bail out every company hit hard by the coronavirus pandemic and “we’ll worry about paying the bills later.”  Expedia Group’s brands include Expedia, Hotels.com, and Trivago, while IAC’s brands include
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Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led
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Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the
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The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant
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CNBC’s Jim Cramer said Tuesday that large retailers in the U.S. such as Walmart benefited from the coronavirus-related restrictions on businesses, contending this week’s earnings reports will reflect the top-heavy nature of the economy.  “It looks like the big guys won. You have them basically cordoned off as essential services. So many other companies, little companies, medium,
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Lowe’s reported same-store sales growth of more than 11% for the first quarter as Americans stayed home and invested in spring-time home improvement projects, but investor excitement fizzled as the company warned sales could “moderate” later in the year. The company benefited in the quarter from the home improvement industry’s busiest time of the year, spring,
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Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first-quarter earnings after the bell on Wednesday. The stock fell over 1% in after-hours trading
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Patrick T. Fallon | Bloomberg | Getty Images Home Depot is set to report its first-quarter earnings before the bell on Tuesday. While coronavirus restrictions have slowed or suspended construction in much of the country, Home Depot’s earnings will offer insight into the demand for do-it-yourself projects, kitchen appliances and gardening supplies as many Americans
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Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% in after-hours trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings, although revenue dropped 8% from last year’s quarter, steeper than the 4% decline in the prior
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