Oracle Corporation witnessed a notable stock surge of approximately 6% during after-hours trading on Thursday, in response to the company’s optimistic fiscal projections announced at the Oracle CloudWorld conference in Las Vegas. The tech giant raised its revenue forecast for the fiscal year 2026 to a minimum of $66 billion, surpassing analyst expectations of $64.5
Earnings
Foot Locker’s recent announcement of a 2.6% growth in same-store sales during the fiscal second quarter marks a significant improvement for the company. The positive performance is attributed to its ongoing efforts to revamp its stores and enhance the overall customer experience. Additionally, the expansion of the gross margin for the first time in over
Shares of Dollar Tree plummeted over 15% in early trading on Wednesday after the retailer revised its full-year outlook due to increasing pressures on middle-income and higher-income customers. Dollar Tree now anticipates its full-year consolidated net sales to be in the range of $30.6 billion to $30.9 billion, with adjusted earnings per share ranging from
In the recent fiscal second quarter, Dick’s Sporting Goods managed to surpass the earnings estimates set by Wall Street. The company reported a remarkable net income of $362 million, translating to earnings per share of $4.37, compared to $244 million in the same period a year ago. This exceeded analysts’ expectations by a significant margin.
Oracle, the renowned database software vendor, exceeded Wall Street expectations in its fiscal first-quarter report. The company’s shares surged by 9% in after-hours trading following the release of the results. With an adjusted earnings per share of $1.39 compared to the expected $1.32, and revenue of $13.31 billion exceeding the projected $13.23 billion, Oracle’s performance
Broadcom recently released its fiscal third-quarter results, surpassing both revenue and earnings expectations set by Wall Street analysts. Despite the positive news, Broadcom shares dropped by 7% in extended trading due to guidance that fell in line with expectations. Earnings per share came in at $1.24 adjusted, higher than the expected $1.20. Meanwhile, revenue stood
Volvo Cars made the decision to adjust its margin and revenue targets, citing increased complexity in global trade and tariffs as a primary factor. The Swedish automaker, which is majority-owned by China’s Geely Holding, stated that it is now aiming for an EBIT margin goal of 7-8% by 2026, down from its previous target of
CrowdStrike, a cybersecurity software maker, experienced a 4% decline in share value in after-hours trading following the release of its fiscal second-quarter results. Despite beating expectations in terms of earnings per share and revenue, the company revised its full-year guidance downwards due to a global outage. The company reported that its revenue had grown by
Nvidia’s shares faced a decline in U.S. premarket trade recently, as the company’s fiscal second-quarter gross margin witnessed a slight dip. The company’s revenue beat was overshadowed by heightened expectations from investors. The stock initially dropped by 4.6% in early premarket deals but managed to recover slightly to a 1.46% decline by a specific time.
Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. The earnings no longer appeared to be posted on