A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60% thanks in part to lower product costs. Shares fell more … Read more
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Spencer Platt | Getty Images Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer now expects to see full-year adjusted earnings per share in … Read more
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 28, 2024. Brendan McDermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that … Read more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares shed 26% after the artificial intelligence server company said it would postpone filing its annual 10-K form for the fiscal year that ended June 30. Super Micro Computer said its management requires more time to “complete its assessment of the design … Read more
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty Images Abercrombie & Fitch‘s revenue grew 21% during its fiscal second quarter as the apparel company builds on its torrid growth. The … Read more
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according … Read more
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images An inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick. On Wednesday, Lego said revenue during the first six months of the year … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Michael M. Santiago | Getty Images S&P 500 futures inched lower Tuesday night as investors waited in anticipation for chipmaker Nvidia’s quarterly earnings announcement Wednesday after the bell. Futures tied to the broad market index slipped 0.16%, … Read more