A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle shares tumbled Thursday after the company reported fiscal second-quarter revenue short of analysts’ estimates, as its e-commerce business decelerated compared with the prior year. Management also noted that back-to-school purchases have been coming

Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from the Covid delta variant. Here’s how the company did: Earnings: Loss of 11 cents per share Revenue: $1.34 billion vs. $1.26 billion forecast by

Morgan Stanley on Thursday posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 a share vs. the $1.65 estimate of analysts surveyed by Refinitiv. Revenue: $14.8 billion vs. the $13.98 billion estimate. While rival banks reported a steep slowdown in

Ford CEO Jim Farley at the company’s new Rouge Electric Vehicle Center on May 18, 2021 ahead of remarks from President Joe Biden. Michael Wayland / CNBC DETROIT — Ford Motor said Thursday its adjusted pretax earnings for the second quarter will “surpass its expectations” and be significantly better than a year earlier, while net

Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 5% in extended trading on Thursday after the cloud software maker issued earnings and guidance that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.96

Ride-hailing company Lyft showed continued signs of pandemic recovery in its first-quarter earnings report Tuesday. The company beat on the top and bottom lines and exceeded Wall Street’s rider expectations for the quarter. Shares of Lyft were up 7% in after-hours trading following the report. Here are the key numbers Lyft reported: Loss per share: 35

Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate

Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened demand for its meat alternatives at restaurants. CEO Ethan Brown said that some of blame for its lackluster results lies with consumer stockpiling. Panic-buying at the start of the crisis lifted Beyond’s grocery sales in the

Boeing said Wednesday it is planning to shed 7,000 more jobs to cope with a sharp downturn in air travel and jetliner demand due to the coronavirus pandemic and the prolonged grounding of its bestselling plane. Boeing’s CEO, Dave Calhoun, reiterated expectations that regulators would soon lift their ban on the 737 Max, a grounding

Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were

Morgan Stanley beat analysts’ estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm’s Wall Street trading operations. The bank said Thursday in a release that profit jumped 25% from a year earlier to $2.72 billion, or $1.66 per share, exceeding the $1.28 estimate of analysts surveyed by Refinitiv. It generated revenue

A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street

Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter.  Management told analysts it expects the strong performance will continue into the holiday quarter, though it is calling for sales to be down

Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Shares of cloud communications company Twilio rose as much as 10% in extended trading on Thursday after the company said in a filing that it expects more third-quarter revenue than the $401 million to $406 million range it had provided in August. Analysts polled by Refinitiv had

PepsiCo on Thursday reported its quarterly sales grew by more than 5% as consumers bought more of its Tostitos and pancake mixes. The food and beverage giant also provided an outlook for its earnings and revenue for the first time since yanking its forecast in April, when coronavirus pandemic lockdowns hit sales. Shares of the company

A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News U.S. delivery firm FedEx reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments. Shares in

Kraft Heinz is looking to capitalize on consumers’ rediscovered interest in store-bought mac and cheese and Ore-Ida french fries as it unveiled a turnaround plan Tuesday that will shave $2 billion in costs through 2024 and invest some of that in marketing its products. The company is expecting long-term organic sales growth of 1% to 2%

Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.  The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its

Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Slack shares fell as much as 20% in extended trading on Tuesday after the team communications software company reported fiscal second-quarter results and full-year guidance that exceeded analysts’

The Rocket Mortgage by Quicken Loans app is displayed on a smartphone Aug. 6, 2020. Gabby Jones | Bloomberg via Getty Images Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower

Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.  It swung to a net loss from a year ago, as the lower sales combined with additional shipping

People wearing masks walk past a large face mask sign in front of a Best Buy near Columbus Circle that as the city enters Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus in New York City. Alexi Rosenfeld | Getty Images Best Buy on Tuesday reported strong second-quarter sales growth, helped

An Estee Lauder cosmetics counter in Los Angeles, California. Lucy Nicholson | Reuters Estee Lauder forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands. The company and other

A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft reported second-quarter earnings Wednesday, which showed a 61% revenue drop versus the same period last year, but a glimmer

Chuck Robbins, chief executive officer of Cisco Technologies Inc., pauses during a panel session on day two of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a

A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. Eric Baradat | AFP | Getty Images Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, which has become

Disney reported mixed earnings for its fiscal third quarter on Tuesday, but the stock rose 5% in extended trading after CEO Bob Chapek announced a new streaming service and said Disney+ subscribers will get exclusive access to the release of “Mulan,” which has been repeatedly delayed due to theater closures. Disney continues to feel the

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and

General Motors lost $806 million and burned through billions of dollars of cash in the second quarter in what is expected to be the worst three months of the year for the auto industry as the coronavirus pandemic shuttered factories and devastated sales. GM’s results released Wednesday reflected a 34% drop in U.S. vehicle sales, which