Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night’s results, we’re looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company’s fiscal 2024 third quarter increased 15% year over year to $1.985 billion, beating the consensus estimate of
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In this article CMG MCD SBUX HD SG DAL WMT PEP TGT Follow your favorite stocksCREATE FREE ACCOUNT People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations
In this article BT.A-GB Follow your favorite stocksCREATE FREE ACCOUNT A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. Hollie Adams | Bloomberg | Getty Images LONDON — Shares of BT Group surged Thursday after the firm announced a target of a further £3 billion
In this article GOOS-CA Follow your favorite stocksCREATE FREE ACCOUNT Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how the company did: Earnings per
The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P 500 and Nasdaq Composite , meanwhile, closed at all-time highs Wednesday, fueled by cooler-than-expected inflation
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. It was another bad news is good news week for Wall Street, with both weaker-than-expected reports pointing to further disinflation — which is key to any hopes of the Federal Reserve cutting interest rates in
Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks were flat on Friday, a session after the Dow hit above the 40,000 mark for the first time. The Nasdaq Composite and S & P 500 also notched
In this article UAA Follow your favorite stocksCREATE FREE ACCOUNT Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the second session in a row —
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s
Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company’s earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020. Luis Cortes | Reuters Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing. Kuang Da | Visual China Group | Getty Images Alibaba posted a beat
In this article 9984.T-JP Follow your favorite stocksCREATE FREE ACCOUNT SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted
An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed
In this article DIN Follow your favorite stocksCREATE FREE ACCOUNT Scott Mlyn | CNBC Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. As consumers pull back their restaurant spending, Applebee’s and IHOP are fighting against a larger group of rivals than usual
In this article HOOD Follow your favorite stocksCREATE FREE ACCOUNT Spencer Platt | Getty Images Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results. Robinhood reported net income of $157 million, or 18 cents per share, for the first quarter. That is a positive swing from the
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