A XPeng Inc. G6 electric sport utility vehicle (SUV). The company is hoping the release of the new car will boost sales which plunged in the first quarter. Qilai Shen | Bloomberg | Getty Images Shares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast…
Exterior view of an Urban Outfitters store is seen in Pasadena, California, May 22, 2021. RBL/Bauer-Griffin | GC Images | Getty Images Shares of Urban Outfitters popped about 8% Tuesday after the company reported fiscal first-quarter earnings that beat Wall Street’s estimates on the top and bottom lines. Here’s how the apparel retailer did compared…
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items. It lowered its forecast even as it beat Wall Street’s…
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock plummeted more than 25% in premarket trading Friday after it reported dismal fiscal first-quarter results and reduced its outlook. The footwear retailer missed on both the top and bottom…
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba shares softened, as the Chinese e-commerce giant posted worse-than-expected revenues in the first quarterly earnings report since splitting into six units. Company shares were down 1.4%…
A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart raised its full-year forecast Thursday, as fiscal first-quarter sales rose nearly 8% and its large grocery business helped offset weaker sales of clothing and electronics. The discounter said it now anticipates consolidated net sales will rise about…
Chinese tech giant Tencent released quarterly results Wednesday. Nurphoto | Nurphoto | Getty Images Tencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the company saw a big rebound in payment volumes, ad sales, and gaming. Here’s how Tencent did in the first quarter, versus…
A Siemens logo in Germany. The industrial giant says that a newly commissioned green hydrogen plant in the country will use wind and solar power from the Wunsiedel Energy Park. Daniel Karmann | Picture Alliance | Getty Images Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology…
A customer is seen in the parking lot of the Target store at the Paxton Towne Centre near Harrisburg. Paul Weaver | Lightrocket | Getty Images Target will report fiscal first-quarter earnings before the bell as pricier groceries, rising mortgage rates and summer vacations weigh on wallets. The discounter gave a conservative outlook in February,…
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Home Depot said on Tuesday that quarterly sales fell short of expectations and it lowered its forecast for the year, as consumers delay big projects and buy fewer big-ticket items like patio sets and grills.…
