A Gap store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty Images Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel company’s fiscal second quarter results were released earlier than planned after the company “inadvertently” posted them…
Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Although the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings…
A Target store stands in Manhattan, New York City, on March 5, 2024. Spencer Platt | Getty Images Target will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits. Here is what Wall Street expects for the Minneapolis-based retailer, according to a…
Eli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Shares of Eli Lilly jumped more than 7% on Thursday. The drugmaker now expects revenue for the year to…
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, US June 21, 2024. Joel Angel Juarez | Reuters Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business. Here is how the company…
Kena Betancur | Corbis News | Getty Images Pfizer on Tuesday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid antiviral pill, Paxlovid, and strong non- Covid product sales. The company now expects to book adjusted earnings of…
A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s…
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance. The company’s stock fell 12%, posting its…
Investors and analysts are eagerly awaiting the announcement. It is expected to show how the company has done financially in the past quarter. The report is important for General Motors. It will show how the automaker has dealt with recent industry challenges. These include supply chain problems and changing demand. Analysts will closely study important financial metrics. These include revenue, profit margins, and cash flow. They will use these to assess the company’s health and future prospects.
