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Stock market today: Tech leads more gains on Wall Street
NEW YORK (AP) — Technology stocks powered solid gains for Wall Street on Friday after another chipmaker reported strong demand related to artificial intelligence. The upbeat finish to the week for major indexes comes amid lingering anxiety over persistently high inflation, the risk...
How major US stock indexes fared Friday 5/26/2023
Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3% Friday, and the Nasdaq rose 2.2%. The Dow added 1%. Marvell Technology jumped 33% after saying...
Big Lots: Fiscal Q1 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Big Lots Inc. (BIG) on Friday reported a loss of $206.1 million in its fiscal first quarter. On a per-share basis, the Columbus, Ohio-based company said it had a loss of $7.10. Losses, adjusted for asset impairment costs and...
Stock market today: Asian markets mixed as US government debt talks push toward brink of default
Asian markets were mixed Friday as a deadline loomed for Congress to reach a deal on the U.S. government debt or face a potentially calamitous default. Tokyo and Seoul rose while Shanghai and Sydney fell. Hong Kong was closed for a holiday. U.S. futures slipped and oil prices also...
RH: Fiscal Q1 Earnings Snapshot
CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Thursday reported fiscal first-quarter earnings of $41.9 million. On a per-share basis, the Corte Madera, California-based company said it had profit of $1.76. Earnings, adjusted for non-recurring costs, came to...
Deckers: Fiscal Q4 Earnings Snapshot
GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Deckers Outdoor Corp. (DECK) on Thursday reported fiscal fourth-quarter net income of $93 million. The Goleta, California-based company said it had profit of $3.46 per share. The results exceeded Wall Street expectations....
Costco: Fiscal Q3 Earnings Snapshot
ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal third-quarter profit of $1.3 billion. The Issaquah, Washington-based company said it had profit of $2.93 per share. Earnings, adjusted for non-recurring costs, came to $3.43...
Icahn Enterprises continues to tumble following Hindenburg short report, Bill Ackman's responses
WASHINGTON (AP) — The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm's allegations. ...
Ulta: Fiscal Q1 Earnings Snapshot
BOLINGBROOK, Ill. (AP) — BOLINGBROOK, Ill. (AP) — Ulta Beauty Inc. (ULTA) on Thursday reported fiscal first-quarter profit of $347.1 million. On a per-share basis, the Bolingbrook, Illinois-based company said it had net income of $6.88. The results beat Wall Street...
Marvell: Fiscal Q1 Earnings Snapshot
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Marvell Technology, Inc. (MRVL) on Thursday reported a loss of $168.9 million in its fiscal first quarter. On a per-share basis, the Wilmington, Delaware-based company said it had a loss of 20 cents. Earnings, adjusted for one-time...
