Dell reported higher sales and earnings, and quarterly results were driven by the strong demand for its servers for artificial intelligence applications. Lululemon said comparable store sales disappointed. MongoDB lifted its annual revenue outlook.
Salesforce reported higher sales and earnings in the current quarter and lifted its annual outlook. Dollar General trimmed its annual outlook, citing weak consumer demand. Best Buy said comparable store sales declined at a slower pace.
Foot Locker said comparable same-store sales rose after falling for eight quarters in a row. Nordstrom reported better-than-estimated revenue in the second quarter. Berkshire Hathaway lowered its stake in Bank of America.
Artificial intelligence-linked stocks were in focus ahead of Nvidia's earnings after the close on Wednesday. JD.com announced a $5 billion stock repurchase plan. Cava Group insiders and a major shareholder are trimming their holdings.
Zoom Video soared after the video communication platform lifted its annual outlook. Agilent Technologies reported better-than-expected quarterly results. Synopsys reported earnings ahead of market expectations and boosted its outlook for the current quarter.
Arch Resources and Consol Energy agreed to merge and form a new company with 11 mines in six states. Target Corp. reported better-than-expected quarterly results. Macy's lowered its annual sales outlook amid weakening demand from retail customers.
Hawaiian Holdings and Alaska Air Group's merger plan won approval from the U.S. Department of Justice. Palo Alto Networks earnings and sales were ahead of market expectations. Lowe's Companies reported mixed quarterly results.
Activist investor Carl Icahn and Icahn Enterprises agreed to pay a fine for using company stocks as a collateral for personal margin loans. AMD agreed to acquire ZT Systems for $4.9 billion.
Walmart reported a rise in sales and earnings, and the discount retailer lifted its full-year outlook because of stable consumer demand. Cisco Systems reported a decline in quarterly and annual sales, and the company plans to cut 7% of its global staff.
Starbucks forced out its chief executive. In a leadership shakeup amid mounting pressure from activist investors. Home Depot lowered its comparable sales outlook for 2024.
Bumble plunged after the online dating app developer lowered its annual revenue outlook. Zillow Group reported better-than-expected second quarter results. Eli Lilly lifted its annual outlook driven by demand for its weight loss and diabetic treatment medicines.
Airbnb reported higher revenue and earnings, but the company's third-quarter outlook fell short of market expectations. Disney reported solid quarterly results, and the streaming services division achieved its first profit.
Uber Technologies reported strong quarterly results on solid demand for its mobility and delivery services. Yum China reported gains in revenue and adjusted earnings despite worries of consumer spending slowdown. Palantir lifted its annual revenue outlook.
Intel announced its deepest restructuring in several decades as the company battles on several fronts amid rising competition and pricing pressures. Apple's quarterly results highlighted a sustained increase in its service revenue.
JetBlue unexpectedly reported a profit in the latest quarter. F5 reported better-than-expected results in its latest quarter. Procter & Gamble reported weaker-than-expected quarterly results due to the continued weakness of demand growth in China.
