The specialty apparel retailer Gap reported better-than-expected holiday quarter sales and earnings. The advanced chipmaker Broadcom estimated sales in the current quarter that met analysts' expectations.
American Eagle said earnings dropped because of a goodwill impairment charge related to its purchase of several logistics firms during the pandemic years. Victoria's Secret issued a cautious outlook. New York Community Bancorp raised $1 billion to shore up its regulatory capital.
Abercrombie & Fitch reported better-than-estimated holiday-quarter results and estimated strong sales growth in the current quarter. Foot Locker missed earnings expectations as the retailer continues with its restructuring under new leadership.
Target estimated continued sales weakness in the current year but estimated improving operating margins. Apple's iPhone sales were estimated to fall sharply in China in 2024. GitLab's current-year sales outlook fell short of some investors' expectations.
The European Commission fined Apple two billion dollars for failing to inform users about alternative ways of subscribing to music services. Cryptocurrency stocks advanced after Bitcoin neared a record high.
Duolingo reported better-than-expected quarterly results and guided strong sales growth in the current fiscal year. Birkenstock said quarterly losses narrowed. Salesforce reported better-than-expected quarterly results.
Disney agreed to merge its India operations with the media properties controlled by Reliance Industries. First Solar reported a sharp increase in its quarterly earnings.
Lowe's Companies reported better-than-expected quarterly results despite customers taking on fewer new home renovation projects. Expedia said it plans to trim its workforce. Norwegian Cruise Line estimated a strong demand outlook for 2024.
Carvana reported its first-ever annual profit. Warner Bros. Discovery's results fell short of market expectations. Block said revenue rose and reported an unexpected profit. Booking Holdings launched its quarterly cash dividend plan.
Lucid Group reported weaker-than-expected revenue in the latest quarter. Rivian Automotive lowered its annual vehicle production outlook in 2024. Moderna reported an unexpected profit, driven in part by deferred revenue.
Palo Alto lowered its billing and revenue outlook for the current quarter. SolarEdge Technologies reported mixed quarterly results. Diamondback Energy reported quarterly results that surpassed market expectations.
Walmart guided sales in the fiscal first quarter to increase in the mid-single-digit after reporting strong fourth-quarter results. Home Depot said sales are likely to moderate in the current fiscal year after expanding for three years in a row.
DoorDash reported a wider-than-expected loss in the fourth quarter, but gross order volume and total orders sustained the recent double-digit growth level. Applied Materials reported flat revenue in the fiscal first quarter. Coinbase Global reported profit in the fourth quarter.
Cisco Systems issued a cautious outlook for the current quarter and full year, citing persistently weak demand from its telecom and cable customers. Stellantis announced a stock buyback plan and hiked its dividend.
Airbnb reported better-than-expected quarterly results. Instacart said revenue and earnings rose after gross transaction volume advanced. Lyft reported that the number of active riders and rides increased in the quarter.
