BlackBerry said the latest quarterly results are expected to include a large non-cash goodwill impairment charges. Berkshire Hathaway increased its stake in Occidental petroleum. Stitch Fix reported a wider quarterly loss.
Best Buy forecasted holiday quarter sales weakness is likely to persist in 2023. Dell Technologies estimated weak outlook in the current fiscal year. Hibbett reported strong comparable store and online sales in its latest quarter.
Just Eat said annual loss expanded in 2022. Beiersdorf AG estimated lower organic sales growth in 2023. Vestas and Nordex won wind power turbine orders. Euronext withdrew its offer to acquire Allfunds Group.
Abercrombie & Fitch forecasted a weak outlook in the current quarter. The parent of Office Depot expanded its stock repurchase plan. Home improvement retailer Lowe's said comparable sales declined in its latest quarter.
Auto parts retailers AutoZone and Advance Auto reported better-than-expected quarterly results on stable demand for aftermarket parts. Target Corporation said higher discounts revived sales growth and extended 3-year sales increase to 30%.
Carvana said revenue declined and loss expanded. Wayfair said active customers declined. Planet Fitness said revenue and earnings rebounded. MercadoLibre swung to a profit on higher payment processing volume.
Dollar General lowered its fiscal year comparable sales and earnings per shar outlook on higher-than-expected damages from the recent winter storm. Domino's Pizza lowered its global sales outlook. Papa John's sales struggled after the lapping of covid-period demand surge.
Intel slashed its quarterly dividend. Coinbase said revenue continued to decline in its latest quarter. Toll Brothers said demand for new homes is unseasonably high in the current quarter.
Home Depot forecasted flat sales in the current year. Walmart guided cautious revenue growth at U.S. stores after three years of double digit increases. Nordson lowered its fiscal year sales growth outlook.
AutoNation said new vehicle sales increased but profit per vehicle declined for new and used vehicle sales. Hyatt Hotels swung to profit on higher leisure demand. DoorDash said higher demand for delivery service lifted revenue but losses expanded too.
Cisco Systems earnings and revenue were ahead of expectations. Choice Hotels said revenue per available room rate increase surpassed industry average. Boston Beer struggled with inventories in distribution system.
Airbnb and Tripadvisor reported rising revenues and earnings after demand for travel services continued to rebound in the holiday period. Akamai Technologies said it plans to accelerate its push in cloud computing.
Check Point Software quarterly earnings declined. Treehouse Foods said quarterly loss shrank. Coca-Cola increased its dividend and held out for strong organic growth in the current year.
