Oxford Industries, the parent of Tommy Bahamas, revised higher fourth quarter sales outlook. Ollie's Bargain said comparable sales increased 1.9%. Rent the Runway gross margin improved in the third quarter.
Toll Brothers earnings rose and home sales advanced despite rising mortgage rates and home prices. Dave Buster's earnings dropped. Thor Industries quarterly earnings fell on higher costs.
Activision Blizzard jumped on the news that Microsoft is preparing to fight the antitrust lawsuit preventing the acquisition. VF Corp plunged after the CEO resigned unexpectedly.
Deere & Company latest quarter results were ahead of expectations. Guess Inc struggled with changing retail environment. Manchester United soared on potential sale of the company.
Palo Alto lifted its outlook for the fiscal year and reported strong growth for its cybersecurity platform. Foot Locker and Ross Stores sounded optimistic for holiday sales.
Macy's revised its annual outlook higher. Bath & Body Works exceed earnings guidance. Nvidia earnings and revenues dropped. Kohl's revenue fell and the retailer withdrew its guidance.
Target Corp said it plans to cut costs after revenues surged 40% since pandemic and said holiday sales are likely to fall short of estimates. Lowe's reiterated its annual sales outlook.
Berkshire Hathaway takes a stake in Taiwan Semiconductor. Home Depot reiterated its annual outlook. Walmart swings to a quarterly loss. Vodafone initiates a cost-cutting program.
Starbucks sales advanced and comparable store sales in North America jumped. Funko plunged on weak outlook. DraftKings dropped on looming recession worries. Twilio results dragged cloud computing stocks.
Microsoft dropped on cloud computing revenue growth slowdown worries. Google fell after general digital ad revenues slowdown and YouTube staff reduction plan. Rollins jumped on strong revenue growth.
Coca-Cola offered positive outlook for 2022 earnings. UPS third quarter revenue increased 4%. Shutterstock lowered full-year outlook on weakness in Europe. General Motors reiterated full-year 2022 earnings.
Goldman Sachs earnings surpassed expectations on higher bond market trading. Carnival launched a secured bond offering to cover maturing debt in 2022. Hasbro earnings dropped.
