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.
Bank of America third quarter income and revenues were ahead of expectations. Roblox surged after the release of September metrics. Splunk jumped on an activist investor stake. Credit Suisse settles a lawsuit with New Jersey State.
United Airlines plans to expand its summer 2023 transatlantic schedule to more destinations. The Dutch tech company Philips issued an earnings alert. Diamondback agreed to acquire Firebird Energy.
Hertz signs a deal with a unit of BP for electric charging stations. United Natural quarterly revenue rose but net income decreased. Cracker Barrel net income fell despite a 7% rise in menu prices.
Macy's plans to hire seasonal staff for the upcoming holiday season matching previous years. China extended tax incentives for electric vehicle purchases. LAVA Therapeutics soared after signing a licensing pact.
Accenture said quarterly revenues increased 15%. Darden Restaurants same store sales increased 4.2%. FactSet quarterly net rose 3.3%. Steelcase said it plans to trim staff and cut costs.
