Walmart reiterated its outlook for the second-half of 2022. Home Depot customer transactions fell but average ticket size rose in the second quarter. Bed Bath & Beyond soars after several trading halts. Berkshire increased its stake in Ally Financial.
Illumina lowered its annual revenue growth outlook and forecasted a loss. LegalZoom Net loss shrank. Mister Card Wash lowered annual revenue growth and comparable sales outlook. Olo said quarterly loss expanded.
Norwegian Cruise said bookings are not expected to reach 2019 levels till the next year. Signet Jewelers lowered its revenue and adjusted earnings annual outlook. Allbirds plunged after the shoe retailer lowered its full-year revenue outlook.
Alibaba.com Group said China commerce business improved in May and June after lockdown conditions eased. Ceridian posted narrowed a quarterly loss. Shake Shack swung to a quarterly loss. Burger King's parent said quarterly income fell.
Royal Caribbean priced its upsized convertible notes offering. Pinterest surged on activist investor stake. Uber said it to turned to cash flow positive. ZoomInfo revised higher its full-year sales guidance.
Exxon Mobil and Chevron reported multi-fold increase in earnings on the back of oil price surge. Intel revenues plunged and swung to a quarterly loss. Price increases drive Procter & Gamble's revenue growth.
Meta reported its first quarterly revenues decline. Etsy revenues rose on higher fees. Best Buy lowered comparable sales outlook. Teladoc plunged after the company took another large goodwill charge.
Alphabet and Microsoft rose after the release of earnings. Chipotle Mexican Grill said sales and earnings jumped on the sustained rise in comparable sales. UPS lifted its stock repurchase program. Visa said cross border transaction volumes surpassed 2019 levels.
Coca-Cola lifted its sales and earnings outlook. General Electric earnings got a boost from its aviation business. General Motors struggled with supply chain disruptions. Walmart lowered its earnings outlook.
UBS dropped after reporting lower-than-expected earnings. Rolls Royce appointed energy industry veteran as its chief executive. Stratec plunged on first-half revenues decline. Lindt & Spruengli released its stock buyback plan.
American Airlines and United Airlines fell on the worries of economic slowdown. Tesla gained after earnings doubled. CSX reported flat quarterly earnings. 1Life Healthcare surged after Amazon's offer.
BlackRock net declined after assets under management fell. Citigroup net fell on higher cost of credit. Wells Fargo net plunged on weaker mortgage origination and lower asset valuation in private equity holdings.
Conagra Brands earnings fell on higher input costs. Morgan Stanley earnings dropped on weaker trading revenues. JPMorgan Chase suspended stock buybacks to preserve capital after earnings fell.
Deutsche Telekom agreed to sell a majority stake in its tower assets. Ashmore's assets under management plunged 18%. Hugo Boss lifted full-year outlook. Ericsson earnings disappointed investors.
Alphabet, the parent of Google said it plans to slowdown hiring amid economic uncertainties. Delta reported profit despite rising costs as summer travel picks up. Fastenal said quarterly sales and earnings advanced but inventories surged.
