Lowe’s cut its full-year outlook Tuesday, as lumber prices fell, unfavorable weather hurt demand for seasonal merchandise and do-it-yourself customers bought fewer big-ticket items. Shares of...
Category: Earnings
Alibaba plans to list cloud division as quarterly revenue misses expectations
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg...
Foot Locker’s 27% plunge, guidance cut may signal trouble ahead for other retailers
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock...
Bath & Body Works’ stock surges after it raises guidance, beats on earnings
Bath & Body Works closed more than 10% higher Thursday after it beat fiscal first-quarter earnings expectations and raised its guidance. While sales and net income...