Twitter Shares Jump 15% on Monthly User Surge
“Twitter is on a path to sustainable revenue growth and accelerated profit expansion," one analyst says.
Sonos Shares Dive on First Earnings Since IPO
The speaker maker's Q3 revenue fell 6% but its CEO says it is "focused on driving sustainable, profitable growth for the long-term."
General Mills Slashes Guidance, Stock Plunges
The cereal maker is now predicting full-year operating profit will fall as much as 6% due to higher-than-expected supply chain costs.
Hurricane Harvey Slows Consumer Spending
Consumer spending rose only 0.1% in August but "current economic conditions are heavily impacted by the effect of the recent hurricanes."
TripAdvisor Earnings Beat But Growth Flat
The online travel website "continues to struggle with its transition into travel bookings from a strictly travel recommendations site."
Big Q2 Loss Sends Fossil Shares Down 24%
The company announces the departure of CFO Dennis Secor as it reports growth in wearables could not offset declining traditional watch sales.
Finance Chief Gupta Joins Uber Exec Exodus
The head of finance is leaving the company amid a series of controversies that may delay an initial public offering.
Neiman Marcus Said to Be in Talks Over Sale
Canada's Hudson's Bay Company is reportedly interested in buying the iconic retailer, which has been struggling with the shift to online shopping.
Rite Aid Misses Estimates, Comp Sales Drop
Prescription reimbursement rates "remain our largest challenge and we expect that to continue for the remainder of the fiscal year," the company says.
Bed Bath & Beyond Shares Fall 10% on Earnings Miss
The retailer "still has a long runway ahead of it before it will realize the benefits" of its turnaround strategy, analysts say.
Oracle’s Cloud Sales Rise 62% But IaaS Lags
Total second-quarter revenue missed estimates as Oracle's “public cloud” infrastructure sales grew only 6%.