Pier 1 Stock Plunges as Sales Slump Continues
The retailer is also closing a dozen more stores and could eventually "close up to 15% of our portfolio” of 967 stores.
Walgreens Stock Jumps 4% on Earnings Beat
“Following a difficult second quarter, we made progress in the third quarter against the strategic goals we set," CEO Stefano Pessina says.
Beyond Meat Sales Go Beyond Estimates in Q1
The company says its first earnings report since going public demonstrates "mainstream consumers' desire for plant-based meat products."
GameStop Shares Drop 29% After Dividend Halt
The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
‘Great’ Tax Season Drives Intuit Earnings Beat
The company's DIY tax prep software was particularly strong in the third quarter, with TurboTax Live users more than tripling year over year.
Pinterest Shares Dive on First Public Report
Pinterest's adjusted loss was three times worse than expected, taking some of the steam out of the stock's post-IPO surge.
Walmart Gets Big Sales Boost From E-Commerce
"Walmart is now a major competitive force in e-commerce and is capable of capturing shopper share from Amazon and others.”
Free-to-Play Games Weigh on Take-Two Sales
Take-Two's Q4 adjusted revenue missed estimates amid pressure from online and free-to-play video games such as Fortnite.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
Kellogg CFO to Step Down After Two Years
CFO Fareed Kahn's replacement, Amit Banati, is the head of the consumer product group's Asia, Middle East, and Africa business.
Apple Posts Record $11.5B in Services Revenue
The jump in digital services sales testifies to Apple's progress in selling other products to its installed base of iPhone users.