Cisco's stock drops despite earnings, revenue beat
Cisco shares dropped in extended trading on Wednesday despite a better-than-expected earnings report and a revenue forecast that sailed past estimates.
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'Tougher times ahead': Don't expect blowout returns to continue, CEO of $2.3 trillion fund warns after record first half
Investors shouldn't expect the bumper gains returned by the equity market so far this year to continue, the CEO of the world's largest sovereign wealth fund told CNBC on Wednesday.
Read more →Chinese tech giant Tencent posts revenue beat on accelerating games sales, AI-driven ads
Tencent posted a beat on second-quarter revenue thanks to an acceleration at its China gaming unit and AI-driven advertising, but its core profit missed analyst expectations.
Read more →We're lifting our price target on Cardinal Health after issuing rosy profit guidance
We're lifting our price target on Cardinal Health after issuing rosy profit guidance The quarter wasn't totally clean, but strong profitability matters the most. Read at source
Read more →Hotel giant says ‘growing middle class’ boosted hotel demand despite Middle East hit
Global hotel giant IHG told CNBC a "growing middle class" is boosting travel demand, as it reported a boost in profits despite the Middle East conflict.
Read more →Here’s how we played the massive rebound in AI stocks this week
Here’s how we played the massive rebound in AI stocks this week AI stocks roared back to help lift two of the major averages to fresh records. Read at source
Read more →Allianz shares fall as core net income miss offsets record operating profit
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Read more →Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Sweetgreen on Thursday cut its full-year outlook and is now projecting steeper same-store sales declines due to diner fears of eating fresh produce during the ongoing cyclospora outbreak.
Read more →Airbnb stock soars 12% on earnings and revenue beat, strong guidance for third quarter
Airbnb reported second-quarter results that topped analysts' estimates and issued a better-than-expected forecast for the current period, citing strong demand "across all regions." The stock jumped 9% in extended tradin…
Read more →Savers Value Village thrift store launches new AI tool to price items
Savers Value Village is launching a new platform leveraging artificial intelligence to help optimize product pricing, the company told CNBC exclusively, as the tricky-to-price thrift segment gains traction around the wo…
Read more →Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery on Thursday said it saw record-breaking revenue growth in its streaming segment, anchored by HBO Max, ahead of increased scrutiny over its proposed merger with Paramount Skydance.
Read more →Restaurant Brands International earnings beat as Burger King's U.S. business soars
Restaurant Brands International on Thursday reported quarterly earnings that topped analysts' expectations, fueled by strong growth for the once-struggling Burger King, both domestically and abroad.
Read more →Peloton posts first-ever annual net profit, but shares drop as outlook disappoints
Peloton delivered its first full year of net profit and operating income in fiscal 2026, but said it expects sales to fall in the coming fiscal year as it begins to lap price increases on its hardware and subscription p…
Read more →Applovin stock tanks on Q2 revenue miss
Shares of adtech giant Applovin tanked 17% on Thursday following a second-quarter revenue miss.
Read more →7 Gold Stocks to Buy and Hold if Bullion’s Rebound Continues
Gold is glittering, and it is time to make the most of it. While last year was a strong year for the precious metal, and has started 2026 even stronger. And after a recent pullback, prices have recovered with the market…
Read more →Rheinmetall stock volatile after trimming guidance as Germany's F126 warship cancellation hits sales outlook
Rheinmetall on Thursday trimmed its 2026 guidance after a cancelled project to make large warships for the German government fell through earlier this year.
Read more →E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
E.l.f. Beauty's profits nearly doubled during its fiscal first quarter thanks to a windfall of cash it received in tariff refunds from the federal government, the company said Wednesday.
Read more →We're increasing our Eli Lilly price target after another beat-and-raise quarter
The strength of its GLP-1 business suggests the stock still has more room to run.
Read more →How Disney parks are bucking a travel slowdown
Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company's experiences division on Wednesday.
Read more →Tanger CEO says World Cup drove up traffic, sales this summer
Tanger CEO Stephen Yalof said the store operator saw traffic increase in June and July due to international and domestic tourism tied to the World Cup.
Read more →Disney tops earnings estimates as parks and streaming offer a boost
Disney reported growth at its domestic theme parks and cruises despite mounting macroeconomic uncertainty for consumers.
Read more →CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.
Read more →Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge
Eli Lilly on Wednesday reported second-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro…
Read more →Novo Nordisk CEO defends economics of Wegovy pill as lower prices weigh on sales; shares fall 5%
Wall Street isn't convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies.
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