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Broadcom says it will sell billion in AI parts and custom chips this year

Broadcom says it will sell $12 billion in AI parts and custom chips this year

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom reported third fiscal quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 5% in extended trading. Here’s how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4: Earnings per share: $1.24, adjusted versus […]

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Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election

Business News

A Dick’s Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California. Kirby Lee | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday blew past Wall Street’s earnings estimates in its fiscal second quarter and while the retailer did raise its full-year guidance as a

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Dollar Tree shares slide after discounter cuts full-year forecast

Business News

A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty Images Shares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. The retailer

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Ulta misses Wall Street expectations, trims guidance after quarterly sales decline

Business News

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares fell 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. It was

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MongoDB shares surge 15% on guidance boost

Technology News

Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per share: 70 cents adjusted vs. 49 cents expected Revenue: $478.1

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Lululemon cuts guidance, misses sales estimates after botched product launch

Business News

Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29. Yuki Iwamura | Bloomberg | Getty Images Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly

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Dell beats estimates as server sales soar 80%, riding AI wave

Technology News

Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 5% in extended trading. Here’s how the company did for

Dell beats estimates as server sales soar 80%, riding AI wave Read More »

Gap shares halted after apparent early earnings release

Business News

Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported

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American Eagle saw profits grow nearly 60% as costs come down

Business News

A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lower product costs. The company’s shares

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Best Buy raises full-year profit guidance after earnings and revenue beat

Business News

People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Spencer Platt | Getty Images Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer now expects to see full-year adjusted earnings per share in

Best Buy raises full-year profit guidance after earnings and revenue beat Read More »

Broadcom says it will sell $12 billion in AI parts and custom chips this year

Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election

Dollar Tree shares slide after discounter cuts full-year forecast

Ulta misses Wall Street expectations, trims guidance after quarterly sales decline

MongoDB shares surge 15% on guidance boost

Lululemon cuts guidance, misses sales estimates after botched product launch

Dell beats estimates as server sales soar 80%, riding AI wave

Gap shares halted after apparent early earnings release

American Eagle saw profits grow nearly 60% as costs come down

Best Buy raises full-year profit guidance after earnings and revenue beat

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