#earningsreport

CHELLARAMS BLAMES N3BN LOSS ON FOREX CRISIS Summary: - Financial Results: Chellarams Plc reported a significant loss of N3 billion for the financial year ending March 2024, compared to a profit of N4.9 billion the previous year. - Main Factors for Loss: - Foreign Exchange Losses: The...

Nvidia (NASDAQ: NVDA) has been at the forefront of the artificial intelligence (AI) revolution, with its GPUs becoming essential for developing large language models and generative AI. This has led to a meteoric rise in Nvidia's stock, which has gained over 150% this year and more than 750%...

Cava (CAVA) delivered robust second-quarter results, exceeding Wall Street expectations across key metrics. The Mediterranean fast-casual chain reported a 35.2% year-over-year increase in net sales, reaching $233.5 million, surpassing the anticipated $219 million. Adjusted earnings per share...

TARGET'S STRATEGIC PRICE CUTS LEAD TO STRONG EARNINGS SURPRISE Target (TGT) delivered an impressive earnings report, significantly outperforming Wall Street expectations. The retailer's strategic decision to slash prices on 5,000 essential items—ranging from milk to meat—led to a noticeable...

Tapestry Inc., the luxury fashion house behind Coach, Kate Spade, and Stuart Weitzman, delivered better-than-expected results in its fiscal fourth quarter, even as it faces scrutiny over its proposed $8.5 billion acquisition of Capri Holdings. The company's net income declined by 28.9% to...

Overview: Walmart Inc. (WMT) shares surged over 7% on Thursday following the release of its second-quarter fiscal 2025 earnings report, which exceeded Wall Street's expectations and led the company to raise its full-year financial outlook. Despite a decline in net income, the retail giant’s...

Microsoft now considers OpenAI a competitor in AI and search. OpenAI announced a prototype of a search engine called SearchGPT. Microsoft has invested $13 billion into OpenAI. Microsoft has included OpenAI on its competitor list alongside Amazon, Apple, Google, and Meta. The relationship...

McDonald's (MCD) reported Q2 earnings that fell short of Wall Street estimates in terms of revenue, earnings, and same-store sales, highlighting the impact of challenging macroeconomic conditions on the fast food giant. Key Financials: Revenue: $6.49 billion, up 2.01% year-over-year, but below...

STMicroelectronics NV (NYSE: STM), a key supplier for Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL), reported its fiscal second-quarter 2024 earnings, revealing a significant revenue decline of 25.3% year-on-year to $3.23 billion, slightly above the analyst consensus estimate of $3.20...

Earnings: IBM reported Q2 earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.16 per share. This is an increase from $2.18 per share in the same quarter last year and represents a 12.50% earnings surprise. Revenue: The company posted revenues of $15.77 billion for the...

Chipotle (CMG) reported strong Q2 2024 results, exceeding Wall Street's expectations across all major metrics, including revenue, earnings, and same-store sales. Key highlights from the report include: Revenue: $2.97 billion, up 18.2% year-over-year, versus the expected $2.94 billion. Adjusted...