Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue
Spirit's expenses soared more than 66% compared with three years ago. Its fuel bill more than doubled.
CNBC Earnings
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
The Maryland biotech company cut its 2022 sales outlook by about 50% and now expects to generate $2 billion to $2.3 billion in revenue.
Allbirds 'dramatically' slows pace of new hires as loss widens
Allbirds announced cost-cutting efforts as the sustainable shoe maker reported wider loss compared with a year earlier.
Palantir shares fall more than 14% following earnings report
Palantir reported second-quarter results Monday that showed a loss per share compared with projections for earnings, but the company beat revenue expectations.
Nvidia warns on second-quarter revenue, shares dip
Nvidia shares dipped after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its outlook.
Robinhood cutting about 23% of jobs, releases second-quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.
Starbucks earnings beat Wall Street estimates, fueled by U.S. demand for cold drinks
Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion.
Airbnb stock slumps despite record-breaking bookings
Airbnb's revenue jumped 58% year-over-year to $2.1 billion helping to drive the company’s most profitable second quarter to date.
AMD beats on earnings and revenue, but third-quarter forecast comes in light
AMD currently has a significant market opportunity as its primary rival for PC and server chips, Intel, stumbles with execution.
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial services company
PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.
JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares
JetBlue posted a second-quarter loss and scaled back capacity growth plans.
Uber reports another big loss but beats on revenue, shares pop 19%
Uber reported a second quarter loss on Tuesday but beat analyst estimates for revenue.
Oil major BP boosts dividend as quarterly profits jump on high commodity prices
U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices.
Ferrari boosts full-year guidance after a record second quarter
Ferrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders.
Pinterest climbs on user numbers and Elliott investment even as financials disappoint
Pinterest shares jumped after the company's user numbers surpassed analysts' estimates in a gloomy quarter for social media.
Higher prices help Procter & Gamble offset commodity costs, but Tide maker warns of more challenges
Procter & Gamble reported mixed quarterly results and warned it expects challenges such as rising commodity costs to persist in its fiscal 2023.
Chevron, Exxon post record quarterly profits as commodity prices boom
Chevron and Exxon earned record profits during the second quarter of 2022.
Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon on Thursday reported second-quarter results that beat on the top line and issued rosy sales guidance for the third quarter.
Intel CFO says we're 'on the bottom' after company misses earnings and stock sinks
Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should bolster margins.
Apple beats on revenue and profit, expects growth to accelerate despite 'pockets of softness'
Apple reported earnings on Thursday for its fiscal third quarter ending in June.
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