Hasbro reports 20% revenue drop, issues downbeat 2024 outlook
Hasbro now expects to cut $750 million in costs by the end of 2025, up from a previous target of $350 million to $400 million.
CNBC Earnings
Coca-Cola sales beat estimates, helped by higher prices
Coca-Cola sales rose as higher prices helped the beverage giant overcome lower volume in North America.
Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Restaurant Brands earnings beat expectations as Tim Hortons performed better than expected.
Biogen revenue and profit shrink on Aduhelm costs, slumping sales of multiple sclerosis therapies
The results come amid the rollout of Biogen and Eisai's Leqembi, the first drug found to slow the progression of Alzheimer's to win FDA approval.
Travel giant TUI smashes earnings expectations as investors decide on London exit
German travel giant TUI on Tuesday posted a quarterly operating profit of 6 million euros ($6.46 million) on the back of upbeat travel demand.
PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years
PepsiCo's revenue fell 0.5% in the fourth quarter, as it saw slower demand in North America.
Pinterest shares drop on weak outlook, revenue miss
Pinterest issued a weaker-than-expected forecast on Thursday and also missed on revenue.
Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
Fourth-quarter results and guidance for the current quarter came in higher than expected, with Cloudflare big deals adding up.
Spirit Airlines says it’s on the path back to profitability, with or without JetBlue
Spirit Airlines and JetBlue are appealing a federal judge's decision to block their planned merger.
Roblox shares rise 10% after company beats estimates and issues strong guidance
Roblox reported results for the fiscal fourth quarter and full year that beat consensus estimates on the top and bottom lines.
Arm shares soar as much as 41% after chip designer gives strong forecast, says AI is boosting sales
Arm's intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
PayPal issues disappointing guidance even as fourth-quarter earnings top estimates
PayPal reported fourth-quarter financials that topped analysts' estimates but provided guidance that came in slightly below Wall Street expectations.
Disney beats earnings estimates, hikes guidance as it slashes streaming losses
Disney reported earnings after the bell. Here are the results.
Yum Brands disappoints as Middle East conflict weighs on sales growth
Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023.
CVS beats estimates, but cuts full-year profit outlook on higher medical costs
The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from previous guidance of at least $8.50 per share.
Alibaba shares drop 5% after revenue miss, $25 billion boost to buyback plan
Alibaba missed market expectations for revenue in the December quarter but announced it is increasing the size of its share buyback program by $25 billion.
Uber beats estimates as revenue and bookings see double-digit growth
Uber reported fourth-quarter results Wednesday that beat analysts' estimates for revenue and profit.
Siemens Energy swings to profit on order surge, sale of Indian stake
Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate.
Snap plunges 30% on revenue miss and light guidance, as company says Middle East war creates 'headwind'
Snap reported weaker-than-expected sales for the fourth quarter and issued a forecast that came in a bit light of Wall Street's expectations.
Chipotle earnings crush estimates as restaurant traffic grows 7.4%
Chipotle blew past earnings estimates and topped revenue expectations as it said traffic grew 7.4%.
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