Lyft shares plunge 15% on weak second-quarter guidance
Lyft reported better-than-expected revenue for the first quarter, but the company's guidance spooked investors
CNBC Earnings
Pfizer earnings and revenue top expectations despite Covid vaccine sales decline
Pfizer's quarterly earnings topped analysts' expectations, despite a sales decline driven by the lower demand for the company's Covid vaccine.
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
The salad chain's traffic increased 2% during the quarter, helping boost same-store sales by 5%.
Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
Paramount Global shares fall over 28% after weak earnings report, dividend cut
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Peloton shares plunge after company reports wider-than-expected loss
Peloton reported subscription growth despite its ninth straight quarter of losses.
Ferrari profit jumps 24% as demand pushes waiting list into 2025
Ferrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.
Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
The beer industry demonstrated "resilience even in the context of an ongoing inflationary environment," the biggest brewer in the world said.
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals
Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.
Qualcomm gives light forecast, phone chip sales fall 17%
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
Yum Brands earnings miss estimates despite KFC and Pizza Hut's recovery in China
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
CVS beats on earnings and revenue but lowers profit outlook
CVS lowered its earnings outlook due to costs associated with recent acquisitions.
AMD revenue drops 9% as PC chip sales decline sharply
AMD's report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC.
Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
Ford is reporting its quarterly financial results by business unit, instead of by region, for the first time.
Starbucks earnings beat as China reverses same-store sales declines
Starbucks said its same-store sales climbed 11% in its fiscal second quarter.
Restaurant Brands earnings beats estimates, fueled by Tim Hortons' and Burger King's strong sales
Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.
Uber revenue beats expectations and the stock is up
Uber reported first-quarter results Tuesday that beat analysts' expectations for revenue.
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