Dollar Tree shares plunged nearly 15% in early trading Thursday after the company fell short of Wall Street earnings expectations for the latest quarter and cut its earnings outlook for the entire year. Here’s how the discounter fared in its first fiscal quarter compared to what Wall Street expected, based on a Refinitiv analyst survey: … Read more
Shares of Snowflake fell sharply in premarket trading on Thursday after the cloud-based data warehousing company reported strong results for the fiscal first quarter ended April, but offered a disappointing outlook for the third quarter. July, while reducing its forecast for the fiscal year ending in January 2024. . Snowflake (ticker: SNOW) was down 14% … Read more
Last updated: May 24, 2023 at 4:35 p.m. ET First published: May 24, 2023 at 4:32 p.m. ET Executives from Nvidia Corp. predicted record earnings far beyond anything the company saw on Wednesday, pushing the stock into record territory. Nvidia Guided NVDA to $11 Billion Q2 Revenue, Plus or Minus 2%; the chipmaker has never … Read more
Citigroup on Wednesday announced plans to pursue an initial public offering from its Mexican company, Banamex, formalizing a long-telegraphed spinoff. The bank expects to complete the separation in the second half of 2024, with a public offering likely to follow in 2025, it said. Jane Fraser, CEO of Citigroup Inc., during an interview for an … Read more
