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
Posted: May 23, 2023 4:24 PM ET Microsoft Corp. co-founder Bill Gates thinks two stalwarts of Big Tech are as susceptible to the downsides of artificial intelligence as the millions of workers who could be displaced by the technology. In a discussion on Monday at an event hosted by Goldman Sachs and SV Angel, Gates … Read more
AutoZone on Tuesday reported fiscal third-quarter results that beat expectations, but the auto parts maker’s net sales and same-store sales were below consensus. AutoZone (ticker: AZO) posted third-quarter earnings of $34.12 per share, beating analysts’ estimates of $31.51. Net sales for the period were approximately $4.09 billion, slightly below the forecast of $4.12 billion. Domestic… … Read more
Peloton unveiled a new marketing strategy designed to capture new customers. The company is introducing a new tiered pricing structure for its digital app which includes a free membership option. “(We) are now leaning for the first time on the idea that OK, not everyone is going to bring high-end Peloton hardware into their house,” … Read more
A Lowe’s Home Improvement Warehouse employee retrieves carts from a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook on Tuesday as lumber prices fell and DIY customers bought fewer discretionary items. It lowered its forecast even as it beat Wall … Read more
A Lowe’s Home Improvement Warehouse employee retrieves carts from a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook on Tuesday as lumber prices fell and DIY customers bought fewer discretionary items. It lowered its forecast even as it beat Wall … Read more
The Nirvana frontman’s iconic left-handed electric guitar was smashed as the grunge pioneers recorded their seminal album Nevermind in the early 1990s. Cobain, who committed suicide in 1994 aged 27, was renowned for his frenetic live performances and smashed a number of Stratocasters during his hugely influential career. GARDENA, CA – May 2, 2023: Kurt … Read more
