FedEx (FDX) gave investors a stark announcement on how business conditions continue to weaken on Thursday, withdrawing its full-year guidance while CEO Raj Subramaniam warned that global volumes “significantly worsened” and are likely to decline even further. Wall Street noticed: FedEx stock fell more than 21% on Friday following the […]
Earnings
HP earnings miss estimates as slowing economy takes its toll
The post COVID-19 PC hangover has found its way to the doorsteps of computing giant HP Inc. after making stops at rival Dell and chipmakers like Intel. HP saw fiscal third-quarter sales fall 4.1% from a year ago, pushed lower by a 32% decline in the number of notebook computer […]
Second quarter earnings have been solid. Energy gets all the credit.
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 12, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
Block, Inc.’s (NYSE:SQ) Core Business is Growing Despite the Mixed Q2 Earnings
First published on Simply Wall St News Summary: SQ quarterly earnings and net revenue declined by $412 million and 5.9% respectively. Growth from the Cash App is expected to continue on the 3-Yr CAGR trend of 83%. GPV expected to grow 23% in Q3. Still in the high-growth phase for […]