FedEx hikes package rates, details cost cutting as demand weakens globally
FedEx announced rate hikes and detailed its cost-cutting efforts after warning last week it was seeing demand weaken globally.
Olive Garden sales fall short, but parent company Darden stands by outlook
Darden Restaurants reported mixed quarterly results but still reiterated its outlook for fiscal 2023.
FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint
FedEx withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments.
Oracle reports 18% revenue growth after Cerner deal closes
Oracle said electronic health-record software maker Cerner contributed $1.4 billion to quarterly revenue.
GameStop reports wider loss, announces partnership with crypto exchange FTX
GameStop said quarterly sales declined and losses widened, as its inventory of video game equipment and more swelled.
Nio reports wider second-quarter loss despite increase in EV shipments
Nio's second-quarter loss widened, but the company expects higher production and deliveries in the third quarter.
Lululemon jumps after it boosts outlook and posts strong earnings beat
Lululemon reported second quarter earnings after the bell on Thursday.
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.