Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making "significant strides" toward profitability on a monthly basis by the second half of 2023, the firm said.
Gap reports another quarter of losses but margins are a bright spot
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.
Best Buy shares rise on earnings beat, even as electronics sales slow
Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.
Snowflake shares plunge 12% on guidance miss, acquisition of search startup Neeva
Snowflake beat on the top and bottom lines for the fiscal first quarter, but it gave product revenue guidance that missed consensus estimates.
American Eagle Outfitters shares plunge, as retailer lowers forecast
The mall-based retailer's results diverged from Abercrombie & Fitch's earlier in the day.
Nvidia shares spike 18% on huge forecast beat driven by A.I. chip demand
Nvidia is the top provider of advanced GPU chips for artificial intelligence.
Abercrombie & Fitch surges 18% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging.
Chinese Tesla rival shares dive 5% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.