FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit
FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.
Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results
Growth in Adobe's digital media business is driving higher profit expectations.
GitLab loses one-third of its value after software company issues weak revenue forecast
GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.
United shares tumble after airline forecasts first-quarter loss
United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher costs.
Luxury automaker Porsche issues growth outlook after record 2022 earnings
Luxury carmaker Porsche AG sets long-term target of more than 20% of return on sales.
BMW expects higher margin and deliveries in 2023 amid electric rollout
The company plans to deliver 10 million fully electric vehicles by 2030.
Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets
Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness products.
Oracle shares sink nearly 5% after third-quarter revenue miss
Oracle reported fiscal third quarter 2023 revenue that missed analyst expecations.