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Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCHuawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated.Huawei reported revenue for…
Lululemon shares drop more than 10% as CEO says inflation, economic concerns are weighing
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesLululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed…
FedEx cuts full-year results forecast on ‘uncertainty’ in economy, bad weather
A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on Feb. 12, 2025 in Miami, Florida.Joe Raedle | Getty ImagesFedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery…
Micron shares jump on earnings beat, rosy guidance as data center revenue triples
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesMicron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat…
Nike sales fall during key holiday quarter, driven by 17% plunge in China
Nike beat Wall Street's expectations for its key holiday quarter but sales were down 9% across the business, driven by weakness in China.During the quarter, sales fell 17% in the key region to $1.73 billion, falling short of expectations…
Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss
The Olive Garden logo is displayed on the front of an Olive Garden Italian restaurant in Edmonton, Alberta, Canada, on February 15, 2025. Artur Widak | Nurphoto | Getty ImagesDarden Restaurants on Thursday reported weaker-than-expected…
Tencent fourth-quarter profit surges 90% on gaming and advertising boost
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday posted a fourth-quarter beat on top and bottom…
More Americans with college degrees are working multiple jobs, Fed report finds
Simon2579 | E+ | Getty ImagesStephen Gilliam works 40 hours a week as a graphic designer for a government contractor.In the evening, Gilliam comes home, eats dinner and takes a little break. He then opens his laptop and works on…
Oracle misses on earnings and issues weak revenue guidance
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.David Paul Morris | Bloomberg | Getty ImagesOracle issued quarterly results on Monday that…
Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025.Martin Schutt | picture…