Darden Restaurants stock falls as Olive Garden reports slower growth
Darden Restaurants shares fell as the company missed quarterly earnings and revenue expectations, with Olive Garden’s same-store sales growth slowing to 1.1%.
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Levi Strauss raised full-year profit guidance following tariff refunds but lowered revenue growth expectations to 7%, citing softer direct-to-consumer performance.
PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
PepsiCo reported better-than-expected quarterly results driven by international growth, but lowered its full-year earnings forecast as North American operations underperform expectations.
J.B. Hunt stock plunges 13% after company warns third-quarter earnings will fall
J.B. Hunt stock fell 13% after the trucking company projected third-quarter earnings would decline 5% to 10% due to increased recruitment and fuel costs.
Here comes third-quarter earnings season. Booming profits could propel the S&P 500 to new heights
Third-quarter earnings season begins this week with analysts expecting nearly 30% year-over-year profit growth for the S&P 500, potentially driving stocks higher despite elevated bond yields.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell Technologies shares surged 9% after reporting fiscal second-quarter results that beat Wall Street expectations and raising its fiscal 2027 guidance significantly, driven by strong demand for AI servers.