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Check out the companies making headlines before the bell:Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although
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Check out the companies making headlines before the bell:Kohl's (KSS) – Kohl's reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Revenue was better than expected, but the retailer noted a tough sales environment as well as higher costs. Kohl's shares fell
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Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles.
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Check out the companies making headlines before the bell:Target (TGT) – Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate. Revenue and comparable-store sales beat forecasts, but like rival Walmart yesterday, higher costs ate into
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Exterior view of a Walmart store on August 23, 2020 in North Bergen, New JerseyVIEW press | Corbis News | Getty ImagesCheck out the companies making headlines in midday trading.Walmart — Shares fell about 10.5% after the big-box retailer reported quarterly earnings that significantly missed Wall Street's expectations. Walmart posted
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Take a look at some of the biggest movers in the premarket:Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of
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A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many
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Dustin Cohn, chief marketing office of CadreSource: CadreGoldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has learned.The departure of Cohn, who is credited with helping name the firm's consumer division Marcus in 2016, is the latest in
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Vials labelled "COVID-19 Coronavirus Vaccine" and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading Tuesday.Johnson & Johnson — Shares of the pharmaceutical and consumer giant gained 3% after
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Take a look at some of the biggest movers in the premarket:Netgear (NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market
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