Third-quarter revenue of $3.74 billion came in below what analysts had expected, marking the company’s first revenue miss in four years.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Consumer pessimism is in the spotlight as a the key University of Michigan survey releases today, but Costco earnings paint a rosier picture.
Shares in the membership-based retailer fell 4.1% on Thursday after a June sales update failed to meet Wall Street’s lofty expectations.
The retailer has now seen year-over-year visit growth for six consecutive months through April, according to data analytics firm Placer.ai.
Through August, Wall Street began rotating into small cap companies and sectors outside the bounds of the AI trade.
A slew of retail company earnings reports last week raised the spectre of sapped spending as executives discussed tariffs.
Three days into a historic work stoppage, dockworkers at East and Gulf Coast ports reached a tentative deal with their employer.
After a runup of nearly 8% in the past six weeks, the market and its Big Tech drivers appear to be taking a break.
Some glum news from both the PC and semiconductor sector has tech investors feeling a little more cautious.