BlackRock profit beats as ETF demand holds up against market rout
BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout.
Dollar General lifts sales forecast as inflation-hit Americans drive demand
Dollar General Corp (DG.N) lifted its annual comparable sales forecast on Thursday, encouraged by Americans flocking to discount store chains for everything from groceries to household supplies in the face of higher inflation.
Accenture tempers 2022 profit view due to stronger dollar
IT services company Accenture Plc forecast fourth-quarter revenue below expectations and tempered its fiscal 2022 profit forecast on Thursday, threatened by rising inflation and the impact of a stronger dollar on its overseas earnings.
Dell expects PC backlog to balloon in Q1 amid supply chain snarls
Dell Technologies Inc (DELL.N) said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares down 7% in extended trading.
EBay forecasts bleak quarter as online shopping frenzy wanes
EBay Inc (EBAY.O) on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company’s shares down nearly 9% in extended trading.
IBM marks strong start to new chapter as cloud revenue booms
IBM (IBM.N) on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business.
