Earnings live: Best Buy stock jumps despite softer holiday demand, Target stock rises

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the S&P 500's fifth consecutive quarter of double-digit earnings growth.Nvidia's report was the marquee event this week, offering a crucial update on demand for high-tech AI chips — a big part of the hundreds of billions of dollars its Big Tech peers are spending on AI investments. Salesforce (CRM), Home Depot (HD), and Lowe's (LOW) were among the notable companies reporting this week as well.In the week ahead, a mix of retail companies, including Target Corporation (TGT), plus a number of others, such as CrowdStrike (CRWD), Broadcom (AVGO), Costco (COST), and Alibaba Group (BABA), will help round out the quarter.LIVE 237 updates25 mins agoGrace O'DonnellTarget sales fall 2.5% during holiday quarter to cap 'challenging' 2025 as new CEO takes overYahoo Finance's Brooke DiPalma reports:Read more here.42 mins agoBrooke DiPalmaBest Buy posts same-store sales decline as consumer demand softened in key holiday quarterBest Buy (BBY) reported a surprise sales slump in its key holiday shopping season.Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth."Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday quarter," Best Buy CEO Corie Barry said in the release.It expects first quarter same-store sales to return to growth, rising 1%.Revenue for the fourth quarter totaled $13.81 billion, less than the $13.88 billion Wall Street had expected, per Bloomberg consensus data. Adjusted earnings per share came in higher at $2.61, more than the $2.46 the Street predicted. Best Buy stock is down more than 30% in the past year.For the full year, revenue came in at $41.69 billion, just below the $41.76 billion Wall Street predicted. Adjusted earnings per share came in at $6.43, $0.12 above Wall Street's estimates for $6.31.For the year, same-store sales grew 0.5%, less than the 0.9% increase Wall Street was looking for.For 2027, the company expects revenue to come in the range of $41.2 billion to $42.1 billion, alongside same-store sales that are expected to fall in a range between a 1% decline and 1% rise for the year.Adjusted earnings per share are expected to be in a range of $6.30-$6.60.Mon, March 2, 2026 at 9:21 PM UTCGrace O'DonnellMongoDB stock plunges after Q4 resultsMongoDB (MDB) stock plummeted 20% after the software company predicted a profit loss for the upcoming yearFor fiscal year 2027, MongoDB forecast a loss per share of $0.73 to $0.49, though it was narrower than the $1.05 loss the Street was expecting, according to S&P Global Market Intelligence. 2026 revenue is expected to come in between $2.86 billion and $2.90 billion, compared to estimates for $2.43 billion.Still, MongoDB reported better-than-expected results for the fourth quarter.Earnings per share ticked down a cent from a year ago, coming in at $0.18 per share for the fourth quarter, which was higher than the $0.03 loss Wall Street was expecting. Revenue increased 27% year over year to $695.1 million, beating estimates of $669 million.Listen to the earnings call here at 5 p.m. ET.Correction: This post was updated to correct the figures of MongoDB's full-year profit and revenue guidance.Mon, March 2, 2026 at 2:53 PM UTCGrace O'DonnellNorwegian Cruise Line stock drops on guidance miss, Middle East war effectsNorwegian Cruise Line Holdings (NCLH) stock fell 10% in early trading on Monday after the company's fiscal 2026 guidance came in short of analyst estimates.For 2026, Norwegian Cruise Line forecast earnings per share of $2.38, whereas Wall Street analysts were looking for $2.60 per share. The company expects full-year adjusted EBITDA of around $2.95 billion and adjusted net income of approximately $1.12 billion.The spike in oil prices due to the war in Iran also weighed on cruise stocks Monday, as cruise operators and airlines are expected to face higher fuel costs due to the conflict choking off oil supplies flowing through the Strait of Hormuz.Investing.com reports:Read more here.Mon, March 2, 2026 at 2:48 PM UTCGrace O'DonnellADT stock sinks as revenue comes in lightADT (ADT) stock dropped 10% on Monday morning after the security company's fourth quarter revenue fell short of expectations. ADT also said it expects revenue and earnings per share growth to be flat in 2026 as it prioritizes balancing its cash flow and share repurchases.ADT reported that its sales grew 1.3% year over year to $1.27 billion in Q4, whereas the Street was hoping for sales of $1.29 billion. Earnings per share of $0.17 also missed estimates of $0.21 per share analysts were expecting.ADT said the number of sales for its monitoring security systems decreased during the quarter, which was offset by higher prices.The company also said it's focused on improving its free cash flow and expects adjusted free cash flow growth of approximately 20% in 2026 compared to 2025. However, the company said it expects little to no revenue and adjusted earnings per share growth as it makes investments in growth initiatives.Fri, February 27, 2026 at 6:49 PM UTCIris WinslowDuolingo prioritizing user growth 'above everything else,' CEO says as stock gets smokedDuolingo (DUOL) stock plummeted as much as 25% on Friday after the company offered downbeat guidance for 2026 despite beating analysts' expectations on Q4 earnings. The company said it's shifting focus from monetizing its language-learning app to growing the subscriber base.While daily active users and subscriptions were up 30% and 28% year over year, respectively, that growth slowed throughout 2025 and is expected to decelerate further this year.CEO Luis Von Ahn told Yahoo Finance on Friday that more than 15 million people have a Duolingo streak longer than 365 days, and growing that dedicated user base is a priority. Von Ahn said artificial intelligence is a major driver of the company's pivot to user growth."We think that over the next few years, the way people learn is going to change quite significantly," Von Ahn said, adding that "the most important thing we can do is capture as much of the market as we can, entice as many users to use Duolingo as possible … and we're prioritizing that pretty much above everything else."Duolingo reported fourth quarter revenue of $282.9 million, up 35% year over year and ahead of the $275.74 million estimated. Adjusted earnings per share came at $0.84, versus the $0.83 estimate. The company's 2026 outlook, however, landed well short of the $1.26 billion estimated, with full-year revenue guidance of $1.20 billion-$1.22 billion.Fri, February 27, 2026 at 1:53 PM UTCJenny McCallFlutter stock falls on slow NFL season, prediction-markets threatFlutter Entertainment's (FLUT) stock fell 12% before the bell on Friday after reporting disappointing revenue. The sports-betting operator reported revenue of $4.74 billion last quarter, below the $4.93 billion projected by analysts.The Wall Street Journal reports:Read more here. Fri, February 27, 2026 at 11:36 AM UTCJenny McCallDuolingo shares sink after issuing poor 2026 guidanceDuolingo Inc (DUOL) shares sank 25% before the bell on Friday after reporting fourth quarter earnings, which beat analyst expectations, but issued disappointing guidance for 2026. The company said it is changing its strategy to prioritize user growth over near-term profitability.Investing.com reports:Read more here. Thu, February 26, 2026 at 10:03 PM UTCGrace O'DonnellC3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money'Yahoo Finance's Francisco Velasquez reports:Read more here.Thu, February 26, 2026 at 9:58 PM UTCGrace O'DonnellIntuit expects profit below estimates on higher marketing spend during US tax seasonIntuit (INTU) stock fell about 2.5% in after-hours trading as the company's fiscal third quarter profit forecast disappointed investors.The third quarter is usually Intuit's strongest, as more users turn to the company for tax help; however, the company said it expects to spend more on marketing to attract customers to its tools, such as TurboTax.Reuters reports:Read more here.Thu, February 26, 2026 at 9:51 PM UTCGrace O'DonnellBlock stock soars after Jack Dorsey goes all-in on AI, cuts nearly half of workforceBlock (XYZ) shares surged more than 22% in extended trading after Jack Dorsey announced the payments company would lay off nearly half of its staff as part of a major bet in artificial intelligence that came alongside the release of its fourth quarter earnings report."Today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. That means over 4,000 of you are being asked to leave or entering into consultation," Dorsey wrote in a post on X."Something has changed," Dorsey wrote, framing the decision as a risk intended to position the company for long-term growth. He cited new artificial intelligence tools that can automate work as the reason for the shift, noting that AI is "enabling a new way of working which fundamentally changes what it means to build and run a company."In the fourth quarter, Block reported adjusted earnings per share of $0.65, in line with Wall Street estimates. Revenue of $6.25 billion slightly beat expectations of $6.21 billion, according to S&P Global Market Intelligence.Block also raised its full-year guidance. The company, which supports the CashApp and Square platforms, said it expects gross profit growth of 18% year over year in 2026 and adjusted operating income of $3.20 billion or 26% margin.Thu, February 26, 2026 at 9:36 PM UTCIris WinslowCoreWeave beats quarterly revenue estimates on strong AI-related demandReuters reports:Read more here.Thu, February 26, 2026 at 9:34 PM UTCBex EvansDell forecasts fiscal 2027 revenue above estimates on rising AI server demandReuters reports:Read more here.Thu, February 26, 2026 at 1:42 PM UTCGrace O'DonnellNutanix shares gallop higher on strong earnings, AMD investmentCloud computing provider Nutanix (NTNX) reported strong earnings and announced a multiyear deal with AMD (AMD) on Wednesday, sending the stock more than 15% higher in premarket trading on Thursday.For the fiscal second quarter, Nutanix reported adjusted earnings per share of $0.56 for the quarter on revenue of $722.8 million. Wall Street analysts were looking for earnings per share of $0.44 on $709.7 million in revenue, according to S&P Global Market Intelligence.For the full year, Nutanix said it expects revenue of $2.80 billion to $2.84 billion and a non-GAAP operating margin of 21% to 22%.Nutanix's new multiyear partnership with AI chipmaker AMD also boosted shares on Thursday as the two companies seek to develop a platform for enterprise agentic AI. AMD said it will invest $250 million in Nutanix shares and joint R&D and go-to-market efforts, and the equity investment is expected to close in the second quarter of 2026.AMD stock slid 1.5% following the announcement and earnings from its rival Nvidia (NVDA).Read more here.Thu, February 26, 2026 at 1:06 PM UTCJenny McCallBitcoin miner tied to Trump family pummeled by crypto crashAmerican Bitcoin (ABTC), which is backed by two of President Trump's sons, reported a $59 million loss in its fourth quarter earnings on Thursday. The results have come amid a stock and crypto sell-off, wiping out almost 90% of the firm's market value since September. The company's stock price rose 3% before the bell today following the news.Bloomberg News reports:Read more here. Thu, February 26, 2026 at 1:05 PM UTCGrace O'DonnellCelsius surges on strong fourth-quarter revenue beatShares of Celsius Holdings (CELH) jumped more than 12% in premarket trading on Thursday after the energy drink maker reported better-than-expected fourth quarter earnings as its acquisitions of Rockstar Energy and Alani Nu drove momentum in the business.Investing.com reports:Read more here.Thu, February 26, 2026 at 12:54 PM UTCGrace O'DonnellStellantis reports massive $26.3 billion loss but improving second half results as turnaround slowly beginsYahoo Finance's Pras Subramanian reports:Read more here.Thu, February 26, 2026 at 12:50 PM UTCJenny McCallJ.M. Smucker stock rises after Q3 earnings beat, but issues weaker full-year sales outlookJ.M. Smucker (SJM) stock rose 7% before the bell on Thursday after third quarter earnings beat analyst expectations. The company did, however, report a weaker full-year sales outlook, citing a recent fire at one of its manufacturing facilities.AP reports:Read more here. Thu, February 26, 2026 at 12:03 PM UTCJenny McCallQnity forecasts upbeat full-year earnings as AI boom boosts demandReuters reports: Read more here. Wed, February 25, 2026 at 10:58 PM UTCGrace O'DonnellNvidia CEO: 'We are close' to finalizing agreement with OpenAINvidia CEO Jensen Huang said the company is "close" to finalizing its agreement with OpenAI (OPAI.PVT)"We continue to work with OpenAI toward a partnership agreement, and believe we are close," Huang said. "We are thrilled with our ongoing partnership with OpenAI, a once-in-a-generation company we've had the pleasure of partnering with since their first days."In September 2025, Nvidia said it planned to invest $100 billion in OpenAI to support artificial intelligence infrastructure. But in early February, Huang said that the $100 billion was “never a commitment,” and a few weeks later, the Financial Times reported that the company was close to finalizing a $30 billion deal to replace the $100 billion one.On the earnings call, Nvidia executives touted that "just about every startup in the world is working on Nvidia's ecosystem." 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