(Reuters) -Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. The company’s shares, which have already fallen about 22% this year, were down 7% in extended trading. Once pandemic-related restrictions were lifted in the United States, people initially splurged on affordable […]
Stocks ease past Nvidia blues, crude oil rebounds
By Chibuike Oguh NEW YORK (Reuters) -Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia’s results, while oil prices rebounded from two sessions of losses helped by Libyan supply disruptions. The Dow reached a fresh record high close, while the S&P 500 finished just below its July record close […]
Dell beats second-quarter results estimates on strong AI server demand
(Reuters) -Dell Technologies beat Wall Street estimates for second-quarter revenue and profit on Thursday, driven by strong demand for its AI-powered servers amid a recovering personal computer market. Shares of the Round Rock, Texas-based company rose 3.3% in extended trading. Dell has capitalized on increasing demand for its AI servers, which are powered by Nvidia’s […]
Lululemon cuts annual forecasts on tepid US demand, rising competition
By Savyata Mishra (Reuters) – Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops. Its shares, which have lost nearly half of their value this year, reversed early losses to rise 2.3% after the bell, […]