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Earnings Report

FedEx reinstates 2022 profit target, shares soar

U.S. delivery firm FedEx Corp reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits ahead of the peak holiday season when the number of packages it handles often doubles.

Oracle forecasts upbeat third quarter as IT spending rebounds

Enterprise software maker Oracle Corp forecast current-quarter profit and revenue above market estimates on Thursday after posting upbeat results for the second quarter, helped by higher tech spending from businesses looking to support hybrid work.

GameStop shares fall as video game retailer's losses widen

GameStop shares are down more than 4% in premarket trading after the company's losses widened to $105.4 million, or $1.39 per share, in the third quarter, up from a loss of $18.8 million, or 29 cents per share, a year earlier.

Deere results little hurt by five-week strike

Deere & Co.’s quarterly results showed minimal fallout from its recent workers’ strike, as it forecast continued strong sales of farm and construction equipment at higher prices next year.

Dollar Tree doubles down on pricing items over $1

The discount retailer says the move to $1.25 will allow it to "materially expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials." Additionally, Dollar Tree emphasizes it will be able to reintroduce items that were previously discontinued due to the constraints of the $1 price point.