results – Our Story Insight

United Airlines CEO says fuel prices will hit first-quarter results

admin — Fri, 06 Mar 2026 13:40:04 +0000

Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City.

Michael M. Santiago | Getty Images

BOSTON — United Airlines CEO Scott Kirby said the spike in fuel prices since the U.S. and Israel attacked Iran on Saturday will have a “meaningful” impact on the carrier’s financial results this quarter, but he added that demand has been resilient.

Jet fuel, airlines’ biggest expense after labor, has surged 58% since last Friday, going for $3.95 a gallon on Thursday, according to the Argus U.S. Jet Fuel Index.

“If it continues we’ll feel it in Q2 also,” Kirby said after an event Thursday afternoon where he discussed the future of air travel at Harvard John A. Paulson School of Engineering and Applied Sciences.

United, like most major U.S. carriers, doesn’t hedge fuel, a practice where airlines or other companies lock in prices using futures contracts or other products. A Boeing 737-800 can hold 6,875 gallons of fuel, according to a manufacturer guide.

“No one hedges anymore and even if you do, hedging the crack spread is really hard to do,” Kirby said. The crack spread is the difference between the price of crude oil and products like gasoline.

When asked when the higher fuel costs will start affecting airfares, Kirby said it will “probably start quick.”

He added that travel demand has been resilient over all, with booked revenue up 20% from a year ago. Demand “has not taken even a tiny step back,” he said.

Lucid (LCID) Q4 2025 results

admin — Wed, 25 Feb 2026 04:57:36 +0000

A Lucid Gravity coming off the line at the company’s factory in Casa Grande, Arizona.

Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles.

The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also revised its 2025 production results due to internal validation issues, but guided for a notable increase in vehicle production this year.

Here’s how the company performed in the fourth quarter compared with average estimates compiled by LSEG:

Loss per share: $3.62 vs. a loss of $2.62 cents expected
Revenue: $523 million vs. $468 million expected

Lucid’s results come days after the company laid off 12% of its U.S. salaried workforce in an effort to streamline operations and “operate with greater efficiency and deliver on our commitments to gross margin improvement and long term growth,” according to a statement from the company.

Interim Lucid CEO Marc Winterhoff described the cuts Tuesday to CNBC as a needed realignment of the company’s workforce amid broader market and economic concerns as well as needed gains in efficiency.

“We are adjusting and going to a level where we think we want to be and need to be,” he said. “But it’s nothing that will continue in the future.”

For 2026, the company announced a vehicle production target of between 25,000 and 27,000 units. That would mark an increase of roughly 40% to 51% compared with the year-end figures the company released Tuesday.

Lucid said the revision for the year — from 18,378 units to 17,840 units — came as “538 vehicles had not completed certain internal procedures required under its final validation process to be classified as produced.”

The company said the vehicles are expected to be completed this year, with the change not affecting its previously reported financial results.

Winterhoff described the expected growth as “healthy,” but not “outrageous” given the current slowdown in overall vehicle sales, including EVs.

“Our initial plans were higher, but we wanted to really be conservative and make sure that we are hitting the numbers that we are projecting,” he told CNBC.

Lucid is expected to begin production of a new, less expensive midsize vehicle at the end of this year, but Winterhoff said it will not be material to its 2026 production plans. He said the automaker’s Gravity SUV is expected to account for the majority of its production and sales this year, followed by the Air sedan. The company also plans to launch its first Lucid robotaxis with previously announced partners.

Winterhoff said the company’s main priorities this year are achieving its production target, growing sales, continuing efficiency gains and preparing for production of the midsize vehicle and robotaxis.

“We really want to make sure that we [are] on our path to profitability, make sure that we’re not spending money that we don’t have to. That’s very, very important,” he told CNBC.

Lucid has yet to say when the company expects to be profitable. It is scheduled to host an investor day on March 12 in New York.

Lucid said it ended last year with approximately $4.6 billion in total liquidity, which Lucid CFO Taoufiq Boussaid said was “strong” and would provide flexibility “to execute near-term objectives while investing in future growth.”

Lucid reported a net loss of $2.7 billion in 2025, in line with a $2.71 billion loss a year earlier. That includes more than doubling its year-over-year losses during the fourth quarter to $814 million. It reported a loss of $12.09 per share for the year.

The company’s 2025 revenue was up 68% to $1.35 billion, including more than doubling year-over-year results during the fourth quarter.

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Super Micro shares fall on weak preliminary results

admin — Thu, 23 Oct 2025 16:29:25 +0000

Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023.

Walid Berrazeg | Sopa Images | Lightrocket | Getty Images

Super Micro Computer shares fell 6% on Thursday after the company released weak preliminary results for its fiscal first quarter of 2026.

The server maker said it expects to report $5 billion in revenue for the quarter, down from the $6 billion to $7 billion guidance that the company had previously issued.

Super Micro said “design win upgrades” pushed some expected first-quarter revenue to the second quarter.

“We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more.” Super Micro CEO Charles Liang said in a statement.

Super Micro said it has had “recent design wins” of more than $12 billion, and that delivery has been requested during its fiscal second quarter.

The company will provide further updates on its expected second-quarter deliveries and revenues during its earnings call on Nov. 4, when it will officially report its first-quarter results.

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Super Micro year to date stock chart.

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Trade Desk tanks on CFO departure, Q2 results and Amazon competition

admin — Sun, 10 Aug 2025 18:17:00 +0000

Jeff Green, CEO of The Trade Desk.

Scott Mlyn | CNBC

Shares of The Trade Desk plummeted 39% on Friday, their worst day on record, after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon.

The Trade Desk, which went public in 2016, suffered its steepest prior drop in February, when the shares fell 33% on a revenue miss. In its second-quarter earnings report late Thursday, the company beat expectations on earnings and revenue, but the results failed to impress investors.

The Trade Desk, which specializes in providing technology to companies that want to target users across the web, said finance chief Laura Schenkein is leaving the job and being replaced by Alex Kayyal, who has been working as a partner at Lightspeed Ventures.

While some analysts were uneasy about the sudden change in the top finance role, the bigger concern is Amazon’s growing role in the online ad market, as well as the potential impact of President Donald Trump’s tariffs on ad spending.

Amazon has emerged as a significant player in the digital advertising market in recent years, and is now third behind Google and Meta. Last week, Amazon reported a 23% increase in ad revenue for the second quarter to $15.7 billion, which beat estimates.

Nike stock soars after better than feared Q4 2025 results

admin — Sat, 28 Jun 2025 05:23:57 +0000

Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report.

Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike manufacturing hubs like China and Vietnam would derail the company’s comeback.

Nike posted a poor fourth quarter, as sales dropped 12%, net income plunged 86% and profit margins dwindled. But CEO Elliott Hill stressed the company has emerged from the worst of its slump, and the slide in sales and profits would begin to moderate in the quarters ahead.

“The results we’re reporting today in Q4 and in FY25 are not up to the Nike standard, but as we said 90 days ago, the work we’re doing to reposition the business through our ‘Win Now’ actions is having an impact,” said Hill on an earnings call, referencing the name of the company’s turnaround plan. “From here, we expect our business results to improve. It’s time to turn the page.”

With few details about the progress of Nike’s turnaround strategies in the company’s earnings release, the company’s shares initially fell when it posted results after the closing bell Thursday. By the end of an hourlong call with Nike executives and Wall Street analysts, the stock had surged more than 10% in extended trading.

Beyond assuring investors that the turnaround plan is working, Hill shared promising updates on new product launches and Nike’s efforts to win back wholesale partners, which have been key areas of focus since he took over in October.

Hill shared details behind Nike’s decision to begin selling on Amazon for the first time since 2019 and its push to win over female shoppers, another priority for the company.

During the quarter, the company launched products in more than 200 women’s led shops, including Aritzia, and released its collection with WNBA star A’ja Wilson, which Hill said sold out in three minutes.

By Friday morning, the stock climbed even higher after numerous banks issued bullish commentary on the company. HSBC upgraded Nike to buy from hold, its first buy rating on the stock in 3½ years.

HSBC also raised its price target to $80, implying 28% upside from Thursday’s close.

“Long in the making but we think the inflection is finally here,” analyst Erwan Rambourg wrote in a research note. “We think there is more than tangible evidence that Nike has a path to see its sales rebound in the not-too-distant future, and its margins to be repaired, and this despite an unfavorable tariff headwind.”

Nike’s results show the company is rebounding on a timeline Wall Street likes. But don’t call it a comeback just yet.

The sneaker giant is trying to grow again at a shaky time for the economy, as weaker consumer sentiment, rising debt, tariffs and mass deportations raise questions about spending and GDP.

Nike still expects sales to decline in its current quarter by a mid-single-digit percentage, in line with Wall Street expectations of a 7% drop, according to LSEG.

It also has more work to do to clear out stale lifestyle inventory from its classic Dunks and Jordan lines. Those efforts to liquidate old inventory have hit profit margins and sales because Nike has had to rely on deep discounts, clearance channels and the off-price sector to clear out that glut.

In fiscal 2025, which ended last month, sales for classics like the Air Force 1, Air Jordan 1 and Dunks declined more than 20% compared with the year-ago period. In the fourth quarter, that accelerated to 30%, which impacted sales by nearly $1 billion, finance chief Matt Friend said.

Air Force 1 inventory levels have started to stabilize but Nike is still working to clear out supply of its Dunk franchise, which will affect the company’s profits through the first half of its current fiscal year, said Friend.

Both Hill and Friend said Nike’s profits will be under pressure through the first half of fiscal 2026 as it works through its inventory and contends with higher costs from tariffs. They said they expect profits to improve in the second half of the year.

However, when it comes to actual sales growth, it’s still too early to tell when the company will stop shrinking.

When asked if there are any scenarios where the company could get back to revenue growth this year, Hill declined to share a timeline.

“Just because of everything that’s going on, we’re going to take it 90 days at a time,” said Hill. “We believe full recovery will take time.”

Correction: This article has been updated to correct the spelling of Aritzia.

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Retail crime crackdown results in hundreds of arrests: authorities

admin — Thu, 05 Jun 2025 00:36:38 +0000

A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.

The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.

“When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”

Organized retail crime — a type of shoplifting where groups of thieves work together in targeted operations to turn stolen goods into cash — has grown in scale and scope in recent years. CNBC previously reported on the extensive law enforcement efforts to take down retail crime organizations.

While aggregate numbers for retail theft are difficult to quantify, retailers reported 93% more shoplifting incidents on average in 2023 compared with 2019, according to a survey conducted by the National Retail Federation. Those surveyed also reported a 90% increase in the associated dollar losses over that same time period.

Some critics point to a lack of enforcement and felony thresholds for allowing criminals to continue committing theft. It’s something Cook County State’s Attorney Eileen O’Neill Burke has been focused on since taking office in December.

California Highway Patrol arrests retail crime suspect in Long Beach, CA.

Courtesy: California Highway Patrol

On her first day in office, O’Neill Burke said prosecutors would pursue felony retail theft charges in accordance with state law, when the value of the goods exceeds $300 or when the suspect already has a felony shoplifting conviction.

Before her taking office, retail theft felonies were charged only if the value of the stolen goods was $1,000 or more or if the suspect had 10 or more prior convictions.

Since Dec. 1, the Cook County State’s Attorney’s Office has filed charges in 1,450 felony retail theft cases, the office said.

The goals of the coordinated operation, O’Neill Burke told CNBC, is “to have one day where we focus and concentrate on [retail theft] and we share intelligence about it — about what we learned about the network, so that gives us more tools on how to take this network down.”

It was the coordination between law enforcement and prosecuting attorneys that got a number of the involved retailers to participate in the blitz.

“Collaboration is key to making a meaningful impact,” Ulta Beauty Senior Vice President of Loss Prevention Dan Petrousek told CNBC. “That’s why we were proud to participate in the National ORC Blitz alongside dedicated law enforcement and prosecutorial partners.”

Ulta Beauty had teams participating across nine states in last week’s operation, providing law enforcement with information on incidents of retail crime.

“Organized retail crime remains one of the most significant challenges in our industry,” said Marty Maloney, Walgreens director of media relations. “In this most recent operation we worked closely with law enforcement partners across nearly 20 cities and at over 40 locations to help curb this trend.”

A representative for Home Depot told CNBC that while overall theft is down, investigated incidents of organized retail crime are still up double digits year over year.

Now that the operation has concluded, the group is pulling together each jurisdictions’ observations and sharing data to continue to help crack down on retail theft.

Other participating retailers reached for comment by CNBC, including Macy’s, T.J. Maxx and Target, said they’re committed to partnering with law enforcement and pushing for stronger laws to combat retail crime.

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Zscaler jumps 10% on strong results fueled by AI growth

admin — Mon, 02 Jun 2025 04:31:15 +0000

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.

Source: Nasdaq

Zscaler shares jumped about 10% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform.

“The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release. “We empower customers to securely adopt both public GenAI apps and their own private AI apps, and we are increasing our investments in this area.”

The cloud security software company said revenues grew 23% to $678 million from about $553 million in the year-ago period. That topped the LSEG estimate of $666 million.

Zscaler reported adjusted earnings of 84 cents per share, topping the adjusted EPS of 75 cents per share expected by LSEG. Billings rose 25% to about $785 million, ahead of a $760 million estimate from StreetAccount.

Zscaler’s earnings come as a hopeful sign for a cybersecurity industry that has shown some pockets of weakness in a volatile macroeconomic environment. SentinelOne dropped after lowering its outlook, while Palo Alto Networks shares declined after missing on gross margin.

The report “echoes the strength we noted in our preview, and begins to prove out the reacceleration story that the company has been pointing to over the past few quarters,” wrote Morgan Stanley’s Keith Weiss.

Zscaler reported a net loss of $4.1 million, or a loss of 3 cents per share, for the quarter. Last year, net income came in at $19.1 million, or 12 cents per share.

The company issued upbeat adjusted EPS guidance for the fiscal fourth quarter. Zscaler expects adjusted earnings to range between 79 cents and 80 cents a share, versus the 77 cents expected by LSEG.

Along with its earnings, Zscaler appointed Kevin Rubin as its chief financial officer.

WATCH: Zscaler CEO Jay Chaudhry weighs in on China hacking the U.S. Treasury

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Nvidia jumps 5% in premarket trading as results spark global chip rally

admin — Thu, 29 May 2025 09:24:31 +0000

Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.

Annabelle Chih | Bloomberg | Getty Images

Nvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

This is a developing story. Please check back for more.

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Beauty stocks post major losses after a week of worrying results

admin — Sat, 08 Feb 2025 06:40:48 +0000

An Estee Lauder counter is seen on the floor of a department store in Brooklyn on Feb. 5, 2025 in New York City.

Spencer Platt | Getty Images

Several beauty stocks posted major losses this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance.

E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursday posted a revenue beat for its fiscal third quarter, but missed on adjusted earnings per share and cut its full-year guidance to between $1.3 billion and $1.31 billion in sales, down from a prior range of between $1.32 billion and $1.34 billion.

CEO Tarang Amin told CNBC in an interview on the results that the cosmetics sector broadly declined 5% in January, which he attributed to a hangover from holiday discounting and a decrease in online attention to beauty products.

Analysts from Morgan Stanley, D.A. Davidson and UBS all downgraded the stock to neutral or equal weight following the report, citing the cut guidance.

Estee Lauder shares fell 22% on the week, marking that stock’s worst week since November. The company on Tuesday said it would cut between 5,800 and 7,000 jobs by the end of fiscal 2026 and that softening travel retail demand in Asia would damage its net sales in the third quarter.

The news sent shares tumbling despite a beat on second-quarter revenue and earnings per share.

“Simply said, we lost our agility. We did not capitalize on the higher-growth opportunities,” CEO Stéphane de La Faverie, who began in the position on Jan. 1, said on the earnings call.

Shares of Ulta Beauty and Coty also were under pressure this week, trimming 9% and nearly 8%, respectively, on the week. It was Ulta’s worst week since April, and Coty’s worst week since October.

On E.l.f. Beauty’s earnings call Thursday, Amin said the company saw “a little bit of softness” at Ulta, one of the brand’s retailers, in January.

The beauty sector, like others in the U.S., faces the threat of tariffs eating into its profits. China announced tariffs on select U.S. imports Tuesday in response to President Donald Trump’s additional 10% tariffs on Chinese goods.

E.l.f., for example, manufactures about 80% of its products in China, but Amin told CNBC that the company was “relieved” to see Trump impose tariffs of just 10%, when he had previously floated levies as high as 60%.

— CNBC’s Gabrielle Fonrouge and Adrian van Hauwermeiren contributed to this report.

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