Earnings live: Broadcom stock falls despite upbeat outlook, Lululemon pops, Costco dips

Broadcom (AVGO) banal roseate 3% successful after-hours trading. The chipmaker reported beardown request for its AI chips, which helped thrust grounds gross successful its fiscal 4th fourth and forecast AI gross to treble successful Q1.

Here's what Broadcom reported for its fiscal 4th fourth compared to statement estimates, according to S&P Global Market Intelligence data:

"In Q4, grounds gross of $18.0 cardinal grew 28% year-over-year, driven chiefly by AI semiconductor gross expanding 74% year-over-year," Broadcom CEO Hock Tan said. "We spot the momentum continuing successful Q1 and expect AI semiconductor gross to treble year-over-year to $8.2 billion, driven by customized AI accelerators and Ethernet AI switches. We forecast Q1'26 full gross of $19.1 cardinal and adjusted EBITDA of 67%."

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RH (RH) banal jumped 4% aft releasing net connected Thursday day arsenic the high-end furnishings retailer teased investments successful maturation and planetary markets.

In the 3rd quarter, RH missed net expectations but bushed estimates for top-line growth. Earnings per stock of $1.83 were beneath estimates of $2.18 per share, according to S&P Global Market Intelligence. However, gross accrued 9% twelvemonth implicit twelvemonth to $883.8 million, somewhat topping estimates of $883.6 million.

RH revised its full-year gross outlook lower. For 2025, RH expects gross maturation of 9% to 9.2%, compared to its erstwhile scope of 9% to 11%. The institution besides adjusted its adjusted EBITDA borderline to a scope of 17.6% to 18%, versus 19% to 20% antecedently and reiterated its escaped currency travel guidance of $250 cardinal to $300 million.

CEO Gary Friedman noted that the outlook includes a 210 ground constituent operating borderline interaction from investments to enactment its planetary enlargement and a 90 ground constituent antagonistic interaction from tariffs.

Friedman besides repeated his presumption that the US lodging marketplace is successful its worst information successful 50 years and that tariffs are causing "chaos" and terms increases. But this is spurring a translation astatine the company, helium added.

RH precocious opened a flagship store and edifice connected the Champs-Élysées successful Paris arsenic the institution looks to put successful planetary growth.

"Someone asked the question, however bash you physique a luxury marque successful China?" Friedman said connected the net call. "The effect was you physique large stores successful Paris, London, and New York."

On Thursday, Lululemon (LULU) besides announced that its CEO, Calvin McDonald, plans to measurement down from his relation and from the company’s committee connected Jan. 31. McDonald volition proceed to service arsenic a elder advisor to the institution done March 31 during the modulation period.

Lululemon didn't sanction a imperishable successor but said that the company's main fiscal officer, Meghan Frank, and its main commercialized officer, André Maestrini, volition service arsenic interim co-CEOs.

McDonald took connected the CEO relation successful 2018. During his tenure, helium expanded the company's merchandise portfolio and grew its mainland China business. Previously, McDonald worked arsenic caput of America's astatine LVMH's Sephora.

Lululemon banal is up 42.8% during McDonald's word arsenic CEO. The banal roseate astir 10% successful after-hours trading connected Thursday pursuing the company's net beat.

Costco (COST) posted better-than-expected results crossed each cardinal metrics successful its fiscal archetypal 4th report.

Adjusted net per stock came successful astatine $4.50, up of Wall Street's estimates of $4.28, per Bloomberg statement data. Revenue, including some nett income and rank fees, somewhat bushed Wall Street's expectations, coming successful astatine $67.3 billion, lone somewhat up of expectations of $67.1 billion.

Same-store income maturation for the 4th exceeded expectations successful each of its markets, rising 6.4% overall, which was higher than the 5.9% forecast. Canada led the growth, up 9%, followed by Costco's different planetary business, up 6.8%. US income roseate by the slightest but were up 5.9%.

E-commerce continues to beryllium a beardown income operator for the wholesale chain. In the latest quarter, e-commerce income grew 20.5%, an summation from past year's 13.2% summation successful the aforesaid clip period.

Revenue from rank fees accrued 14% twelvemonth implicit twelvemonth to $1.33 billion, compared to estimates of $1.29 billion.

The banal absorption was mostly muted pursuing the archetypal report. Among analysts connected the Street, determination are presently 24 Buy ratings, 16 Holds, and 1 Sell.

Lululemon (LULU) banal popped by 10% successful extended trading aft the Canada-based apparel retailer posted an net bushed and upbeat full-year nett forecast.

"As we participate the vacation season, we are encouraged by our aboriginal performance," Lululemon CEO Calvin McDonald said, noting that the institution continues to marque advancement successful its turnaround program and expects to spot much results successful 2026.

In the company's 3rd quarter, diluted profits roseate to $2.59 per share, exceeding expectations for adjusted net of $2.22 per share, according to S&P Global Market Intelligence.

Revenue accrued 7% twelvemonth implicit twelvemonth to $2.6 billion, topping estimates of $2.47 billion. Higher gross was driven by planetary sales, which climbed 18% connected a comparable basis. Same-store income successful the Americas declined 5%.

For the 4th quarter, Lululemon guided for nett gross successful the scope of $3.5 cardinal to $3.58 billion, successful enactment with the Wall Street statement estimation of $3.56 billion.

For the afloat year, the institution forecast nett gross to beryllium betwixt $10.96 cardinal and $11 billion, representing 4% growth. The Street is expecting full-year gross of $10.96 billion.

Lululemon's anticipated full-year net besides came successful up of expectations, with diluted net per stock expected successful a scope of $12.92 to $13.02 for the year. The Street guided for adjusted net of $12.86 per share.

Following Oracle's (ORCL) fiscal 2nd 4th report, which renewed worries astir artificial quality investment, fabless spot and bundle shaper Broadcom (AVGO) volition person a accidental to assistance acceptable marketplace expectations connected 1 of the lone things it cares about: AI.

Here’s what you request to know, via StockStory's Adam Hejl:

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Synopsys (SNPS) banal jumped astir 6% successful extended trading aft the shaper of spot plan and investigating bundle reported an net and gross beat.

In the fiscal 4th quarter, Synopsys posted nett income of $2.90 per diluted share, topping estimates for $2.88 per share, according to S&P Global Market Intelligence. The institution besides recorded gross of $2.25 billion, compared to estimates of $2.23 cardinal and $1.636 cardinal for the 4th fourth of fiscal twelvemonth 2024.

For its fiscal 2026, Synopsys is targeting gross of $9.56 cardinal to $9.66 billion, successful enactment with statement estimates. It besides guided for non-GAAP net per stock of $14.32 to $14.40 for 2026, up of estimates of $14.05.

Listen to a livestream of the net telephone present astatine 5 p.m. ET.

Reuters reports:

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Yahoo Finance's Laura Bratton reports:

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Chewy (CHWY) net bushed expert estimates arsenic the online favored retailer continued to instrumentality marketplace share, but the banal tumbled astir 7% successful premarket trading arsenic investors spot continued unit connected the sector.

Adjusted net per stock were $0.32 successful the 3rd quarter, compared to expert estimates for $0.30, according to S&P Global Market Intelligence. Net income roseate 8.3% twelvemonth implicit twelvemonth to $3.12 billion, compared to estimates of $3.01 billion.

“Chewy continues to outperform the favored class and grow marketplace share, with profits erstwhile again increasing faster than sales,” CEO Sumit Singh said successful the release.

Gross margins were different metric successful absorption for investors this quarter. Gross margins of 29.8% bushed expectations but inactive dipped from 30.4% successful Q2.

"As of late, the presumption has been that CHWY's gross borderline has constricted upside going forward," UBS's probe squad led by Michael Lasser wrote successful a enactment up of earnings. "While the scaling of its sponsored advertisement inaugural has been a meaningful gross borderline operator of the past respective quarters, we deliberation this inclination needs to proceed for the institution to spot the aforesaid magnitude of GM gains. But until then, bears whitethorn constituent to an progressively competitory market, unit from tariffs, and greater promotional enactment successful the backmost fractional of the twelvemonth to enactment a capped borderline upside."

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Dave & Buster's (PLAY) missed net and gross estimates connected Tuesday, but the banal moved higher successful choppy after-hours trading.

The amusement and eating institution reported a nett nonaccomplishment of $1.14 per share, compared to estimates of a nonaccomplishment of $1.04, according to S&P Global Market Intelligence. Revenue decreased 1.1% twelvemonth implicit twelvemonth to $448.2 million, compared to estimates of $460.1 million.

Dave & Buster's CEO Tarun Lal said the institution has made "substantive progress" connected its "back-to-basics" turnaround plan.

“We’ve been hard astatine enactment relaunching our selling engine, reinvigorating our nutrient & beverage offering, improving our operations, refreshing our games platform, and revamping our store remodel program," Lal said successful a statement.

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The Associated Press reports:

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GameStop (GME) banal pulled backmost 5% successful after-hours trading aft the institution posted 3rd 4th gross that fell abbreviated of estimates.

In the 3rd quarter, gross fell to $821 cardinal for the period, compared to $860.3 cardinal successful Q3 past year. Wall Street analysts were expecting income of $987 million, according to S&P Global Market Intelligence.

The institution reported diluted profits of $0.24 per share, compared to estimates of $0.20.

GameStop, which became synonymous with the meme banal commercialized successful 2021, has followed the playbook acceptable by Michael Saylor's Strategy to accumulate bitcoin for a firm treasury.

GameStop's bitcoin holdings were valued astatine $519.4 cardinal astatine the adjacent of the quarter, compared to $528.6 cardinal astatine the extremity of the 2nd quarter.

Reuters reports:

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AutoZone (AZO) missed net estimates for its fiscal archetypal quarter, sending shares 2% little successful premarket trading.

The car parts retailer reported profits of $31.04 per stock connected gross of $4.62 billion. Wall Street analysts were looking for net of $32.40 per stock and gross of $4.64 billion, according to S&P Global Market Intelligence data.

The company's gross nett decreased by 203 ground points to 51% owed to ample inventory charges arsenic the institution works done tariff-driven terms increases.

"Price increases successful the manufacture are apt to persist for mates of much quarters, earlier getting backmost to mean inflationary rates," UBS expert Michael Lasser wrote successful a enactment up of the results. "Thus, normalizing ostentation rates volition acceptable up AZO to thigh outsized LIFO charges successful FY'26 and retrieve successful FY'27."

The Campbell's Company (CPB) banal wavered aft the nutrient institution reported declining income and net compared to the erstwhile year.

In the company's fiscal archetypal quarter, nett income decreased 3% twelvemonth implicit twelvemonth to $2.67 billion, portion net per stock declined to $0.65. Wall Street statement estimates were for $2.65 cardinal successful gross and $0.71 successful net per share, according to S&P Global Market Intelligence.

The Meals & Beverages conception saw income diminution 4% twelvemonth implicit year, portion income successful the Snacks concern dropped 2%.

"Consumers stay intentional successful their buying behaviors with at-home-cooking trends continuing to payment our brands wrong our Meals & Beverages portfolio that present quality, convenience and value," CEO Mick Beekhuizen said. "While our Snacks concern continues to upwind class softness, our brands stay highly relevant."

The institution reaffirmed its fiscal 2026 guidance for net per stock to diminution 12% to 18% to a scope of $2.40 to $2.55.

Campbell's came nether occurrence successful precocious November erstwhile an enforcement was accused of making violative comments and saying the company's products were for "poor people." Campbell's released a statement, saying the enforcement was nary longer employed astatine the institution and that that behaviour "does not bespeak our values and the civilization of our company."

Year to date, the banal is down 28%.

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Toll Brothers (TOL) banal fell implicit 3% successful extended hours aft the high-end homebuilder's quarterly results showed promotional enactment weighing connected margins and an net miss.

For the fiscal 4th quarter, Toll Brothers reported net per stock of $4.58, compared to estimates of $4.89, according to S&P Global Market Intelligence. Revenue came successful astatine $3.41 billion, compared to estimates of $3.31 billion.

The homebuilder saw promotional enactment measurement connected its location merchantability margins. Toll Brothers reported a gross borderline of 26%, compared to estimates of 26.5%. Despite little owe rates, homebuilders are facing competitory pressures arsenic they look to entice reluctant buyers disconnected the sidelines.

Toll Brothers CEO Douglas Yearley noted "soft demand" and a "choppy" lodging marketplace this year, though helium emphasized that the luxury concern remains differentiated.

Toll Brothers volition broadcast its earning telephone connected Tuesday, Dec. 9, up of the marketplace open. You tin perceive to the telephone unrecorded here.

Mentions of artificial quality connected net calls crested a caller highest successful the 3rd quarter.

In a enactment connected Friday, FactSet's John Butters pointed retired that 306 S&P 500 companies cited the word “AI” connected net calls held from Sept. 15 done Dec. 4, the highest level successful 10 years. The erstwhile grounds for mentions of AI was successful Q2 of this year, with 292 mentions of the term.

As AI continues to thrust the K-shaped system and market, companies person been rewarded for mentioning the exertion taking the satellite by storm.

Butters notes that S&P 500 companies that notation "AI" person seen a higher mean terms summation than their non-AI-mentioning counterparts implicit the past mates of months and implicit the past year.

As the illustration beneath from FactSet shows, companies that cited AI saw an mean terms summation of 1%, compared to an summation of 0.3% for companies that didn't notation AI since Sept. 30. When looking backmost since Dec. 31, 2024, the quality is 13.9% and 5.7%, respectively.

In the week ahead, Oracle (ORCL) is definite to substance sentiment connected the artificial quality build-out erstwhile it reports net and an update connected its unreality concern backlog. The banal is up 30% twelvemonth to day but has travel nether unit successful the past month, down 13% implicit that period.

Victoria's Secret (VSCO) banal climbed implicit 13% successful premarket trading aft the lingerie institution raised its 2025 nett sales, operating income, and net guidance, signaling advancement successful its revitalization efforts.

The institution forecast full-year nett income successful the scope of $6.45 cardinal to $6.48 billion, compared to erstwhile guidance of $6.33 cardinal to $6.41 billion. Its adjusted net per stock for the twelvemonth are expected to beryllium successful the scope of $2.40 to $2.65, compared to anterior guidance of $1.80 to $2.20.

Victoria's Secret besides said its estimated tariff interaction volition beryllium astir $90 cardinal for the year, little than the $100 cardinal initially expected.

Victoria's Secret's 3rd 4th results were besides amended than expected, with gross beating estimates and the company's nett nonaccomplishment coming successful shallower than estimates.

Net income accrued 9% twelvemonth implicit twelvemonth to $1.472 billion, supra estimates for $1.40 billion, according to S&P Global Market Intelligence. The retailer recorded a nett nonaccomplishment of $0.46 per share, which was smaller than the $0.60 per stock nonaccomplishment the Street was expecting.

Listen to Victoria's Secret's net telephone here.

Hewlett Packard Enterprise (HPE) shares fell 4% aft the institution forecast fiscal ‌first 4th gross beneath ‌Wall Street estimates.

The institution expects ‍Q1 gross successful the scope of $9 ​billion to $9.4 ‌billion, compared with analysts' mean estimation ⁠of $9.9 billion, ​according ​to information compiled by S&P Global Market Intelligence.

Networking gross was the standout, rising 150% twelvemonth implicit twelvemonth to $2.8 billion. Server gross declined by 5% twelvemonth implicit twelvemonth to $4.5 billion, portion hybrid unreality gross dropped 12% to $1.4 billion. Financial services gross was level compared to past twelvemonth astatine $889 million.

For the October quarter, HPE reported adjusted profits of $0.62 per share, compared to estimates of $0.51.

Revenue of $9.7 cardinal grew 14% twelvemonth implicit twelvemonth but came successful a spot airy compared to estimates, arsenic the Street was expecting $9.9 cardinal successful revenue.