Safeway said Thursday its third-quarter net income fell 58 percent, hurt by a software impairment charge, higher theft and lower property gains. Results beat expectations however and shares rose 6 percent in aftermarket trading.
Gap raised its earnings per share outlook for the year on Thursday, after its summer lineup helped boost second-quarter results and advanced its turnaround push.
Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
Zynga narrowed its second-quarter losses as the troubled company laid off workers and trimmed other expenses to help offset its difficulty coming up with compelling games to play on smartphones and tablet computers.
Visa Inc. says it returned to a profit in its fiscal third quarter, aided by strong revenue growth as transactions increased.
Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation.
Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers.
Cisco says its net income rose 14 percent in the latest quarter, and says it is seeing “some good signs” in the U.S. and other markets.
Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax provision.
Zynga reported a small profit in the first three months of the year, as the online game company reduced expenses. But a revenue decline and a lower-than-expected second-quarter forecast are sending its stock tumbling.