Sales Figures

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Online used-car dealer Carvana Co. said it is aggressively cutting costs as demand from consumers remains under pressure and the company faces the prospect of an economic downturn. Carvana—an early pandemic star that has struggled during the recovery—pledged in April to rein in expenses after it reported its first-ever quarterly-sales decline and said it would …

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AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. “Taking a step back, while there has been additional softness in the PC market in recent months, …

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