Earnings live updates: Klarna stock plunges on trimmed guidance, Home Depot gains

LIVE Earnings live updates: Klarna stock plunges on trimmed guidance, Home Depot gains Yahoo Finance Updated Tue, August 18, 2026 at 1:59 PM GMT+2 1 min read HD KLAR WMT ^GSPC TGT Retail earnings are set to offer a check of consumer health this week as the second quarter earnings season winds down. On Tuesday, Home Depot's ( HD ) results showed that consumers continued to spend, albeit on smaller projects, as geopolitical concerns and inflation weigh on US households. Walmart ( WMT ), Target ( TGT ), and Lowe's ( LOW ) are among the other big box stores reporting this week.

Overall, earnings season showed remarkable strength. According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year , the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.

LIVE 3 updates Today at 3:31 PM UTC Grace O'Donnell Baidu stock drops as Q2 results miss estimates despite growth in AI cloud business Baidu ( BIDU ) stock fell 11% on Tuesday afternoon after the Chinese tech giant’s second quarter revenue and earnings missed analyst expectations. Investing. com reports: The company reported second-quarter earnings per share of 7.

22 Chinese yuan (RMB), missing the analyst estimate of RMB 9. 84. Revenue came in at RMB 31.

33 billion, down 4% year-over-year, and also below the RMB 31. 95 billion consensus estimate. AI Cloud Infrastructure revenue rose 50% year-over-year to RMB7.

3 billion, with GPU Cloud revenue within that segment surging 283% year-over-year, accelerating from 184% growth in the prior quarter. AI Applications revenue rose 3% to RMB2. 5 billion, while revenue from AI-native marketing services was roughly flat year-over-year at RMB2.

6 billion. Read more. Today at 11:57 AM UTC Grace O'Donnell Klarna stock plunges on trimmed sales guidance Klarna ( KLAR ) stock plunged 19% in premarket trading on Tuesday after the Swedish buy now, pay later firm trimmed its outlook for gross merchandise volume, a measure of the total value of goods sold through the platform.

Klarna now expects its 2026 gross merchandise value to come in between $149 billion and $151 billion, down from its previous forecast of $155 billion. That overshadowed Klarna’s unexpected profit during the quarter. Earnings per share of one penny topped Wall Street forecasts for a $0.

06 per share loss, according to S&P Global Market Intelligence consensus estimates. Revenue increased 27% year over year to $1. 04 billion, also topping estimates of $996 million.

“We enter the second half with real momentum,” the company stated. “Our payment-platform partnerships are scaling ahead of the holiday season, our new device-upgrade program is ramping, and each new merchant and consumer turns the same flywheel: a wider network, deeper engagement, and better economics on every transaction. ” Today at 11:36 AM UTC Grace O'Donnell Home Depot Q2 earnings beat Wall Street's forecast as customers stick to small projects Yahoo Finance’s Brooke DiPalma reports: Home Depot ( HD ) beat Wall Street's metrics across the board in the second quarter as its customers focused on smaller projects.

Revenue grew by nearly 6% in the quarter to $47. 9 billion, above the $47. 3 billion analysts forecast, per Bloomberg estimates.

Adjusted earnings grew 0. 2% to $4. 79, more than the $4.

73 predicted. "We saw broad based demand across the business as customers continued to engage in smaller projects," CFO Richard McPhail said in the release. McPhail and senior executive vice president Ann-Marie Campbell are temporarily leading the company while CEO Ted Decker takes medical leave.

Customers visited Home Depot less frequently during the quarter but spent more when they did. Same-store sales increased 1. 7%, more than the roughly 1% expected, and US same-store sales jumped 1.

3%, higher than the 0. 9% expected. Read more.

A shopper carries a bucket inside a Home Depot store in San Jose, California, US, on Thursday, Aug. 13, 2026.