admin

J.C. Penney‘s stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. With earnings and same-store sales falling short of Wall Street estimates, Penney’s shares sank more than 16 percent shortly in early trading, at one point hitting a low not seen since at least 1972.
0 Comments
The NACS survey found that as students progress throughout their academic careers, they become savvier shoppers and are more likely to comparison shop at multiple sources to find the best deal. Sites like CampusBooks.com, BigWords.com and BookFinder.com, among others, track books for new, used and rental texts. When you’re comparing prices, make sure you’re looking
0 Comments
“I’m supportive of this,” said certified financial planner Hans “John” Scheil, CEO and owner of Cardinal Retirement Planning in Cary, North Carolina. “The reality is that most people don’t have their 401(k)s properly allocated. And most don’t ever reassess where they stand.” Most companies (62.1 percent) in the Callan study have done a re-enrollment when
0 Comments
But there are more challenges ahead. Chief financial officer Drew Vollero said on a conference call that the company would continue at a slower pace of hiring in the third quarter, noting that the third quarter of last year saw revenue boosts from tentpole events like the Summer Olympics and election. Plus, Vollero said, new
0 Comments
Video game developer Nintendo is being sued by a U.S. mobile gaming accessory company that claims the controllers for the Nintendo Switch console infringes on a patent it owns. Gamevice, which makes video game controllers to attach to tablets and smartphones, is demanding that Nintendo stops making and selling the Switch and wants to be
0 Comments
Graphics chipmaker Nvidia saw its stock fall more than 7 percent on Thursday after it reported stronger-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. EPS: Excluding certain items, $1.01 in earnings per share vs. $0.70 in earnings per share as expected by analysts, according to Thomson Reuters.
0 Comments
Nordstrom reported second-quarter earnings and sales on Thursday that topped analysts’ expectations, sending shares of the stock higher after market close. Same-store sales — a metric monitored closely by Wall Street — for the company were also positive, a rare outcome among department stores of late. Nordstrom said its results this period were fueled by
0 Comments
Getty Images (L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. News Corp reported quarterly earnings
0 Comments
Shares of Blue Apron plunged Thursday after the meal-kit delivery company said during its earnings call that it was encountering unexpected costs tied to starting up a new facility. These costs, as well as further cuts in marketing spending, will likely result in more losses in the second half of the year. Blue Apron now
0 Comments
With new CEO Jeff Gennette at the helm, Macy’s showed some signs Thursday of attaining his goal of returning to growth in same-store sales. Macy’s reported that second-quarter sales comps — including those made in departments licensed to third parties — fell 2.5 percent, but that was better than the 3.2 percent decline expected by
0 Comments
21st Century Fox announced fourth-quarter earnings that beat expectations and revenue that narrowly missed. Here’s how the company did compared with what Wall Street expected: EPS: 36 cents vs. 35 cents, according to Thomson Reuters Revenue: $6.75 billion vs. $6.77 billion, according to Thomson Reuters The company’s earnings fell to 36 cents per share from
0 Comments
Mylan’s stock bounced back in midday trading Wednesday from lower-than-expected second quarter earnings after the company’s management said its generic drug Advair is not being delayed by further FDA-required studies. After shares of the drug-maker dropped as far as 8 percent in premarket trading, Mylan’s CEO Heather Bresch clarified on a call with investors that
0 Comments