Earnings

Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading. The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit
0 Comments
Best Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent
0 Comments
Christopher Dilts | Bloomberg | Getty Images Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Ralph Lauren on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker’s move to pull products off department store shelves and sell more products at full-price boosted margins. The company’s shares rose 3 percent in
0 Comments
Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop
0 Comments
Tiffany’s first-quarter results beat analysts’ estimates on Wednesday, with strong sales of its high-end jewelry in the Americas and Asia-Pacific regions helping the company raise its annual sales and profit forecasts. Shares spiked more than 17 in early trading Wednesday, pushing the stock to its best level since 2001. The stock has gained 6.3 percent
0 Comments
Source: Hewlett Packard Enterprise New server racks in the Hewlett Packard Enterprise Executive Briefing Center feature the new branding. Hewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by higher demand for its servers, storage and networking equipment. The company, created in 2015 from the breakup of
0 Comments
The world’s largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects but repeated that it saw 2018 global apparent steel consumption, which
0 Comments
Thomson Reuters on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low-single-digit growth in 2018 revenue in its remaining business. The news and information company announced earlier this year that it is selling a majority stake of its financial & risk unit to private-equity firm Blackstone. Thomson Reuters reported quarterly revenue of $1.38
0 Comments
Dropbox stock fluctuated and then gradually fell after it reported better-than-expected first quarter results in its first earnings report as a public company on Thursday. Earnings: Excluding certain items, 8 cents per share vs. 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $316.3 million vs. $309.2 million as expected by
0 Comments
Twenty-First Century Fox said Wednesday its cable business posted its “highest earnings ever” in the fiscal third quarter. Executive chairmen Rupert and Lachlan Murdoch said in a statement that double-digit growth in domestic affiliate revenue helped drive strength in its cable division. Fox’s cable unit reported revenue of $4.42 billion, topping a StreetAccount consensus estimate
0 Comments
Shares of Roku popped in extended trading Wednesday after the company reported better-than-expected first-quarter financial results. The stock price was up about 1.5 percent when the report was released after the bell, following a pre-earnings rally of nearly 9 percent in the regular trading session. Here’s what Roku reported: Loss per share: 7 cents, excluding
0 Comments
Roku on Wednesday afternoon releases its third quarterly earnings statement as a public company, and the options market is implying it expects something unique: relatively little. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” that shares of the streaming technology company, which have plunged 36 percent this year, are expected to
0 Comments
The Walt Disney Company on Tuesday said that the success of Marvel’s “Black Panther” helped drive 21 percent year-over-year revenue growth for its studio entertainment business. Disney’s studios saw $2.45 billion in revenue for the quarter. That figure bested Wall Street expectations for $2.19 billion in revenue, according to a StreetAccount consensus estimate. In the
0 Comments
Caterpillar may have tainted the entire earnings season for industrial companies with one line, according to CNBC’s Jim Cramer, and now the company is trying to walk it back. Caterpillar’s management on Tuesday sought to clarify last month’s now-infamous “high-water mark” comment — made by CFO Bradley Halverson on the heavy equipment maker’s first-quarter earnings
0 Comments
Alibaba reported better than expected topline results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by a flurry of investments. The company’s March-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase.
0 Comments
“The recapture of our prior listeners is a very, very important factor for us,” Chief Executive Roger Lynch told Reuters in an interview. “March was the first time in 18 months where we increased the recapture of lapsed listeners.” For paid users, Pandora’s revenue per user jumped to $6.30, up nearly a third from $4.76
0 Comments