Earnings

FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis-based package delivery company fell 5 percent Tuesday. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with
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The cloud license and on-premises license generated revenue of $867 million, compared with the $865 million consensus estimate among analysts. Hardware revenue came in at $904 million, while services revenue was $813 million. Last week, analysts at KeyBanc Capital Markets lowered their estimates for Oracle’s next few quarters. “Oracle’s move to the cloud is taking
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GameStop, the world’s largest video game and gaming console retailer, reported a lower-than-expected quarterly profit on Thursday due to lower sales of video game software at its outlets. Shares of the company fell about 5 percent to $14.43 after the bell on Thursday. Net sales from the video game software business fell 18.5 percent to
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Emile Wamsteker | Bloomberg | Getty Images A customer exits a Big Lots store in Clifton, New Jersey. Shares of Big Lots plunged Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 9 percent, adding to its 14.7 percent decline this year. The
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For female shoppers, Lululemon spearheaded a movement toward “athleisure” apparel in the U.S. and has maintained a loyal base of customers for its leggings and yoga gear. Lululemon continues to see strong traffic at its stores in North America, a market where brands like Nike and Under Armour have been struggling to keep growing of
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Dollar General‘s quarterly same-store sales topped analysts’ estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain. Same-store sales rose 3.7 percent in the three months ended Aug. 3, above the 2.83 percent increase estimated by analysts on average, according to Thomson Reuters I/B/E/S. The company’s net income rose
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Campbell Soup on Thursday reported better-than-expected quarterly profit, but sales fell short of expectations. The company also announced plans to shed two international units and its fresh foods business. Here’s what the company reported versus what Wall Street expected, based on average estimates of analysts polled by Thomson Reuters. Adjusted earnings per share of 25
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Shares of Dick’s Sporting Goods plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting. Sales at Dick’s Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter. It was partly blamed
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Box shares dropped as much as 6 percent after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. Here’s how Box did in its second quarter, which ended July 31: Earnings: Loss of 5 cents per share, excluding certain items, vs. loss
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Best Buy shares tumbled Tuesday morning despite the electronics retailer reporting second-quarter earnings and sales that topped analysts’ expectations. The company also raised its full-year profit outlook, building on its strong performance during the first six months of the year. Still, the retailer’s stock was falling more than 6 percent in premarket trading on the
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Patrick T. Fallon | Bloomberg | Getty Images Pat Gelsinger, CEO of VMWare, speaks during the Montgomery Summit in Santa Monica, California, March 9, 2017. VMware’s second-quarter profit and revenue beat analysts’ estimates on Thursday, helped by strong demand for its cloud-based software services. The company’s services revenue, which accounts for majority of its total
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Gap Inc. shares are tumbling after the apparel retailer reported same-store sales for its namesake brand after the bell on Thursday that missed analysts’ expectations for the second quarter, overshadowing a beat on earnings and revenue. The stock was still falling more than 10 percent Friday morning on the news. CEO Art Peck, who has
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HP reported better-than-expected fiscal third quarter earnings on Thursday, but the stock dipped in extended trading. Here are the key numbers: Earnings: 52 cents per share, excluding certain items, vs. 51 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $14.59 billion, vs. $14.27 billion as expected by analysts, according to Thomson
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Synopsys reported better-than-expected quarterly results and forecast fourth-quarter above Wall Street estimates on Wednesday, as the maker of chip design software benefits from rising demand from semiconductor clients. The company’s shares rose nearly 5 percent to $99.40 in after-market trading, on track to open at a record high on Thursday. Synopsys, whose clients include Intel
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The Chinese titan said an increase in monthly active users of its Taobao app and its “new retail strategy” helped drive growth. New retail includes its physical stores called Hema, as well as the food delivery service Ele.me that Alibaba now owns. Alibaba has tried to bolster the division by striking partnerships with big U.S.
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L Brands, the parent of Victoria’s Secret and Bath & Body Works, on Wednesday lowered its profit outlook, which overshadowed quarterly earnings and revenue that topped analysts’ expectations. The company said it now expects full-year earnings per share between $2.45 and $2.70, down from its previous forecast for earnings per share between $2.70 and $3.
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Lowe’s on Wednesday reported second-quarter earnings and revenue that surpassed analysts’ expectations, but same-store sales fell short and weren’t nearly as strong as rival Home Depot. The North Carolina-based home improvement retailer also announced it will be shuttering all 99 Orchard Supply Hardware stores that it owns by the end of this year as it
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Kohl’s shares tumbled Tuesday morning despite releasing fiscal second-quarter earnings that beat analysts’ profit and sales estimates. The retailer raised its profit outlook for the year, but it wasn’t enough to please investors. Ahead of Tuesday’s losses, Kohl’s stock had climbed more than 110 percent from a year ago, bringing the retailer’s market cap to
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David Maung | Bloomberg | Getty Images An employee uses a microscope at the Medtronic assembly plant in Tijuana, Mexico. Medical device maker Medtronic posted a better-than-expected quarterly profit on Tuesday, helped by higher sales in its top-selling cardiac and vascular unit, underpinning strength across its businesses. Shares of the Dublin-based company rose 4 percent
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BHP Chief Executive Andrew Mackenzie, meanwhile, said the company was “a little more apprehensive” on the short-term outlook, given trade relations between China and the United States. Escalating tensions between China, the biggest commodity consumer, and the U.S. have spooked metals markets and raised the prospect of reduced Chinese demand. Copper prices on the London
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