Earnings

A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. Mark Kauzlarich | Bloomberg | Getty Images Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations,
0 Comments
Vans sneakers on beach Source: Vans Apparel maker VF Corp forecast full-year revenue and profit below expectations on slowing demand for its popular outdoor wear label North Face and sneaker brand Vans, sending its shares down about 7%. The company wants to better focus on the high-margin brands, and is, therefore, spinning off its less
0 Comments
Target shares soared Wednesday after the discount retailer reported fiscal first-quarter earnings and sales that topped analysts’ expectations, as it brought more people to its stores and convinced them to spend more money there. Target’s e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can’t
0 Comments
Kohl’s and J.C. Penney delivered disappointing first-quarter earnings reports Tuesday morning, putting a damper on other department store chains. Shares of Kohl’s fell 11%, and Penney shares were down 7.8% by afternoon trading. Shares of Macy’s, Nordstrom and Dillard’s all fell more than 1% but rebounded later in the day. Penney’s net loss nearly doubled during the quarter,
0 Comments
Patrick T. Fallon | Bloomberg | Getty Images Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts’ expectations, as shoppers spent more in its stores, despite a damp start to the spring in much of the U.S. Here’s how the company did, compared to what Wall Street expected, according to Refinitiv consensus estimates
0 Comments
A technician checks on a stack of wafers at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Applied Materials forecast third-quarter profit and revenue above estimates and reported better-than-expected quarterly results on Thursday, allaying investor concerns about slowing semiconductor demand. Shares of the company rose nearly 6%
0 Comments
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters Nomura Instinet lowered its price target on Apple shares to $175 from $180 on Friday, citing a coming “trade strain” on the company’s earnings. “The renewal
0 Comments
Chipmaker Nvidia saw shares rise as much as 7% and then scale back on Thursday after it reported better-than-expected earnings for the first quarter of fiscal 2020. Here are the key numbers: Earnings: 88 cents per share, excluding certain items, vs. 81 cents per share as expected by analysts, according to Refinitiv. Revenue: $2.22 billion,
0 Comments
Pinterest CEO Ben Silbermann speaks in conversation with Matthew Lynley of TechCrunch during the TechCrunch Disrupt SF 2017 on September 18, 2017 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Pinterest plunged as much as 19% after releasing its first quarterly earnings report as a public company after the markets
0 Comments
Walmart on Thursday reported fiscal first-quarter earnings that topped analysts’ expectations despite a recent string of investments weighing on margins. The world’s largest retailer said the results put it in a “good position” to achieve its full-year goals, even though it will face tougher comparisons during the second quarter because of weather-related benefits it reaped
0 Comments
Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose as much as 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019
0 Comments
Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Take-Two Interactive Software reported lower-than-expected quarterly revenue and forecast first-quarter sales below analysts’ expectations, as it faces intense competition from free-to-play “battle royale” games “Fortnite” and “PUBG.” Shares of the company
0 Comments
GoPro raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13%. The company’s action cameras, which are popular among surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from
0 Comments
Symantec CEO Greg Clark on CNBC. Symantec stock fell more than 15% Thursday after the security company said its president and CEO, Greg Clark, has stepped down. The company is looking for a permanent replacement. Symantec director Richard Hill, formerly CEO of Novellus Systems, was named interim president and CEO, effective immediately, according to a
0 Comments
Disney popped about 1% after reporting earnings and revenue that beat analyst estimates for its second quarter 2019. Here’s how Disney’s report compared to analysts’ estimates: Earnings per share: $1.61 per share, ex-items, versus $1.58 per share expected, per Refinitiv survey of analysts Revenue: $14.92 billion, versus $14.36 billion expected, per Refinitiv Disney reported a
0 Comments
Wendy’s reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken. The company refreshed its offerings by introducing ‘Made to Crave’ line of fresh beef burgers that come with ingredients such as applewood
0 Comments
A woman talks on a mobile phone as she walks past a Sprint Corp. store in Palo Alto, California. Kevin Winter | Getty Images Sprint on Tuesday reported deeper losses than feared of monthly phone subscribers despite discount offerings, raising concerns that the wireless carrier may not be sustainable if its pending merger with T-Mobile
0 Comments
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health on Wednesday crushed first-quarter expectations and raised its full-year forecast as the company’s newly acquired health insurance business boosted results and its pharmacies filled more expensive prescription drugs. Its stock price jumped 4%. Here’s what the company reported
0 Comments
Apple sales technicians confer in front of Apple product advertisements in the World Trade Center in New York City. Robert Nickelsberg | Getty Images Apple reported earnings for its March quarter Tuesday that fell in line with expectations, although revenue was down from the same period last year. However, Apple’s guidance for next quarter was
0 Comments
General Motors Chairman and CEO Mary Barra announces a $300 million investment in the GM Orion Assembly Plant plant for electric and self-driving vehicles at the Orion Assembly Plant on March 22, 2019 in Lake Orion, Michigan. Bill Pugliano | Getty Images General Motors reported higher-than-expected first-quarter profit as the company shaved costs and sold
0 Comments
Alphabet shares fell about 7% after Google’s parent company reported revenue that fell below analyst estimates for its first-quarter 2019. The drop wiped more than $60 billion off Alphabet’s market cap. Here’s what Alphabet reported compared to Wall Street’s expectations: Earnings per share: $11.90 per share, ex-items, vs. $10.61 expected, per Refinitiv survey of analysts
0 Comments