Earnings

Walmart is set to report second-quarter earnings before the bell on Thursday. Here’s what analysts are expecting, based on a survey by Thomson Reuters: * Earnings per share: $1.22* Revenue: $125.97 billion* Same-store sales: an increase of 2.2 percent Walmart has been focused on bulking up its online platform to compete with its biggest rival,
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Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and
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Net income for the second quarter ended Aug. 4 was $166 million, or 53 cents a share, compared with $111 million, or 36 cents a share, a year earlier. Excluding one-time items, Macy’s earned 70 cents per share, far exceeding analysts’ expectations for 51 cents a share, according to a poll by Thomson Reuters. Revenue
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Tapestry on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, driven by strong performance of its Kate Spade brand. Shares of the company, formerly known as Coach, rose nearly 12 percent, as investors reacted to signs the company’s efforts to improve its performance are gaining traction heading into the holiday season. Tapestry has
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Home Depot reaped the benefits of a warmer start to the summer, following a rocky spring season, and on Tuesday reported second-quarter earnings and sales that surpassed analysts’ expectations. The home improvement retailer also raised its outlook for both revenue and same-store sales for the full year, as the number of customer transactions jumped during
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News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses. News Corp’s subscription video services division that includes Australian pay TV company Foxtel — acquired by Rupert Murdoch-controlled News Corp earlier this year
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“I’m really excited to see what he does next,” Houston said of Woodside in an interview with CNBC’s Aditi Roy on Thursday. Woodside took a seat on the board of enterprise software company ServiceNow in April. Dropbox’s revenue was up 27 percent year over year in the second quarter, the company said. It had 11.9
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Yelp shares jumped after the online review website reported a better-than-expected profit. The company’s shares are up 29 percent Thursday, a day after it posted second-quarter earnings-per-share of 12 cents versus the 1 cent Thomson Reuters consensus. Yelp also reported sales of $235 million for the quarter versus Street expectations of $232 million. The company
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Media company Viacom reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors. The company said worldwide affiliate revenue fell 3 percent to $1.15 billion, missing estimates of $1.16 billion, according to research and data analytics firm
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German sportswear firm Adidas reported stronger-than-anticipated second-quarter net profit on Thursday, with the company saying it remains firmly on track to hit its full-year targets despite taking an impairment charge on its struggling Reebok brand. Net profit over the second quarter rose 20 percent to 418 million euros ($485 million), beating analyst expectations of 387
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The New York Times reported a better-than-expected quarterly profit but the company added fewer paid digital subscribers, sending its shares down about 5 percent. The company added 109,000 paid digital subscribers in the second quarter, compared with 114,000 a year earlier, when it offered heavy discounts for annual subscriptions. Digital advertising revenue, which accounts for
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CVS Health‘ topped Wall Street’s expectations with its retail pharmacy business fueling growth despite fewer customers shopping in the front of its stores. Revenue from CVS’ retail pharmacy segment reached $20.7 billion, up 5.7 percent from the year-ago quarter, driven by an 8.3 percent increase in pharmacy revenue. Revenue from front-end sales, which includes goods
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Disney’s broadcasting business saw a stunning 43 percent year-over-year growth in operating income to $361 million amid higher program sales, affiliate revenue growth and network advertising revenue. The company said higher sales of “Designated Survivor, “How to Get Away with Murder” and “Grey’s Anatomy” helped drive that increase. In April, Disney launched ESPN Plus, a
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Snap shares were volatile in post-market trading after the company beat earnings estimates, but daily active users (DAUs) fell due to redesign issues. The company also issued revenue guidance for the first time, but it was lower than estimated. It advised third-quarter revenue at $265 million to $290 million, shy of the FactSet estimate of
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Brendan McDermid | Reuters Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., takes a selfie photo during his company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2016. Twilio soared to a new all-time high Tuesday after the cloud software
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Marriott International on Monday signaled weakness in revenue per available room (revPAR) in North America, its largest market, for the third quarter, sending shares of the world’s largest hotel chain down about 4 percent. The company expects revPAR, an important metric that measures a hotel chain’s health, to increase by 1.5 percent to 2 percent
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David Paul Morris | Bloomberg | Getty Images David Zaslav, president and chief executive officer of Discovery Communications Inc. Discovery missed analyst estimates for quarterly profit on Tuesday, as the owner of Discovery Channel and Animal Planet took on more costs related to integration of the recently acquired Scripps network. The company’s shares fell 3.4
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Twilio’s guidance for the third quarter also beat estimates. The company said it expects earnings per share of 2 cents to 3 cents, excluding certain items, on revenue of $150 million to 152 million. Analysts had expected Twilio to break even in terms of earnings on $135.9 million in revenue in the third quarter, according
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Investors came into this earnings season with high hopes as FactSet had forecast year-over-year profits to grow by 20 percent in the second quarter. So far, second-quarter earnings have increased by 24 percent through Friday. At this rate, quarterly earnings are on pace to post their second-highest year-over-year growth since the third quarter of 2010,
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Ty Wright | Bloomberg | Getty Images Signage is displayed outside of the Cardinal Health Inc. headquarters in Dublin, Ohio. U.S. drug distributor Cardinal Health beat analyst estimates for adjusted fourth-quarter profit on Monday, supported by higher sales in its pharmaceutical and medical devices businesses. The company has been plagued with issues at its Cordis
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