Earnings

Getty Images A John Deere 8600 tractor is displayed on opening day of the World Ag Expo on February 10, 2015 in Tulare, Calif. Deere reported weaker-than-expected earnings on Friday as rising costs take a bite out of the tractor company’s bottom line. Deere posted adjusted earnings per share of $2.59 for its fiscal third
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The company expects that in the fiscal third quarter its gross margin will come in at 62.8 percent, give or take 50 basis points, excluding certain items, which is in line with the FactSet analyst consensus. While Nvidia has become trendy given the use of its graphics cards for artificial intelligence computing, its chips are
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Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts’ expectations and also raised its outlook for the full year, citing momentum in its online business and robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom’s earnings followed mixed results from
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J.C. Penney on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, as it continues to grapple with an overhang of unsold merchandise. As fast fashion brands like Zara have trained shoppers to shop new styles more frequently, retailers like J.C. Penney have struggled to build a supply chain to support quick inventory changes
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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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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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