Earnings

Macy’s said Tuesday it will cut about 100 management jobs as looks trim costs and improve profitability amid declining sales. The department store chain was able to top lowered expectations for its fourth quarter. But same-store sales came up short of expectations, as tourism spending weakened toward the end of 2018. Macy’s was forced to
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Etsy jumped 10 percent in extended trading Monday after reporting fourth-quarter earnings that beat expectations. The company reported fourth quarter earnings of $0.32 per share on revenues of $200 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million. “By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results
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Dropbox stock rose slightly and then fell as much as 11 percent after the tech company reported disappointing guidance on its fourth-quarter earnings call on Thursday afternoon. Here’s how the company did in the quarter: Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv.
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Garmin on Wednesday forecast full-year revenue and profit above expectations after reporting strong fourth-quarter results on the back of higher demand for its smartwatches and navigation systems. Shares of the company, which has been bouncing back strongly in the past year after a smartphone-driven slide in demand for the car satnavs that made it famous,
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Walmart on Tuesday reported earnings and revenue for the holiday quarter that topped analysts’ expectations, as its e-commerce sales surged 43 percent thanks to more shoppers using its online grocery delivery service and spending more per trip. CEO Doug McMillon said “a favorable economic environment” has been helping Walmart grow sales and take market share
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Skechers stock rocketed 16 percent higher in trading Friday after the shoemaker gave strong profit guidance for the quarter ahead while reporting better-than-expected fourth-quarter earnings Thursday evening. “2018 was a year of record sales—our first fourth quarter of over a billion dollars and, combined with three previous record quarters, a new annual sales record of
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Hasbro‘s fourth-quarter earnings missed estimates by a wide margin, but investors shrugged off the news after the company outlined a promising slate of new toys for 2019. Shares of the toy maker were down 4.9 percent Friday after falling as much as 10 percent before the opening bell. The company teased new toys from popular
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Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
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Tapestry blamed falling tourist spending and a slowing global economy for a cut in its forecast for full-year adjusted profit on Thursday, as it reported disappointing holiday numbers and a fall in sales at Kate Spade handbags. Shares of the New York-based fashion house fell 12 percent to $34.53 in early trading after it said
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Daniel Acker | Bloomberg | Getty Images An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Eli Lilly cut its 2019 profit forecast on Wednesday, hit by a recent trial failure of conditionally approved cancer treatment Lartruvo and costs
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CEO Mary Barra’s tough turnaround plan at General Motors has already started paying off. GM’s fourth-quarter earnings, released Wednesday, beat Wall Street expectations on tighter cost controls and higher truck sales. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: $1.43 per share vs. $1.22 per share estimated Revenue: $38.4 billion
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Patrick T. Fallon | Bloomberg | Getty Images Andrew Wilson, chief executive officer of Electronic Arts Inc. (EA), speaks during the company’s EA Play event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Saturday, June 10, 2017. EA fell more than 14 percent after hours after reporting its third-quarter 2019
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Walt Disney reported earnings per share and revenue that topped analyst estimates Tuesday, helped by sales increases in its media networks and theme parks businesses, as the company said its sports streaming service ESPN+ now has 2 million paid subscribers. The earnings report comes as the entertainment giant expands its direct-to-consumer offerings amid growing competition
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Snap was able to maintain its user base at 186 million daily active users, flat from the previous quarter. Analysts were expecting the company’s user base to continue shrinking as it had over the past two quarters. The promising results come at a crucial time for the Los Angeles tech company, which had a rough
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MTV and Comedy Central owner Viacom missed Wall Street estimates for quarterly revenue on Tuesday, weighed down by declines in domestic advertising sales. Net income attributable to Viacom fell to $321 million, or 80 cents per share, in the first quarter ended Dec. 31 from $537 million, or $1.33 per share, a year earlier. Total
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