Earnings

Wendy’s reported lower-than-expected quarterly profit and sales as increased competition, lower grocery prices and hurricanes hit traffic at restaurants, leading the burger chain to cut its full-year adjusted earnings per share forecast. The company’s shares were down 3.5 percent to $14.22 in morning trade on Wednesday. Wendy’s also said higher commodity costs hurt profit margins
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JPMorgan shared with clients its favorite department store stock picks ahead of a slew of earnings reports in the next week. While analyst Matthew Boss expects “mixed performance” across his coverage, a number of “wildcards” should keep investors on their toes through year-end. “With the heart of third-quarter earnings kicking off Thursday with the Department
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Facebook’s Instagram has more than 500 million daily users, while Snapchat is sitting at 128 million. Instagram has an easy-to-use interface that makes it a cinch to snap short videos and post them to friends and family. And your friends and family are probably already on Instagram since it uses the same credentials as Facebook.
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Sears Holdings announced Wednesday a number of steps it’s taking to gain liquidity as its sales continue to erode at a double-digit pace. Sears struck an agreement with guardians of its underfunded pension fund — the Pension Benefit Guaranty Corp. — to allow for the sale of 140 Sears properties, though the company didn’t say
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Snap is soaring ahead of its earnings Tuesday after the bell, and traders are expecting an even bigger move for the stock following its report. Since Snap’s IPO on March 2, shares have fallen more than 12 percent. As the company gears up for its third earnings report as a public company, the options market
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Shares of Blue Apron plummeted more than 16 percent on Tuesday after the meal-kit service’s CEO said the company’s new fulfillment center in Linden, New Jersey, was a drag on profits. “Today Linden is performing as our worst margin operating center because it’s very new,” CEO Matt Salzberg said during the RBC Capital Markets Technology,
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TripAdvisor shares fell sharply after the company posted hotel revenue that missed Wall Street expectations Monday. Here’s how the company did compared with what the Street expected: EPS: 36 cents vs. 35 cents expected, according to Thomson Reuters Overall revenue: $439 million vs. $451.8 million expected, according to Thomson Reuters Hotel revenue: $312 million vs.
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Shares of The Priceline Group fell after hours Monday after the company reported disappointing fourth-quarter guidance that overshadowed positive third-quarter results. Here’s how the company did compared with what Wall Street expected: EPS: $35.22 per share vs. $34.25 expected by analysts surveyed by Thomson Reuters. Revenue: $4.43 billion vs. $4.34 billion expected in the Thomson
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Adjusted EPS: $1.50 cents vs. of $1.48 expected, according to Thomson Reuters Revenue: $46.2 billion vs. $46.17 billion expected, according to Thomson Reuters The drugstore operator also announced it would start next-day delivery from its stores in 2018, a move some analysts are saying comes in response to Amazon’s encroaching presence within the space. “We
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CBS, owner of the most-watched U.S. TV network, on Thursday reported revenue that missed Wall Street estimates largely due to lower ad sales, sending shares lower. The company’s shares were down 1 percent on Friday morning. CBS, like its peers, is looking to diversify its revenue away from advertising as more advertisers shift spending to
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Daniel Boczarski | Getty Images A cosplayer dressed as Blackhardt from ‘Overwatch’ attends the C2E2 Crown Champions of Cosplay at McCormick Place on April 22, 2017 in Chicago, Illinois. Activision Blizzard reported earnings and revenue that beat expectations Thursday and raised its full-year guidance. Here’s how the company did compared with what Wall Street expected:
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Pandora Media on Thursday reported mixed quarterly results. Here’s how the company did compared with what Wall Street expected: Loss per share: 6 cents vs. 8 cents expected, according to Thomson Reuters Revenue: $379 million vs. $380.6 million expected, according to Thomson Reuters Active listeners: 73.7 million vs. 74.6 million expected, according to StreetAccount Listener
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Gross margins were 37.9 percent during the quarter, slightly below the 38 percent expected by a StreetAccount consensus estimate — meaning Apple is selling products that are more expensive to make. This all comes as Apple moves within arm’s reach of a trillion-dollar valuation, securing its place as the most valuable public company in the
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Teva Pharmaceutical Industries, the world’s biggest generic medicine maker, warned on 2017 earnings on Thursday after reporting a fall in third-quarter profit hurt by competition in the U.S. market. Shares plunged nearly 18 percent on Thursday morning. A day earlier U.S. shareholder Allergan announced it would begin selling down its 10 percent stake in the
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Chinese e-commerce giant Alibaba said on Thursday its quarterly revenue climbed 61 percent, beating analysts’ estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.34 billion) in revenue for the July-September quarter, above a 52.2 billion yuan forecast by analysts polled by Reuters.
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Blue Apron‘s customer base is shrinking, but those who are staying are spending more. The number of customers Blue Apron served in the third quarter shrank 6 percent from a year earlier and 9 percent from the previous quarter. Average revenue per customer increased to $245 from $227 from the same time last year, but
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Qualcomm is set to report its fourth quarter earnings and revenue after the bell on Wednesday. Here’s how Wall Street expects the company to perform: Earnings per share of 81 cents, according to Thomson Reuters Revenue of $5.8 billion, according to Thomson Reuters Qualcomm is engaged in a costly legal battle with Apple over licensing
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Electronic Arts reported quarterly revenue that met analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Revenue: $1.18 billion vs. $1.18 billion expected according to Thomson Reuters consensus estimates. For the full year, EA said it expects net bookings of $5.15 billion, as compared with Wall Street estimates of
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Mastercard on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected by analysts surveyed by Thomson Reuters. Revenue: $3.4 billion vs. $3.28 billion expected in the Thomson Reuters survey. Share prices rose 1.8 percent in the premarket after
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Merck reported profit ahead of Street estimates on strong sales of its cancer drug Keytruda but total revenue fell in the quarter from disruptions due to the NotPetya cyber attack and loss of market share for many of its older drugs. Sales of Keytruda more than doubled to $1.05 billion in the third quarter but
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