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
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
Chesnot | Getty Images Gamers play the video game ‘Call of Duty WWII’ developed by Sledgehammer Games and published by Activision during the ‘Paris Games Week’ on October 31, 2017 in Paris, France. Activision Blizzard’s “Call of Duty: WWII” game sales are coming in significantly above last year’s iteration of the blockbuster franchise. The game
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.
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
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
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,
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.
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
Mylan on Monday raised the lower end of its 2017 forecasts as the U.S. drugmaker expects to benefit from the earlier-than-expected approval of its copycat of Teva’s blockbuster multiple sclerosis treatment Copaxone. Shares of the company reversed course and rose 1.5 percent to $36.25 in premarket trading on Monday. Mylan raised the lower end of
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
Starbucks hit the reset button Thursday. The coffee company, which reported revenue that fell below Wall Street expectations, and earnings per share that were in line with expectations, initiated a new long-term outlook, slashing earnings estimates for 2018. But its CEO is feeling optimistic about the brand’s ability to meet and exceed those new targets,
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
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:
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
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
Starbucks reported revenue that missed analysts’ expectations on Thursday, sending shares down more than 3 percent. The miss shows the Seattle cafe chain continues to regain its footing amid a more challenging retail and restaurant landscape in the U.S. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: 55 cents vs.
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
All three of Yum’s brands, which also includes KFC and Taco Bell, beat expectations for same-store sales growth during the quarter, according to StreetAccount. Taco Bell reported same-store sales growth of 3 percent, above Wall Street estimates of 2.5 percent; Pizza Hut saw growth of 1 percent, exceeding forecasts of a 0.7 percent decline; and
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.
Bombardier said on Thursday it received a letter of intent from a European customer to buy up to 61 CSeries jets, while reporting a larger loss for the third quarter. The Canadian plane and train maker said the letter of intent includes 31 firm orders and options for another 30 jets. Based on list prices,
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
Tesla shares fell Wednesday after the company posted a wider-than-expected loss as it spent heavily to ramp up production of its Model 3, its first mass market electric sedan. Complications with Tesla’s manufacturing processes have slowed production of the Model 3, a car widely considered key to Tesla’s future success. Hopes for the Model 3
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
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
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
Under Armour reported third-quarter revenue on Tuesday that fell short of analysts’ expectations on account of weaker demand in North America. The athletic footwear and apparel retailer also trimmed back its profit and revenue expectations for the full year. Under Armour said it anticipates a “difficult backdrop” in North America — its largest market —
Another handful of tech giants is scheduled to report earnings this week, and if last week was any indication, it could be another blowout. Massive post-earnings moves from Alphabet, Amazon, Intel and Microsoft propelled the Nasdaq to record highs Monday and added a combined market cap of more than $155 billion since the results Thursday
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
Shares of Chevron fell on Friday as the oil major said its overall U.S. production fell in the third quarter despite output increases in the Gulf of Mexico and the Permian basin, the epicenter of the American drilling recovery. The higher production from the key oil-producing regions was offset by asset sales and the natural