Earnings

Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion of everything from food
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Shares of L Brands fell nearly 7 percent after the company lowered its guidance for the year. The retailer, which owns stores such as Victoria’s Secret and Bath & Body Works, beat Wall Street’s expectations. It reported second quarter earnings of 48 cents per share and revenue of $2.76 billion, compared with Thomson Reuters expectations
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As for guidance, Cisco said for the first quarter of the 2018 fiscal year, it expects 59-61 cents in earnings per share on 1 to 3 percent less revenue than it received for the year-ago quarter. Analysts were expecting 60 cents in earnings per share and $12.05 billion in revenue for guidance for the current
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SUNNYVALE, Calif. (AP) _ NetApp Inc. (NTAP) on Wednesday reported fiscal first-quarter earnings of $136 million. On a per-share basis, the Sunnyvale, California-based company said it had net income of 49 cents. Earnings, adjusted for one-time gains and costs, were 62 cents per share. The results surpassed Wall Street expectations. The average estimate of 11
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Target reported earnings, revenue and same-stores sales on Wednesday that topped analysts’ expectations for the second quarter, fueled by a jump in online transactions. With more shoppers returning to its brick-and-mortar stores and ringing up purchases on Target.com, the discount retailer raised its outlook for 2017, as signs appeared that its turnaround efforts are making
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Shares of Urban Outfitters soared Wednesday after the retailer reported earnings and revenue that topped expectations. In premarket trading, the retailer’s shares surged more than 20 percent. Here’s what Wall Street was expecting: Earnings per share: 44 cents per share, vs. 37 cents expected, according to a survey of analysts by Thomson Reuters. Revenue: $873
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TJX Cos., the owner of off-price retail chains T.J. Maxx and Marshalls, reported better-than-expected quarterly profit and sales on Tuesday as its discounts attracted shoppers turning away from department stores and mall-based retailers. TJX sells home furnishings, apparel and accessories of brands such as Tommy Hilfiger and Marc Jacobs at prices 20 percent to 60
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EPS: 50 cents versus 49 cents expected, according to Thomson Reuters. Revenue: $1.13 billion versus $1.51 billion expected, according to Thomson Reuters. North American comparable store sales: up 4 percent versus 3.6 percent expected, according to StreetAccount. Net income rose to $152 million, or 53 cents per share, from $82 million, or 29 cents per
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Home Depot on Tuesday reported its highest quarterly revenue in the company’s history, with same-store sales also blowing past Wall Street expectations. While many retailers are struggling to grow sales, Home Depot is riding the home improvement trend as shoppers continue to invest in their homes. Lumber, flooring and electric grills were some of its
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J.C. Penney‘s stock was in free fall Friday after the besieged retailer turned in a mixed report for the second quarter. With earnings and same-store sales falling short of Wall Street estimates, Penney’s shares sank more than 16 percent shortly in early trading, at one point hitting a low not seen since at least 1972.
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But there are more challenges ahead. Chief financial officer Drew Vollero said on a conference call that the company would continue at a slower pace of hiring in the third quarter, noting that the third quarter of last year saw revenue boosts from tentpole events like the Summer Olympics and election. Plus, Vollero said, new
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Graphics chipmaker Nvidia saw its stock fall more than 7 percent on Thursday after it reported stronger-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. EPS: Excluding certain items, $1.01 in earnings per share vs. $0.70 in earnings per share as expected by analysts, according to Thomson Reuters.
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Nordstrom reported second-quarter earnings and sales on Thursday that topped analysts’ expectations, sending shares of the stock higher after market close. Same-store sales — a metric monitored closely by Wall Street — for the company were also positive, a rare outcome among department stores of late. Nordstrom said its results this period were fueled by
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Getty Images (L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. News Corp reported quarterly earnings
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Shares of Blue Apron plunged Thursday after the meal-kit delivery company said during its earnings call that it was encountering unexpected costs tied to starting up a new facility. These costs, as well as further cuts in marketing spending, will likely result in more losses in the second half of the year. Blue Apron now
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With new CEO Jeff Gennette at the helm, Macy’s showed some signs Thursday of attaining his goal of returning to growth in same-store sales. Macy’s reported that second-quarter sales comps — including those made in departments licensed to third parties — fell 2.5 percent, but that was better than the 3.2 percent decline expected by
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21st Century Fox announced fourth-quarter earnings that beat expectations and revenue that narrowly missed. Here’s how the company did compared with what Wall Street expected: EPS: 36 cents vs. 35 cents, according to Thomson Reuters Revenue: $6.75 billion vs. $6.77 billion, according to Thomson Reuters The company’s earnings fell to 36 cents per share from
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Mylan’s stock bounced back in midday trading Wednesday from lower-than-expected second quarter earnings after the company’s management said its generic drug Advair is not being delayed by further FDA-required studies. After shares of the drug-maker dropped as far as 8 percent in premarket trading, Mylan’s CEO Heather Bresch clarified on a call with investors that
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The company also announced that it will no longer stream its movies on Netflix starting in 2019. Disney instead plans to launch in 2019 a direct-to-consumer streaming service, which will host its films exclusively. In a Tuesday interview with CNBC’s Julia Boorstin on “Closing Bell,” Iger said that Disney has “no plans” to pull Marvel
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Tesla posted a narrower-than-expected second-quarter loss Wednesday, boosted by revenue that nearly doubled. The strong revenue was driven by deliveries of its Model S sedans and Model X SUVs, helping to relieve investor concerns that the upcoming Model 3 was cannibalizing sales of its higher-end models. Here’s how the company did compared to what Wall
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If consumers are holding out for the next iPhone, they’ve still been spending plenty of money at Apple Stores in the meantime. Shares were set to open at a record high Wednesday, with a market capitalization of over $830 billion, after the iPhone maker reported better-than-expected earnings. The stock climbed more than 6 percent in
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“It’s what I’d call a lame-duck quarter,” Nehal Chokshi, an analyst at Maxim Group, told CNBC’s “Squawk Box” on Monday. “It doesn’t really matter what they say or do. And this is because everybody knows that the June quarter results, you know — we’re at the end of the product cycle. And everybody gives them
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In conjunction with the restructuring plan, Under Armour expects to incur pretax charges of $110 million to $130 million in fiscal 2017. Most of these charges will show up in the third quarter, the company said. The charges include expenses related to facility and lease terminations, employee severance and benefit costs and contract terminations, Under
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Sprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including
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