Earnings

Kohl’s on Thursday reported fourth-quarter earnings and revenue that beat analysts’ expectations, fueled by strong sales growth and tighter controls over inventory. The company said it trimmed excess inventory by 7 percent in 2017, which boosted profit margins and created an overall cleaner shopping experience in stores. It also revealed it would tap Aldi as
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One market watcher is making the bull case for Nordstrom ahead of its quarterly earnings report coming Thursday afternoon. Mark Tepper, president and CEO of Strategic Wealth Partners, would recommend buying shares of the company into earnings. Here are his reasons. • Nordstrom, widely reported to be working toward going private, looks like a buy
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Salesforce stock rose 2 percent shortly after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. Here’s how the company did: Earnings: Excluding certain items, 35 cents in earnings per share vs. 33 cents as expected by analysts, according to
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Off-price apparel retailer TJX on Wednesday beat analysts’ estimates forholiday-quarter same-store sales as discounts drew more shoppers to its Marmaxx and TJX Canada stores, sending its shares to a record high. The company’s shares rose as much as 8.6 percent to $83.95 in early trading. TJX, which has succeeded in bucking the larger slowdown in
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Lowe’s and Valspar owner Sherwin-Williams are deepening a decades-old relationship, making the home improvement retailer the sole distributor in the home category of popular paint brands including Minwax, Cabot, and Thompson’s WaterSeal. Sherwin-Williams will continue to operate its own retail storefronts, as it skips over other major retailers for outside distribution in this deal. The
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Macy’s on Tuesday reported earnings and same-store sales for the holiday period that topped analysts’ expectations, though revenue fell short. The department store chain said it would be accelerating initiatives related to its real estate, technology and merchandising to return the business to same-store sales growth for the year. Same-store sales for fiscal 2017 were
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SeaWorld Entertainment posted a fourth-quarter loss of $20.4 million and says CEO Joel Manby is stepping down. John Reilly, the chief parks operations officer, will take over on an interim basis. On a per-share basis, the Orlando, Florida, company had a loss of 24 cents, which is worse than the per-share loss of 18 cents
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U.S. luxury homebuilder Toll Brothers reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading. Toll’s results underscore strong demand in the housing market despite climbing interest rates and supply constraints including higher labor and raw material costs.
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Cybersecurity company Palo Alto Networks’ quarterly revenue and profit topped Wall Street estimates and the company gave an upbeat third-quarter forecast, helped by better-than-expected growth in its product business. The company’s shares rose 5.1 percent to $178 after the bell on Monday. Revenue in the company’s product business, which includes firewall protection software Panorama, rose
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Shares of Fitbit plunged as much as 12 percent in pre-market trading Tuesday — a day after a disappointing quarterly report. Shares shed as much as 15 percent in extended trading Monday. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters
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Hewlett Packard Enterprise shares skyrocketed as much as 19 percent on Thursday after the company reported first quarter financial results that blasted past analysts’ expectations on top and bottom lines. Here’s how the company did compared with what Wall Street expected: EPS: 34 cents vs. 22 cents expected according to Thomson Reuters Revenue: $7.67 billion
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The Cheesecake Factory on Wednesday reported fourth-quarter earnings of $57.7 million. On a per-share basis, the Calabasas Hills, California-based company said it had profit of $1.24. Earnings, adjusted for pretax gains, were 53 cents per share. The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also
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Roku shares plunged 18 percent Thursday, a day after the maker of digital streaming devices provided a revenue estimate that trailed analysts’ estimates. Roku said sales in the first quarter will be $120 million to $130 million, falling short of the $131.7 million average estimate of analysts surveyed by Thomson Reuters. Here’s what Roku reported
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Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
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Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
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Home Depot on Tuesday reported earnings and sales for the fourth quarter of fiscal 2017 that topped Wall Street’s expectations, as more shoppers flocked to its stores and rung up bigger tickets during the period. Here’s what the company reported compared with what analysts were expecting, based on a Thomson Reuters survey: Earnings per share:
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