Earnings

Accenture reported a better-than-expected quarterly profit, as the consulting and outsourcing services provider gained from its push into digital and cloud services. The company also forecast current-quarter revenue between $9.15 billion and $9.40 billion, the low end of which was in line with analysts’ estimates. Digital, cloud and security services accounted for more than half
0 Comments
Conagra, the maker of Reddi-Wip whipped cream and Chef Boyardee pasta, reported better-than-expected second-quarter revenue and profit on Thursday, as consumers stocked up on food items because of hurricanes. Conagra’s shares were up 2.2 percent in premarket trading, even as the company warned that higher-than-anticipated inflation, hurricane-related costs, and increased investments to expand distribution were
0 Comments
Justin Sullivan | Getty Images Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. General Mills raised its full-year organic sales growth forecast and reported second-quarter sales that topped Wall Street estimates, helped by strong demand for its cereal and snack brands such as Lucky
0 Comments
Package delivery company FedEx on Tuesday reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit. The Memphis-based company, often considered a bellwether for the U.S. economy like its main rival United Parcel Service, posted fiscal second-quarter
0 Comments
General Motors shares rose Tuesday after RBC Capital Markets upgraded the stock to outperform. “We believe GM guides 2018 above consensus leading to positive earnings revisions,” wrote analyst Joseph Spak. “The stock fits squarely into our preferred narrative for 2018 — increased confidence on downturn resiliency with a seat at the table on new mobility.”
0 Comments
Getty Images A Costco store in Richmond, Calif., March 6, 2014. Retailer Costco Wholesale on Thursday reported quarterly profit and revenue that beat analysts’ estimates, as its investments in online business paid off. The membership-based retail chain has been investing heavily to bolster its e-commerce capabilities, launching initiatives such as two-day delivery on dry groceries
0 Comments
Photoshop maker Adobe Systems on Thursday reported a better-than-expected quarterly revenue and profit, driven by strength in its digital media business, which houses its flagship product Creative Cloud. Shares of the company, which also forecast first-quarter profit above estimates, were up 1.7 percent at $178 in extended trading. The shift to cloud-based subscription has brought
0 Comments
Oracle on Thursday saw its stock fall by more than 4 percent after reporting better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on Nov. 30. EPS: Excluding certain items, 70 cents in earnings per share vs. 68 cents expected by analysts, according to Thomson Reuters. Revenue: $9.62 billion vs. $9.57
0 Comments
American Eagle Outfitters on Wednesday forecast strong earnings for the key holiday selling season and delivered third-quarter comparable sales ahead of Wall Street targets, driven by robust demand for its Aerie line of lingerie. The news sent shares of the apparel maker up nearly 4 percent to $16.71 in premarket trading. American Eagle expects earnings
0 Comments
Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results on Thursday after its aggressive discounting lured more customers to its stores, sending its shares up 12.5 percent. Kroger said sales at identical stores open at least a year would exceed 1.1 percent in the fourth quarter as its efforts to
0 Comments
David Paul Morris | Bloomberg | Getty Images An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017. Uber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at
0 Comments
UnitedHealth Group shares dipped in after-hours trading Monday on news that the managed health-care giant issued a disappointing earnings forecast. Shares dropped more than 2 percent in trading after the bell, before regaining ground. Shares were recently down about 1.5 percent. UnitedHealth projected revenue for 2018 that would be only marginally higher than most earlier
0 Comments
U.S. tractor maker Deere on Wednesday forecast strong earnings for the coming fiscal year, while reporting fourth-quarter results ahead of Wall Street estimates, as it benefits from improving demand for farm machinery. Shares of the Moline, Illinois company known for its trademark green tractors rose 5 percent in premarket trading and were on track to
0 Comments
Enterprise software company Salesforce.com saw its stock sink on Tuesday after it reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on Oct. 31. Salesforce stock was about 2.1 percent lower in premarket trading Wednesday. EPS: Excluding certain items, 39 cents per share vs. 37 cents per share as expected
0 Comments
Dollar Tree, the biggest U.S. dollar-store chain operator, on Tuesday reported third-quarter comparable store sales and profit that beat Wall Street estimates, helped by higher customer traffic and spending at its stores. Sales at stores open for more than a year rose 3.3 percent, above the 2.4 percent rise expected by analysts, while same-store sales
0 Comments
Campbell Soup, which missed Wall Street estimates for first-quarter profit and revenue, said harvest delays of its carrot crop in California and higher costs are likely to hurt its earnings in the current quarter. Shares of the company were down 7 percent at $46.39 in late morning trading. The company, which sells the Bolthouse Farms
0 Comments
Lowe’s reported third-quarter earnings and sales that outpaced analysts’ expectations, as more shoppers turned up at its stores for emergency supplies and repairs following devastating hurricanes and wildfires. The home improvement retailer’s shares were climbing more than 1.5 percent in premarket trade Tuesday on the news. Here’s what Lowe’s reported, compared with what Wall Street
0 Comments