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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And it’s not just customers or employees they’re sending a message. Steph Curry, star guard for the NBA champion Golden State Warriors and the highest-profile athlete on Under Armour’s roster, tweeted a series of applause emojis after Plank’s announcement. In February, Curry issued a sharp rebuke when Plank talked up the president’s business bona fides
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Finally, Cramer went over Home Depot’s post-earnings conference call, during which executives fielded analyst questions that painted the retailer as one of Amazon’s more vulnerable rivals. After delivering itsbest quarterly report ever, Home Depot’s stock was eviscerated from that conference call, which Cramer said left him outraged and disheartened. “The incredible thing is that even
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Spencer Platt | Getty Images News | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Check out which companies are making headlines after the bell: Shares of Agilent Technologies shot up more than 4 percent in extended trading after reporting its
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Member of Manufacturing Jobs Initiative. Status: Resigned June 1. Musk resigned from the council following Trump’s announcement he would be withdrawing the United States from the Paris climate accord. Musk wrote in a tweet, “Am departing presidential councils. Climate change is real. Leaving Paris is not good for America or the world. Bill Brown and
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Warren Buffett’s Berkshire Hathaway invested more money in financial stocks. Berkshire Hathaway reported a 17.5 million share stake in Synchrony Financial in its June quarter 13F filing revealed Monday. The position is worth nearly $520 million using Monday’s closing stock price. Synchrony shares rose over 4 percent midday Tuesday after the news. Synchrony is the
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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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As they approach retirement age, older Americans are becoming steadily more pessimistic about their economic prospects. Where they choose to spend their golden years could make all the difference. A little more than half of working-age households are at risk of being unable to maintain their current standard of living in retirement, according to the
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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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Reuters Staff | Reuters Kyoto University Professor Hiroyuki Yano, who is leading research in making auto parts using wood, at his laboratory in Kyoto, Japan on July 25, 2017. The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute
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Check out which companies are making headlines after the bell: Shares of Pandora shot up nearly 4 percent in extended trading after the company announced a new CEO at the closing bell. Roger Lynch, former head of online TV provider Sling, will take over for Pandora’s founder, Tim Westergren, who became CEO of the company
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If your health-care needs entail more than an annual physical, keep this in mind: Signing on to a new health plan mid-year means starting from scratch on spending toward the deductible and out-of-pocket maximum. “For some people, that’s several thousand dollars,” said Karen Frost, senior vice president of health strategy and solutions for Alight Solutions.
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