Intel CEO Robert Swan speaks at the Rakuten Optimism event in Yokohama, Japan, on July 31, 2019. Tomohiro Ohsumi | Getty Images PC makers are pointing at Intel as they tell Wall Street to expect lower revenue. Intel shares fell as much as 1.7% on Wednesday morning after both Dell and HP called out the
Earnings
Best Buy is one of many retailers impacted by the U.S.-China trade war. NurPhoto | Getty Images Best Buy shares surged more than 4% in premarket trading after reporting earnings and revenue that beat analysts’ expectations while also raising its earnings guidance. Here’s what Best Buy reported compared to what analysts were expecting, based on
Kayaks are displayed outside of a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported its strongest same-store sales gains since 2013, as its e-commerce sales grew 13% during the latest quarter, and it sold more apparel and footwear. The company
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer’s surfwear-themed Hollister clothing line. Sales at established stores were flat in the third quarter ended
Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Shares of Nordstrom spiked more than 10% during extended trading Thursday after the company reported fiscal third-quarter earnings that beat analysts’ estimates, and narrowed its 2019 earnings forecast. Although
Pure Storage CEO Charles Giancarlo. Ryan Anson | Bloomberg | Getty Images Pure Storage, a manufacturer of high-speed storage equipment for data centers, became the latest tech infrastructure provider to issue weak guidance, at least in part because of worsening macroeconomic conditions and the U.S.-China trade war. Pure Storage shares plunged 21% in Friday’s premarket,
A pedestrian carries a Macy’s Inc. shopping bag while walking past a store in New York. Idris Talib Solomon | Bloomberg | Getty Images Macy’s is set to report quarterly earnings before the bell on Thursday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share: Breakeven Revenue: $5.32 billion Same-store sales: a
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported Wednesday quarterly earnings that beat analysts’ expectations and raised its forecast for the year. However, revenue during the quarter fell short of expectations. Shares of Lowe’s were up about 5% in premarket
Customers shop at a Target store in Chicago. Scott Olson | Getty Images Target is set to report quarterly earnings before the bell on Wednesday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share: $1.19 Revenue: $18.49 billion Same-store sales: up 3.6% Many analysts expect Target to head into the holiday season
Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019. Luke Sharrett | Bloomberg | Getty Images Home Depot reported quarterly earnings that outpaced analysts’ expectations but sales fell short. Shares of Home Depot were down more than 5% in premarket trading. Here’s what the company reported compared
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s earnings and sales for the latest quarter fell short of analysts’ estimates, the company reported on Tuesday. It also cut its profit outlook for the full year. Its shares tumbled more than
Source: Medtronic Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday, buoyed by higher sales in its surgical instruments and restorative therapies businesses. Net income attributable to the company rose to $1.36 billion, or $1.01 per share, in the second quarter ended Oct. 25, from $1.12 billion, or 82 cents per
China’s Tencent Music Entertainment reported better-than-expected third-quarter revenue on Monday, as the streaming company added more paying users. However, it recorded the slowest rise in a widely watched metric for its biggest business, social entertainment services, which executives attributed to growing competition. Tencent Music’s U.S.-listed shares rose as much as 2% before trading down about
A sold sign stands outside a new home in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images D.R. Horton beat Wall Street estimates for quarterly profit and forecast 2020 home sales above estimates on Tuesday, as the No. 1 U.S. homebuilder benefits from strong demand on
Tyson Foods’ frozen chicken products. Daniel Acker | Bloomberg | Getty Images Tyson Foods fell short of Wall Street estimates for quarterly sales on Tuesday, as the No.1 meat processor in the United States was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity. Shares of
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health reported third-quarter earnings that beat Wall Street’s estimates as its Aetna insurance business helped juice the company’s profit by 10%. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts
A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Shares of Expedia and TripAdvisor both reached new year-to-date lows during mid-day trade Thursday, tumbling as much as 25%. The stock plunge comes after both the travel service stocks reported third-quarter earnings misses after the bell Wednesday. Expedia
Disney shares were up more than 5% after the company reported an earnings beat for its fiscal fourth-quarter on Thursday. Here are the key numbers: Earnings per share: $1.07, adjusted, vs. 95 cents expected, according to Refinitiv Revenue: $19.1 billion vs. $19.04 billion expected, according to Refinitiv Disney’s fiscal fourth-quarter earnings arrive just days before
Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox shares bounced around after the company reported better-than-expected third-quarter earnings on Thursday, as investors digested the company’s improvements on some key metrics but widening GAAP losses from a year ago. Here are
Roku stock tanked more than 14% in after-hours trading after the company reported Q3 results. Here’s what the company reported, compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Adjusted loss per share: 22 cents Revenue: $261 million vs $256.9 million, according to Refinitiv consensus estimates Analyst surveyed by Refinitiv
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