Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Traders are begging the Federal Reserve for several rate cuts this year to salvage an economy they see set to slow significantly because of worsening trade disputes. The market cheered this week when Fed
Earnings
The logo for Campbell’s Soup appears above a trading post on the floor of the New York Stock Exchange. Richard Drew | AP Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%.
A pedestrian passes a Tiffany & Co. location. Yuriko Nakao | Bloomberg | Getty Images Tiffany cut its full-year profit outlook after the luxury jeweler blamed “dramatically” lower spending by tourists worldwide for missing estimates for quarterly same-store sales on Tuesday, sending its shares down nearly 5%. The company said it now expects earnings per
An employee arranges merchandise at a Dollar General store in Arvada, Colorado. Rick Wilking | Reuters Dollar General beat analysts’ estimates for quarterly same-store sales on Thursday, as customers spent more on groceries, seasonal products and home goods at the discount retailer’s stores. The company reported a 3.8% rise in same-store sales, beating the average
Uber reported earnings for its first time since its public market debut earlier this month, reporting revenue at the top end of its preliminary estimates and roughly matching analyst estimates for net losses. The stock barely moved on the news of the report but rose more than 3% during executives’ call with analysts as they
Art Peck, president and chief executive officer of Gap Inc. David Paul Morris | Bloomberg | Getty Images Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates. Its shares cratered more than 10% in after-hours trading, having closed the day at a fresh low of $20.60
Costco Wholesale on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases. The warehouse club operator is the latest American retailer to warn of tariff hit, after dollar store chains
SAN FRANCISCO, CA – SEPTEMBER 25: Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. The week-long Oracle Open World conference runs through September 26. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Dell Technologies
Pedestrians walk past a Dollar Tree Inc. store in Detroit, Michigan, U.S. Sean Proctor | Bloomberg | Getty Images Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading before the bell. The company said the forecast includes the impact of
As Uber prepares to report its quarterly earnings for the first time as a public company, investors and analysts will be looking for signals to answer one question: Will Uber ever become profitable? The ride-hailing company reports earnings after Thursday’s closing bell. It has already projected a net loss of at least $1 billion for
PVH Corp. cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours. Escalating trade tensions
Dick’s Sporting Goods Scott Olson | Getty Images Shares of Dick’s Sporting Goods jumped Wednesday after the company reported quarterly earnings that topped analysts’ estimates and raised its full-year outlook. The sporting goods retailer’s stock was up as much as 6.2% in premarket trading on the news, having climbed about 18% over the past 12
An Abercrombie & Fitch store in San Francisco. Getty Images Shares of Abercrombie & Fitch tanked Wednesday morning after the teen apparel retailer reported weaker-than-expected same-store sales growth and said it plans to close three more of its flagship stores, including a Hollister location in New York. Its stock was down more than 16% in
A shopper checks on merchandise at the J.C. Penney department store in North Riverside, Illinois. Kamil Krzaczynski | Reuters For department stores, there may be no time left for subtlety. It is time for reinvention. A slew of retail earnings the past two weeks makes clear that while Americans continue to shop, they increasingly aren’t
Shares of Foot Locker tumbled in early trading Friday on weak profit and revenue numbers. The shoe retailer also cut its outlook for the year. Foot Locker now expects full-year earnings per share to be up by high-single digits, a more reserved outlook than the double digit increase it had forecast earlier. The company cited
Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Shares of L Brands, the owner of Victoria’s Secret and Bath & Body Works, rose nearly 11% in
Employees work on stent graft components in a sterile environment at the Medtronic assembly plant in Tijuana, Mexico. David Maung | Bloomberg | Getty Images Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valves and stents. Net income attributable
Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services. Best Buy’s overall same-store sales rose 1.1% in the first quarter ended May 4. Analysts on average had expected a 0.9% increase,
Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images Target is set to report first-quarter earnings before the bell Wednesday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share, adjusted: $1.43 Revenues: $17.52 billion Same-store sales: up 4.2% Target’s earnings follow those of rival Walmart
Lowe‘s shares plummeted 9% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the fiscal year. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Earnings per share: $1.22 adjusted, vs. $1.33 estimated Revenue: $17.741 billion, vs. $17.664 billion
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