Vans sneakers on beach Source: Vans Apparel maker VF Corp exceeded Wall Street’s quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face. Net income fell to $128.8 million, or 32 cents per share, in the fourth quarter ended March 30, from $252.8 million, or 63 cents per
Earnings
Patrick T. Fallon | Bloomberg | Getty Images Home Depot on Tuesday reported first-quarter earnings that beat analysts expectations, but same-store sales fell short fo estimates. Here’s how the company did, compared to what Wall Street expected, according to Refinitiv consensus estimates Earnings per share: $2.27, vs. $2.18 expected Revenue: $26.381 billion, vs. $26.378 expected
People approaching Kohl’s department store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s on Tuesday reported mixed earnings for the first quarter but trimmed its outlook for the full year, sending shares tumbling more than 10%. The retailer for the first time in two years also missed same-store sales expectations. CEO Michelle Gass
Source: Lumentum Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple’s Face ID technology, said it cannot
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Pinterest is set to release its first quarterly earnings
Jensen Huang, chief executive officer of Nvidia Corp. David Paul Morris | Bloomberg | Getty Images Chipmaker Nvidia will issue an earnings report for the first quarter of fiscal 2020 after the market close on Thursday. Here are the numbers to watch: Earnings: Excluding certain items, 81 cents per share as expected by analysts, according
A technician checks on a stack of wafers at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Applied Materials forecast third-quarter profit and revenue above estimates and reported better-than-expected quarterly results on Thursday, allaying investor concerns about slowing semiconductor demand. Shares of the company rose nearly 6%
A John Deere excavator on display at the CONEXPO show in Las Vegas. Michael Newberg | CNBC Deere on Friday reported a lower-than-expected quarterly profit and cut its full-year outlook, as an escalating trade war between the United States and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for
Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019 fiscal year, which
Adam Neumann, co-founder and chief executive officer of WeWork. Michael Nagle | Bloomberg | Getty Images As newly public companies representing the sharing economy, Uber and Lyft stumbled out of the gate. WeWork is trying to prepare a different narrative for Wall Street. In an interview with CNBC to discuss the company’s first-quarter financials, CFO
Walmart on Thursday reported earnings that topped analysts’ expectations but sales came up short, as international revenues declined with currency headwinds dragging on its business overseas. E-commerce sales grew 37%, boosted by its home and fashion businesses, Walmart said. That was better than online sales growth of 33% a year ago, but moderated from a
The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent. Chesnot | Getty Images China’s Tencent Music Entertainment Group said it had started charging for more of
Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Take-Two Interactive Software reported lower-than-expected quarterly revenue and forecast first-quarter sales below analysts’ expectations, as it faces intense competition from free-to-play “battle royale” games “Fortnite” and “PUBG.” Shares of the company
Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft will report quarterly earnings after Tuesday’s market close for the first time since going public in March. Here’s what analysts are expecting from Lyft’s
Papa John’s swung to a loss in the first quarter as the steps the embattled pizza chain is taking to bolster its business and legal fees hit earnings. But excluding these charges, the company topped Wall Street’s expectations. Shares seesawed in extended trading Tuesday, sometimes rising as much 5% before trending back downward. The company
Symantec stock fell as much as 15% Thursday after the security company said its president and CEO, Greg Clark, has stepped down. The company is looking for a replacement. Symantec director Richard Hill, formerly CEO of Novellus Systems, was named interim president and CEO, effective immediately, according to a statement. “As we enter into a
GoPro raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13%. The company’s action cameras, which are popular among surfers, sky divers and Instagram travel bloggers, have been facing stiff competition from
Honda Motor forecast on Wednesday a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe. Japan’s third-largest automaker signaled that it was looking to reduce global production costs by 10% by 2025 and scale back the number of model variations,
Disney popped about 1% after reporting earnings and revenue that beat analyst estimates for its second quarter 2019. Here’s how Disney’s report compared to analysts’ estimates: Earnings per share: $1.61 per share, ex-items, versus $1.58 per share expected, per Refinitiv survey of analysts Revenue: $14.92 billion, versus $14.36 billion expected, per Refinitiv Disney reported a
Stamps.com stock dropped 47% in premarket trading after the company slashed its 2019 earnings forecast, as well as projected further declines in 2020 and 2021. The postage company announced on its first quarter conference call that it expects to take a hit due to uncertain contract changes that its partner companies have with the United
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