Earnings

Best Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent
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Christopher Dilts | Bloomberg | Getty Images Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Ralph Lauren on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker’s move to pull products off department store shelves and sell more products at full-price boosted margins. The company’s shares rose 3 percent in
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Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop
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Timothy A. Clary | AFP | Getty Images A model shows off a diamond ring and bracelet as she stands outside the entrance of a Tiffany & Co. store. Tiffany’s first-quarter earnings handily beat analysts’ estimates on Wednesday, boosted by stronger sales of its high-end jewelry, leading the company to raise its annual sales and
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TJX reported better-than-expected quarterly same-store sales on Tuesday, as deep discounts brought more bargain hunters into its T.J. Maxx and Marshalls apparel stores. Online shopping has taken a toll on traditional brick-and-mortar stores but TJX, unlike other retailers, has not seen huge cuts in inventory and store closures. TJX does not advertise brands. It instead
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Kohl’s reported fiscal first-quarter earnings that beat expectations on the top and bottom line. Here’s how the company did compared with what Wall Street expected: Earnings: 64 cents per share vs. 50 cents per share forecast by Thomson Reuters Revenue: $4.21 billion vs. $3.95 billion forecast by Thomson Reuters Same-store sales growth: 3.6 percent vs.
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Retailer Walmart is expected to report earnings ahead of the bell. Here’s what Wall Street expects: Earnings: $1.12 per share, according to Thomson Reuters Revenue: $120.51 billion, according to Thomson Reuters Same-store sales: an increase of 2 percent, according to Thomson Reuters Last quarter, Walmart sent shares tumbling when it reported slowing e-commerce sales. Still,
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Three of Cisco’s four product categories surpassed estimates, though. The most important, the Infrastructure Platforms segment, which includes data-center networking switches, had $7.16 billion in revenue, above the FactSet consensus estimate of $7.14 billion, StreetAccount said. Cisco “continues to achieve success” in selling its Catalyst 9000 switches, and the fact that they require customers to
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Home Depot reported Tuesday first-quarter earnings that beat analysts’ expectations, but missed on the top line, dragged down by what the company called a “slow start to the spring selling season.” Customer transactions during the quarter fell 1.3 percent, the company said. Spring is the season when many shoppers stock up on gardening supplies and
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The world’s largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects but repeated that it saw 2018 global apparent steel consumption, which
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Thomson Reuters on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low-single-digit growth in 2018 revenue in its remaining business. The news and information company announced earlier this year that it is selling a majority stake of its financial & risk unit to private-equity firm Blackstone. Thomson Reuters reported quarterly revenue of $1.38
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Dropbox stock fluctuated and then gradually fell after it reported better-than-expected first quarter results in its first earnings report as a public company on Thursday. Earnings: Excluding certain items, 8 cents per share vs. 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $316.3 million vs. $309.2 million as expected by
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Twenty-First Century Fox said Wednesday its cable business posted its “highest earnings ever” in the fiscal third quarter. Executive chairmen Rupert and Lachlan Murdoch said in a statement that double-digit growth in domestic affiliate revenue helped drive strength in its cable division. Fox’s cable unit reported revenue of $4.42 billion, topping a StreetAccount consensus estimate
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Shares of Roku popped in extended trading Wednesday after the company reported better-than-expected first-quarter financial results. The stock price was up about 1.5 percent when the report was released after the bell, following a pre-earnings rally of nearly 9 percent in the regular trading session. Here’s what Roku reported: Loss per share: 7 cents, excluding
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Roku on Wednesday afternoon releases its third quarterly earnings statement as a public company, and the options market is implying it expects something unique: relatively little. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” that shares of the streaming technology company, which have plunged 36 percent this year, are expected to
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Caterpillar may have tainted the entire earnings season for industrial companies with one line, according to CNBC’s Jim Cramer, and now the company is trying to walk it back. Caterpillar’s management on Tuesday sought to clarify last month’s now-infamous “high-water mark” comment — made by CFO Bradley Halverson on the heavy equipment maker’s first-quarter earnings
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