Earnings

Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
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Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
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Home Depot on Tuesday reported fourth-quarter earnings and sales that topped Wall Street’s expectations, as more shoppers flocked to its stores and spent more per trip. The home improvement retailer’s stock was climbing around 1 percent Tuesday morning on the news. Here’s what Home Depot reported compared with what analysts were expecting, based on a
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Kraft Heinz’s said stiff competition and a supply shortfall of one of its key frozen products will continue to hurt sales in the first quarter, following lower-than-expected sales and profit in the latest reported quarter. The company’s shares fell 7 percent to their lowest since August 2015. More competition in developed markets and a supply
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U.S. farm equipment maker Deere on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets. For the past four years, Deere has been battling weak demand for farm equipment as global oversupplies pushed down prices, sending U.S. farm incomes plunging. The Moline, Illinois-based company now expects full-year sales
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Coca-Cola beat analysts’ expectations on the top and bottom lines on Friday, as bets on new launches like Coke Zero helped counter shifts away from its core beverages. Here’s how the company did compared with expectations in a survey of analysts by Thomson Reuters: EPS: 39 cents vs. the expected 38 cents. Revenue: $7.51 billion
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Shares of Shake Shack whipsawed after the closing bell on Thursday after the company posted better-than-expected fourth-quarter earnings, but provided cautious sales guidance. The stock was up as much as 5.3 percent before it turned negative, slipping 4 percent. The sudden stock downturn was likely the result of the company providing weaker revenue and same-store
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CBS reported fourth-quarter earnings and revenue that beat analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: EPS: $1.20 vs. $1.14 expected according to Thomson Reuters Revenue: $3.92 billion vs. $3.70 billion expected according to Thomson Reuters Entertainment revenue: $2.82 billion vs. $2.59 billion expected by StreetAccount Cable networks
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U.S. oilfield services company Halliburton’s first-quarter earnings will be reduced by 10 cents per share due to delays in deliveries of sand used in fracking, Chief Financial Officer Christopher Weber said on Thursday. Halliburton’s shares fell 2.5 percent after Weber’s comments during a webcast presentation at the Credit Suisse Energy Summit. Shale drillers blast sand
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Cisco on Wednesday saw its stock jump 6 percent after the company reported better than expected earnings for its fiscal second quarter, which ended on Jan. 27. Earnings: 63 cents per share, vs. 59 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $11.89 billion, vs. $11.81 billion as expected by analysts,
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Uber has just revealed its fourth-quarter financial results, which show that the ride-hailing company’s loss jumped 61 percent in 2017. The company lost $4.5 billion last year, up from $2.8 billion in 2016, according to figures first reported by The Information and confirmed by CNBC on Tuesday. However, in the fourth quarter, which was CEO
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Shares of Blue Apron spiked Tuesday after the company posted a smaller-than-expected fourth-quarter loss, helped by improvements at its fulfillment center in New Jersey. The stock was up 6 percent. Early in Tuesday’s session, it had risen nearly 27 percent. Blue Apron has been struggling to overcome well-publicized operational issues that have dragged its stock
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Under Armour shares soared more than 17 percent Tuesday morning after the company reported sales that topped analysts’ expectations, fueled largely by growth outside of North America. Under Armour said total revenue in the fourth quarter climbed 5 percent to $1.37 billion. Analysts were expecting $1.31 billion, according to a Thomson Reuters survey. Sales in
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EPS: $1.31 per share, adjusted, vs. $1.30. Revenue: $19.53 billion, vs. $19.39 billion. “We are pleased with our performance for the fourth quarter and full year 2017,” Chairwoman and CEO Indra Nooyi said in a statement. “We met or exceeded most of the financial goals we set out at the beginning of the year. We
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Nvidia shares are surging as Wall Street is growing more optimistic on the company’s opportunities in key growth markets. The chipmaker reported better-than-expected fiscal fourth-quarter earnings and guidance Thursday. Nvidia’s biggest business segment, gaming, produced $1.74 billion in revenue, above the FactSet estimate of $1.54 billion. The second largest area, data center, came up with
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U.S. online travel services company Expedia missed analysts’ quarterly profit estimate on higher marketing expenses, sending its shares tumbling 19 percent in after-hours trading on Thursday. And discouraging remarks from Chief Executive Officer Mark Okerstrom likely didn’t help the tumble. The year “did not end up as we had planned from a financial perspective,” Okerstrom
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Nvidia shares jumped more than 14 percent Thursday after the company reported better-than-expected earnings for the fiscal fourth quarter. After the earnings call ended the stock was more than 9 percent higher than the closing price of $217.52 per share. The after-market rally more than made up for Nvidia’s 4.9 percent drop in regular trading,
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News Corp. beat expectations in its second-quarter earnings report Thursday. Here’s how the company did compared to what Wall Street expected: EPS: 24 cents vs. 19 cents expected, according to Thomson Reuters Revenue: $2.18 billion vs. $2.13 billion expected, according to Thomson Reuters Shares of News Corp. recovered nearly 1 percent in after-hours trading, following
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Video game publisher Activision Blizzard reported quarterly earnings that beat analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: EPS: 94 cents vs. 93 cents expected, according to Thomson Reuters Revenue: $2.64 billion vs. $2.55 billion expected, according to Thomson Reuters Shares of Activision gained nearly 5 percent after
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Teva Pharmaceutical on Thursday said 2018 results would be weaker than expected due to difficult conditions in the U.S. generics market and fierce competition facing its branded multiple sclerosis drug. Israel-based Teva, the world’s largest generic drugmaker, is facing price erosion, increased competition and a consolidating customer base, particularly in the United States. It also
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Yum Brands on Thursday posted fourth-quarter profit that beat analyst estimates, helped by higher demand for fried chicken at its KFC restaurants. The company said net income rose to $436 million, or $1.26 per share, in the quarter ended Dec. 31, up from $303 million, or 83 cents per share, a year earlier. Excluding items,
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Viacom, which is exploring a merger with CBS, raised its forecast for full-year revenue from U.S. cable and satellite companies on Thursday, sending its shares up as much as 12 percent. The revised forecast comes at an important juncture for Viacom as the company and CBS, both of which are controlled by Sumner and Shari
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CVS Health will increase employee pay and sweeten benefits to some employees using a portion of the company’s windfall from the new tax law. CVS will boost starting pay for hourly employees to $11 per hour from $9 per hour, starting in April. Pay ranges and rates will be adjusted for many of its retail
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Tesla soothed some investor concerns Wednesday by delivering fourth-quarter results that beat analyst expectations, reiterating that it is on track to reach its latest Model 3 production goals, and slowing its white hot cash burn rate. However, the company did say it will spend more capital in 2018 than it did in 2017. Here’s how
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