Earnings

Lowe’s on Thursday reported third-quarter earnings and sales that outpaced analysts’ expectations, as more shoppers turned up for emergency supplies and repairs following devastating hurricanes and wildfires. Here’s what Lowe’s reported, compared with what Wall Street was expecting, based on a Thomson Reuters survey of analysts: Earnings of $1.05 a share, excluding items, compared with
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Abercrombie & Fitch posted quarterly same-store sales growth after more than a year of declines and forecast robust sales for the holiday quarter, as its California-themed surfwear brand Hollister helped revive the retailer. Shares of the company, which also beat its third-quarter net sales and profit estimates, jumped 25 percent to $15.09 in premarket trading
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Luke Sharrett | Bloomberg | Getty Images Nike sneakers sit on display at a Foot Locker store inside the South Park Mall in Strongsville, Ohio, March 4, 2014. Shares of sports retailers soared on Friday after Foot Locker, Shoe Carnival, and Hibbett Sports reported better-than-expected quarterly profits. Foot Locker, up 22 percent, was the most
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Shares of L Brands sunk about 6 percent before the opening bell on Thursday, after it continued to struggle with weakness in its Victoria’s Secret business. The once high-flying brand now competes against a host of new competition including American Eagle’s Aerie. The brand has also been hurt by a decline in mall traffic. Third-quarter
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Viacom, owner of MTV, Comedy Central, and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. The company said pay-TV subscribers continued to decline. The New York-based media company beat analyst estimates on revenue
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Best Buy reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals, including Amazon.com. Shares of the United States’ single largest consumer electronics chain fell 4.4 percent to $54.80 before the bell in New York. With online sellers driving down prices
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Target on Wednesday reported a bigger-than-expected increase in quarterly same-store sales, a positive sign for the big-box retailer’s turnaround plan. Target also raised its earnings outlook for the full year, though its fourth-quarter forecast, which includes key holiday sales, is lower than analysts’ expectations. That sent Target shares tumbling more than 8 percent shortly after
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Home Depot‘s same-store sales blew past Wall Street estimates, boosted by repairs after devastating hurricanes and wildfires. Revenue from Hurricanes Harvey and Irma added roughly $282 million to the sales total for the third quarter, the company said Tuesday. The home improvement retailer said customer transactions increased, and shoppers on average have been spending more
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Time‘s tight leash on costs helped it beat analysts’ expectations on profit and stick to its yearly forecast for operating income on Thursday despite further sharp falls in sales of magazines and hard copy advertising. Shares in the owner of Time, Sports Illustrated and People magazines have almost halved in value since March as it
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J.C. Penney on Friday reported a bigger-than-expected increase in quarterly same-store sales, as the department store chain’s latest efforts to get rid of excess inventory and refresh its apparel business showed signs of progress. Penney’s shares jumped 16 percent in premarket trade Friday on the news. Here’s what Penney’s reported, compared with what Wall Street
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Nvidia reported earnings Thursday that beat Wall Street expectations. Here’s how the company did: EPS: $1.33 vs. 94 cents expected according to Thomson Reuters Revenue: $2.64 billion vs. $2.36 billion expected according to Thomson Reuters Shares initially fell as much as 2 percent in after-hours trading Thursday but later ticked up more than a percent.
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News Corp. is set to report quarterly earnings and revenue after the bell Thursday. Here’s how Wall Street expects the company to perform: EPS: 1 cent, according to Thomson Reuters Revenue: $1.97 billion, according to Thomson Reuters News Corp. is the publishing arm of Rupert Murdoch‘s global media empire. Properties include financial publisher Dow Jones,
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Nordstrom reported quarterly earnings and revenue that beat analysts’ expectations on Thursday, but same-store sales at its discount concept Nordstrom Rack disappointed, dragged down by unpopular goods. Here’s how the company did compared with what Wall Street expected: EPS: 67 cents, vs. 63 cents expected according to Thomson Reuters Revenue: $3.63 billion, vs. $3.58 billion
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Homebuilder D.R. Horton reported a better-than-expected quarterly profit on Thursday and raised its fiscal 2018 revenue and cash flow forecasts, further evidence that a strong U.S. job market is feeding through to demand for houses. Housing demand in the United States declined sharply for four years running after the sub-prime crash of 2007-2008 but has
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Macy’s posted steep sales declines on Thursday, but tighter inventory controls helped boost profit margins, allowing the retailer to outpace analysts’ earnings expectations. Macy’s also reaffirmed its full-year outlook, citing heightened momentum heading into the all-important holiday shopping season. The department store chain’s shares were climbing more than 8 percent Thursday afternoon on the news.
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Kohl’s on Thursday posted a lower-than-expected quarterly profit, hampered by higher costs and several devastating hurricanes, sending its stock lower. The middle of the latest quarter was “soft” due to abnormal weather conditions, Kohl’s said. The department store chain’s cost of merchandise selling and general expenses also increased. Kohl’s shares were down more than 7
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Krisztian Bocsi | Bloomberg | Getty Images Kasper Rorsted, chief executive officer of Adidas AG. “Overall an extremely strong quarter across the board for us, so we are exceptionally happy,” Kasper Rorsted, CEO at Adidas, told CNBC Thursday. Rorsted also said that ahead of the upcoming soccer World Cup in Russia, he was “quite optimistic”
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Hertz Global on Thursday reported a better-than-expect net profit as higher revenues and revenue management offset canceled reservations in hurricane-impacted parts of the United States, but the car rental company warned it was entering a period of weak demand amid high investment. The company’s shares rose 12 percent in after-market trading following the results. Hertz’s
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Adjusted EPS: 10 cents loss, excluding items, vs. loss of $1.37 expected by a Thomson Reuters consensus estimate. Revenue: $124.8 million vs. estimate of $110.5 million by Thomson Reuters’ consensus. The company went public in late September in a $252 million IPO. Its fortunes have risen alongside services like Netflix that have moved TV viewership
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ouis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Square is set to report earnings Wednesday after the closing bell. Here’s what Wall Street expects: EPS: 5 cents, according to Thomson Reuters. Adjusted revenue: $244.9 million, according to Thomson Reuters. Gross payment volume: $17.03 billion, according to StreetAccount. Square has beaten
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Wendy’s reported lower-than-expected quarterly profit and sales as increased competition, lower grocery prices and hurricanes hit traffic at restaurants, leading the burger chain to cut its full-year adjusted earnings per share forecast. The company’s shares were down 3.5 percent to $14.22 in morning trade on Wednesday. Wendy’s also said higher commodity costs hurt profit margins
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JPMorgan shared with clients its favorite department store stock picks ahead of a slew of earnings reports in the next week. While analyst Matthew Boss expects “mixed performance” across his coverage, a number of “wildcards” should keep investors on their toes through year-end. “With the heart of third-quarter earnings kicking off Thursday with the Department
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