Earnings

Deere reported weaker-than-expected earnings on Friday as rising costs take a bite out of the tractor company’s bottom line. Deere posted adjusted earnings per share of $2.59 for its fiscal third quarter. Analysts at Reuters expected a profit of $2.75 per share. CEO Samuel Allen said the company “continued to face cost pressures for raw
0 Comments
Walmart is set to report second-quarter earnings before the bell on Thursday. Here’s what analysts are expecting, based on a survey by Thomson Reuters: * Earnings per share: $1.22* Revenue: $125.97 billion* Same-store sales: an increase of 2.2 percent Walmart has been focused on bulking up its online platform to compete with its biggest rival,
0 Comments
JD.com, China’s second largest e-commerce firm, reported a 31.2 percent rise in second-quarter revenue on Thursday, falling short of analysts’ estimates after a worse-than-expected sale season. The firm posted revenue of 122.3 billion yuan ($17.73 billion) for the quarter ended June 30, compared with analysts’ estimate of 122.7 billion yuan according to Thomson Reuters I/B/E/S.
0 Comments
Macy’s shares tumbled Wednesday morning despite the department store operator reporting quarterly earnings and sales that topped analysts’ expectations and hiking its forecast for the full year. Amid tax reform and strong employment, consumers have been spending more across the U.S. and are expected to do so through this holiday season. However, Macy’s is still
0 Comments
Amazon’s stunning growth in the internet advertising market will boost the company’s shares, according to Piper Jaffray. The firm reaffirmed its overweight rating for the internet giant’s stock, predicting its ad business profits will surpass its cloud computing income by 2021. “While the Street has been focusing on the trajectory of core retail, growth of
0 Comments
German sportswear firm Adidas reported stronger-than-anticipated second-quarter net profit on Thursday, with the company saying it remains firmly on track to hit its full-year targets despite taking an impairment charge on its struggling Reebok brand. Net profit over the second quarter rose 20 percent to 418 million euros ($485 million), beating analyst expectations of 387
0 Comments
News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses. News Corp’s subscription video services division that includes Australian pay TV company Foxtel — acquired by Rupert Murdoch-controlled News Corp earlier this year
0 Comments
Yelp shares jumped after the online review website reported a better-than-expected profit. The company’s shares are up 18 percent Thursday, a day after it posted second-quarter earnings-per-share of 12 cents versus the 1 cent Thomson Reuters consensus. Yelp also reported sales of $235 million for the quarter versus Street expectations of $232 million. The company
0 Comments
It didn’t take long for Papa John’s shares to tank and the finger pointing to begin. The company’s shares plummeted by almost 12 percent in aftermarket trading Tuesday after the pizza chain released second-quarter earnings that missed nearly every key estimate tracked by Wall Street — profit, revenue, same-store sales — and said its pizza
0 Comments
CBS’s quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company’s future on Thursday, without addressing allegations of sexual misconduct against him reported last week. At the start of an analysts conference call on CBS earnings that was also broadcast on business television network CNBC,
0 Comments
Investors are loving Take-Two Interactive’s latest financial results. The shares of the game publisher are up 12 percent in Friday’s premarket session, a day after it reported June quarter non-GAAP earnings per share of 12 cents versus the Wall Street consensus of 7 cents. Take-Two also posted adjusted revenue of $288 million for the quarter
0 Comments
GoPro reported second-quarter results that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
0 Comments
Payment company Square beat Wall Street estimates for the second-quarter results Wednesday, helped in part by higher transaction volume. Here’s how the company did compared with Thomson Reuters consensus estimates: EPS: 13 cents per share vs. 11 cents expected. Adjusted revenue: $385 million vs. $367.6 million expected. Shares of the company rose 0.25 percent in
0 Comments