Earnings

Gap Inc. shares are tumbling after the apparel retailer reported same-store sales for its namesake brand after the bell on Thursday that missed analysts’ expectations for the second quarter, overshadowing a beat on earnings and revenue. The stock was still falling more than 10 percent Friday morning on the news. CEO Art Peck, who has
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HP reported better-than-expected fiscal third quarter earnings on Thursday, but the stock dipped in extended trading. Here are the key numbers: Earnings: 52 cents per share, excluding certain items, vs. 51 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $14.59 billion, vs. $14.27 billion as expected by analysts, according to Thomson
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Synopsys reported better-than-expected quarterly results and forecast fourth-quarter above Wall Street estimates on Wednesday, as the maker of chip design software benefits from rising demand from semiconductor clients. The company’s shares rose nearly 5 percent to $99.40 in after-market trading, on track to open at a record high on Thursday. Synopsys, whose clients include Intel
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The Chinese titan said an increase in monthly active users of its Taobao app and its “new retail strategy” helped drive growth. New retail includes its physical stores called Hema, as well as the food delivery service Ele.me that Alibaba now owns. Alibaba has tried to bolster the division by striking partnerships with big U.S.
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Lowe’s on Wednesday reported second-quarter earnings and revenue that surpassed analysts’ expectations, but same-store sales fell short and weren’t nearly as strong as rival Home Depot. The North Carolina-based home improvement retailer also announced it will be shuttering its 99 Orchard Supply Hardware stores by year-end to “aggressively rationalize store inventory.” Lowe’s shares fell more
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Kohl’s shares tumbled Tuesday morning despite releasing second-quarter earnings that beat analysts’ profit and sales estimates. The retailer also raised its profit outlook for the year. Kohl’s shares had already climbed more than 111 percent from a year ago, bringing the retailer’s market cap to $13.2 billion. Retail rival Macy’s saw a similar sell-off in
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David Maung | Bloomberg | Getty Images An employee uses a microscope at the Medtronic assembly plant in Tijuana, Mexico. Medical device maker Medtronic posted a better-than-expected quarterly profit on Tuesday, helped by higher sales in its top-selling cardiac and vascular unit, underpinning strength across its businesses. Shares of the Dublin-based company rose 4 percent
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BHP Chief Executive Andrew Mackenzie, meanwhile, said the company was “a little more apprehensive” on the short-term outlook, given trade relations between China and the United States. Escalating tensions between China, the biggest commodity consumer, and the U.S. have spooked metals markets and raised the prospect of reduced Chinese demand. Copper prices on the London
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Cosmetics maker Estee Lauder forecast first-quarter profit below Wall Street expectations on Monday, hurt by a stronger dollar and a drop in customer traffic at retail stores. The Jo Malone London fragrance maker said it expects earnings of $1.18 to $1.22 per share, compared with the analysts’ average estimate of $1.32, according to Thomson Reuters
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Getty Images A John Deere 8600 tractor is displayed on opening day of the World Ag Expo on February 10, 2015 in Tulare, Calif. 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
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The company expects that in the fiscal third quarter its gross margin will come in at 62.8 percent, give or take 50 basis points, excluding certain items, which is in line with the FactSet analyst consensus. While Nvidia has become trendy given the use of its graphics cards for artificial intelligence computing, its chips are
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Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts’ expectations and also raised its outlook for the full year, citing momentum in its online business and robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom’s earnings followed mixed results from
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J.C. Penney on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, as it continues to grapple with an overhang of unsold merchandise. As fast fashion brands like Zara have trained shoppers to shop new styles more frequently, retailers like J.C. Penney have struggled to build a supply chain to support quick inventory changes
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Walmart on Thursday reported quarterly earnings and sales that topped analysts’ expectations, as more shoppers flocked to its stores and spent more per trip, and e-commerce sales ticked higher than previous quarters. The retailer said it had the strongest growth in more than a decade at those stores open for at least 12 months, thanks
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Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and
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Net income for the second quarter ended Aug. 4 was $166 million, or 53 cents a share, compared with $111 million, or 36 cents a share, a year earlier. Excluding one-time items, Macy’s earned 70 cents per share, far exceeding analysts’ expectations for 51 cents a share, according to a poll by Thomson Reuters. Revenue
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Tapestry reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, driven by strong performance in North America. The owner of Kate Spade, Coach and Stuart Weitzman reported fiscal fourth-quarter net income of $211.7 million, or 73 cents per share, up from $151.7 million, or 53 cents per share a year earlier. Excluding items,
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Home Depot on Tuesday reported second-quarter earnings and sales that far surpassed expectations, reaping the benefits of a warmer start to the summer. The home improvement retailer, which had a rocky spring season, also raised its outlook for revenue and same-store sales for the full year, saying the number of customer transactions jumped during the
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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
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“I’m really excited to see what he does next,” Houston said of Woodside in an interview with CNBC’s Aditi Roy on Thursday. Woodside took a seat on the board of enterprise software company ServiceNow in April. Dropbox’s revenue was up 27 percent year over year in the second quarter, the company said. It had 11.9
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