Thursday, 29 November 2018

Tiffany's stock plunges as weaker Chinese tourism puts a dent in sales

Tiffany's stock nose-dives after the jeweler released disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong.

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Cloud storage firm Box reports smaller-than-expected loss, shares rise

Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts' estimates.

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Wednesday, 28 November 2018

Salesforce has never been stronger or in a better position than it is now, CEO says after earnings

Jim Cramer hears from Salesforce.com CEO Marc Benioff after the software giant's third-quarter earnings report.

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Wednesday, 21 November 2018

Deere profit soars despite doubts on Wall Street

A boost in construction equipment sales drove profit higher for Deere in the fourth quarter, but the results fell short of Wall Street expectations and pulled on shares before the opening bell Wednesday.

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Gap's comparable sales miss as its namesake brand struggles

Gap reported quarterly same-store sales below analysts' estimates on Tuesday, dragged down by another weak performance in its namesake brand.

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Tuesday, 20 November 2018

Campbell Soup tops analyst expectations ahead of contested shareholder vote

Campbell Soup on Tuesday reported quarterly earnings and revenue that beat analysts' expectations. The soup company is locked in a proxy fight with activist firm Third Point.

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Kohl's earnings top estimates but shares fall as outlook disappoints

Kohl's on Tuesday reported quarterly earnings and revenue that topped analysts' expectations. While it also raised its profit forecast for the year, it was on the low end of what Wall Street had been calling for, and shares fell.

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Medtronic reports 6% rise in quarterly revenue

Medical device maker Medtronic reported a 6 percent rise in quarterly revenue on Tuesday, helped by higher sales in its cardiac and vascular business.

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L Brands falls after cutting annual dividend in half

The company, known for its brands Victoria's Secret and Bath & Body Works, beat profit expectations.

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Lowe's beats earnings, revenue expectations

Lowe's on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.

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Here's everything you need to know about Target earnings

Target has a lot of momentum heading into this holiday season, with CEO Brian Cornell recently saying the consumer environment hasn't been this strong in his career.

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Monday, 19 November 2018

China's JD.com feels pressure as sales of big ticket items slow

Chinese e-commerce firm JD.com's shares came under further pressure on Monday after the company reported its slowest quarterly revenue growth since its initial public offering in 2014.

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Thursday, 15 November 2018

JC Penney shares dive as sales fall short despite narrower-than-expected loss

J.C. Penney in October filled its vacant CEO role with Jill Soltau, the former CEO of Joann Stores. Soltau came after a string of executive departures, including former J.C. Penney CEO Marvin Ellison and CFO Jeffrey Davis.

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Here's everything you need to know about Walmart earnings

Walmart has been making investments in its stores, online and internationally to keep pace with arguably its biggest rival of all, Amazon. 

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Uber growth slowed and losses widened between Q2 and Q3, as company expands into new businesses

Uber's losses have ticked up and growth has slowed from last quarter, according to the company's self-reported financials. 

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Cisco beats first-quarter estimates, meets guidance expectations

Cisco beat expectations for the fiscal first quarter and met expectations for the next quarter.

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Wednesday, 14 November 2018

The world's largest shipping firm warns that the US-China trade war has hit demand

Maersk said the effect of trade tensions could reduce global container trade between 0.5 and 2 percent during 2019 and 2020.

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Marijuana producer Tilray says revenue surged more than 85 percent last quarter

Marijuana producer Tilray reported quarterly earnings that beat analysts' expectations on Tuesday, though total revenues fell just shy of estimates.

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SurveyMonkey reports 18% revenue increase during its first quarter as a public company

Tuesday marks the company's first earnings report since debuting on the Nasdaq in October.

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Macy's reports earnings before the bell. Here's everything you need to know

Macy's has been testing new technology and other concepts like mini marketplaces in stores to lure shoppers and grow sales.

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Blue Apron to reduce workforce by 4% in push to reach profitability in 2019

Blue Apron will reduce its workforce by 4 percent as the company aims to become profitable in 2019, the meal kit company announced Tuesday.

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Tuesday, 13 November 2018

Nvidia's earnings report will disappoint this week, analyst says, but he's upgrading anyway

Susquehanna's Christopher Rolland upgraded Nvidia to positive from neutral even though he believes the 'odds of a guidance miss are high' when the chipmaker reports earnings Thursday after the bell.

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Bayer quarterly profit is flat as weak animal health offsets strong Xarelto

Bayer's adjusted core earnings were flat for the quarter, as better prescription numbers for cardiovascular drug Xarelto were tempered by a weaker animal health business and a strong euro weighing on the value of overseas sales.

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Here's everything you need to know about Home Depot earnings

Home improvement retailers Home Depot and Lowe's are expected to have benefited this quarter from house price appreciation and gaining market share in the appliance category, according to one analyst. 

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Friday, 9 November 2018

Here's what every major analyst said about Disney's earnings and its new streaming service

Though analysts were impressed with Disney's studio revenue, which grew 50 percent from the prior year, many focused on its new over-the-top strategy (OTT), known as Disney+.

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Dropbox rises after beating estimates on revenue and earnings

Dropbox stock rose more than 9 percent after the company beat estimates on third-quarter revenue and profit.

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Activision Blizzard falls 10 percent after reporting decline in monthly active users

Activision Blizzard shares fell 10 percent during after-hours trading Thursday as the video game company missed estimates on fourth-quarter revenue projections but beat third quarter earnings-per-share predictions.

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Yelp tanks more than 28% after announcing third quarter earnings

Shares of Yelp tanked more than 28 percent Thursday after the company announced its third quarter earnings report.

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Disney gains after reporting that studio revenue grew 50% year over year

Disney's earnings come as investors continue to seek more information on the company's long-term vision for its various streaming investments as well as how it plans to integrate assets recently acquired from Twenty-First Century Fox.

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Thursday, 8 November 2018

DR Horton says rising prices are weighing on housing demand

D.R. Horton, the largest U.S. homebuilder, said on Thursday rising home prices and higher mortgage rates were weighing on demand, particularly for expensive homes.

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Roku is set to open down 12% after missing expectations on platform revenue

While Roku beat on the top and bottom lines, the company missed analyst expectations on platform revenue, which encompasses increasingly-important advertising revenue.

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News Corp. earnings beat: 17 cents per share vs. 4 cents expected

News Corp. reported fiscal first-quarter earnings Wednesday that beat analysts' expectations for earnings but missed on revenue.

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Wynn Resort shares plunge 14% after CEO sees 'slowdown' in Macau

Chief Executive Matthew Maddox said results since China's seven-day Golden Week holiday have been "choppy" during the week and "sporadic" on the weekends.

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AstraZeneca returns to sales growth, led by cancer medicines

Strong demand for AstraZeneca's new drugs - especially those for cancer - drove a return to sales growth in the third quarter and the drugmaker said it now expected a period of sustained growth "for years to come".

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Wynn Resorts shares fall 12 percent as it misses earnings estimates

Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings.

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Square earnings beat on top and bottom line but miss on guidance

Square beat Wall Street analysts' estimates for earnings and revenue in its third-quarter report Wednesday.

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Take-Two Interactive reports better-than-expected revenue

Take-Two interactive, the parent company of Rockstar Games and 2K, is set to report earnings for its 2019 fiscal second quarter after the bell Wednesday. The company released the blockbuster game "Red Dead Redemption 2" earlier this year.

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Roku plunges 12% despite beating on the top and bottom lines

Revenue from the company's hardware segment topped Wall Street estimates, but revenue for the platform segment fell short. 

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Chinese phone makers, licensing business drive Qualcomm beat

Qualcomm beat analysts' expectations for fourth-quarter revenue and profit on Wednesday.  

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Wednesday, 7 November 2018

Michael Kors misses quarterly revenue estimates

Michael Kors recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than Wall Street was expecting.

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Friday, 2 November 2018

Chevron earnings: $2.11 per share, vs $2.06 expected

Wall Street expects Chevron to more than double its profits from a year ago on an earnings per share basis.

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Exxon Mobil to report earnings before the bell — here's what the Street expects

Wall Street expects double-digit profits growth from Exxon Mobil, the world's largest publicly traded oil and gas company.

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CBS third-quarter revenue, profit tops estimates

TV broadcaster and media company CBS beat analysts' estimates for third-quarter revenue and profit on Thursday, boosted by strong advertising sales and higher digital subscriptions.

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MetLife posts profit on higher net investment income

Insurer MetLife reported a third-quarter profit on Thursday, compared with a year-ago loss.

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Symantec second-quarter profit beats estimates, shares rise

Cybersecurity firm Symantec beat analysts' estimates for second-quarter profit and revenue on Thursday, easing investor concerns following three consecutive quarters of disappointing results and forecast cuts.

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Thursday, 1 November 2018

Shake Shack tumbles 6% after missing on same-store sales

The burger chain reported a same-store sales decline, while Wall Street had expected that key metric to grow. That news outweighed better-than-expected earnings and revenue. 

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Apple beats on the top and bottom lines, but stock falls on light guidance

Apple locked in a strategy of boosting prices to offset slowing sales during the key September quarter.

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Starbucks shares spike as earnings show coffee drinkers spending more in cafes, revenue jumps 10.6%

Starbucks shares skyrocketed Thursday night after the company posted better-than-expected earnings and same-store sales growth during the fourth quarter.

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Shell profits soar to four-year high on rising oil prices

Royal Dutch Shell third quarter profits soared to their highest in four years, boosted by rising crude prices as the company pushed ahead with one of the world's largest share buyback programmes.

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Credit Suisse third-quarter profit jumps 74 percent but misses estimates on market volatility

Net income stood at 424 million Swiss francs, a 74 percent increase from a year ago. However, the numbers missed analysts' forecast of 449 million Swiss francs, according to data from Reuters.

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New York Times jumps on earnings beat

The stock traded as much as 27 percent higher after the report, but later eased off. 

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Music streaming leader Spotify reports a modest rise in paid users

Spotify reported a modest 5 percent rise in premium subscribers for its third quarter, while revenue and gross margins were roughly in line with market expectations.

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Facebook pops after a mixed third-quarter report and candid earnings call

Wednesday's jump adds to Tuesday's nearly 3 percent bump and erases some losses from last week's tech rout.

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AIG reports smaller quarterly loss on reinsurance benefit

American International Group reported a smaller quarterly loss as reinsurance pacts helped offset catastrophe losses in Japan and North America.

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Fitbit jumps after beating on top and bottom lines

Fitbit shares soared as much as 13 percent in after-hours trading after the company beat earnings and revenue expectations for the third quarter.

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