Friday, 31 May 2019

Dell revenue misses as China softness hits server business

Dell Technologies reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.

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Gap shares tank 15% on earnings miss, CEO calls quarter 'extremely challenging'

Gap CEO Art Peck said he was "not at all satisfied" with the dismal results from the apparel retailer during its fiscal first quarter.

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Gap cuts profit forecast after an 'extremely challenging' quarter; shares tank 15%

Gap cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand.

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Costco is looking at alternative sourcing and price hikes as tariffs loom

Costco reported profit and revenue that beat Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases.

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Uber stock rises as net losses match expectations

Uber reported earnings for the first time as a public company on Thursday after the bell.

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Thursday, 30 May 2019

Uber's first earnings reports: Investors are looking for hints of profitability

Uber anticipates a net loss of at least $1 billion for the quarter, according to an audited report released in an SEC filing ahead of its IPO.

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Dollar Tree cuts profit forecast as costs rise

Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading before the bell.

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Dollar General beats quarterly same-store sales estimates

Dollar General beat analysts' estimates for quarterly same-store sales, as customers spent more on groceries, seasonal products and home goods at the discount retailer's stores.

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PVH cuts profit forecast as CEO sees retail softness, shares tank

PVH Corp. cut its annual profit forecast by 10 cents a share as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth.

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Wednesday, 29 May 2019

Abercrombie & Fitch shares tank 17% on weak same-store sales, retailer closing 3 flagship stores

Abercrombie's same-store sales growth of 1% during the first quarter came in short of what analysts were expecting, sending the retailer's stock tumbling.

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Dick's Sporting Goods shares soar on earnings beat, retailer hikes outlook

Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook.

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DowDuPont to take $800 million to $1.3 billion charge in the second quarter

DowDuPont said it expects to book an pretax charge of $800 million to $1.3 billion for the April-June quarter, resulting from changes in valuation of assets in the wake of a drop in ethanol prices and weak demand for its biomaterial products.

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Friday, 24 May 2019

Foot Locker's first-quarter results miss Street forecasts; cuts earnings outlook

Shares of Foot Locker tumbled in early trading Friday on weak profit and revenue numbers. The shoe retailer also cut its outlook for the year.

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Thursday, 23 May 2019

Best Buy beats quarterly same-store sales estimates

Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services.

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Medical device maker Medtronic posts 20% fall in quarterly profit

Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valves and stents.

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Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations

Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations.

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Latest retail results show department stores need more than touch-ups. They need reinvention

A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores.

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Wednesday, 22 May 2019

Vans owner VF Corp quarterly revenue beats estimates

Apparel maker VF Corp exceeded Wall Street's quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face.

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Lowe's posts mixed first-quarter, cuts forecast; shares fall

Lowe's reported fiscal first-quarter earnings before the bell on Wednesday.

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Target is about to report earnings. Here's everything you need to know

Morgan Stanley earlier this month upgraded shares of Target, calling it a "survivor" in retail.

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Tuesday, 21 May 2019

Kohl's shares sink 11% on earnings miss, retailer trims outlook

Kohl's also for the first time in two years missed same-store sales expectations, with CEO Michelle Gass saying the year "started off slower than we'd like."

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Home Depot earnings beat: $2.27 a share, vs $2.18 EPS expected

Home Depot reported first-quarter earnings before the bell on Tuesday.

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Monday, 20 May 2019

Lumentum says it's halting all Huawei shipments; cuts its quarterly forecast

Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei, following export restrictions put in place by the U.S.

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Friday, 17 May 2019

Chip gear maker Applied Materials results beat estimates, shares rise

Applied Materials forecast third-quarter profit and revenue above estimates and reported better-than-expected quarterly results.

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The trade war will be a 'pain' for Apple's earnings, Nomura Instinet says, cutting estimates

Nomura Instinet lowered its price target on Apple shares, citing a coming "trade strain" on the company's earnings.

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Deere shares slump after profit misses, and full-year profit and sales outlook is cut

An escalating trade war between the U.S. and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere's equipment.

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Nvidia sees brief pop after earnings beat

Nvidia managed to beat estimates for earnings and revenue for its fiscal fourth quarter even as revenue was down some 31%.

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Pinterest shares plunge 15% after reporting larger-than-expected loss

Pinterest released its first-quarter 2019 earnings report after the bell on Thursday.

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Thursday, 16 May 2019

Cisco rises on strong revenue guidance

Cisco beat on top and bottom lines and delivered better-than-expected revenue guidance.

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Walmart earnings report is coming. Here's everything you need to know

Walmart has been pouring money into new technology that helps it more speedily fulfill online orders, grow its massive grocery business, stock shelves with merchandise and even train its own employees.

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WeWork urges investors to see losses as 'investments' as it reports quarterly loss of $264 million

WeWork has to convince public market investors that its losses are different than those of Uber or Lyft as the company prepares for its IPO.

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Tuesday, 14 May 2019

Take-Two revenue forecast misses as competition from 'Fortnite' intensifies

Take-Two Interactive Software reported lower-than-expected revenue and forecast first-quarter sales below analysts' expectations.

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Tencent Music charges for more content as paying users drive profit beat

China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit.

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Friday, 10 May 2019

Symantec CEO Greg Clark steps down, stock drops

Shares of security company Symantec fell Thursday after the company said its CEO, Greg Clark, has stepped down. The company is looking for a replacement.

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GoPro shares surge after it raises revenue forecast on strong demand for new cameras

GoPro raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday.

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Thursday, 9 May 2019

Shares of Stamps.com cut nearly in half after company slashes earnings forecast

Stamps.com stock dropped 47% in premarket trading after the company slashed its 2019 earnings forecast.

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Disney rises slightly on earnings beat as Fox deal closes

Disney closed its acquisition of Fox's entertainment assets during the quarter and has since unveiled details for its new streaming service.

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Wednesday, 8 May 2019

Wendy's quarterly revenue beat estimates

Wendy's reported better-than-expected quarterly revenue, as it collected more royalties from its franchises and its line of premium burgers.

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Sprint loses more phone subscribers than feared in the fourth quarter

Wireless carrier Sprint on Tuesday reported greater-than-feared losses in phone subscribers who pay a monthly bill, as the company struggled to keep customers from going to larger rivals.

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Toyota operating profit growth to drop this year on revenue slip

Toyota Motor forecast lower growth in operating profit for the current year on an expected drop in revenue and weaker vehicle sales in Japan and North America.

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Honda forecasts 6% rise in annual profit on Europe factory revamp

Honda Motor forecast a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe.

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Papa John's swings to a loss as fallout from spat with founder weighs on profits

Papa John's reported first-quarter net loss of $3.80 million, or 12 cents per share, down from a net income of $17.4 million, or 52 cents per share, a year earlier.

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Lyft posts large loss in its first quarterly report as a public company

Lyft's stock has tumbled since its public debut in March as analysts scrutinize its path to profitability as rival Uber prepares its IPO.

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Tuesday, 7 May 2019

Mylan quarterly revenue misses estimates, shares fall

Drugmaker Mylan missed Wall Street estimates for quarterly revenue, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar,.

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Mallinckrodt jumps 9% after beating first-quarter earnings estimates, raises 2019 profit outlook

Mallinckrodt Pharmaceuticals soared in premarket trading Tuesday after the company released first-quarter earnings that beat Wall Street's expectations and raised its profit outlook for the year.

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Lyft has been a train wreck of a stock. Now it's about to report its first big earnings loss

Lyft shares are down 30% since its trade debut, and now the rideshare firm is preparing for another first: earnings as a public company. While its path to profits is still a long one, it will need to show investors revenue growth and cost-cutting.

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Pioneer Natural profit beats, takes 'Permian pure play' tag with asset sale

Pioneer Natural Resources beat Wall Street estimates for quarterly profit, and said it sold its Eagle Ford and remaining assets in South Texas to become a pure-play Permian basin producer.

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AIG shares jump as profit beats on strong underwriting and lower costs

Insurer AIG reported first-quarter earnings that trounced Wall Street estimates, as its general insurance business posted its first underwriting profit since the financial crisis.

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Thursday, 2 May 2019

Under Armour shares jump on earnings beat

Under Armour on Thursday reported first-quarter earnings and sales that topped analysts' expectations.

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DowDuPont profit slumps 28%, hit by lower chemical demand

Floods in the U.S. Midwest and a sluggish growth in auto and smartphone markets hit prices of its specialty and agricultural chemicals as well as volumes in North America.

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Square shares tank after company reports weaker-than-expected payment volume

Square shares dropped after the company reported weaker-than-expected gross payments volume and guidance for the second quarter.

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Wednesday, 1 May 2019

CVS Health beats first-quarter expectations, raises full-year forecast

CVS Health on Wednesday reported results from its fiscal first quarter.

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Yum Brands quarterly earnings top expectations

Yum Brands reported earnings before the bell Wednesday.

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Apple stock spikes after reporting strong guidance and earnings beat

Apple's guidance for next quarter was higher than analysts expected and it approved $75 billion in share repurchases.

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