Friday, 30 August 2019

Campbell Soup shares rise after beating profit estimates on cost cuts

Campbell Soup reports better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares climbing before the bell.

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Thursday, 29 August 2019

Abercrombie & Fitch cuts full-year sales forecast on tariff impact

The apparel maker is grappling with the impact of increased U.S. tariffs on Chinese goods.

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Best Buy shares fall after reporting second-quarter revenue and same-store sales misses

Investors were pessimistic even though Best Buy reported earnings that beat expectations by 9 cents and raised its guidance for the fiscal year.

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New merchandise, revamped stores drive Dollar General forecast, shares up 8%

The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration's latest tariffs on some Chinese imports, including holiday merchandise.

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Wednesday, 28 August 2019

Coty's quarterly loss widens on $3 billion writedown

Quarterly revenue was hurt by sluggish demand in Coty's biggest segment, consumer beauty.

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Tiffany earnings top estimates even as revenue falls, hurt by Hong Kong unrest

Tiffany's quarterly earnings top expectations, but sales fall short. The luxury jeweler also maintained its outlook for the full year.

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Autodesk shares plunge on trade war concerns

Autodesk said that due to "trade tensions and macro uncertainty," it lowered its revenue outlook for the year.

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HPE jumps as it raises full-year guidance

HPE's revenue has now fallen on an annualized basis for three consecutive quarters, but the company raised its guidance forecast for the full fiscal year.

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Thursday, 22 August 2019

Victoria's Secret drags down parent company L Brands second-quarter earnings

The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.

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Nordstrom shares jump after delivering strong fiscal second-quarter profit, even as sales weaken

Here's what Nordstrom reported for its fiscal second-quarter earnings.

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Wednesday, 21 August 2019

Target CEO: The US trade war creates 'uncertainty' and 'complexity' for retailer

"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.

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Toll Brothers profit beat is clouded by weakness in orders

Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.

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Cardinal Health warns ongoing opioid-related lawsuits to hit business

Drug distributor Cardinal Health warned that its business could be hurt as it defends itself against several opioid-related lawsuits.

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Target's second-quarter profit unexpectedly jumps 17%, company hikes earnings outlook

Target this week announced the launch of a new in-house grocery line, marking its biggest private-label venture to date. The retailer has been investing heavily in incubating its own brands.

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Lowe's reports second-quarter earnings that beat analyst estimates

Lowe's reports second-quarter earnings that beat analyst estimates

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Tuesday, 20 August 2019

Kohl's second-quarter profits beat expectations, but sales miss the mark

Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings expectations during the second quarter.

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Home Depot is about to report earnings. Here's what you need to know

Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year.

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Monday, 19 August 2019

Airbnb records 30% growth rate in Q1 on booking strength, Reuters reports

Airbnb is readying for a listing in the first half of 2020.

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Estee Lauder sees robust fiscal 2020 on booming skincare demand

Estee Lauder forecast full-year revenue and profit above Wall Street expectations after beating quarterly earnings estimates.

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Friday, 16 August 2019

Nvidia jumps on earnings beat

Nvidia's revenue was down year over year again, but it still beat estimates, sending the stock upward.

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Deere earnings fall short as company says farmers are delaying purchases because of the trade war

Shares of Deere fell on Friday after the equipment company missed earnings expectations and lowered guidance.

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Thursday, 15 August 2019

JC Penney reports mixed second-quarter results as sales decline at a faster-than-expected pace

J.C. Penney on Thursday reported mixed second-quarter results that showed its sales are continuing to erode.

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Tapestry expects quarterly revenue, profit to drop as Kate Spade drags

Tapestry forecast a surprise fall in first-quarter revenue and profit on Thursday, as the high-end fashion house struggles with sluggish demand for its Kate Spade handbags, sending its shares down 6%.

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Cisco drops on poor guidance, says China business dropped 25%

Cisco beat in its key Infrastructure Platforms segment, but the company's guidance for the next quarter came in below the levels analysts were anticipating.

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Walmart is about to report earnings. Here's what you need to know

The threat of additional tariffs on consumer goods taking effect later this year remains a headache for Walmart, the largest retailer in the world.

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Wednesday, 14 August 2019

Department store stocks fall on the heels of Macy's dismal earnings

Shares of Nordstrom, Kohl's, and Dilliard's fell in premarket trading on Wednesday after Macy's lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector.

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Macy's is about to report earnings. Here's what you need to know

Macy's shares are down more than 50% from a year ago. The company has been hit along with other department store operators.

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Monday, 12 August 2019

S&P 500 earnings could turn negative for 2019 amid the trade war

Analysts are lowering their earnings estimates for the quarters ahead amid a trade war.

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Friday, 9 August 2019

Uber's Q2 losses were bigger than total 2018 losses for all but three S&P 500 companies

General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber's $5.2 billion Q2 deficit.

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Uber shares slide after reporting disappointing quarterly results

Uber has worked to keep riders, and drivers, loyal with membership offerings and loyalty rewards, while battling competitors like Lyft.

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Thursday, 8 August 2019

IAC exploring spin-off of Match Group and ANGI Homeservices

IAC says it's exploring a possible distribution of its interests in Match Group and ANGI Homeservices to its shareholders.

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Viacom beats quarterly revenue estimates

Viacom, the owner of MTV, Comedy Central, and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic advertising revenue.

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AIG profit beats on strong underwriting, investment income

American International Group beat Wall Street estimates for quarterly profit, boosted investment income, sending its shares up 2.7% in extended trading.

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Fox Corp beats quarterly profit estimates on higher affiliate fees

Fox Corp reported quarterly results that beat Wall Street estimates, boosted by higher fees collected from cable and satellite operators and online distributors.

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Roku is 'excited' for onslaught of new on-demand platforms and the ad products they'll offer them

The company attributed acceleration in revenue growth to strength in its ads business.

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Lyft flat despite strong earnings report

Lyft beat analysts' expectations across the board for its second quarter trading on public markets.

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Zillow incurs heavy losses to expand home unit; shares tumble

Zillow said it lost more money in the second quarter than it lost last year as it spent heavily to boost its home segments business.

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Wednesday, 7 August 2019

'Dark Phoenix' dragged down Disney's box office earnings despite 'Avengers' success

Disney blamed "Dark Phoenix" for dragging on the company's massive box office haul. Overall, the studio reported revenue of $3.8 billion during the quarter, shy of the $4.5 billion analysts had foreseen, according to Refinitiv data.

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CVS posts big earnings beat, raises full-year forecast

CVS hiked its full-year forecast after beating analysts' second-quarter earnings and revenue expectations.

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Disney's Iger says it's a coincidence Disney+ bundle costs the same as a Netflix subscription

Disney CEO Bob Iger sits down for an interview with CNBC's Julia Boorstin to discuss Disney+ pricing

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Disney shares fall after earnings miss

Disney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday.

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Friday, 2 August 2019

Chevron profit rises 26.3% on higher output

Chevron reported a 26.3% rise in quarterly profit, as higher production more than offset lower crude oil and natural gas prices and a rise in expenses.

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Apple's earnings hit from new tariffs is 'manageable' so buy the dip: Bank of America

Bank of America Merrill Lynch reiterated its buy rating for Apple.

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Exxon Mobil earnings beat, shares jump 2%

Exxon Mobil reported second-quarter results that beat analyst expectations, sending the company's stock up more than 2% in the premarket.

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Thursday, 1 August 2019

British American Tobacco beats on first-half sales, helped by higher demand for e-cigarettes

The company forecast U.S. cigarette volumes would now fall 5.5% this year, more than its previous estimate for a 4-5% decline.

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Wayfair shares whipsaw as costs build up and loss widens

Wayfair shares dropped Thursday after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed.

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Verizon CEO sees functioning next generation 5G wireless in half the US next year

But it will take until 2024 for half of Americans to actually operate 5G phones, he says.

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General Motors shares up as earnings beat on strong North American profits

Shares of General Motors have risen more than 7% over the last 12 months and are up more than 21% since the beginning of the year.

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Shares of Taco Bell-owner Yum Brands jump as earnings top estimates

Taco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands.

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Thomson Reuters raises its outlook as revenue growth picks up

Thomson Reuters raised its sales and core profit outlook for 2019 and 2020 after reporting 4% organic revenue growth for the second quarter.

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Qualcomm disappointed Wall Street. It says Huawei is partly to blame

Qualcomm CEO Steve Mollenkopf said the ban on supplying Huawei led to a rise in market share for the Chinese firm in China's smartphone market. That hit Qualcomm.

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