Wednesday, 27 November 2019

Intel chip shortage is pulling down PC makers' revenue expectations

As companies get ready to buy new PCs with Windows 10, some PC makers think they'll end up with less revenue than they had previously expected,

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Deere reports lower quarterly earnings

Deere on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers.

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Box raises full-year revenue forecast as demand for its services rises

Box raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition.

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Dell cuts full-year revenue forecast on PC chip shortage

Dell Technologies cut its full-year revenue forecast on Tuesday as its PC business grapples with a shortage of chips from Intel, sending its shares down nearly 5% in extended trading.

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HP rises on earnings beat

HP got back to sequential revenue growth in the quarter.

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Tuesday, 26 November 2019

Dollar Tree shares tank 13% after discount retailer cuts forecast, blaming tariffs

The discount retailer said tariffs slapped on Chinese goods will hit earnings by 6 cents in the fourth quarter.

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Abercrombie & Fitch misses same-store sales estimates

Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer's surfwear-themed Hollister clothing line.

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Dick's Sporting Goods shares surge on earnings beat, raised outlook

Dick's Sporting Goods on Tuesday reported its strongest same-store sales gains since 2013, as its e-commerce sales grew 13% during the latest quarter, and it sold more apparel and footwear.

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Best Buy shares surge after beating expectations and raising forecast

Best Buy reported third-quarter earnings on Tuesday that beat analysts' expectations ahead of the holiday season.

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Friday, 22 November 2019

Pure Storage's stock plunges, weak guidance is an ominous sign for tech infrastructure vendors

Pure Storage gave a lighter-than-expected sales forecast, sparking a plunge in the company's stock price.

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Gap shares rise on earnings, sales beat; retailer says making 'progress' on split

Gap Inc. had already warned earlier this month that it was anticipating dismal results. Total same-store sales dropped 4% during the quarter.

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Nordstrom shares jump after earnings beat estimates

Nordstrom shares jumped more than 10% after the retailer beat earnings estimates and matched revenue expectations.

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Thursday, 21 November 2019

Macy's shares fall on sales miss, retailer slashes outlook

Macy's reported its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls.

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Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits

L Brands turned in mixed third-quarter results Wednesday as declining sales at Victoria's Secret have continued to weigh on its performance.

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Wednesday, 20 November 2019

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

Many analysts expect Target to head into the holiday season with the wind at its back.

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Lowe's earnings top estimates despite revenue shortfall, raises 2019 forcast

Lowe's is scheduled to report earnings on Wednesday before the bell after Home Depot reported a weak sales number on Tuesday.

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Tuesday, 19 November 2019

Kohl's shares tank on earnings miss, retailer cuts fiscal 2019 earnings outlook

"The quarter started off positive in August with another successful back-to-school season and ended strong in October," CEO Michelle Gass said.

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Medical device maker Medtronic's quarterly profit rises 22%

Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday.

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Home Depot cuts 2019 forecast after sales miss, shares crater

Last quarter, Home Depot trimmed its full-year revenue outlook, partially due to potential tariff impacts.

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Tuesday, 12 November 2019

Tyson Foods misses quarterly sales estimates

The No.1 meat processor in the U.S. was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity.

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DR Horton beats on profit, sees 2020 home sales above estimates

D.R. Horton beat Wall Street estimates for quarterly profit and forecast 2020 home sales above estimates on Tuesday, as the No. 1 U.S. homebuilder benefits from strong demand on the back of cheaper mortgage rates.

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Tencent Music's quarterly revenue beats on subscriber growth

China's Tencent Music Entertainment reported better-than-expected third-quarter revenue on Monday, as the streaming company added more paying users.

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Friday, 8 November 2019

Expedia, TripAdvisor fall more than 20% after blaming poor earnings on decrease in Google search results

Expedia and TripAdvisor stocks tanked following poor third-quarter earnings after the bell Wednesday.

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Dropbox stock pops, then fizzles on earnings beat

Dropbox revenue growth accelerated sequentially in the third quarter as the company seeks to improve the collaborative experience.

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Disney stock rises after beating on top and bottom lines

Disney's fiscal fourth-quarter earnings come just days before Disney+ is set to launch.

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Thursday, 7 November 2019

GoDaddy shares surge on its biggest-ever buyback plan

GoDaddy reported a 12% rise in quarterly revenue as the web hosting company earned more per user. Shares surged in premarket trading after announcing its biggest share buyback ever.

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Qualcomm stock spikes after licensing business propels earnings and revenue past estimates

Qualcomm said in its release the strong profit was primarily due to its licensing business, which will continue to benefit in the move to 5G.

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Roku shares tank despite revenue beat for the third quarter

The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter.

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Wednesday, 6 November 2019

Papa John's stock jumps after announcing executive reshuffle, revenue tops estimates

Papa John's stock jumped 5% after announcing an executive reshuffle and quarterly revenue that topped Wall Street's estimates.

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Altice USA misses estimates, cuts full-year sales forecast; shares slide

Altice USA missed expectations for third-quarter results on Tuesday due to weakness at its pay-TV division and the cable TV provider cut its full-year sales forecast, sending its shares down 10%.

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Humana raises 2019 profit forecast as Medicare Advantage unit flourishes

Humana reported third-quarter profit that beat Street estimates on higher sales of its government-backed Medicare Advantage health plans, and raised its full-year earnings forecast.

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CVS Health third-quarter profit rises 10% on Aetna sales

CVS Health reported third-quarter earnings that beat Wall Street's estimates as its Aetna insurance business helped boost the company's profit by 10%.

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Match stock slides 16% after disappointing guidance

The online dating services company gave fourth-quarter revenue guidance that was below analysts' expectations.

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Weight Watchers plunges 13% after posting mixed third-quarter earnings

Shares of Weight Watchers plunged 15% after the company posted mixed third-quarter results.

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Tuesday, 5 November 2019

Kate Spade owner Tapestry shares jump on mixed earnings report

The owner of the Kate Spade and Coach handbag brands on Tuesday reported quarterly earnings that beat Street estimates, but sales missed estimates due to weakness at Kate Spade.

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Connected fitness company Peloton reports earnings before the bell

Connected fitness company Peloton reports earnings Tuesday before the bell, the first time Peloton will report since making its public debut.

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Occidental to slash spending after swinging to a loss

Occidental Petroleum said it would slash spending on big projects by 40% next year.

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Shake Shack shares fall more than 13% as same-store sales growth disappoints

Shares of Shake Shack fell on Monday after reporting same-store sales below expectations.

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Uber CEO Dara Khosrowshahi predicts profitability by 2021

Uber continues to burn through cash, but CEO Dara Khosrowshahi said the company could become profitable by 2021.

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Uber stock falls after earnings beat estimates, but quarterly loss topped $1 billion

CEO Dara Khosrowshahi has said 2019 will be Uber's peak investment year.

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Monday, 4 November 2019

Under Armour is about to report earnings. Here's what to expect

Over the weekend, a report from The Wall Street Journal said Under Armour was facing a federal criminal investigation over accounting practices allegedly used to make its finances look healthier.

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Buffett's Berkshire Hathaway reports better-than-expected profit and a $128 billion cash pile

Berkshire benefited as resilience in consumer spending helped cause U.S. economic growth to slow less than expected.

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Friday, 1 November 2019

Chevron earnings drop 36%, more than expected

Chevron missed analyst estimates for both earnings and revenue as lower oil and natural gas prices offset an increase in production.

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Exxon Mobil earnings drop 49% in the third quarter on lower oil prices

The big earnings decline was actually slightly better than Wall Street expected.

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Pinterest stock plunges 20% on revenue miss and disappointing forecast

While still much smaller than Google and Facebook, Pinterest is picking up market share in online ads.

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