Wayfair's stock tanked Friday morning, after the online furniture retailer said its losses widened during the holiday quarter.
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Friday, 28 February 2020
Mylan warns of possible drug shortages, financial hit due to coronavirus
Drugmaker Mylan said on Thursday it expects the coronavirus outbreak to impact its financial results and warned of drug shortages in case of continued spread of the virus, sending shares of the company down 3.6%.
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Beyond Meat revenue tripled, but shares fall as losses return
Beyond Meat's fourth-quarter revenue tripled, but shares tumbled in extended trading after the company reported a loss.
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Thursday, 27 February 2020
Goldman sees zero earnings growth for US companies this year because of coronavirus
Goldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020.
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PayPal warns coronavirus will have a negative impact on revenue expectations for the quarter
PayPal reduced its first quarter revenue guidance by a percentage point.
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JC Penney holiday-quarter sales drop nearly 8%, but earnings top estimates
J.C. Penney's fourth-quarter earnings topped analysts' expectations, despite steep sales declines during the holiday season, the company said on Thursday morning.
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Best Buy shares up as earnings top estimates, driven by strong holiday sales
Best Buy's fourth-quarter results exceeded analysts' expectations, driven by strong sales gains over the holidays.
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AB InBev sees a 10% hit to its first-quarter profit from coronavirus
Anheuser-Busch InBev forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world's largest beer maker expects the coronavirus outbreak to dent its earnings.
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L Brands tops lowered earnings expectations as it preps to take Victoria's Secret private
L Brands reported earnings and sales for the holiday quarter that topped analysts' expectations, as it prepares to take its Victoria's Secret lingerie business private.
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Square profit beats on growth in subscription and services business
Square beat market expectation for quarterly profit on Wednesday, as the payments processor earned more from its subscription and services business, especially from Cash App.
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Box forecasts strong first-quarter revenue; shares up
Box forecast first-quarter revenue above Street estimates, betting on high demand for its online software products that allow companies to manage and store content, sending its shares up nearly 9% in extended trading.
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Marriott, Booking Holdings warn of virus hit as JetBlue waives cancellation fees
Hotel operator Marriott International said it expects a roughly $25 million hit to its monthly fee revenue from the fast-spreading coronavirus, as U.S. airline JetBlue Airways said it would drop cancellation fees, even though it doesn't serve markets hit hardest by the outbreak.
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Microsoft warns it will miss guidance for segment that includes Windows because of coronavirus
The coronavirus had already been a factor in Microsoft's forecast for the More Personal Computing business, which now no longer applies.
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Coronavirus concern weighs on Nutanix outlook, drags stock down over 20%
Nutanix shares plunged after the company gave a cautious outlook in part because of "the anticipated impact of the coronavirus."
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Wednesday, 26 February 2020
CEOs have 'no clue' on coronavirus impact in what could be a lost year for earnings, investor says
Top management at global companies are clueless on the full extent of the coronavirus impact, a portfolio manager told CNBC Wednesday.
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Salesforce Co-CEO Keith Block steps down; Marc Benioff will be sole CEO
Keith Block joined Salesforce from Oracle in 2013 and became co-CEO in 2018.
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Lowe's shares fall as fourth-quarter sales fall short of estimates
Lowe's earnings are a progress report on the company's turnaround effort under CEO Marvin Ellison.
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SmileDirectClub eyes controlled growth and profitability in 2020
SmileDirectClub said on Tuesday it is looking at a "controlled growth" in 2020 after the online dental company posted a bigger-than-expected loss as it spent more to market its teeth aligners.
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Virgin Galactic reports greater-than-expected quarterly loss, shares slide
Virgin Galactic reported fourth-quarter results after the market closed on Tuesday that showed a larger loss than Wall Street expected.
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Tuesday, 25 February 2020
Macy's shares jump more than 6% as earnings top lowered expectations
Macy's has been trying to win back customers, as shoppers head to the mall less frequently and shop more online.
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Mastercard shares drop after company warns coronavirus may hit 2020 revenue
Shares of Mastercard fell on Monday after the credit card company issued a warning that the fast-spreading coronavirus could hurt its revenue this year.
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Home Depot earnings are coming before the bell. Here's what the Street expects
Home Depot's earnings report will shed light on whether its significant investments in the company are paying off.
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HP jumps after beating estimates and increasing its share buyback program
In addition to beating analysts' expectations, HP reiterated its opposition to Xerox's efforts to buy the company, which is four times larger than Xerox.
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Monday, 24 February 2020
These two retail stocks could take off after earnings, charts suggest
Gear up for a major earnings week for retail stocks. Piper Sandler technician Craig Johnson is keeping a close watch on two names.
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Friday, 21 February 2020
Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents
Coca-Cola is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.
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Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing
Deere beat earnings and revenue expectations for its fiscal first quarter.
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Deere reports unexpected rise in quarterly profits
Deere on Friday reported an unexpected rise in profits in the first quarter, helped by early signs of stabilization in the U.S. farm sector.
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Dropbox shares jump on earnings beat
Dropbox surpassed estimates for earnings, revenue and paid users in the fourth quarter. Dropbox stock jumped as much as 16% in after-hours trading.
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Boston Beer founder Jim Koch defends hard seltzer investment after disappointing earnings report
"We really don't know how far is up" for hard seltzer, Boston Beer Company founder Jim Koch told CNBC.
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Thursday, 20 February 2020
Stamps.com jumps more than 50% Thursday, a year after crashing nearly 50% in a single day
The company reported an adjusted profit of $2.12 per share. Analysts polled by Refinitiv expected earnings of $1.03 per share.
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Norwegian Cruise Line cancels Asia voyages due to coronavirus
Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects to take an earnings hit of 75 cents per share for the full year because of the coronavirus, the company said Thursday.
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Domino's stock soars 17% on earnings beat; pizza chain backs long-term outlook
Domino's reported U.S. same-store sales growth of 3.4%, topping Wall Street's estimates of 2.3%.
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ViacomCBS revenue falls 3% in first quarterly report since merger
ViacomCBS posted a 3% drop in revenue on Thursday as the company reported its first quarterly results since the merger of the two media firms late last year.
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Maersk warns coronavirus outbreak to hit 2020 earnings
Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown.
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Zillow results boosted by strong performance in home unit, shares rise
Zillow on Wednesday reported a surge in quarterly revenue and a smaller-than-expected loss as more people used its real estate website to buy and sell homes, sending its shares up 10% in trading after the bell.
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Wednesday, 19 February 2020
Analog Devices revenue forecast misses on coronavirus concerns
Analog Devices joins Apple and a host of other companies expecting potential damages as the rapidly spreading coronavirus disrupts supply chains and delays the reopening of factories in China.
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Dish profit tops estimates as fewer pay-TV subscribers drop out
U.S. satellite TV provider Dish Network's quarterly results beat Wall Street estimates on Wednesday, as it lost fewer pay-TV subscribers.
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Shares of Groupon fall over 20% after fourth-quarter earnings and revenue miss estimates
Groupon CEO Rich Williams said the company's plan to ditch goods to focus on experiences will allow "a stronger Groupon emerge" in 2020.
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Outside of the big 5 tech companies, earnings growth is zero
Goldman Sachs found that just 5 companies, including Apple and Amazon, have contributed to the S&P 500's EPS growth.
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Tuesday, 18 February 2020
Medtronic misses revenue estimates, warns on coronavirus impact
Medtronic missed estimates for third-quarter revenue on Tuesday as its heart device unit reported a slowdown in demand ahead of new product launches, and said it expects its fourth quarter to take a hit from the coronavirus outbreak.
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Walmart is about to report earnings. Here's what to expect
As Walmart's grocery business has been on fire, its e-commerce operations have been more controversial. And some of its bets have failed.
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Apple warns on revenue guidance due to production delays, weak demand in China because of coronavirus
Apple said in late January that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter.
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Nvidia shares surge on signs of a machine learning boom
Nvidia stunned analysts with strong quarterly results and joined rivals Intel and Advanced Micro Devices in predicting strong demand for chips used in data centers and A.I.
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Friday, 14 February 2020
AstraZeneca braces for coronavirus hit, but no impact so far
AstraZeneca forecast a likely slowdown in revenue growth this year, assuming a hit from China's coronavirus epidemic lasting up to a few months, although it added there had been limited disruption to its operations so far.
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Canopy Growth promises to focus on cutting costs as losses grow
Canopy Growth said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and growing expenses that led to a bigger adjusted loss in the quarter.
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Mattel shares jump as earnings top estimates, but American Girl and Fisher-Price sales remain weak
Mattel turned in mixed fourth-quarter results after holiday revenue was weighed down by continuing sales declines in its American Girl and Fisher-Price brands.
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Roku beats Q4 expectations, shares rise
Analysts have been closely watching Roku as the streaming wars heat up, providing more content for the company to offer users. Here's what Roku reported in its Q4 earnings.
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Thursday, 13 February 2020
Kraft Heinz delays the announcement of long-term turnaround plan, shares tumble
Kraft Heinz disclosed impairment charges of $666 million, including writing down the value of its Maxwell House trademark by $213 million.
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Alibaba beats revenue estimates on record Singles' Day sales
China's Alibaba reported a better-than-expected quarterly revenue on Thursday, boosted by record sales during its annual Singles' Day shopping blitz and growth in its cloud computing business.
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MGM Resorts CEO Jim Murren steps down, withdraws 2020 forecast blaming coronavirus
MGM Resorts International chairman and CEO Jim Murren has told the company's board that he is stepping down, prior to his contract ending, the company announced Wednesday.
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Cisco shares drop after earnings report as revenue continues to decline
Growth has been tepid at Cisco, with most of the growth in enterprise IT spending going towards the big cloud vendors.
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Wednesday, 12 February 2020
CEOs who mention 'growth' on earnings calls see outsized stock gains
Companies with CEOs who make liberal use of positive words like "growth" during earnings calls outperform their counterparts, a study finds.
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Boeing warns coronavirus could hurt first quarter aircraft deliveries
Boeing's CFO Greg Smith said the spread of coronavirus could hurt aircraft deliveries in the first quarter of the year.
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Carnival says earnings could take a big hit if it has to halt Asia operations for the coronavirus
Carnival Cruise Lines said the deadly Chinese coronavirus could dent earnings this year if the cruise line is forced to suspend Asia operations.
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Shopify forecasts full-year revenue above estimates, shares rise 8%
Canadian e-commerce company Shopify posted better-than-expected quarterly earnings, helped by higher holiday sales, and forecast full-year revenue above Wall Street estimates.
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CVS Health beats on fourth-quarter earnings and revenue
CVS Health report Wednesday fiscal fourth-quarter earnings and revenue that beat Wall Street's expectations.
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Bed Bath & Beyond shares plunge 26% on weak same-store sales warning
Bed Bath & Beyond said sales in the first two months of the final quarter were hit by increased promotions, falling store traffic and inventory management issues.
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Boeing sees airline profits hit, stagnant air cargo market due to coronavirus
The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior executive at Boeing said on Wednesday.
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Lyft beats revenue estimates but stock falls
Lyft reported earnings for its fourth quarter of 2019 Tuesday that beat analyst estimates on revenue and active riders.
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Under Armour expects shipping delays and is taking a sales hit because of deadly coronavirus
"We think it's reasonable to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows," CEO Patrik Frisk says.
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Tuesday, 11 February 2020
Twitter's brief history of earnings rallies shows they often don't last
Twitter surged after a big quarterly increase in users, but history shows the social media stock's rallies don't last.
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XPO announces new CFO, watches for coronavirus impact
XPO Logistics will continue to consider a sale and or spinoff of its business units after reporting a beat on earnings and a miss on revenues on Monday.
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Under Armour shares tank on sales miss, sees $50 million to $60 million hit from coronavirus
Under Armour shares plummeted Monday morning after the company reported sales that missed analysts' estimates during the holiday quarter.
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Hasbro shares soar as 'Star Wars,' 'Frozen 2' toys fueled holiday sales
Strong sales of "Star Wars" and "Frozen 2" toys helped boost Hasbro's holiday sales during the fourth quarter, sending shares of the company up 7% in premarket trading Tuesday.
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Monday, 10 February 2020
Popeyes parent's stock jumps as chicken sandwich drives sales; earnings top estimates
Popeyes Louisiana Kitchen's chicken sandwich permanently returned in November.
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Friday, 7 February 2020
Canada Goose sees hit to 2020 profit, sales from coronavirus
Canada Goose Holdings Inc said on Friday lower store traffic in China and travel restrictions due to the coronavirus epidemic would impact its revenue and lead to a smaller profit in 2020, sending its shares down 4%.
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Pinterest shares surge after earnings beat
Pinterest beat on both the top and bottom lines in its fourth-quarter 2019 earnings.
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Uber shares spike as company says it will reach a key profitability goal sooner than expected
Uber's revenue accelerated in the fourth quarter, and losses were smaller than expected.
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Thursday, 6 February 2020
Fiat Chrysler's profit rises ahead of Peugeot merger
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France's PSA.
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Coach owner Tapestry cuts profit forecast on coronavirus hit
Coach handbag maker Tapestry Inc cut its annual profit forecast on Thursday, citing an up to $250 million hit to sales from the coronavirus outbreak that has forced it to close a majority of its stores in mainland China.
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Toyota lifts profit outlook, mulls alternatives to China-made parts amid virus outbreak
Toyota Motor nudged up its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected sales, but added the impact of the new coronavirus was hard to gauge and had not yet been factored in.
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Twitter shares soar after reporting strong user numbers and miss on earnings
Twitter experienced headwinds around its advertising product in the previous quarter.
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Taco Bell parent's stock falls on earnings miss
Yum Brands, which owns Taco Bell, KFC, and Pizza Hut, fell short of Wall Street's estimates for its fourth-quarter earnings.
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Peloton stock plummets after the company reports widening loss, slowing revenue
Peloton shares plummeted after the fitness company's second earnings report since its public debut in September showed mounting losses and slowing revenue growth.
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Fox says cable ad revenue was hurt by impeachment coverage last quarter
Fox Corporation said breaking news coverage of the impeachment hearings for president Donald Trump was part of the reason its cable ad revenue fell 5% in its second quarter.
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Wednesday, 5 February 2020
GlaxoSmithKline's profit hit by pricing pressure, sees lower 2020 profit
GlaxoSmithKline on Wednesday reported quarterly profit that fell short of analysts' expectations because of pricing pressure, mainly hitting its respiratory drugs.
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Michael Kors owner Capri warns of $100 million hit from coronavirus, cuts forecasts
Michael Kors owner Capri Holdings cut its forecasts on Wednesday as it warned of a $100 million hit to revenue due to the coronavirus outbreak in China.
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GM is set to report earnings before the bell – here's what the Street expects
Wall Street's attention is expected to be on the Detroit automaker's operations in China, which experienced a 15% sales decline last year, as well as the company's 2020 outlook.
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Merck to spin-off women's health, biosimilar businesses
Merck on Wednesday announced plans to spin off nearly 90 products into a new publicly traded company.
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Novo Nordisk sees slower 2020 growth with US insulin prices pressured
Diabetes drug maker Novo Nordisk said on Wednesday it expects its business to grow at a slower pace in 2020 compared to last year with insulin prices in the U.S. likely to remain under pressure.
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Match quarterly revenue misses estimates as Tinder subscriber growth slows
Match missed Wall Street's quarterly revenue estimates on Tuesday, as sequential subscriber growth on its popular dating app, Tinder, fell to its lowest in at least a year, sending shares down 10% after the bell.
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Snap tanks on revenue shortfall
Snap reported revenue of $561 million, missing analysts expectations of $563 million.
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Nike says the coronavirus epidemic will have 'material impact' on China operations
Nike said it's closed half of its stores in China, saying the outbreak will have a "material impact" on its operations across the country.
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Tuesday, 4 February 2020
Ford loses $1.7 billion in fourth quarter on flawed Explorer launch, labor costs, China
Ford shares plunged by more than 10% during after-hours trading Tuesday to about $8.30 per share.
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Chipotle earnings beat Wall Street estimates
Nearly a fifth of Chipotle's sales during its fourth quarter came from digital orders.
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Disney set to report earnings after the bell
This is the first Disney earnings report since the launch of Disney+ last November.
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Royal Caribbean cuts earnings guidance, warns more cruises may be canceled amid coronavirus uncertainty
Royal Caribbean Cruises warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak.
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Earnings season separating haves from have-nots as coronavirus spreads
Megacap tech names have posted strong results, but cyclical companies with global exposure are seeing estimates decreased amid the coronavirus outbreak.
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Ralph Lauren beats quarterly revenue estimates
Ralph Lauren Corp inched past holiday-quarter revenue estimates on Tuesday, helped by demand for its winterwear in Europe and North America.
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Sony raises outlook on strong sensor demand, warns of virus risks on supply chain
Sony raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain.
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Google still isn't telling us about a key metric for YouTube and cloud: Profits
Alphabet disclosed YouTube and cloud revenue for the first time on Monday, but investors looking for the bottom-line numbers are still out of luck.
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Alphabet shares slide despite earnings beat
Google parent company Alphabet got a new CEO during the quarter. This will mark Sundar Pichai's first earnings call as the leader of the entire company.
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Alphabet discloses YouTube ad revenues of $15.15 billion, cloud revenues of $8.92 billion for 2019
Google broke out numbers for YouTube and cloud for the first time Monday.
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Monday, 3 February 2020
These five companies reporting earnings in the week ahead almost always beat the Street
Columbia Sportswear, AGCO, Cognizant Tech, Paycom Software and Snap-on almost always beat Wall Street's earnings estimates.
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