Earnings

Lululemon Reports Mixed Results For Fourth Quarter

Lululemon (NASDAQ:LULU) reported mixed earnings for the fourth quarter. Net income increased to $136 million, or 99 cents per share, from $117 million, or 85 cents per share, in the same quarter a year earlier. CEO Laurent Potdevin said, “2016 marks a milestone year where our successful execution against long-term strategies returned the company to […]

Exxon Mobil Beats Earnings Forecasts

Exxon Mobil (NYSE:XOM) beat forecasts on earnings for the fourth quarter of its fiscal year. Exxon reported a fourth-quarter adjusted profit of 90 cents a share, higher than Wall Street analysts’ estimates of 70 cents a share. In the same period a year ago, it reported earnings of $2.8 billion, or 67 cents a share. […]

Wells Fargo Fourth Quarter Income Results Miss Estimates

Wells Fargo & Co. (NYSE:WFC) has released the results for the fourth quarter of its fiscal year. The company reports that net income fell 5.4 percent to $5.27 billion, or 96 cents a share, from $5.58 billion, or $1, a year earlier. The average estimate of surveyed analysts was for adjusted profit of $1 a […]

Target Beats Expectations For Sales And Earnings

Target (NYSE:TGT) reported a much smaller than expected decline in comparable sales for the third quarter of its fiscal year and topped Wall Street’s sales and earnings estimates. Target’s adjusted earnings were $1.04 per share on sales of $16.44 billion in the fiscal third quarter. Analysts had expected earnings of 83 cents a share on […]

Standard Chartered Fails To Meet Earnings Estimates For 3Q

Standard Chartered (STAN) reported disappointing third quarter results on Tuesday. The bank generated income of $3.47 billion in the July to September quarter, down 6 percent from $3.68 billion from a year ago. Its third quarter underlying pretax profits were $458 million, compared with a $139 million loss last year. That missed the $520 million […]

Visa 4Q Earnings and Revenue Higher Than Expected

Visa (NYSE:V) reported better-than-expected fiscal fourth-quarter earnings that rose 28 percent from a year earlier. Visa reported net income of $1.93 billion, or 79 cents per share, for the period ended Sept. 30, compared with $1.51 billion, or 62 cents per share, in the same period a year earlier. Analysts surveyed by FactSet expected earnings […]

Walgreens Beats On Earnings, Misses On Revenue

Walgreens Boots Alliance Inc. (NASDAQ:WBA) reported mixed results for its latest quarter. While adjusted earnings topped estimates, revenue fell shy of expectations. The company reported net earnings of $1.03 billion, or $0.95 a share, on revenue of $28.6 billion for the quarter. On an adjusted basis, its EPS would have been $1.07. Wall Street analysts […]

Deere & Co. Surprises Many With 3rd Quarter Profit

Deere & Co. (NYSE:DE) reported a better-than-expected fiscal third-quarter profit, surprising investors and analysts alike. The company reported that net income rose to $1.55 cents a share in the three months through June, up from $1.53 a year earlier. That was considerable higher than the 94-cent average expected by analysts polled by Bloomberg. The company […]

Staples’ Sales Slide Continues

Slowing sales are continuing to affect Staples’ (NASDAQ:SPLS) bottom line. Staples posted a loss of $766 million, or $1.18 per share, for the second quarter of its fiscal year. In the same period a year ago, the company posted net income of $36 million, or 6 cents a share. The office supply giant said sales […]

JCPenney Beats Second Quarter Estimates

JCPenney (NYSE:JCP) reported better-than-expected earnings for the second quarter of its fiscal year. The department store chain reported a 5 cent per-share loss on an adjusted basis. This translated to a loss of about $56 million in the last quarter. Analysts expected a 15 cent loss. The company reported a 41 cent loss in the […]

Wendy’s Sales Slow In Second Quarter

The Wendy’s Co. (NASDAQ:WEN) appears to be struggling with slowing sales growth. The company reported on Wednesday that same-store sales rose 0.4 percent in the second quarter. Analysts had expected 1.9 percent growth. Same-store sales rose 3.6 percent in the first quarter. Wendy’s had lower restaurant sales from company locations in the quarter due to […]

Amazon Announces Most Profitable Quarter To Date

Amazon.com Inc. (NASDAQ:AMZN) reported in its third consecutive record profit and its most profitable quarter to date on Thursday. Overall, Amazon posted a profit of 857 million, or $1.78 a share, for the second quarter. This compared with a profit of $92 million, or 19 cents a share, a year earlier. Amazon’s revenue jumped 31 […]

Caterpillar Beats Expectations With Q2 Earnings

Caterpillar Inc. (NYSE:CAT) reported second quarter earnings that were better than expected on Tuesday. Caterpillar reported second-quarter net profit of $550 million, down from a revised $802 million a year earlier. The heavy machinery maker reported $1.09 in earnings per share, excluding restructuring costs. This was higher than analysts’ expectations of 96 cents, but lower […]

Alibaba Moves To Alleviate Investor Concerns

Today marked the first time that Alibaba Group Holding Ltd. (NYSE:BABA) has released an annual revenue forecast. The company projected a 48 percent increase in revenue for the fiscal year ending in March. Excluding recently acquired companies, revenue still is expected to rise 36 percent. The new forecast is considerably higher than the 33 percent […]

Valeant Shares Slide After Company Forecasts Cut

Valeant Pharmaceuticals International Inc. (NYSE:VRX) shares plummeted Tuesday as new Chief Executive Officer Joseph Papa reduced the company’s 2016 earnings and sales forecasts. The earnings forecast for this year has been reduced to $6.60 to $7 a share, excluding some items, from the $8.50 to $9.50 a share anticipated by Valeant back in March. Analysts […]

Michael Kors the Handbag Maker Posts Strong Growth in Sales

Michael Kors Holdings posted revenue for the quarter that increased close to 11%, its strongest growth in revenue in nearly a year, as the demand for the designers’ handbags as well as accessories increased across the Americas while the company said it would by repurchasing as much as $1 billion of its shares. Stock at […]

Profit at Scotiabank Falls by 12%, Energy Loans Hurt

The third biggest bank by assets in Canada, Bank of Nova Scotia, posted a profit for its fiscal second quarter Tuesday that was 12% lower compared to the same period one year ago because of a charge for restructuring and larger reserves for its souring energy loans. Scotiabank, based in Toronto, capped the largely better […]

Colombian Dispute with Novartis Could Cause Problem with U.S.

Officials in Colombia have become concerned that their dispute with Novartis the Swiss drug maker over the price and patent of a groundbreaking new cancer treatment might escalate and could threaten funding from the United States for its pending peace plan that could end over 50 years of war in the country. This information was […]

Confident Sanders Sweeps Three Caucuses to Close the Gap on Hilary Clinton

Sweeping all three Democratic caucuses on Saturday—in Washington State, Alaska, and Hawaii—Bernie Sanders is quickly closing the gap on Hillary Clinton’s marginal lead for the Democratic presidential nomination. These wins are major ones for Sanders who has been trailing the former First-lady for most of the race, despite throngs of fans and supporters, and despite […]