Business Earnings
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Wal-Mart's U.S. comparable sales came in just shy of what analysts were expecting, at 1.2 percent growth. » Read More
Best Buy reported better-than-expected comparable-store sales, helped by higher demand for consumer electronics and mobile phones. » Read More |
First Solar forecast sales well below estimates, and said it would slash about 1,600 jobs as it transitions to a new product ahead of schedule. » Read More |
By: Elizabeth Gurdus
Cisco's earnings challenges will subside as new growth opportunities emerge in the U.S. and worldwide tensions ease, CEO Chuck Robbins says. » Read More |
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Target saw a boost in traffic and sales trends during the fiscal third quarter.
Lowe's CEO Robert Niblock says store traffic slowed more than anticipated in August and September.
Tencent posted a lower-than-expected rise in profit as expenses for media and advertising took a bite out of its strong revenue growth.
Shares of Dick's Sporting Goods fell nearly 8 percent on Tuesday after the company released its third quarter earnings report.
TJX, operator of off-price retailers T.J. Maxx and HomeGoods, reported better-than-expected quarterly comparable store sales as its discounted offerings continue to attract shoppers.
The home improvement retailer's same-store sales also topped expectations.
Israel-based Teva said it earned $1.31 per share excluding one-time items.
JD.com, China's second-largest e-commerce firm, said on Tuesday its third-quarter revenue grew 38 percent from a year ago.
JC Penney reported a drop in same=store sales, reflecting weak store traffic, increased competition and a general shift away from apparel spending.
Macy's reaffirmed its previous earnings-per-share guidance, and raised its sales outlook for the full year.
Shares of Ralph Lauren traded more than 3 percent higher early Thursday following the report.
Kohl's also reaffirmed its full-year earnings-per-share guidance of $3.80 to $4, excluding items such as store closings.
Valeant Pharmaceuticals reported an 11 percent fall in quarterly revenue due to faltering sales, and cut its full-year profit and revenue forecasts.
Shares of Hertz plummeted Tuesday after the car rental company posted weak quarterly earnings and cut its outlook for the year.
Shares of the No. 2 U.S. drugstore chain by store count were down about 16 percent at $69.22 in premarket trading.
Chief Executive Robert Thomson said the company has made "real progress" on its digital revenue streams.
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