CNBC's Dominic Chu takes a look at the winners and losers this earnings season.
NEW YORK— Ann Inc. on Friday reported earnings of $32.7 million in its fiscal second quarter. On a per-share basis, the New York- based company said it had profit of 70 cents. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 70 cents per share.
NEW YORK— Foot Locker Inc. on Friday reported profit of $92 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Foot Locker shares have risen 27 percent since the beginning of the year.
Some of the names on the move ahead of the open.
Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.
TORONTO, Aug 22- Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions. Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.
While the venture with Tesco will weigh on its profits in the near term, China Resources Enterprise will gain expertise from the partnership, says Charles Yan, Head of Greater China Consumer Research at Standard Chartered Bank.
Zhuang Chenchao, CEO & Co-Founder of Qunar, expects the Chinese travel website to transition into a mobile company within a year, driven by rapid growth in its mobile revenue.
NEW YORK— Aeropostale Inc. on Thursday reported a fiscal second-quarter loss of $63.8 million, and its shares fell in extended trading after the company forecast a bigger-than-expected loss for the current quarter.
Aug 21- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets. Gap said it is partnering with Arvind Lifestyle Brand Ltd, a unit of textile manufacturer Arvind Ltd, for opening the stores in India.
SAN FRANCISCO— Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco- based company also said it plans to open Gap stores in India next year. The performance reflected a 5 percent decline at Gap, flat sales at Banana Republic, and growth of 4 percent at Old Navy.
Aug 21- Teen apparel retailer Gap Inc reported a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales of its low-priced Old Navy clothes. Comparable sales at Old Navy stores, which cater to a slightly older customer base, rose 4 percent in the second quarter ended Aug 2.
Salesforce.com is reporting EPS of $0.13 ex-items on revenue of $1.3 billion, with CNBC's Jon Fortt.
Mark Hake, president of Hake Capital Management; "Fast Money" trader Tim Seymour; and CNBC's Kate Kelly provide instant analysis to Gap's quarterly numbers.
Gap is reporting EPS of $0.70 ex-items on revenue of $3.98 billion, with CNBC's Courtney Reagan.
CNBC's Bertha Coombs looks at today's big market movers and previews earnings due out after the closing bell.
SEATTLE, Aug 21- U.S. airlines more than doubled their net profit margin in the first half of the year as revenue rose nearly three times faster than costs, trade group Airlines for America said on Thursday. Net profit at the airlines rose to $3.8 billion, up from $1.6 billion in the prior-year period.
CHARLOTTE, N.C.— Cato Corp. on Thursday reported fiscal second-quarter profit of $15.7 million, or 56 cents per share. The company, based in Charlotte, North Carolina, posted revenue of $246.5 million in the period. This story was generated automatically by Automated Insights using data from Zacks Investment Research.
MIAMI— Perry Ellis International Inc. on Thursday reported a loss of $1.6 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Perry Ellis released its full-year outlook.
CNBC's Jon Fortt and Dennis Berman of The Wall Street Journal, discuss Hewlett-Packard's turnaround and if they could be jumping in the M&A marketplace.