Sept 22- Auto parts retailer AutoZone Inc's quarterly revenue increased 4.5 percent, narrowly missing analysts' average estimate. AutoZone's same-store sales, or sales at stores open at least for a year, rose 2.1 percent in the fourth quarter ended Aug. 30.
LONDON— Tesco, Britain's largest retailer by revenue, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds. The investigation, prompted by information from a whistleblower, comes less than a month after the new chief executive, Dave Lewis, took charge.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories, including Alibaba's first full week of trading on the NYSE.
Sept 19- Oracle Corp's shares fell as much as 5.5 percent after the database software maker reported disappointing quarterly earnings late Thursday and said Larry Ellison was stepping aside as chief executive.
HONG KONG/ MILAN, Sept 19- Prada SpA will open fewer stores than previously planned this year, the Italian luxury goods group said on Friday, after reporting a 21 percent fall in its first-half net profit. In April Prada said it expected to see growth in sales this year in the "high-single" digits.
Sept 19- Shares of database software maker Oracle Corp. fell 2 percent in premarket trading on Friday after the company posted disappointing quarterly earnings late Thursday and at the same time said Larry Ellison was stepping aside as chief executive.
NEW YORK— Rockwell Collins Inc. said Friday that its board approved spending another $500 million to buy back the company's stock. The military contractor and jet equipment supplier said it expects earnings between $4.90 per share and $5.10 per share during fiscal year 2015. It expects revenue between $5.2 billion and $5.3 billion.
Some of the names on the move ahead of the open.
HONG KONG, Sept 19- Italian luxury goods group Prada SpA posted a 20.6 percent drop in first-half net profit, weighed by sluggish consumer demand amid an uncertain economic outlook and unfavourable exchange rates. Prada's shares fell 1.3 percent in Hong Kong to their lowest in more than two years prior to the results.
Oracle's co-founder Larry Ellison is stepping down as the firm's CEO. Derrick Wood, Senior Analyst at Susquehanna Financial Group, discusses what that means for the firm's management structure and earnings.
Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast quarterly revenue below analysts' estimates. Red Hat's billings growth of 17 percent for the second quarter ended Aug. 31 also disappointed investors, said Derrick Wood, an analyst with Susquehanna Financial Group LLLP.
Sept 19- Following is a table highlighting this financial year's assumed currency rates for some major Japanese firms and the impact on annual operating profit of a 1 yen move lower against both the dollar and the euro. Company Assumed Impact of 1 yen Assumed Impact of 1 yen rate move on operating rate vs yen move on vs dlr profit euro operating.
REDWOOD CITY, Calif.— Oracle Corp. on Thursday reported profit of $2.18 billion in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Analysts expected $8.78 billion, according to Zacks.
Sept 18- Oracle Corp reported quarterly revenue below analysts' estimates, hurt by a 7.6 percent fall in hardware systems revenue. Net income was $2.18 billion, or 48 cents per share, down from $2.19 billion, or 47 cents per share, a year earlier. On an adjusted basis, Oracle earned 62 cents per share, less than the 64 cents expected on average by analysts.
David Garrity, GVA Research; CNBC contributor Jeff Sonnenfeld, and CNBC's Jon Fortt provides instant analysis to Larry Ellison's decision to step down as Oracle CEO.
Oracle is reporting Q1 EPS of $0.62 ex-items on revenue of $8.60 billion, with CNBC's Dominic Chu.
CNBC's Jim Cramer reacts to Larry Ellison's decision to step down as CEO. The "Closing Bell" panel provides perspective.
Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a 19 percent increase in quarterly revenue, helped by strong subscription growth. Net income rose to $46.8 million, or 25 cents per share, in the second quarter ended Aug. 31, from $40.8 million, or 21 cents per share, a year earlier.
Oracle reported quarterly earnings that trailed Wall Street expectations on Thursday and announced a $13 billion stock buyback.
WASHINGTON— The number of jobs at U.S. airlines keeps growing— although slowly— as some of them post record profits. The U.S. Department of Transportation said Thursday that the nation's passenger airlines employed the equivalent of 386,243 full-time workers in July, up 1.3 percent from the same month last year.