*Q3 adjusted profit $0.62/ share vs estimate of $0.52. May 22- Packaged foods maker Campbell Soup Co on Friday reported an unexpectedly better quarterly profit, helped by lower spending on promotions, higher prices for its products and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose about 1.5 percent.
CHICAGO, May 22- Deere& Co on Friday reported a higher-than-expected quarterly profit and raised its full-year outlook after cost cuts helped compensate for weakening demand for its farm equipment. "We are pleased to see Deere management proactively attacking costs... amid the agriculture downturn," Edward Jones equity analyst Matt Arnold wrote in a note for...
CNBC's Jim Cramer discusses Gap's most recent earnings report and why he is demoralized by the company's weak guidance.
Meg Whitman, Hewlett-Packard CEO, explains why she is convinced, now more than ever, separating HP is great for consumers, employees and shareholders.
Meg Whitman, Hewlett-Packard CEO, discusses the benefits of splitting HP, the companies' growth potential, currency headwinds, softness in the HP market, the outlook on 3-D printing, doing business in China, dealing with security issues, and recent top-tier personnel changes.
May 22- Packaged foods maker Campbell Soup Co reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday. The company said margins grew in its global baking and...
ATHENS, Greece _ Tsakos Energy Navigation Ltd. on Friday reported first-quarter profit of $37.3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Seven analysts surveyed by Zacks expected $111.6 million.
May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher...
WILSONVILLE, Ore. _ Mentor Graphics Corp. on Friday reported a loss of $9.9 million in its fiscal first quarter. Three analysts surveyed by Zacks expected $261.7 million. For the current quarter ending in July, Mentor Graphics expects its per-share earnings to be 14 cents.
NEW YORK _ Ann Inc. on Friday reported fiscal first-quarter profit of $13.6 million. For the current quarter ending in July, Ann Inc. said it expects revenue in the range of $660 million. Ann Inc. shares have increased 29 percent since the beginning of the year.
Some of the names on the move ahead of the open.
CHICAGO, May 22- A weak global agriculture sector weighed heavily on quarterly results posted by Deere& Co on Friday, but earnings still topped expectations, and the farm equipment maker raised its full-year profit forecast despite a worsening sales outlook. Sales for agricultural equipment in the United States and Canada should fall about 25 percent this...
CAMDEN, N.J.— Campbell Soup Co. on Friday reported fiscal third-quarter net income of $182 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Five analysts surveyed by Zacks expected $1.94 billion.
May 22- Campbell Soup Co, the maker of Pepperidge Farm cookies and Goldfish crackers, reported a 3.6 percent fall in quarterly sales, hurt by a strong dollar and "retailer inventory movements" in its U.S. soup business. The net income attributable to the company fell slightly to $182 million in the third quarter ended May 3 from $184 million, a year earlier.
MOLINE, Ill.— Solid sales in its construction equipment offset a global agricultural slowdown for Deere, and the company raised its outlook for the year. In April, builders broke ground on homes at the fastest pace in more than seven years, according to the Commerce Department. Deere said sales of farming equipment fell 25 percent from a year ago to $5.77 billion in...
CHICAGO, May 22- Farm equipment maker Deere& Co posted a sharply lower quarterly net profit on Friday as a weak global agriculture sector hurt sales, but still came in handily above market expectations. The Moline, Illinois- based company reported a profit of $690.5 million, or $2.03 per share, for its second quarter ended April 30, down nearly 30 percent from $980.7...
NEW YORK _ Foot Locker Inc. on Friday reported fiscal first-quarter earnings of $184 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Foot Locker shares have risen 14 percent since the beginning of the year.
BIRMINGHAM, Ala. _ Hibbett Sports Inc. on Friday reported fiscal first-quarter earnings of $27.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Eight analysts surveyed by Zacks expected $274.1 million.
Dorothy Lakner, Topeka Capital Markets, provides perspective on what's hurting the apparel retailer and why things are working at Old Navy.
Brian White, Cantor Fitzgerald, takes a look inside the tech giant's quarterly results and weighs in on HP selling its majority stake in the Chinese storage and server unit.