The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27.
The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27. A year earlier the New York company earned $297.4 million, or $1.06 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
Time Warner Cable's fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates.
NEW YORK— Time Warner Cable Inc.' s fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates. The New York company earned $554 million, or $1.95 per share, for the period ended Dec. 31. Time Warner Cable said its quarterly subscriber performance was the best in at least seven years for several...
NEW YORK— American Express Co. says it plans to start doing business in Cuba after the Obama administration lifted a ban on U.S. banks and credit card companies operating on the island. The New York company did not say on Tuesday when people could use American Express cards in Cuba. American Express currently has no terminals set up or merchant relationships...
Add American Airlines to the list of carriers that want to take you to Cuba. Delta Air Lines, United Airlines and JetBlue Airways have expressed interest since President Barack Obama announced last month that the U.S. would establish diplomatic relations and expand trade and tourism with Cuba. Southwest Airlines CEO Gary Kelly said last week that his airline...
SAN FRANCISCO— Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people. The company "flatly denies" the Forbes report, IBM spokesman Ian Colley said in a phone interview. IBM previously has announced layoffs affecting "several thousand people," only "a small fraction" of...
NEW YORK— Viacom CEO Philippe Dauman's pay climbed 19 percent to $44.3 million last year while the TV-and-film company's stock slumped and its earnings remained flat. Those stock incentives ultimately could be worth more or less, depending on how Viacom Inc.' s stock fares in the next few years. Viacom owns MTV, Nickelodean and several other cable-TV channels, in...
Barnes& Noble said it has begun a search to replace Klipper. The New York company hasn't had an overall CEO since William Lynch stepped down in 2013. Since then, Klipper has been reporting directly to Leonard Riggio, the company's chairman and largest shareholder with a nearly 30 percent stake. Barnes& Noble Inc. has been struggling to find its place as more...
Tiffany cut its full-year profit outlook, hurt by a stronger U.S. dollar and some weakness in the Americas and Japan.
*Wet Seal names Edmond Thomas chief executive. Wet Seal said it had replaced CEO John Goodman with former CEO Edmond Thomas. Thomas, 61, was Wet Seal's CEO from 2007 to 2011 and its chief operating officer from 1992 to 2000. He was most recently a partner at private investment firm KarpReilly LLC and is on the board of women's apparel retailer New York& Co Inc..
Thomas, 61, was Wet Seal's CEO from 2007 to 2011 and the company's chief operating officer from 1992 to 2000. He was most recently a partner at private investment firm KarpReilly LLC and is on the board of women's apparel retailer New York& Co Inc.
Take a look at some of Friday's midday movers: Aeropostale, Hewlett-Packard & more.
It's hard to drown out all the negative noise coming from the retail sector this year, but not everyone had a bad holiday.
Check out which companies are making headlines after the bell Thursday:
NEW YORK-- Hess Corp. nearly doubled its third quarter profits as the company resumed operations in Libya and ramped up production in giant Bakken shale play. The New York company breezed past Wall Street expectations and shares rose 4 percent in early trading.
NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.
NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.
NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.
Travelers Cos. said Thursday that its net income jumped to $864 million, or $2.21 per share, for the three months ended Sept. 30. That compares with net income of $333 million, or 79 cents per share, in the same period last year. Investors sent shares in the New York company up $2.45, or 3.4 percent, to $73.83 in afternoon trading.