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CNBC Utilities Page Companies

  • Aug 10- Shares of department store chains Macy's Inc and Kohl's Corp tumbled on Thursday as the companies reported a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off. While the declines in same-store sales were not as bad as feared, gross margins at both the companies slipped as they continued to rely on...

  • *To open stores in Boston, Calgary, Tokyo. Aug 10- Canada Goose Holdings Inc, reported a smaller-than-expected quarterly loss as the luxury apparel retailer sold more products across its sales platforms, sending its shares up 5.3 percent on the Toronto Stock Exchange. Separately, Canada Goose said it would open flagship stores in Boston, Calgary and Tokyo, and is on...

  • *2nd- qtr loss of 47 cents/ shr vs est 30 cents. *Rev $238.1 mln vs est $235.8 mln. Shares, which were priced at $10 in the company's initial public offering, have of late slipped below $6.

  • Aug 10- Department store chain Macy's Inc reported a higher-than-expected rise in quarterly profit, as it continued to close stores and keep a tight leash on inventory in a gloomy U.S. retail industry. Shares of Macy's were up 1 percent in premarket trading on Thursday. Rival Kohl's Corp, which also reported a better-than-expected rise in profit, was down 2...

  • New York- based Blue Apron, which operates a subscription model, has spent millions of dollars on marketing to sign up new subscribers, but has struggled to significantly squeeze more revenue from each customer amid stiff competition. Shares, which were priced at $10 in the company's initial public offering, have of late slipped below $6. Operating expenses...

  • SHANGHAI, Aug 10- China stocks ended lower as investors took a cue from weak regional and global markets, selling off shares in materials firms that had benefited from a recent rally. China CSI300 stock index futures for August fell 0.5 percent, to 3,701, 14.95 points below the current value of the underlying index. Analysts in China, unlike elsewhere, did not see...

  • SAN FRANCISCO/ NEW YORK, Aug 9- Shares of Snap Inc rallied on Wednesday as options traders buckled in for the social media company's quarterly results and after an analyst said the beaten-down stock was "getting interesting." Shares of Snap closed up 4.15 percent at $13.56 on Wednesday, still well below the $17 price in the initial public offering, the...

  • The company lowered its forecast for 2017 adjusted earnings to $4.30 to $4.70 per share from $5.15 to $5.55 per share. Mylan also cut its 2018 earnings per share target from $6.00 to at least $5.40. Rival generic drugmakers such as Teva and Endo International Plc have also lowered their 2017 forecasts, hurt by continued generic drug price erosion.

  • *Pyongyang says it is considering missile strike on Guam. TOKYO, Aug 9- Asian shares and U.S. stock futures slipped on Wednesday and investors sought havens such as U.S. Treasuries, gold and the yen as tensions on the Korean peninsula escalated, with Pyongyang saying it is considering plans to attack Guam.

  • SHANGHAI, Aug 9- Red-hot shares of Chinese building materials companies dipped on Wednesday as investors took profits on a months-long rally, weighing on broader benchmark indexes. Hesteel Co Ltd fell 2.3 percent. Joe Qiao, an analyst at Xiangcai Securities in Shanghai, noted that the producer price inflation reading of 5.5 percent had been widely expected.

  • Aug 8- SeaWorld Entertainment Inc reported a quarterly net loss on Tuesday as declining attendance at its Orlando and San Diego parks squeezed revenue, and the company said it was boosting promotional spending to tackle "perception" issues. Its shares fell as much as 8.2 percent to $12.50 on the New York Stock Exchange in midday trading before recovering...

  • SAO PAULO, Aug 8- Brazilian stocks on Tuesday rose to a new three-month high, helped by shares of JBS SA after the head of development bank BNDES hinted that he would support a change in management of the world's largest meatpacker. In an event in São Paulo, BNDES head Paulo Rabello de Castro called JBS Chief Executive Officer Wesley Batista was a "player who scored...

  • Aug 8- Canada's Valeant Pharmaceuticals International Inc said on Tuesday it expects to repay more than $5 billion in debt earlier than it had targeted, news that pushed its shares up 9 percent. One of Papa's biggest challenges has been to cut the company's towering debt, which ballooned to nearly $30 billion following a spate of deal-making under former CEO...

  • Aug 8- Ralph Lauren Corp reported better-than-expected quarterly results and said it would pull back more inventory from department stores as it tries to keep a tight leash on discounting under its new Chief Executive Patrice Louvet. Shares of the company soared as much as 11 percent to $87 in morning trading, clawing back most of their losses for the year.

  • TORONTO, Aug 8- Canada's main stock index was modestly higher on Tuesday as positive earnings results and a deal in the gaming sector helped offset declines in BlackBerry Ltd and other tech shares. Great Canadian Gaming surged 14.9 percent to C $29.22 after it was announced that the casino operator and Brookfield Business Partners would acquire key Toronto...

  • Shares of New-York- based Kors were up 12.4 percent at $41.85 in premarket trade after the company also reported a smaller-than-expected drop in quarterly sales at established stores. Kors said it now expects fiscal 2018 revenue of about $4.28 billion, slightly higher than the $4.25 billion it had previously expected. Same-store sales were driven by...

  • LONDON, Aug 8- European equities edged lower on Tuesday following a subdued start to the week due to falls among miners and travel, while results spurred some large moves in Nokian and Pandora in otherwise thin summer trading. Britain's FTSE 100 was also down 0.1 percent, and Germany's DAX traded flat. Falls in consumer stocks weighed, as did the basic resources...

  • Indian movie production house Eros is in early talks with Apple, Amazon and Netflix to sell its film and music library, a source said.

  • LONDON, Aug 8- European equities slipped early on Tuesday, extending losses from a subdued start to the week as miners came under pressure while results weighed on Pandora, IHG and Standard Life in otherwise thin summer trading. Britain's FTSE 100 was also down 0.2 percent, as was Germany's DAX. So far around 70 percent of MSCI Europe companies have reported second...

  • *GS Yuasa soars on report on future electric-car battery. TOKYO, Aug 8- Japan's Nikkei share average slid on Tuesday, as a stronger yen hurt exporters, offsetting gains in the steel sector based on a solid earnings outlook. Japan Steel Works jumped 20 percent after the company raised its operating profit outlook to 14 billion yen from 12.5 billion yen for the year...