Betting against the stock market because of a weak outlook for corporate earnings might not be the best strategy.
Feb 19- Medtronic Plc beat analysts' estimates for quarterly profit on Tuesday, boosted by sales of its surgical products, and the largest U.S. standalone medical device maker raised the upper end of its full-year earnings forecast. The minimally invasive therapies business, which makes surgical instruments such as those used to treat hernias and kidney...
Former Walmart U.S. CEO Bill Simon joins CNBC's "Squawk on the Street" to discuss what could be behind the company's strong quarter and growing sales.
Gerald Storch, former Hudson's Bay and Toys-R-Us CEO, and Budd Bugatch, Raymond James managing director and director of furnishings research, join "Squawk on the Street" to give their reactions to Walmart's fourth quarter earning results.
Sucharita Kodali, principal analyst at Forrester Research, and Michael Feroli, chief U.S. economist at J.P. Morgan Chase, join "Squawk Box" to break down Walmart's fourth quarter earnings report and what they are paying attention to going into the first quarter.
Walmart beat the Street's expectation for its fourth quarter on comp sales, revenue and EPS. CNBC's Kate Rogers reports on the details of the company's guidance laid out in the conference call.
Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.
Liz Dunn, founder and CEO of Pro4ma, and Michael Lasser, UBS retail analyst, join "Squawk Box" to give their analysis on Walmart's fourth quarter earnings report.
Feb 19- Medical device maker Medtronic Plc on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group. The company said it expects full-year earnings to be in the range of $5.14 to $5.16 per share, up from the prior forecast of $5.10 to $5.15 per share. Net income attributable to...
*Loss-making Earthbound Farms under scrutiny- CEO. PARIS, Feb 19- Food group Danone struck a confident note on prospects for 2019 after strong fourth-quarter sales, although some disappointment over margins weighed on the company's shares. Danone, which bought U.S. organic food group WhiteWave in 2017, delivered higher 2018 earnings and...
Walmart outpaces analysts' earnings and revenue expectations, as its e-commerce sales surge 43 percent.
Feb 19- Medical device maker Medtronic Plc on Tuesday reported a 2.4 percent rise in third-quarter revenue, driven by higher sales in surgical products unit and restorative therapies group. Net income attributable to Medtronic was $1.27 billion, or 94 cents per share, in the quarter ended Jan. 25, compared with a loss of $1.39 billion, or $1.03 per share, a year...
The Maryland- based company said revenue from the oil and gas proppants business, its biggest, fell about 20 percent to $243.5 million. The miner, which supplies sand to U.S. shale producers for use in fracking, posted a net loss of $256.1 million, or $3.44 per share, in the quarter ended Dec. 31, compared with net income of $72 million, or 88 cents per share, a year earlier.
Feb 19- Frac sand supplier U.S. The miner, which supplies sand to U.S. shale producers for use in fracking, posted a net loss of $256.1 million, or $3.44 per share, in the fourth quarter ended Dec. 31, compared with net income of $72 million, or 88 cents per share, a year earlier. Total sales fell to $357.4 million from $360.6 million.
Ewen Stevenson, group CFO at HSBC Holdings discusses the annual profits.
Richard Henfrey of Blackmores discusses the company's strategy for building up its business in China.
HSBC's Ewen Stevenson discusses the bank's 2018 earnings report.
The world's biggest miner BHP Group said on Tuesday its first-half profit fell 8 percent as copper earnings slumped because of declining ore quality at its Escondida mine and a number of production outages globally.
*2018 profit before tax at $19.9 bln versus $22 bln estimate. HONG KONG/ LONDON, Feb 19- HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year. In June, Flint had said HSBC would invest $15- $17...
*Activia sales flat in Europe in Q4. Danone, which bought U.S. organic food group WhiteWave in 2017, made the forecasts after delivering higher 2018 earnings and stronger-than-expected fourth quarter sales despite a consumer boycott in Morocco and weaker demand for infant formula products in China. Danone, which is the world's largest yoghurt maker and which...