Breaking News: Earnings
Kroger hikes forecast after stronger grocery sales top estimates
The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and other groceries. Shares rose about 3% in premarket trading. related […]
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Best Buy sticks to holiday-quarter outlook as electronics demand holds up
A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented demand for pricey consumer electronics came in better than feared. […]
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Zoom shares fall on mild forecast as organization faces ‘heightened offer scrutiny’
Eric Yuan, CEO, Zoom Movie Communications Source: CNBC Zoom shares slumped much more than 7% in extended investing on Monday following the video-chat business issued weaker-than-anticipated revenue steerage for its full fiscal yr. This is how the enterprise did: Earnings: $1.07 per share, modified, vs. 84 cents for each share as expected by analysts, in […]
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Gap beats on third-quarter revenue, but tempers expectations for holiday season
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake brand, Banana Republic and Athleta — […]
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Macy’s raises earnings forecast, says it has fresh inventory for the holidays
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year after the department store operator said it has fresh merchandise and is ready for the holiday shopping season. The company stood by its revenue guidance as it faces a […]
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Lowe’s reports revenue increase, beating Wall Street’s expectations
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year. The home improvement retailer also updated its guidance, lowering the top end of its […]
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Home Depot posts better-than-expected quarter despite inflation
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reported Tuesday its revenue increased nearly 6% to $38.9 billion, beating analyst expectations, as the retailer continued to beckon customers despite […]
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Walmart will report earnings before the bell — here’s what to expect
Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Tuesday will report its fiscal third-quarter earnings before the bell, as the retail giant caters to inflation-squeezed customers and gears up […]
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Beyond Meat reports wider-than-expected loss, falling revenue
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as demand for its meat substitutes tumbled. CEO Ethan Brown called the results “disappointing” […]
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Disney misses on profit and key revenue segments, but sees strong streaming growth
Bob Chapek, Disney CEO at the Boston College Chief Executives Club, November 15, 2021. Charles Krupa | AP Disney fell short of expectations for profit and key revenue segments during the fiscal fourth quarter, but saw strong streaming growth for its Disney+ platform — a rare bright spot in the report out Tuesday. The company’s […]
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