Breaking News: Earnings
Salesforce bumps up whole-calendar year forecast but studies increased capital charges than anticipated
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Centre in New York on April 26, 2023. Dimitrios Kambouris | Getty Visuals Salesforce claimed an earnings and revenue beat and lifted its total-yr assistance, but the stock dropped in prolonged investing as money expenses had been larger than analysts envisioned. Here’s how […]
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Gap shares jump 14% after retailer reports big improvement in margins
The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California. Mario Tama | Getty Images Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress – and has managed to significantly improve its margins. Here’s how the […]
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Dollar Tree shares plunge after company misses on earnings, slashes full-year profit outlook
Shares of Dollar Tree plunged more than 16% in intraday trading Thursday after the company fell short of Wall Street’s earnings expectations for the most recent quarter and slashed its profit outlook for the full year. The stock closed about 12% lower at $136.66 a share. Here’s how the discounter did in its fiscal first […]
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Best Buy shares rise on earnings beat, even as electronics sales slow
Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. The retailer affirmed the outlook it shared in March. It expects full-year revenue […]
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American Eagle Outfitters shares plunge as retailer lowers forecast
A view of an American Eagle Outfitters store in Arlington, Virginia. Erin Scott | Reuters Shares of American Eagle Outfitters dropped Wednesday in after-hours trading, as the company lowered its full-year outlook. The company cut its forecast, even as it matched Wall Street’s quarterly earnings expectations and beat revenue expectations. The mall retailer said it […]
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Kohl’s shares spike as retailer reports a surprise profit
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround. Shares of the company jumped more than 17% in early trading. related investing news Kohl’s reiterated its […]
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Abercrombie & Fitch surges 18% after reporting surprise profit
Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Shares of Abercrombie & Fitch soared 18% in premarket trading Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit. Here’s how Abercrombie did in its fiscal first […]
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Lowe’s cuts full-year sales forecast, as spending on do-it-yourself projects weakens
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items. It lowered its forecast even as it beat Wall Street’s […]
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Bath and Body Works’ stock surges after it raises guidance, beats on earnings
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Bath and Body Works‘ stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. While sales and net income fell year over year, the retailer is now expecting full year 2023 earnings per […]
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Target tops earnings expectations, even as sales barely budge and consumers watch spending
Target on Wednesday topped Wall Street’s earnings expectations, even as the discounter’s sales barely grew year-over-year and its shoppers bought more necessities. Shares fell in premarket trading, as the retailer’s fiscal second-quarter forecast disappointed. The big-box retailer stuck with its full-year outlook. It expects comparable sales will range from a low single-digit decline to a […]
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