Michael Kors rebounds as fiscal 1Q results top estimates
Jefferies & Co. analyst Randal Konik said discounts weren't as big an obstacle for Kors as Wall Street had expected, as markdowns in North America were offset by...
View ArticleCoach tops 2Q profit forecasts as sales rise
NEW YORK (AP) — Coach Inc. on Tuesday reported a drop in fiscal second-quarter profit as higher costs cut into an uptick in sales. But, the earnings results still topped Wall Street expectations,...
View ArticleUS strength helps Goodyear top expectations
The Goodyear Tire & Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations. The tire...
View ArticleHilton 1Q profit more than doubles, results top Street
MCLEAN, Va. (AP) — Hilton's first-quarter profit more than doubled, bolstered by tax benefits. Its performance beat analysts' estimates. The lodging company earned $309 million, or 31 cents per share,...
View ArticleTime Warner 3Q results top Street; raises outlook
Analysts surveyed by Zacks Investment Research were looking for earnings of $1.36 per share. Revenue increased to $7.17 billion from $6.56 billion. That beat the $7 billion that analysts predicted,...
View ArticlePepsiCo 2Q results top Street, lifts profit outlook
PepsiCo put up strong second-quarter numbers that topped most expectations despite economic strife that has driven the value of currencies in Latin America and Europe lower. The drink and snack company...
View ArticleFifth Third Bancorp's 3Q performance tops Street's view
Fifth Third Bancorp's third-quarter profit handily topped Wall Street's view, bolstered by a large one-time gain. The regional bank's net income...
View ArticlePhilip Morris 3Q results top Street as prices climb
Philip Morris' third-quarter adjusted profit and revenue topped analysts' estimates, bolstered in part by increased cigarette prices. The seller of Marlboro and other cigarette brands outside the...
View ArticleOracle skids as 4Q results fall short of analyst estimates
REDWOOD CITY, Calif. (AP) — Shares of Oracle are slumping aftermarket trading after the software maker's fourth-quarter results fell short of Wall Street estimates. Oracle said the stronger U.S. dollar...
View ArticleCorning tops Street 4Q forecasts for profit and revenue
CORNING, N.Y. (AP) — Shares of Corning Inc. rallied Tuesday after the company posted better-than-expected quarterly results. The Corning, New York-based company said it earned net income of $224...
View ArticleCoach 2Q adjusted profit beats analysts' estimates
NEW YORK (AP) — Coach's fiscal second-quarter profit fell as it incurred costs related to its transformation plan. Still, its adjusted profit topped Wall Street's view. Its stock rose in Thursday...
View ArticleFedEx 1st-quarter results mixed, lowers fiscal 2016 outlook
FedEx's first-quarter profit missed analysts' estimates, and the package-delivery company lowered its fiscal 2016 adjusted earnings forecast. Shares fell almost 3 percent in Wednesday premarket...
View ArticleBest Buy 2Q performance beats analysts' expectations
Best Buy's fiscal second-quarter results handily beat analysts' estimates as shoppers picked up major appliances, large screen televisions and mobile phones. The stock surged more than 11 percent in...
View ArticleGoodyear tops 3Q profit forecasts on lower costs
The Goodyear Tire & Rubber Co. on Thursday reported a boost in third-quarter profit on lower costs, but revenue slumped on lower sales of tires and a stronger U.S. dollar. The tire maker reported a...
View ArticleKroger's 4th-quarter performance tops analysts' estimates
Kroger's fiscal fourth-quarter profit rose thanks in part to better fuel margins and a lower-than-expected inventory charge. Its 2015 profit guidance beat Wall Street's view. The supermarket chain's...
View ArticleDeere's 1Q results top Street, but cuts full-year outlook
Deere's fiscal first-quarter performance beat Wall Street's expectations, even as the company continues to deal with weak sales of farm and construction equipment. The agricultural equipment maker...
View ArticleADP's fiscal 3Q performance misses analysts' estimates
ROSELAND, N.J. (AP) — Automatic Data Processing Inc.'s fiscal third-quarter profit rose nearly 9 percent but results missed Wall Street's view. The payroll and human resources company earned...
View ArticleMichael Kors shares take dive on sales weakness, outlook
The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Revenue increased to $1.04 billion from...
View ArticleNordstrom rises as 2Q results top estimates
SEATTLE (AP) — Shares of Nordstrom gained ground in aftermarket trading Thursday after the department store chain's second-quarter results were stronger than Wall Street expected. The company said...
View ArticleMichael Kors has strong holiday season; outlook disappoints
LONDON (AP) — Michael Kors Holdings Ltd. (KORS) had a sparkling holiday season, but the luxury retailer posted an earnings and revenue outlook for the current quarter that missed Wall Street's...
View ArticleLuxury sector pain spreads, Michael Kors sees weakness ahead
LONDON Michael Kors took a revenue hit in the third quarter with business in Europe and the Americans weakening. Comparable store sales fell and the luxury retailer lowered its outlook for all of 2017....
View ArticleUnion Pacific cost cuts offset declining shipments in 4Q
OMAHA, Neb. Union Pacific's fourth-quarter profit grew 2 percent as cut costs offset a 3 percent decline in shipments. Net income reached $1.14 billion, or $1.39 per share, well above the per-share...
View ArticleMichael Kors 3Q revenue declines; cuts fiscal 2017 outlook
LONDON Michael Kors' third-quarter revenue was driven lower by weak sales in Europe and the Americas, comparable store sales fell and the luxury retailer lowered its outlook for all of 2017. The...
View ArticleDeere's 1Q results top estimates, but cuts full-year outlook
Deere cut its full-year earnings forecast Friday even as the agricultural equipment maker beat Wall Street's expectations for the first quarter. It has been dealing with weak sales of farm and...
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