Earnings

Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading. The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit
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Medtronic’s fourth-quarter profit topped analysts’ estimates on Thursday on higher demand for heart valves and diabetes devices such as insulin pumps. Medtronic, the world’s largest standalone medical device maker, sells everything from minimally invasive therapies to spinal and heart devices, and it has been launching new products to combat increasingly fierce competition. The company on
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Christopher Dilts | Bloomberg | Getty Images Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Ralph Lauren on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker’s move to pull products off department store shelves and sell more products at full-price boosted margins. The company’s shares rose 3 percent in
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Tiffany’s first-quarter results beat analysts’ estimates on Wednesday, with strong sales of its high-end jewelry in the Americas and Asia-Pacific regions helping the company raise its annual sales and profit forecasts. Shares spiked more than 17 in early trading Wednesday, pushing the stock to its best level since 2001. The stock has gained 6.3 percent
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Mark Ralston | AFP | Getty Images A Target store in Culver City, California. Target is expected to report first-quarter earnings before the bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.39 per share, according to Thomson Reuters Revenue: $16.58 billion, according to Thomson Reuters The Minneapolis-based retailer has been forging ahead with a
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Lowe’s missed Wall Street forecasts for quarterly sales on Wednesday as a long winter hit demand for outdoor products, but the home improvement retailer maintained its annual financial targets on expectations that demand will recover. Many U.S. retailers have said that a late start to the spring selling season has weighed on sales of lawn-mowers,
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Source: Hewlett Packard Enterprise New server racks in the Hewlett Packard Enterprise Executive Briefing Center feature the new branding. Hewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by higher demand for its servers, storage and networking equipment. The company, created in 2015 from the breakup of
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Andrew Harrer | Bloomberg | Getty Images William Rhodes III, chief executive officer of AutoZone Inc., waits to begin a listening session with U.S. President Donald Trump, not pictured, Retail Industry Leaders Association, and member company chief executive officers in the Roosevelt Room of the White House in Washington, D.C. AutoZone’s Rhodes noted the changes
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TJX reported better-than-expected quarterly same-store sales on Tuesday, as deep discounts brought more bargain hunters into its T.J. Maxx and Marshalls apparel stores. Online shopping has taken a toll on traditional brick-and-mortar stores but TJX, unlike other retailers, has not seen huge cuts in inventory and store closures. TJX does not advertise brands. It instead
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Three of Cisco’s four product categories surpassed estimates, though. The most important, the Infrastructure Platforms segment, which includes data-center networking switches, had $7.16 billion in revenue, above the FactSet consensus estimate of $7.14 billion, StreetAccount said. Cisco “continues to achieve success” in selling its Catalyst 9000 switches, and the fact that they require customers to
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The world’s largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects but repeated that it saw 2018 global apparent steel consumption, which
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Thomson Reuters on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low-single-digit growth in 2018 revenue in its remaining business. The news and information company announced earlier this year that it is selling a majority stake of its financial & risk unit to private-equity firm Blackstone. Thomson Reuters reported quarterly revenue of $1.38
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Dropbox stock fluctuated and then gradually fell after it reported better-than-expected first quarter results in its first earnings report as a public company on Thursday. Earnings: Excluding certain items, 8 cents per share vs. 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $316.3 million vs. $309.2 million as expected by
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His sentiments echoed those of Match CEO Mandy Ginsberg who told investors on a Wednesday morning conference call Match isn’t worried about Facebook encroaching on the business. According to Ginsberg, people don’t want to mix their online dating life with the friends-and-family-first Facebook. In his note to investors, Levin came across as cautious, but resolved
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