Earnings

Family Dollar, the unit Dollar Tree bought in 2015, reported underwhelming holiday-quarter same-store sales growth despite Dollar Tree making several plans to attract customers. For the full year, Dollar Tree said it estimates net sales to range between $22.70 billion and $23.12 billion, based on a low single-digit increase in same-store sales. It expects profit
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Best Buy on Thursday reported better-than-expected same-store sales for the fourth quarter of fiscal 2018, saying it saw stronger sales in gaming and a more “favorable competitive environment” through the holidays. The electronics retailer has been investing in customer service, lowering prices and getting to a leaner real estate portfolio. Meanwhile, some of its less-successful
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Kohl’s on Thursday reported fourth-quarter earnings and revenue that beat analysts’ expectations, fueled by strong sales growth and tighter controls over inventory. The company said it trimmed excess inventory by 7 percent in 2017, which boosted profit margins and created an overall cleaner shopping experience in stores. It also revealed it would tap Aldi as
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One market watcher is making the bull case for Nordstrom ahead of its quarterly earnings report coming Thursday afternoon. Mark Tepper, president and CEO of Strategic Wealth Partners, would recommend buying shares of the company into earnings. Here are his reasons. • Nordstrom, widely reported to be working toward going private, looks like a buy
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Salesforce stock rose 2 percent shortly after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. Here’s how the company did: Earnings: Excluding certain items, 35 cents in earnings per share vs. 33 cents as expected by analysts, according to
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Valeant Pharmaceuticals on Wednesday gave a weaker-than-expected revenue forecast for 2018, as several of its major drugs face more competition from generics. The Canada-based drugmaker’s revenue will also be pressured as the company continues selling off businesses to free up cash and reduce its debt burden of some $25 billion. Valeant has already divested its
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Sherwin-Williams is deepening a decades-old relationship with Lowe’s, making it the only nationwide home center to offer Sherwin’s popular brands including Minwax, Cabot and Thompson’s Water Seal. Sherwin-Williams will continue to operate its own stores. On the day the deal was announced, Lowe’s also reported quarterly earnings that fell short as profit margins were squeezed.
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U.S. luxury homebuilder Toll Brothers reported a first-quarter profit on Tuesday that beat analysts’ estimates as it sold more homes at higher prices, sending its shares up 2 percent in premarket trading. Toll’s results underscore strong demand in the housing market despite climbing interest rates and supply constraints including higher labor and raw material costs.
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Cybersecurity company Palo Alto Networks’ quarterly revenue and profit topped Wall Street estimates and the company gave an upbeat third-quarter forecast, helped by better-than-expected growth in its product business. The company’s shares rose 5.1 percent to $178 after the bell on Monday. Revenue in the company’s product business, which includes firewall protection software Panorama, rose
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Shares of Fitbit plunged as much as 12 percent in pre-market trading Tuesday — a day after a disappointing quarterly report. Shares shed as much as 15 percent in extended trading Monday. The wearable technology company lost 2 cents per share on revenue of $571 million in the fourth quarter. Analysts polled by Thomson Reuters
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Warren Buffett’s Berkshire Hathaway on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate. Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a year earlier. Quarterly operating profit for the Omaha, Nebraska-based conglomerate
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Hewlett Packard Enterprise shares skyrocketed as much as 19 percent on Thursday after the company reported first quarter financial results that blasted past analysts’ expectations on top and bottom lines. Here’s how the company did compared with what Wall Street expected: EPS: 34 cents vs. 22 cents expected according to Thomson Reuters Revenue: $7.67 billion
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Roku shares plunged 18 percent Thursday, a day after the maker of digital streaming devices provided a revenue estimate that trailed analysts’ estimates. Roku said sales in the first quarter will be $120 million to $130 million, falling short of the $131.7 million average estimate of analysts surveyed by Thomson Reuters. Here’s what Roku reported
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Domino’s Pizza on Tuesday reported fourth-quarter same-store sales that missed estimates,fueling worries that the delivery chain’s sales could be weakening and sending shares lower in morning trading. Investors also assessed a report by Brazil Journal, citing people with knowledge of the matter, that said Restaurant Brands International is putting together a bid to buy Domino’s.
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Largest U.S. standalone medical device maker Medtronic reported a third-quarter profit in-line with analysts’ estimates, as sales across all its units, except the minimally invasive therapies business, grew. Sales in its cardiac and vascular unit which sells defibrillators, pace-makers, heart valves and stents jumped 10 percent to $2.8 billion, accounting for nearly 40 percent of
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Home Depot on Tuesday reported fourth-quarter earnings and sales that topped Wall Street’s expectations, as more shoppers flocked to its stores and spent more per trip. The home improvement retailer’s stock was climbing around 1 percent Tuesday morning on the news. Here’s what Home Depot reported compared with what analysts were expecting, based on a
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