Earnings

Wal-Mart on Thursday reported second-quarter earnings and sales that topped Street expectations, as the big-box retailer made further gains in its online business. Fresh digital initiatives and a growing assortment of products on Walmart.com aided the retailer in boosting online transactions by 60 percent, the company said. Last quarter, e-commerce sales climbed 63 percent, compared
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Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion of everything from food
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Shares of L Brands fell nearly 7 percent after the company lowered its guidance for the year. The retailer, which owns stores such as Victoria’s Secret and Bath & Body Works, beat Wall Street’s expectations. It reported second quarter earnings of 48 cents per share and revenue of $2.76 billion, compared with Thomson Reuters expectations
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As for guidance, Cisco said for the first quarter of the 2018 fiscal year, it expects 59-61 cents in earnings per share on 1 to 3 percent less revenue than it received for the year-ago quarter. Analysts were expecting 60 cents in earnings per share and $12.05 billion in revenue for guidance for the current
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Target reported earnings, revenue and same-stores sales on Wednesday that topped analysts’ expectations for the second quarter, fueled by a jump in online transactions. With more shoppers returning to its brick-and-mortar stores and ringing up purchases on Target.com, the discount retailer raised its outlook for 2017, as signs appeared that its turnaround efforts are making
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Shares of Urban Outfitters soared Wednesday after the retailer reported earnings and revenue that topped expectations. In premarket trading, the retailer’s shares surged more than 20 percent. Here’s what Wall Street was expecting: Earnings per share: 44 cents per share, vs. 37 cents expected, according to a survey of analysts by Thomson Reuters. Revenue: $873
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GE’s closely watched cash flow from operations fell 67 percent to $3.6 billion from a year earlier, reflecting the loss of the appliances division, which the company has sold. Net profit slumped 58 percent to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a
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Wells Fargo, the third-largest U.S. bank by assets, easily beat Wall Street expectations with second-quarter earnings of $1.07 per share but revenue was light and shares fell. The decline in the stock price wiped out Wells’ gains for the year. The bank had been expected to show profit of $1.01 per share on revenue of
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Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours
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Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories. Navistar’s shares were down about 9.5 percent in premarket trading on Tuesday. Revenue in the company’s truck business,
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Qilai Shen | Bloomberg | Getty Images Travis Kalanick, chief executive officer of Uber Technologies Inc. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” Uber said in a statement to CNBC. But Gautam Gupta, the start-up’s head of finance, is leaving to join another San Francisco-based
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Nutanix shares jumped 12 percent in extended trading on Thursday after the developer of cloud storage and networking software reported third-quarter revenue that topped analysts’ estimates. Nutanix, which went public last year, generated sales growth of 67 percent, with new business coming from companies including Caterpillar, Volkswagen and Sprint. Corporations are flocking to Nutanix’s hybrid
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Lowe’s first-quarter earnings and sales fell short of Wall Street estimates, sending shares of the home improvement retailer tumbling in premarket trade. In the wake of a strong first quarter for rival Home Depot, which recently reported better-than-expected same-store sales fueled by strong sales of big-ticket items, expectations for Lowe’s were high. But the results
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Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what the company reported vs. what
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