Earnings

Canadian yoga and leisure apparel maker Lululemon Athletica reported quarterly profit and sales on Thursday that topped expectations as online sales surged 30 percent thanks to an effort to beef up its e-commerce strategy, and the company raised its outlook. The results helped ease concerns the “athleisure” trend popularized by Lululemon may be cooling. Shares,
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Best Buy reported second-quarter earnings and sales on Tuesday that topped analysts’ expectations. Looking ahead, the company has also raised its revenue outlook for the full year, calling for continued consumer “momentum.” The Minnesota-based electronics retailer said stronger shopper demand for its technology products, such as smartphones and wearable devices, boosted its sales at established
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Sears shares moved sharply higher Thursday after the department store reported making progress toward stabilizing its business. The stock was 7.9 percent higher shortly after market opened. Earlier Thursday, Sears reported a narrower-than-expected loss but said sales continued to erode. The retailer posted a double-digit decline in comparable sales for the second quarter, citing a
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Dollar Tree reported better-than-expected quarterly profit and comparable sales, helped by lower costs and discounts as well as a 1 percent rise in same-store sales at its Family Dollar business. Shares of the biggest U.S. dollar-store chain operator rose 9 percent to $81.04 in premarket trading on Thursday after the company raised its profit and
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Tiffany reported bigger-than-expected quarterly profit and sales on Thursday, helped in part by higher demand for its fashion and designer jewelry in Japan and lower input costs. Sales at established stores open for more than a year fell 2 percent, steeper than the 1 percent fall expected by analysts polled by research firm Consensus Metrix.
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Uber trimmed its losses 14 percent in the second quarter from a year ago, as the ride-hailing giant grew bookings, trips and revenue. The company posted a net loss of $645 million on revenue of $1.75 billion. Revenue this time last year was $800 million. Global trips popped 150 percent from a year ago, while
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American Eagle Outfitters surprised Wall Street on Wednesday, reporting same-store sales growth for the second quarter. The teen apparel retailer also posted better-than-expected quarterly revenue and profit, boosted by strong demand for its Aerie line of lingerie. Shares of American Eagle were last climbing about 7 percent on the news. “We are particularly encouraged by
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Intuit reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared to what Wall Street expected: EPS: 20 cents vs. 17 cents expected, according to Thomson Reuters Revenue: $842 million vs. $804.6 million expected, according to Thomson Reuters For the fiscal first quarter, the company said it expects
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Medical device maker Medtronic on Tuesday reported a quarterly profit that beat analysts’ estimates, driven by strong demand for its heart and vascular devices. Sales in the company’s cardiac and vascular business, which sells defibrillators, pace-makers, heart valves and stents, rose 5.1 percent to $2.65 billion in the first quarter ended July 28, Medtronic said.
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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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