Earnings

Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results exceeded
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Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
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Accenture reported a better-than-expected quarterly profit, as the consulting and outsourcing services provider gained from its push into digital and cloud services. The company also forecast current-quarter revenue between $9.15 billion and $9.40 billion, the low end of which was in line with analysts’ estimates. Digital, cloud and security services accounted for more than half
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Conagra, the maker of Reddi-Wip whipped cream and Chef Boyardee pasta, reported better-than-expected second-quarter revenue and profit on Thursday, as consumers stocked up on food items because of hurricanes. Conagra’s shares were up 2.2 percent in premarket trading, even as the company warned that higher-than-anticipated inflation, hurricane-related costs, and increased investments to expand distribution were
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Justin Sullivan | Getty Images Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. General Mills raised its full-year organic sales growth forecast and reported second-quarter sales that topped Wall Street estimates, helped by strong demand for its cereal and snack brands such as Lucky
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Package delivery company FedEx on Tuesday reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit. The Memphis-based company, often considered a bellwether for the U.S. economy like its main rival United Parcel Service, posted fiscal second-quarter
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General Motors shares rose Tuesday after RBC Capital Markets upgraded the stock to outperform. “We believe GM guides 2018 above consensus leading to positive earnings revisions,” wrote analyst Joseph Spak. “The stock fits squarely into our preferred narrative for 2018 — increased confidence on downturn resiliency with a seat at the table on new mobility.”
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Getty Images A Costco store in Richmond, Calif., March 6, 2014. Retailer Costco Wholesale on Thursday reported quarterly profit and revenue that beat analysts’ estimates, as its investments in online business paid off. The membership-based retail chain has been investing heavily to bolster its e-commerce capabilities, launching initiatives such as two-day delivery on dry groceries
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Photoshop maker Adobe Systems on Thursday reported a better-than-expected quarterly revenue and profit, driven by strength in its digital media business, which houses its flagship product Creative Cloud. Shares of the company, which also forecast first-quarter profit above estimates, were up 1.7 percent at $178 in extended trading. The shift to cloud-based subscription has brought
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