Earnings

Chinese internet giant Tencent will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs. With a market capitalization of around $560 billion, Tencent is Asia’s most valuable listed company and the world’s no.5, after Apple,
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Cheerios cereal maker General Mills cut its full-year earnings forecast due to a sharp increase in freight and commodity costs, driving its shares down 9 percent in premarket trading on Wednesday. The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said it would try to strengthen next year’s earnings by improving its distribution
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Oracle stock fell as much as 4 percent on Monday immediately after the company released mixed results for the third quarter of its 2018 fiscal year, which ended on February 28. The stock tumbled lower after executives issued guidance. * Earnings: Excluding certain items, 83 cents per share vs. 72 cents expected by analysts, according
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Tiffany & Co reported a better-than-expected quarterly profit and revenue on Friday, as the upscale retailer sold more jewelry in China and the Americas. The company has been taking numerous steps to turn its business around, which has been marred with several quarters of declining sales, by introducing cheaper silver jewelry as well as everyday
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American Eagle Outfitters‘ sales at established stores topped analysts’ estimates for the holiday shopping quarter, helped by robust demand for its Aerie line of lingerie. The company’s comparable sales rose 8 percent in the fourth quarter ended Feb. 3, beating analysts’ average estimate of a 7.34 percent rise, according to Thomson Reuters I/B/E/S. Net income
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Kroger on Thursday reported fourth-quarter earnings in-line with analysts’ estimates but issued a disappointing profit outlook for 2018. Its shares plummeted more than 11 percent in early trading following the news. Net income for the fourth quarter totaled $854 million, or 96 cents a share, compared with $506 million, or 53 cents a share, a
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Best Buy on Thursday reported better-than-expected same-store sales for the fourth quarter, saying it saw stronger sales in gaming and a more “favorable competitive environment” through the holidays. To compete with Amazon and avoid bankruptcy court filings, as Circuit City and RadioShack have been forced to do, the electronics retailer has been investing in customer
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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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