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Nordstrom reported quarterly earnings and revenue that beat analysts’ expectations on Thursday, but same-store sales at its discount concept Nordstrom Rack disappointed, dragged down by unpopular goods. Here’s how the company did compared with what Wall Street expected: EPS: 67 cents, vs. 63 cents expected according to Thomson Reuters Revenue: $3.63 billion, vs. $3.58 billion
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News Corp. blew past earnings expectations Thursday, as the company presses ahead with efforts to turn its print news publications, such as The Wall Street Journal, into digital-first operations. Here’s how the company did compared to what Wall Street expected: EPS: 7 cents vs. 1 cent expected, according to Thomson Reuters Revenue: $2.06 billion vs.
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The Walt Disney Company share gained after the company said it plans to price its streaming service “substantially below” that of Netflix. The company said, however, that its service will be cheaper because it will initially have a smaller library than what the streaming giant offers. Disney said its goal is to attract as many
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Melina Mara | The Washington Post | Getty Images Speaker of House Paul Ryan and Senate Majority Leader Mitch McConnell announce the Republican tax reform initiative accompanied by members of the Senate Finance Committee and House Ways and Means Committee on Capitol Hill in Washington DC Wednesday September 27, 2017. If you’re looking for a
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Homebuilder D.R. Horton reported a better-than-expected quarterly profit on Thursday and raised its fiscal 2018 revenue and cash flow forecasts, further evidence that a strong U.S. job market is feeding through to demand for houses. Housing demand in the United States declined sharply for four years running after the sub-prime crash of 2007-2008 but has
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Macy’s posted steep sales declines on Thursday, but tighter inventory controls helped boost profit margins, allowing the retailer to outpace analysts’ earnings expectations. Macy’s also reaffirmed its full-year outlook, citing heightened momentum heading into the all-important holiday shopping season. The department store chain’s shares were climbing more than 8 percent Thursday afternoon on the news.
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Kohl’s on Thursday posted a lower-than-expected quarterly profit, hampered by higher costs and several devastating hurricanes. The middle of the latest quarter was “soft” due to abnormal weather conditions, Kohl’s said. Merchandising expenses also increased. Kohl’s shares were falling around 1 percent Thursday afternoon on the news. Net income dropped to $117 million, or 70
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Krisztian Bocsi | Bloomberg | Getty Images Kasper Rorsted, chief executive officer of Adidas AG. “Overall an extremely strong quarter across the board for us, so we are exceptionally happy,” Kasper Rorsted, CEO at Adidas, told CNBC Thursday. Rorsted also said that ahead of the upcoming soccer World Cup in Russia, he was “quite optimistic”
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Hertz Global on Thursday reported a better-than-expect net profit as higher revenues and revenue management offset canceled reservations in hurricane-impacted parts of the United States, but the car rental company warned it was entering a period of weak demand amid high investment. The company’s shares rose 12 percent in after-market trading following the results. Hertz’s
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Adjusted EPS: 10 cents loss, excluding items, vs. loss of $1.37 expected by a Thomson Reuters consensus estimate. Revenue: $124.8 million vs. estimate of $110.5 million by Thomson Reuters’ consensus. The company went public in late September in a $252 million IPO. Its fortunes have risen alongside services like Netflix that have moved TV viewership
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