Earnings

Citigroup posted fourth-quarter profit that beat analysts’ expectations on better-than-expected expense declines and loan losses. The bank made $1.61 in profit per share excluding one-time impacts of the U.S. tax overhaul, beating analysts’ expectations for $1.55 per share. Operating expenses fell 4 percent to $9.89 billion in the quarter, driven in part by lower compensation
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Kohl’s on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. Shares then fell further as other retailers including Macy’s and L Brands reported disappointing holiday sales, sending a sea of retail stocks into the red. Kohl’s stock was last down more than 9 percent, as its
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Fourth-quarter reporting season, with major banks releasing numbers next week, will also serve as an important transition period between 2018’s strong double-digit profit growth and 2019’s much slower single-digit pace. Earnings are expected to be strong, up 14.7 percent in the fourth quarter, but corporate executives will be discussing the activity in the current quarter,
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“I think that puts a lot of pressure on China to make a deal,” Hassett told CNN. “Their economy, for them, you might call a ‘recession.’ It’s slowing down in a way that they haven’t seen in a decade.” The rare warning from Apple, which sparked concerns about the Chinese economy and growth prospects worldwide,
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Jussi Nukari | AFP | Getty Images People enter an Accenture office in downtown Helsinki, Finland. Accenture reported a 7.4 percent rise in quarterly revenue on Thursday, as it reaped the benefit of its investments in digital and cloud services. Net income attributable to the consulting and outsourcing services provider rose to $1.28 billion, or
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Walgreens Boots Alliance announced plans on Thursday to its cut annual costs by $1 billion within three years and reported first-quarter results that beat Wall Street’s estimates. The results also showed sales are struggling in Britain, one of its largest markets, and the stock dropped 3 percent Thursday morning. Walgreens shares are down more than
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