Earnings

HP reported better-than-expected fiscal third quarter earnings on Thursday, but the stock dipped in extended trading. Here are the key numbers: Earnings: 52 cents per share, excluding certain items, vs. 51 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $14.59 billion, vs. $14.27 billion as expected by analysts, according to Thomson
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Synopsys reported better-than-expected quarterly results and forecast fourth-quarter above Wall Street estimates on Wednesday, as the maker of chip design software benefits from rising demand from semiconductor clients. The company’s shares rose nearly 5 percent to $99.40 in after-market trading, on track to open at a record high on Thursday. Synopsys, whose clients include Intel
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The Chinese titan said an increase in monthly active users of its Taobao app and its “new retail strategy” helped drive growth. New retail includes its physical stores called Hema, as well as the food delivery service Ele.me that Alibaba now owns. Alibaba has tried to bolster the division by striking partnerships with big U.S.
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L Brands, the parent of Victoria’s Secret and Bath & Body Works, on Wednesday lowered its profit outlook, which overshadowed quarterly earnings and revenue that topped analysts’ expectations. The company said it now expects full-year earnings per share between $2.45 and $2.70, down from its previous forecast for earnings per share between $2.70 and $3.
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Lowe’s on Wednesday reported second-quarter earnings and revenue that surpassed analysts’ expectations, but same-store sales fell short and weren’t nearly as strong as rival Home Depot. The North Carolina-based home improvement retailer also announced it will be shuttering its 99 Orchard Supply Hardware stores by year-end to “aggressively rationalize store inventory.” Lowe’s shares fell more
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Kohl’s shares tumbled Tuesday morning despite it releasing second-quarter earnings that beat analysts’ profit and sales estimates. The retailer also raised its profit outlook for the year. Net income during the quarter ended August 4 surged 40.4 percent to $292 million, or $1.76 per share, compared with $208 million, or $1.24 a share, a year
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David Maung | Bloomberg | Getty Images An employee uses a microscope at the Medtronic assembly plant in Tijuana, Mexico. Medical device maker Medtronic posted a better-than-expected quarterly profit on Tuesday, helped by higher sales in its top-selling cardiac and vascular unit, underpinning strength across its businesses. Shares of the Dublin-based company rose 4 percent
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BHP Chief Executive Andrew Mackenzie, meanwhile, said the company was “a little more apprehensive” on the short-term outlook, given trade relations between China and the United States. Escalating tensions between China, the biggest commodity consumer, and the U.S. have spooked metals markets and raised the prospect of reduced Chinese demand. Copper prices on the London
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Cosmetics maker Estee Lauder topped quarterly sales estimates on Monday as more shoppers bought its makeup and skincare products like Estee Lauder, Clinique and La Mer. Net earnings attributable to the company fell to $186 million or 49 cents per share in the fourth quarter ended June 30 from $229 million or 61 cents per
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Getty Images A John Deere 8600 tractor is displayed on opening day of the World Ag Expo on February 10, 2015 in Tulare, Calif. Deere reported weaker-than-expected earnings on Friday as rising costs take a bite out of the tractor company’s bottom line. Deere posted adjusted earnings per share of $2.59 for its fiscal third
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Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts’ expectations and also raised its outlook for the full year, citing momentum in its online business and robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom’s earnings followed mixed results from
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J.C. Penney on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, as it continues to grapple with an overhang of unsold merchandise. As fast fashion brands like Zara have trained shoppers to shop new styles more frequently, retailers like J.C. Penney have struggled to build a supply chain to support quick inventory changes
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Walmart on Thursday reported quarterly earnings and sales that topped analysts’ expectations, as more shoppers flocked to its stores and spent more per trip, and e-commerce sales ticked higher than previous quarters. The retailer said it had the strongest growth in more than a decade at those stores open for at least 12 months, thanks
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Net income for the second quarter ended Aug. 4 was $166 million, or 53 cents a share, compared with $111 million, or 36 cents a share, a year earlier. Excluding one-time items, Macy’s earned 70 cents per share, far exceeding analysts’ expectations for 51 cents a share, according to a poll by Thomson Reuters. Revenue
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Tapestry on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, driven by strong performance of its Kate Spade brand. Shares of the company, formerly known as Coach, rose nearly 12 percent, as investors reacted to signs the company’s efforts to improve its performance are gaining traction heading into the holiday season. Tapestry has
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