Walgreens Profit Drops, Sales and Guidance Increase

Walgreens Boots Alliance Inc announced that its sales had increased by 14% in its most recent quarter. The company also increased its guidance for the full year though its profit dropped as the biggest pharmacy chain in the country came up against a difficult comparison. The company, based in Deerfield, Illinois, entered into a deal […]

Inditex Posts Strong Growth in Sales

Inditex, the largest clothing retailer in the world, posted strong growth in sales for its first five weeks of its new financial year. The retailer added that its pace of new store openings would be slowing down as part of the company’s trend of sales moving more to the Internet. Inditex is going to focus […]

Weak Spending and Strong Dollar Weigh on Sales at Dollar Tree

Dollar Tree Inc, the largest discount chain in the U.S. reported quarterly sales that were lower than had been expected, hurt by challenging conditions in the economy and a strong U.S. dollar. The company forecast earnings for 2016 less than analyst’s estimates sending their shares down by 5% in Tuesday premarket trading. The earnings for […]

Late Winter Give Macy’s Sales Boost

A late chill from winter helped to rekindle sales at Macy’s during its last quarter. The company announced that there had been a surge in demand for boots and jackets last month, when a large part of the U.S. finally cooled down following a warm start to the winter season. The increase helped Macy’s to […]

Allergan Beats Estimates on Earnings

Allergan released its earnings report for the fourth quarter prior to the Wall Street opening bell on Monday, posting adjusted per share earnings of $3.41. That was in comparison to estimates by Wall Street analysts of EPS of $3.34. Revenue at the pharmaceutical company was $4.2 billion, which ended in line with market expectations. The […]

Walmart Income for Fourth Quarter Down On Lower Sales

On Thursday, Walmart said its earnings for the fourth quarter were down by 7.9% because of higher operating expenses and lower sales. The largest retailer in the world lowered its sales growth estimate for 2017, which began in February. The estimate previously had been for a 3% to 4% increase, but now the retailer sees […]

Fox Film Unit Disappoints Crimps Murdoch Company Earnings

Despite getting help from Lucious and Cookie, 21st Century Fox, part of the Rupert Murdoch empire, fell short of revenue for the first quarter. The broadcast network of Fox delivered a strong performance for its quarter that ended December 31, with revenue higher for its NFL programming and its lineup on primetime particularly Empire, its […]

GM Posts Record Earnings for 2015 of $9.7 Billion

On Wednesday, General Motors Co announced that it had earned a new record of $9.7 billion during 2015, including over $6.3 billion during the fourth quarter. The automaker based in Detroit posted a new record pre-tax profit of $10.8 billion, with its profit margin at 7.1%. These strong numbers came thanks to good performance in […]

UBS Surprises Analysts With 4Q Profit Results (NYSE:UBS)

Swiss bank UBS reported higher profits for the fourth quarter than analysts expected. The Zurich-based bank reported a 10 percent increase in net profit in the October-December quarter, rising to 949 million francs from 858 million francs in the same period a year earlier. Analysts polled by FactSet had estimated net profit of 867 million […]

Amazon Sees Sales Surge, but Profit Comes Up Short

Amazon expected to be the runaway winner of the holiday shopping season, instead it strolled but did not run. Revenue for the e-commerce giants during the fourth quarter was less than was expected, reported the company based in Seattle, Washington on Thursday. It turned out that its profit was even less. Wall Street responded negatively […]

Apple Inc Misses Estimates on Sales, Revenue, but Profit Sets Record

Apple Inc is not even immune to a slowing market for smartphones. Despite the Cupertino, California based company setting an all-time record for quarterly profit for any public company in the U.S. by moving up 2% from the same period last year, the tech giant did not meet expectations on Wall Street with its iPhone […]

Netflix Impresses Investors with Strong Growth Overseas

As its subscriber growth in the U.S. begins to taper off, the video streaming online service Netflix is on the road to conquering the rest of the world with is ambitious expansion that will likely sway the stock in the company and the prices it will have to pay for movies and TV series. The […]

JPMorgan Chase Announces Record Annual Earnings (NYSE:JPM)

JPMorgan Chase & Co, the biggest U.S. bank by assets, recorded record annual earnings for fiscal year 2015. JPMorgan’s net income for the final quarter of the year rose 10.2 percent to $5.43 billion, boosting annual profit to a record $24.44 billion. On a per-share basis, the bank earned $1.32, beating the average analyst estimate […]

CSX Says Earnings for Fourth Quarter and Full Year are Solid

CSX Corporation announced its 2015 fourth quarter earnings that reached $466 million, a drop of 5% from its $491 million during the same period in 2014, equal to 48 cents a share compared to 49 cents a share for the prior year or a drop of 2%. Revenue for the fourth quarter of 2015 was […]

Dollar General Announces Profit That Beats Expectations

On Thursday, Dollar General said its profit had ended higher than expectations of Wall Street as traffic in its stores improved, though the company lowered its sales guidance for 2015. For its fiscal year that ends in January, the discount retailer said it was expecting growth of comparable sales to be between 2.5% and 2.8%, […]

John Deere Forecast Beats Estimates

The largest maker of farm equipment in the world, Deere & Co forecast a 2016 fiscal year profit that beat estimates on Wall Street, even as lower prices of crops reduced the money growers have to purchase combines and tractors. Net income for its year through October will reach $1.4 billion, said the company on […]

Dollar Tree Profit Misses Expectations Even with Boost in Sales

Dollar Tree said its profit for the latest quarter was down as the discount retailer is working to integrate a recently acquired competitor, though that acquisition added a more than two-fold increase in revenue. The company based in Chesapeake Virginia completed its acquisition of $9 billion of Family Dollar last July, which brought its number […]

Target Sales Growth Online Slows, Margins Become Pressured.

On Wednesday, Target Corp reported a profit that was higher than expected and increased the low end of its forecast for the fiscal year. However, its shares still were down close to 5% due to slower growth in sales online and margins being pressured. The fourth biggest retailer in the U.S., which is within the […]

Dean Foods Tops Estimates on Profit

Dean Foods Co, the largest dairy processor in the U.S. posted profit for the third quarter and forecast its earnings for the fourth quarter with both topping estimates made by analysts as it has benefitted from a drop in the cost of raw milk, Earnings that excluded certain one-off items reached 30 cents, the company, […]

Berkshire Hathaway Doubles Profit in Third Quarter

Berkshire Hathaway’s profit for the third quarter was more than double that of the same period one year ago, as the completion of the merger of Kraft-Heinz boosted the value of its stake in the food company. The company run by Warren Buffett announced on Friday that it earned more than $9.4 billion equal to […]

Lumber Liquidators Sales Continue Falling, New CEO Named

On Wednesday, Lumber Liquidators Holdings reported a worse than had been expected drop of 11.3% in its sales and at the same time named a new CEO as the company that makes hardwood flooring is continuing to deal with fallout from worries over the safety of all its products. Share price is down by 79% […]

China and Truck Sales Drive Profit at GM That Beats Wall Street

General Motors Company reported record earnings for the quarter before charges as strong demand for its trucks across North America and increased profit margins within China overcame a drop in revenues. Shares of GM were up 4.5% on the news in trading before the bell on Wednesday. GM posted a per share profit of $1.50 […]

Hasbro Has the Force Behind It

Hasbro the toymaker beat expectations of analysts for its most recent earnings report. The company can thank the overwhelming demand for its Star Wars and Jurassic World related products. Net revenue at the toymaker in its boy’s category was up 24% to more than $593.1 million. Officials at the company cited sales of toys from […]

Hewlett-Packard Hit by Weaker Corporate and PC Demand

Hewlett-Packard Co’s outlook for earnings was short of estimates prior to its breakup that is designed to improve prospects of growth. Sales dropped across the majority of divisions during its fiscal third quarter including PCs, services, software and printers fueled by weakness in the global market for PCs. For its fourth quarter, the last prior […]

Home Depot Increases Forecast As Sales Boosted by Housing Market

Sales and earnings forecasts were increased by Home Depot Inc for the full year as the rise in home prices in the U.S. encouraged Americans to do more home repairs. Profit in 2015 will now be between $5.31 and $5.36 per share, including its planned completion of the acquisition of Interline Brands, the company based […]

Berkshire Hathaway Profit Drops 37% on Slump in Insurance

Berkshire Hathaway Inc the company operated by Warren Buffett said Friday its profit for the second quarter had fallen by 37%, reflecting a substantial decline in its investment gains as well as an loss in underwriting from its insurance operations, which include Geico. Net income for the company dropped to just over $4.01 billion, equal […]

MasterCard Profit Slips During Second Quarter

MasterCard the payment card network posted on Wednesday earnings for the second quarter that were nearly flat from the levels of the same period one year ago, with its growth in revenue weaker that had been expected. The company, based in Purchase, New York, said it was continuing to be pressured from a strong dollar, […]

American Airlines Posts Profits Topping Estimates, Declares Dividend and Buyback

American Airlines on Friday posted profit for its second quarter that topped expectations on Wall Street and declared a stock dividend and buyback, as less expensive fuel continued to be a benefit to the bottom line. American, the largest passenger carrier in the world, grew its profit by 97% from the same period one year […]

Coca-Cola Increase in Prices Helps with Profit

Coca-Cola announced that its profit increased during its recently ended second quarter as it increased its prices, lowered its costs and benefitted from its gain that was related to purchasing a share in Monster Beverage the maker of energy drinks. The soft drinks maker based in Atlanta makes Dasani, Powerade, Sprite and is namesake Coca […]

Boeing Revising Forecast for 2015 Due to Tanker Charge

Boeing Co is revising its profit forecast for the full year due to an after-tax charge of $536 million due to the higher costs in the development of a refueling tanker for the U.S. Air Force. The new projection for per share earnings for 2015 will be available on July 22 with financial results for […]

Finish Line Shares Rise After Company Beats Estimates

Finish Line shares were higher by over 7.4% in Friday morning trading on Wall Street after the sports apparel and athletic shoe retailer posted earnings that were better than had been expected for its 2016 fiscal first quarter. For its most recently ended quarter, Finish Line announced that non-GAAP earnings reached 30 cents share. Analysts […]

Cracker Barrel Tops Wall Street Expectations

Cracker Barrel Old Country Store announced on Tuesday that earnings for the latest quarter were up 23% on sales as well as traffic growth along with the continuing use of its cost-cutting program. Shares were up 4.6% during trading before the bell on Tuesday and continued to be up in late morning trading. Results beat […]

GameStop Sees Results Helped by Sales of Software

Downloads for videogames as well as digital games helped GameStop Corp’s profit for the first quarter as the retailer’s market share of new software grew to 45%, said the company on Thursday, Sales at its established stores, a key metric for performance that looks only at sales of stores that have been opened a minimum […]

Whole Foods Stock Falls After Revenue Misses Mark

Whole Foods Market stock was down up to 14% in early trading following the reported revenue by the company and its comparable stores sales that trailed estimates by analysts. Revenue during its fiscal second quarter ended at $3.65 billion, announced the company based in Austin, Texas on Wednesday afternoon. Analysts however had estimated that revenue […]

CVS Health Beats the Street Forecasts

CVS Health posted earnings for the first quarter that were fueled by demand for specialty drugs, and climbed by 8% easily topping expectations on Wall Street. The company, based in Rhode Island said on Friday that revenue from its business of pharmacy benefits management was up by 18% to just less than $23 billion. Driving […]

Fiat Chrysler Earns Profit Thanks to North America and Europe

Fiat Chrysler Automobiles announced Wednesday that it swung to a profit during the 2015 first quarter, thanks to strong results across North America offsetting lackluster numbers across the rest of the globe. The Italian-American manufacturer of cars earned 92 million euros or $101 million during the quarter compared to a 173 million euros loss during […]

Google Revenue for the Quarter Up 12%

Google posted its earnings and revenue for the quarter this week missing expectations of analysts. The company reported earnings for the first quarter of $6.57 per share compared to last year during the same period of $6.27. Revenue for the recently ended quarter was $17.26 billion compared to a figure of more than $15.42 billion […]

Caterpillar Forecast for Profit Tops Wall Street

Caterpillar Inc the largest maker of construction and mining equipment has forecast 2015 profit that topped Wall Street’s estimates as sales in North America improved and the company made cost cuts. Earnings will reach $5 per share during 2015, excluding its restructuring costs, the company announced Thursday in a prepared statement. That is above the […]

Harley Davidson Profit Up But Outlook is Lowered

On Tuesday, Harley Davidson Inc posted net profit that was higher than the same quarter last year, but at the same time lowered its forecast for sales for 2015 pointing out aggressive prices discounting by competitors. Shares of the maker of motorcycles fell by over 6% in trading prior to the bell on Tuesday after […]

Honeywell Posts Lower Revenue on Strong Dollar

Honeywell International a major maker of electronics for aircraft and systems for climate control reported a drop of 5% in revenue for the quarter on Friday. The results were hurt by a strong U.S. dollar and its friction materials sector. The company cut its revenue forecast for the full year as well from between $40.5 […]

Constellation Brands Profit Beats Expectations

On Thursday, Constellation Brands Inc announced its first dividend to be paid in cash since 1973 when it went public, as the maker of alcoholic beverages said its Mexican beer division continued driving growth during the recently ended quarter. Constellation had been saying recently that it had looked into returning its shareholders cash as it […]

Tiffany Announces Weak Guidance Due to Strong Dollar

Tiffany & Co announced on Friday that its sales dropped in close to all its markets during its quarter starting in January, with a strong U.S. dollar causing the company to post guidance that was downbeat for its new fiscal year. Shares of the jewelry makers were down 1.5% in light trading before the bell […]

Wells Fargo Reports Profit Increase For Q4

Wells Fargo & Co reported an increase in quarterly profit during its earnings call on Wednesday. The bank reported total net income of $5.38 billion, or $1.02 per share, for the quarter. This was marginally higher than the income reported by the bank in the same quarter of last year. The results met the expectations […]

Anheuser-Busch InBev Announces Earnings that Miss

AB InBev SA released its quarterly earnings information on Friday. The beer maker reported earnings per share of $1.42, which missed the estimate by Wall Street of $1.53. The company posted revenue of just over $12.23 billion for the same period compared to Wall Street estimates of $12.5 billion. In the same quarter one year […]

Altria Profit Up on Higher Cigarette Prices

Altria Group Inc, the maker of Marlboro cigarettes, saw slightly higher profit during the third quarter, as prices increased on cigarettes to help offset the continual decline on the amount of cigarettes purchased. The company owns the largest maker of cigarettes in the U.S. in Philip Morris USA and posted its earnings on Thursday of […]

Profit at Goodyear Beats Wall Street

Goodyear Tire & Rubber Co has reported a quarterly profit that was higher than had been expected as costs of raw materials fell across North America. The tire maker announced it would buy shares back of up to $150 million during the fourth quarter. Shares of Goodyear, which sells its tires under the brands like […]

Pfizer Beats Forecasts on Profit and Sales

Pfizer Inc reported quarterly results that were stronger than had been expected helped from increased sales of its drugs for cancer and a demand for its medicines across emerging markets. However, the pharmaceutical giant did not give any indication on acquisition plans after its recent efforts failed to buy AstraZeneca is British rival drug maker. […]

Merck Stock Dips on Revenue that Misses

Merck had mixed news on Monday as the company announced that it had been granted a designation of breakthrough therapy by the FDA for its treatment Keytruda for melanoma. However, despite that designation, which helps to fast track the development of the drug, shares of Merck slipped during early trading Monday after the pharmaceutical company […]

Bristol-Myers Results Top Wall Street

Bristol-Myers Squibb reported results for the third quarter that were better than had been expected as strong sales of its arthritis, cancer and blood clot treatments helped the company offset its sharply higher taxes. The news helped send the company stock up by 2.6%. The drug maker, based in the U.S., said Friday it had […]

American Airlines Profit Boosted by Stable Fuel Prices and More Revenue

Summer vacations this year were good for U.S. based American Airlines. Passengers paid a record amount for each mile and the airline enjoyed filling the most seats ever. That helped American during the third quarter to earn the most of all time at $942 million. Doug Parker the CEO predicted there would be more records […]