Today: September 19, 2024
Today: September 19, 2024

Earnings

Business

News Corp beats quarterly revenue estimates

Media conglomerate News Corp beat Wall Street targets for first-quarter revenue on Thursday, boosted by a rise in digital subscriptions at business information unit Dow Jones and a

News Corp beats quarterly revenue estimates
Business

Wynn Resorts posts better-than-expected Q3 profit on Macau business recovery

Casino operator Wynn Resorts beat third-quarter profit estimates on Thursday, as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties.

Wynn Resorts posts better-than-expected Q3 profit on Macau business recovery
Economy

Morgan Stanley sees S&P 500 ending 2024 at 4,500

Morgan Stanley said on Monday it expects the S&P 500 to end 2024 at 4,500, and predicted earnings recovery through the year. The target represents a 2% upside from current levels.

Morgan Stanley sees S&P 500 ending 2024 at 4,500
Business

Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand

Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe's as demand remained under pressure from uneven

Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand
Business

Improved profit margins 'bright spot' in US earnings season -Goldman strategists

Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the

Improved profit margins 'bright spot' in US earnings season -Goldman strategists
Business

Canadian insurer Sun Life's Q3 profit falls

Canada's Sun Life Financial posted a fall in third-quarter profit on Monday, hurt by a lower income from its individual insurance business.

Canadian insurer Sun Life's Q3 profit falls
Business

Apple supplier Foxconn's Q3 profit rises 11%, much better than forecasts

Apple Inc supplier Foxconn reported on Tuesday a surprise 11% rise in third-quarter profit.

Apple supplier Foxconn's Q3 profit rises 11%, much better than forecasts
Business

Target forecasts strong holiday-quarter profit on lower inventory levels, supply-chain costs

Target on Wednesday forecast holiday-quarter profit largely above Wall Street expectations as the big-box retailer benefits from easing supply-

Target forecasts strong holiday-quarter profit on lower inventory levels, supply-chain costs
Business

Cisco cuts full-year revenue forecast

Cisco Systems cut its annual revenue forecast on Wednesday, a sign that demand for its networking equipment was slowing in an uncertain economy.

Cisco cuts full-year revenue forecast
Business

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment

Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
Business

Applied Materials forecasts first-quarter revenue above estimates

Semiconductor equipment maker Applied Materials on Thursday forecast first-quarter revenue above Wall Street estimates, helped by a recovery in the personal computer market and rising

Applied Materials forecasts first-quarter revenue above estimates
Business

Gap sees bleak holiday-quarter sales as Banana Republic, Athleta demand falters

Gap on Thursday forecast holiday-quarter sales below expectations, signaling weak demand for its Banana Republic and Athleta brands heading into the all-important shopping season.

Gap sees bleak holiday-quarter sales as Banana Republic, Athleta demand falters
Business

Ross Stores lifts annual profit view on cooling freight, robust off-price demand

Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets and easing freight

Ross Stores lifts annual profit view on cooling freight, robust off-price demand
Business

Gap shares soar on Old Navy brand renewal, controlled inventory

Shares of Gap surged 20% in premarket trading on Friday as investors cheered signs that the apparel maker's efforts to bring in trendier and in-demand clothing at its Old Navy brand and

Gap shares soar on Old Navy brand renewal, controlled inventory
Economy

Marketmind: Catching breath as Nvidia update due

A look at the day ahead in U.S. and global markets from Mike Dolan A cocktail of renewed AI excitement, Nvidia's imminent earnings update, an impressive 20-year Treasury auction and a leveling off of

Marketmind: Catching breath as Nvidia update due
Business

Abercrombie & Fitch lifts annual net sales forecast on strong demand

Abercrombie & Fitch Co on Tuesday raised its annual net sales forecast, signaling strong demand for its lifestyle brands heading into the crucial holiday season.

Abercrombie & Fitch lifts annual net sales forecast on strong demand
Business

Medtronic raises fiscal 2024 forecast on strong sales of surgical, diabetes devices

Medtronic beat second-quarter profit and revenue estimates and raised its annual earnings forecast on Tuesday, banking on strong sales in its

Medtronic raises fiscal 2024 forecast on strong sales of surgical, diabetes devices
Business

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy

Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Business

Trading in Nvidia ETFs shows traders preparing for upbeat earnings

Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker

Trading in Nvidia ETFs shows traders preparing for upbeat earnings
Business

Nordstrom misses revenue estimates as inflation crimps shopping

Nordstrom missed Wall Street targets for third-quarter revenue on Tuesday, in a sign that sticky inflation pressured consumer spending in the months leading up to

Nordstrom misses revenue estimates as inflation crimps shopping
Economy

BMO sees solid US stock gains ahead, S&P 500 ending 2024 at 5,100

U.S. stocks are in a bull market and will post "solid" gains in 2024, even as returns are lower than this year, BMO Capital Markets strategists said on Monday.

BMO sees solid US stock gains ahead, S&P 500 ending 2024 at 5,100
Business

Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters

Hewlett Packard Enterprise beat estimates for quarterly profit on Tuesday due to easing costs but unfavorable macroeconomic conditions led to a dour forecast for the current quarter.

Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters
Business

Remy Cointreau first-half profits fall 43% as U.S. weighs, keeps goals

French spirits group Remy Cointreau on Thursday sticked to its full year 2023/24 outlook for lower sales and profits, reiterating a rebound in sales in its key U.S. market would not

Remy Cointreau first-half profits fall 43% as U.S. weighs, keeps goals
Business

Canada's TD Bank's fourth-quarter profit falls on higher provisions

TD Bank Group reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside more rainy-day funds to cover for potential sour loans.

Canada's TD Bank's fourth-quarter profit falls on higher provisions
Business

Dell misses quarterly revenue estimates on slow PC market recovery

Dell Technologies on Thursday reported third-quarter revenue below estimates due to a slower-than-expected recovery in the hardware and software market, sending its shares down 4% after

Dell misses quarterly revenue estimates on slow PC market recovery

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