J.C. Penney Announces Closure Of Over 100 Stores

J.C. Penney Co. (NYSE:JCP) has announced that it would be closing as many as 140 of its roughly 1,000 stores by June. The stores it is closing represent about 13 percent to 14 percent of its current store count, but less than 5 percent of total annual sales. The company is also planning to close […]

Bank of America Reports Mixed Results For Q4

Bank of America Corp. (NYSE:BAC) reported mixed results for the fourth quarter of its fiscal year. The company reported that its earnings surged 47 percent in the quarter through Dec. 31, rising to $4.34 billion, or 40 cents a share, from $2.95 billion, or 27 cents a share, a year ago. On an adjusted basis, […]

Goldman Sachs Tops Income And Revenue Predictions

Goldman Sachs (NYSE:GS) reported third-quarter earnings that easily beat the predictions of Wall Street analysts. The bank reported a 58 percent increase in its net income for the third quarter of 2016, earning a profit of $2.1 billion, or $4.88 a share, in the July-September quarter, compared to $1.3 billion in the year-ago quarter. Its […]

Mixed Results For Lululemon For First Quarter

Lululemon Athletica Inc. (NASDAQ:LULU) reported mixed results on its earnings call for the first quarter of its fiscal year. Lululemon’s total revenue increased 17 percent to $495.5 million, beating analysts’ estimates of $487.72 million. However, profits fell to $45.3 million, or 33 cents per share, down from $47.8 million, or 34 cents per share, in […]

Wal-Mart Reports Impressive First Quarter Results

Wal-Mart Stores (NYSE:WMT) reported that sales at existing stores in the U.S. rose more than expected during its first quarter, leading to a higher-than-expected quarterly profit and revenue. U.S. same-store sales were up 1 percent in the quarter, beating analysts’ estimates of a 0.5 percent increase. This was the seventh quarter in a row that […]

Halliburton Reports Drop in Sales of 36% as Fracking is Reduced

Halliburton Co’s saw its revenue fall by 36%, which helped to push the largest provider in the world of fracking services to a loss during the third quarter as the worst downturn in the crude market in decades is reshaping the industry. The company, based in Houston, had a $54 million loss equal to 6 […]

Constellation Brands Beats on Profit as Sales of Beer Jump

Constellation Brands profit for the quarter easily beat estimates by analysts and the company increased its full year forecast for adjust profit again, driven by sales increases of beers under its Modelo and Corona brands. Shares of the company were up 3.8% in Wednesday premarket trading. Constellation has benefitted from strong demand from the increased […]

Finish Line Profit Declines, Misses Forecasts for Revenue

Finish Line announced that its profit had slipped during its most recent quarter as overhead expenses that were higher offset a slight increase in its revenue. Sales at its stores opened for a minimum of one year were higher by 1.5% during its second quarter. The metric cooled after it jumped by 5.5% during the […]

Walmart Lowers Outlook As Profit Comes Up Short

Walmart the world’s largest retailer cuts its forecast for annual profit as it was hurt from a strong U.S. dollar as well as lower margins across the U.S. The company also was hit on more spending for e-commerce and on wages. The Arkansas based retailer reported that earnings for its second quarter were $1.08 per […]

Shares of J.C. Penney Increase on Upbeat Earnings

J.C. Penney shares were up on Friday as the department store retailer continued its effort to turnaround its fortunes by reporting results for the quarter that topped estimates on Wall Street and boosting its guidance for the year. Penney’s stock increased by 8.55% shortly after the markets opened in the U.S. based in the reported […]

Exxon Mobil Profit Lowest in Six Years on Oil Price Drop

Exxon Mobil Corp posted the worst quarterly performance by the company in six years as the worldwide glut in oil collapsed the prices quicker than explorers were able to cut costs. Net income was down to over $4.19 billion equal to $1 per share from last year’s $8.78 billion equal to $2.05 per share during […]

Twitter Falls on Worries Over User Growth

Twitter Inc shares were down steeply on Wednesday as much as 13.3% during the first few minutes of trading due to investors digesting the micro-blogging company’s earnings for the second quarter and its weak growth in users. That is a big reversal from the reaction of Tuesday immediately following the report on earnings, when shares […]

Charges for Restructuring Eliminate Nearly All Profit at Xerox

Xerox Corp hardly managed to end the second quarter with any profit after the copier and printer maker took a huge charge related to a revamping of its business, which provides care-management and administrative services to government programs in healthcare. Xerox, whose stock was down in trading before the bell by 0.7%, announced last week […]

JPMorgan Beats Estimates on Profit as Expenses Fall

Kicking off the earnings season for banks in the U.S. for the second quarter, JPMorgan Chase & Co reported an increase in profit that was better than had been expected on Tuesday, boosted by a drop in its restructuring and legal expenses and a tax bill that was smaller. Like other financial institutes, the biggest […]

Rite Aid Cuts Profit Outlook

On Thursday, Rite Aid Corp lowered its profit outlook for the full year after reporting earnings for its first quarter that were worse than had been expected, hurt by taxes related to an acquisition that is pending and interest costs. The drugstore operator cut its forecast for profit to between 14 cents and 22 cents […]

Prime Minister of Greece Rips into Country’s Lenders

Alexis Tsipras the Prime Minister of Greece has lashed out at his country’s creditors Tuesday accusing them of attempting to humiliate the Greeks as he has defied a number of warnings that Europe is preparing for Greece to leave the common currency euro. His address to Greek lawmakers following the collapse of bailout talks with […]

McDonald’s Comparable Sales in May Drop Less Than Expected

McDonald’s Corp posted a drop in its worldwide sales at comparable stores that were less than had been expected during May, as European sales were able to offset a drop in the U.S. Shares at the biggest burger chain in the world by revenue were up 0.5% during early morning trading on Monday. The May […]

TJX Increases Profit for Full Year Forecast

TJX Cos., the owners of Marshalls and TJ Maxx, the off price chains, has announced it raised its comparable sales and profit forecast, for the full year after being encouraged by more shoppers hungry for bargains and visiting their stores. Shares at the company, which reported sales and profit for the quarter that were better […]

Nissan Profit Increases on Growth in Sales and Cost Cutting

Nissan Motor Company the second largest automaker in Japan said it is expecting its operating profit to increase by 15% during the current financial year, It forecasted its sales growth for vehicles in most of its regions and promised large cuts in costs. This follows strong earnings in its just ended year due to big […]

Chevron Profit Passes Expectations

Natural gas and oil producer Chevron Corp reported a drop of 43% in profit for the quarter on Friday, although its results were able to beat expectations on Wall Street as cost cutting and robust margins in refining helped to offset the strong impact of oil prices tumbling. The reliance on its refining operations were […]

Time Warner Tops Estimates on Earnings

Time Warner Inc posted revenue and profit growth that was better than had been expected for the first quarter as its programming for March Madness helped to drive a growth in audience in its Turner segment. Time Warner announced that the strength of Time Warner helped offset the declines of operating income at Home Box […]

Union Pacific Misses On Profit Following Port Gridlock

Union Pacific Corp the largest railroad in the U.S. posted sales and profit for the first quarter that missed estimates on Wall Street as the port congestion on the West Coast and slack demand for coal caused the number of carloads to decline. Earnings per share of $1.30 missed the estimate by Wall Street of […]

Strong U.S. Dollar Weakens Sales at DuPont

DuPont has topped forecasts for its first quarter earnings, but its sales dropped by 9% after being dragged down by the adverse impacts of currency from the strong U.S. dollar. The company makes and sells chemicals, seeds, and food ingredients across the globe. It reported per share earnings of $1.34, which beat estimates by analysts […]

McCormick Profit Drops, Results Beat Street

One Wednesday, McCormick & Co, the seasonings and spices maker reported profit during its first quarter that was down compared to last year, despite a growth in sales, hurt due to charges as well as shrinking margins amidst higher costs. However, both per share adjusted earnings and quarterly sales were higher than analysts’ projections. The […]

Barnes & Noble Tax Bill Take Bite Out of Profit

Quarterly profit at Barnes & Noble missed estimates by analysts as the chain of bookstores invested in its business specializing in college books prior to its spinoff and paid more in taxes. Barnes & Noble, which last month announced it would separate its college books business before August, saw its stock fall by 7.5% during […]

Target Reports Loss during Fourth Quarter

Target shoppers came through with strong sales for the discount retailer during the fourth quarter. However, earnings at the company dropped as it is preparing to end its business across Canada. Target posted a loss of $2.6 billion during the quarter ending January 31, equal to $4.10 per share from the impact of shuttering its […]

Waste Management Posts Earnings

Waste Management Inc on Tuesday posted its results for the 2014 fourth quarter as well as for the 2014 full year. Revenues for the company’s fourth quarter were $3.44 billion compared to $3.5 billion for the same period in 2013. Net income for the fourth quarter ended at $590 million equal to $1.28 per share, […]

Groupon Beats Revenue, Misses On Forecast for First Quarter

Groupon reported fiscal year and fourth quarter earnings for 2014 Thursday afternoon that beat expectations for both its revenue as well as earnings per share. The stock of the e-commerce company based in Chicago were down in trading after hours as the 2015 first quarter forecast missed expectations on Wall Street. Fourth quarter income at […]

WellCare Health Posts Downbeat Forecast

WellCare Health Plans posted earnings guidance for the full year on Wednesday that was downbeat, after a severe flu season that was unexpected dragged on its profit leading its earnings to fall 82% in the quarter that ended in December. The company said it expects earnings for the full year to be $3.15 to $3.40 […]

Santander Profit for the Quarter Increases by 68%

Banco Santander SA the largest lender in Spain said its profit increased 68% during the fourth quarter as fewer provisions were set aside for bad loans and the bank’s revenue grew. Net income was up to $1.7 billion or 1.46 billion euros during the quarter from the same quarter a year ago of 864 million […]

Chevron Cuts Spending As Profit Plummet

Chevron Corp has slashed its budget for drilling by more than at any time in the past 12 years. The company said it might delay some projects in shale as producers of energy across the globe hoard cash as well as curtail ambitions due to oil prices being in a free fall. Chevron targeted capital […]

JPMorgan Chases See Profit Unexpectedly Drop

JPMorgan Chase announced on Wednesday that its profit had dropped unexpected during a fourth quarter that was described as sluggish. The financial institute posted earnings that were down 7% to $4.9 billion equal to $1.19 per share compared to the same period one year ago when earnings were $5.6 billion equal to $1.30 per share. […]

Due to Hacking Issues, Sony Will Extend Holiday Sales for PS

Sony’s big flash and holiday sale at the PS store should be over by now. However, Sony announced that they are going to extend the sales since the PlayStation Network was down for some time, which may have caused a few gamers to miss the deals that were up and running. The holiday sales are […]

Profit at Home Depots Tops Estimates

Home Depot Inc the No. 1 chain of home improvement stores in the world reported a quarterly profit that was better than had been expected as the improving jobs market has encouraged Americans to spend additional monies on renovations. The company also reaffirmed its forecast for sales growth in 2014 of 4.8% and its forecast […]

Berkshire Sees Drop of 9% in Earnings

Berkshire Hathaway owned by Warren Buffett reported a drop of 9% in profit for the third quarter compared to the same reporting period one year ago, when large gains in investments were realized. On Friday, Berkshire said it had earned just over $4.62 billion equal to $2,811 a Class A share. That was down compared […]

Whole Foods Beats Wall Street on Quarterly Profit

Whole Foods Market, the upscale grocer reported quarterly profit that was better than had been expected, as the company increased market share as well as launched some new products. The stock of the largest natural and organic food supermarket chain in the U.S. were up 8.1% in trading after hours on Wednesday, as it gave […]

Sales of SUVs Help Earnings at BMW

BMW AG the luxury automaker based in Germany saw its net profit drop by 1.2% during the third quarter because of losses that were non-cash on hedges with foreign currency and the lower valued of its share in an important supplier. Otherwise, the company enjoyed a quarter that was profitable, riding sales that were strong […]

Shares of Exxon Up after Revenue and Profit Beat Street

Exxon Mobil Corp announced its earnings for the third quarter were up by 2.5% as higher margins on refining and more improvements at its marketing and refining segment helped to offset a lower production. Shares were up by 2% during trading before the bell on Friday as the results beat Wall Street estimates. Over the […]

Gilead Sales Double, Profit Triples

Gilead Sciences Inc the maker of Sovaldi the drug for hepatitis C said this week that its net profit for the third quarter had tripled, while overall product sales doubled. This was despite a drop in sales of Sovaldi as patients and their doctors awaited a combination pill that was recently approved. The company, which […]

Airline Profits Surge in Third Quarter

Airline stocks in the U.S. rose, extending one of the biggest rallies in the industry this year, after United Airlines and American Airlines led four air carriers in exceeding estimates for their quarterly profit. Alaska Air Group and Southwest Airlines also beat projections for earnings, as the airline industry was the beneficiary of strong passenger […]