Tiffany posts mixed results in fourth quarter

Business 03/22/19, 08:09

Tiffany & Co. on Friday posted mixed results for the holiday season, with profit meeting estimates but revenue falling short. Shares of the company slipped 4 percent in premarket trading.The company reported fiscal fourth-quarter net income of $204.5 million. On a per-share basis, the New York-based company said it had ...

Darden Restaurants shares rise on 3Q earnings

Business 03/21/19, 09:10

Shares in Darden Restaurants jumped on Thursday after the company raised its outlook and posted earnings and revenue that beat Wall Street estimates.The owner of Olive Garden and other chain restaurants reported fiscal third-quarter profit of $223.6 million, beating expectations and the $217.8 million in profits for the same quarter ...

FedEx profit falls, CEO calls the results disappointing

Business 03/19/19, 18:23

Shares of FedEx fell in after-hours trading after the package-delivery giant reported lower profit.Chairman and CEO Fred Smith said Tuesday the results were below expectations but that investments in infrastructure and automation will help in the long run.Memphis, Tennessee-based FedEx said it earned $739 million in its fiscal third quarter, ...

Etihad Airways loses $1.28B in 2018 in third year of losses

Business 03/14/19, 05:19

Abu Dhabi's Etihad Airways said Thursday it lost $1.28 billion in 2018, the third-straight year the government-owned long-haul carrier has lost over a billion dollars. Since 2016, Etihad has lost a total of $4.75 billion as its strategy of aggressively buying stakes in airlines from Europe to Australia to compete against ...

Kroger shares plummet on weak Q4 sales, profits

Business 03/07/19, 15:30

Kroger's costly modernization plan may eventually help it compete with retailers like Walmart. But in the meantime, it's a big drag on profits.The supermarket chain's shares fell sharply Thursday after it reported weaker-than-expected fourth quarter earnings and disappointing guidance for 2019.At issue is its three-year Restock Kroger initiative, which aims ...

Markets Right Now: Wall Street heads for a 4th straight loss

Europe 03/07/19, 11:52

The latest on developments in financial markets (all times local):11:45 a.m.Major indexes are moving lower on Wall Street, putting the market on track for its fourth straight loss and its first losing week since January.Banks and technology companies had some of the biggest losses Thursday. Bank of America and Nvidia ...

Lowe’s swings to 4Q loss on charges, anemic housing market

Business 02/27/19, 07:16

Lowe's swung to a loss in its fourth quarter, weighed down by sizeable one-time charges and a lethargic housing market.The home improvement company lost $824 million, or $1.03 per share, for the period ended Feb. 1. That includes $1.6 billion in charges, most from a $952 million goodwill impairment charge. ...

Home Depot sales cool along with real estate market

Business 02/26/19, 06:40

Home Depot's fourth-quarter profit is short of expectations with rising real estate prices cooling home sales.Shares fell 2.6 percent Tuesday before the opening bell.The home improvement retailer earned $2.34 billion, or $2.09 per share, far short of the per-share earnings of $2.22 Wall Street was looking for, according to a ...

US stocks rise in early trading on mixed company earnings

Business 02/22/19, 10:19

Technology and energy companies led U.S. stocks modestly higher in early trading Friday, erasing some of the market's losses from a day earlier, as investors weighed a mixed batch of corporate earnings reports. Wayfair vaulted higher after reporting quarterly results that topped Wall Street's forecasts. Kraft Heinz plunged after disclosing a ...

Markets Right Now: US stocks edge higher, extending gains

Business 02/20/19, 12:04

The latest on developments in financial markets (all times local):11:45 a.m.Stocks are edging higher in midday trading, extending modest gains from a day earlier, as investors reviewed the latest batch of company earnings reports.Gains in technology, materials and energy companies Wednesday outweighed losses in health care and real estate stocks.Garmin, ...

CVS Health beats 4Q expectations, 2019 forecast falls short

Business 02/20/19, 07:18

CVS Health is topping fourth-quarter earnings forecasts, but the annual outlook from the nation's second-largest drugstore chain is far short of Wall Street expectations.The company said Wednesday that it expects adjusted earnings to range between $6.68 and $6.88 this year. FactSet says analysts expect earnings of $7.35 per share.In the ...

Budget carrier FlyDubai ends 2018 with $43.5M loss

Business 02/20/19, 04:41

Dubai's government-owned budget carrier FlyDubai said Wednesday its revenues increased to $1.7 billion in 2018, though the airline ended the year with a loss of $43.5 million.The airline that flies out of both Dubai International Airport and Dubai World Central's Al Maktoum International Airport blamed fuel costs, rising interest rates ...

US stocks mixed ahead of more China-US trade talks

Business 02/19/19, 10:21

Stocks edged between small gains and losses in early trading on Wall Street Tuesday as U.S. markets reopened following the Presidents Day holiday and as investors sized up the latest company earnings reports.Losses in financial, industrial and technology stocks outweighed gains in consumer goods and communications companies.Investors are keeping a ...

Walmart tops 4Q expectations all around

Business 02/19/19, 07:24

Walmart is beating expectations on profit and revenue, and e-commerce sales surged during the fourth quarter.Shares moved sharply higher before the opening bell Tuesday.The company had a fourth-quarter profit of $3.69 billion, or $1.27 per share. Earnings, removing one-time items, were $1.41 per share, which is 8 cents better than ...

Trade talk optimism pushes stocks higher in early trading

Business 02/15/19, 10:35

Plans to extend key trade talks between the U.S. and China drove stocks broadly higher in early trading.The early gains mark a turnaround after the market ended lower Thursday following a disappointing holiday sales report. The S&P 500 index had risen the prior four trading days.China's government said negotiators plan ...

PepsiCo moves to profit in 4Q, sees tax benefit

Business 02/15/19, 08:30

PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened.Shares rose 2.4 percent before the market open on Friday.The food and beverage company recorded a $5.3 billion tax benefit in the quarter, which included ...

Global stocks rise as US averts government shutdown

Business 02/12/19, 10:20

U.S. stocks gained in early trading Tuesday after U.S. lawmakers reached a deal to avoid another partial government shutdown and as the U.S. and China engage in another round of trade talks. The agreement on border security involves far less money for a wall than the White House wants and it's ...

Nissan’s profit drops amid former chair Ghosn’s arrest

Business 02/12/19, 05:26

Nissan said Tuesday that its third quarter profit plunged to about a quarter of the previous year's, partly due to special charges related to alleged false financial reporting by its former chairman, Carlos Ghosn.The main factor behind the sharp weakening in profit, however, was the absence of a lift from ...

Mattel, Hasbro results show diverging post-Toys R Us paths

Hockey 02/08/19, 13:33

Quarterly reports from Mattel and Hasbro show that while the demise of Toys R Us has shaken up the industry, the two dominant toymakers' paths are diverging less than a year later.Late Thursday, Mattel posted better-than-expected earnings per share and revenue for the key holiday quarter, sending its shares up ...

S&P 500 set for another down week as January’s rally fizzles

Business 02/08/19, 10:30

U.S. stocks dipped in early trading Friday to join a worldwide drift lower as concerns remain high about global trade and the strength of the economy. The S&P 500 is on pace to close out its second down week in the last three, as investors hit pause following a tumultuous two ...

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