Latest Earnings surprises News

WVa revenue collections surge again in November

Dec. 02, 2022 04:03 AM EST

CHARLESTON, W.Va. (AP) — West Virginia’s General Revenue collections last month were $112.7 million above estimates and 10.3% ahead of prior year receipts, Gov. Gov. Jim Justice said. Year-to-date record collections are $687.5 million above estimates, the governor said Thursday....

Asian shares gain after earnings-fueled rally on Wall Street

Nov. 22, 2022 23:29 PM EST

BANGKOK (AP) — Asian shares advanced on Wednesday after solid earnings pushed retailers higher on Wall Street ahead of the Thanksgiving holiday in the U.S. Benchmarks rose in Hong Kong, Seoul and Sydney but fell in Shanghai. Markets were closed in Japan for a holiday. ...

How major US stock indexes fared Tuesday 11/22/2022

Nov. 22, 2022 17:00 PM EST

Stocks rose on Wall Street and solid earnings helped jolt retailers higher ahead of the Thanksgiving holiday in the U.S. Financial and technology companies gained ground Tuesday. Energy stocks rose along with oil prices. Best Buy soared more than 12% after the...

Best Buy, Agilent rise; Zoom Video, Dollar Tree fall

Nov. 22, 2022 16:33 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Best Buy Co., up $9.05 to $79.88. The electronics retailer beat Wall Street's third-quarter earnings and revenue forecasts. Dell Technologies Inc., up $2.78 to $43.85....

Best Buy's outlook on sales improves ahead of the holidays

Nov. 22, 2022 10:00 AM EST

NEW YORK (AP) — Best Buy's profit and sales slipped in the third quarter on weakening demand for electronic gadgets, but it beat expectations and the retailer said a downturn in comparable stores sales this year will not be as bad as it had expected. Shares jumped more than 8% at...

Macy's, Kohl's, Gap point to cloudy holiday retail picture

Nov. 17, 2022 17:59 PM EST

NEW YORK (AP) — Results from Macy's, Kohl's and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season. A day after Target reported a sharp drop in quarterly profits, it's clear that inflation-hit shoppers in the last...

Bowlero, PTC fall; Cisco, Bath & Body Works rise

Nov. 17, 2022 16:19 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Cisco Systems Inc., up $2.20 to $46.59. The seller of routers, switches, software and services reported strong third-quarter financial results. Kulicke and Soffa...

Alibaba posts loss, slower revenue amid lower consumption

Nov. 17, 2022 09:25 AM EST

HONG KONG (AP) — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. The company reported net losses of 20.6 billion yuan ($2.87...

Target's 3Q profit drops 52% as shoppers force price cuts

Nov. 16, 2022 15:10 PM EST

NEW YORK (AP) — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target down 52% after it was forced to slash prices with Americans feeling the squeeze of inflation. The Minneapolis retailer...

Walmart, Energizer rise; Bird Global, Getty Images fall

Nov. 15, 2022 16:19 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Walmart Inc., up $9.05 to $147.44. The retailer reported strong third-quarter financial results and raised its profit forecast for the year. Home Depot Inc., up $5.01...