Latest Earnings reports News

Parts shortage forces Ford to cut its 3Q earnings forecast

Sep. 19, 2022 19:28 PM EDT

DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford's most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast. Ford said Monday that it expects to have 40,000 to 45,000 unfinished...

This Week: Housing starts, Fed policy update, FedEx earns

Sep. 19, 2022 03:18 AM EDT

A look at some of the key business events and economic indicators upcoming this week: TRACKING RESIDENTIAL CONSTRUCTION New government data on residential construction should provide insight into the state of the new-home market. The Commerce Department...

How major US stock indexes fared Thursday 9/15/2022

Sep. 15, 2022 16:29 PM EDT

Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1% on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday. Railroad...

Kroger, RH rise; National Beverage, Smith & Wesson fall

Sep. 09, 2022 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Zscaler Inc., up $33.75 to $188. The cloud-based information security provider gave investors an encouraging profit forecast. DocuSign Inc., up $6.09 to $64.04. ...

This Week: Trade gap, consumer borrowing, Kroger earns

Sep. 05, 2022 06:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: OUT OF BALANCE The Commerce Department delivers its monthly snapshot of the nation’s trade gap Wednesday. The gap between the value of goods and services the U.S....

Americans splurge on beauty, despite pullbacks elsewhere

Sep. 04, 2022 12:18 PM EDT

NEW YORK (AP) — Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices. But the 26-year-old social worker of Portland, Oregon,...

Nvidia, Hormel fall; Nutanix, Forma Therapeutics rise

Sep. 01, 2022 16:24 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Nvidia Inc., down $11.57 to $139.37. The chipmaker said a new product might be delayed due to new U.S. government restrictions on exporting certain technology to China. ...

Best Buy Q2 results fall amid softening demand for gadgets

Aug. 30, 2022 22:42 PM EDT

NEW YORK (AP) — Best Buy posted lower fiscal second-quarter profits and sales as the nation's largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain. But the results, announced on Tuesday, were...

Doggone inflation takes a bite out of Chewy's 2Q sales

Aug. 30, 2022 19:25 PM EDT

NEW YORK (AP) — Online pet retailer Chewy Inc. on Tuesday reported a sales shortfall for its fiscal second quarter, a sign that even spending on dog treats and other pet accessories has fallen victim to inflation. The company based in Dania Beach, Florida, also issued sales...

How major US stock indexes fared Tuesday 8/30/2022

Aug. 30, 2022 16:25 PM EDT

Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the Nasdaq also fell....