Latest Earnings estimates News
Rite Aid tops Street 2Q expectations, revises forecast
Rite Aid topped Wall Street expectations for the fiscal second quarter and gave a revised annual forecast, one quarter after withdrawing it due to COVID-19 uncertainty. The drugstore chain said Thursday that its quarterly loss shrank to $13.2 million from $79.3 million in the previous year’s quarter. An...
Crocs, Zumiez rise; Dave & Buster's, Nikola fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Oracle Corp., down 33 cents to $57. The software maker reported surprisingly good fiscal first-quarter earnings and gave investors an encouraging profit forecast. Peloton Interactive Inc., down $3.71 to $84.04. A surge in...
Workday, Nutanix rise; Ollie's, Big Lots fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday: Workday, Inc., up $27.25 to $243.88. The business software company raised its subscription revenue forecast after beating Wall Street's second-quarter earnings expectations. Dell Technologies Inc., up $3.78 to $66.21. The laptop...
Abbott, Abercrombie & Fitch rise; Coty, Greif fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: NetApp Inc., up $1.70 to $43.91. The data storage company handily beat Wall Street's fiscal first-quarter profit and revenue forecasts. Builders FirstSource Inc., up $2.33 to $30.24. The building materials company is buying North...
Salesforce, Anaplan rise; Nordstrom, Pure Storage fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Hewlett Packard Enterprise Co., up 34 cents to $9.67. The information technology company beat analysts' fiscal third-quarter profit and revenue forecasts. Pure Storage Inc., down $1.70 to $15.05. The data storage company warned...
No sweat: Dick's crushes 2Q as consumers focus on fitness
At home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods. The retailer's second-quarter results easily beat Wall Street's expectations as consumers continue to focus on health and wellness while stuck at home amid the coronavirus pandemic. While many consumers...
Nordstrom's 2Q sales down 53% hurt by pandemic fallout
NEW YORK (AP) — Nordstrom Inc. on Tuesday reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close its stores. The Seattle-based retailer's business was also hurt by the shift of its...
Best Buy's 2Q online sales surge but challenges remain
NEW YORK (AP) — Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during the pandemic. Overall, the nation's largest consumer electronics chain, based in Richfield,...
Spring in their step: Wall St. bullish as 2Q profits plunge
NEW YORK (AP) — Earnings for big U.S. companies were historically bad last quarter — and yet still much better than expected. CEOs across the country are almost finished telling investors how their companies fared from April through June, when pandemic-related shutdowns pummeled the economy into...
DIY projects ramp up in pandemic, and so do sales at Lowe's
Home improvement retailer Lowe's Cos. became the latest big box retailer to report surging sales during the fiscal second quarter as Americans are finding more ways to improve their home during the pandemic. Comparable store sales in the U.S. spiked 35.1% at Lowe's, and online orders more than doubled. The...
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