Latest Earnings estimates News

Stocks close slightly lower after choppy day on Wall Street

Oct. 14, 2019 5:47 PM EDT

Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start to the week for the market after its first weekly gain in a month. Losses in consumer goods makers, utilities and technology stocks helped outweigh gains in banks and real estate companies. A 2% drop in crude oil prices...

Record passenger traffic over the summer boosts Delta profit

Oct. 10, 2019 1:02 PM EDT

DALLAS (AP) — Delta Air Lines set records for passengers and revenue over the summer and benefitted from cheaper jet fuel, boosting its third-quarter profit 13% to $1.5 billion. However, Delta offered a cautious fourth-quarter forecast that fell short of Wall Street expectations, and the airline's shares...

Levi Strauss's 3Q profits drop 4.1%

Oct. 8, 2019 7:09 PM EDT

NEW YORK (AP) — Levi Strauss & Co. reported a 4.1% drop in third-quarter profits on Tuesday as the denim giant wrestles with a weak business at its wholesale accounts in the U.S. The earnings report comes eight months after Levi's returned to the stock market amid increasing competition and a changing...

Stocks climb as markets cap turbulent quarter with calm end

Sep. 30, 2019 5:40 PM EDT

NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerged from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday....

FedEx shares tumbles after company lowers full-year outlook

Sep. 18, 2019 2:11 PM EDT

NEW YORK (AP) — FedEx shares tumbled after the delivery giant blamed slowing economic growth and trade tension for a disappointing quarter and cut its forecast of full-year earnings. Shares were down $23.67, or 13.7%, to $149.63 in afternoon trading Wednesday. That's the stock's worst one-day percentage...

FedEx profit falls, company cites uncertainty over trade

Sep. 17, 2019 7:49 PM EDT

DALLAS (AP) — Profit at FedEx fell 11% in its fiscal first quarter, as the package delivery company was buffeted by slower economic growth and the loss of business from retail giant Amazon. The results fell short of Wall Street expectations, and the company lowered its forecast for earnings through next...

Dollar General, Guess rise; Abercrombie, Best Buy fall

Aug. 29, 2019 4:25 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Best Buy Co., down $5.51 to $63.49 The nation's largest consumer electronics chain gave a muted outlook as the trade war with China escalates. Abercrombie & Fitch Co., down $2.57 to $14.45 The teen clothing retailer lowered...

Best Buy 2Q profit beats estimates, but revenue misses

Aug. 29, 2019 2:44 PM EDT

NEW YORK (AP) — Best Buy Co. reported a sales shortfall for the fiscal second quarter and trimmed its annual sales forecast, blaming uncertainty surrounding an escalating trade war with China heading into the holiday shopping season. Shares of the retailer fell 8% in afternoon trading Thursday. "It is...

Asian markets sink after Wall Street recovery

Aug. 29, 2019 12:31 AM EDT

BEIJING (AP) — Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. Market benchmarks in Shanghai, Tokyo and Hong Kong declined. Investors were looking for news about the outlook for U.S.-Chinese trade negotiations following confusion over...

Tiffany, Syneos Health rise while Autodesk, Movado fall

Aug. 28, 2019 4:31 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Autodesk Inc., down $10.13 to $140.08 The software company slashed its full-year profit and revenue forecasts. Tiffany & Co., up $2.50 to $85.17 The luxury jeweler posted results that beat analysts' expectations and...