Latest Earnings estimates News

Gap's 2Q profits fall, reflecting chain still mired in slump

Aug. 22, 2019 6:53 PM EDT

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright spot. The...

US stock indexes end mixed ahead of Fed chairman speech

Aug. 22, 2019 5:14 PM EDT

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the...

Markets Right Now: After a day of wavering, stocks end lower

Aug. 22, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two...

Corporate profits slump again in 2Q

Aug. 22, 2019 10:29 AM EDT

Corporate profits fell for a second straight quarter in the spring as the effect of last year's tax cut wore off and companies contended with uncertainty from the Trump administration's trade wars. As the second quarter earnings season winds down, companies in the S&P 500 index are on track to notch the first...

Markets Right Now: Big gains by retailers lead stocks higher

Aug. 21, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street as investors applauded encouraging quarterly results from major retailers. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's...

Ellison's home improvement at Lowe's is paying off

Aug. 21, 2019 2:57 PM EDT

Lowe's blew past second quarter profit expectations, buoyed by strong demand for spring goods and sales to contractors. Even though the home improvement retailer wrestled with lower lumber prices and rough spring weather, CEO Marvin Ellison said Lowe's saw growth in same-store sales across the U.S. "Our...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Execs starting to worry about tariffs' effects on consumers

Aug. 20, 2019 4:38 PM EDT

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported...

Asian stocks follow Wall Street lower on trade war jitters

Aug. 13, 2019 12:22 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all retreated. Investor anxiety has been fed by President Donald Trump's threat of new U.S....

Asian shares rise following broad rally for US stocks

Aug. 8, 2019 10:56 PM EDT

TOKYO (AP) — Asian shares rose Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. Japan's benchmark Nikkei 225 added nearly 0.6% in morning trading to 20,706.95. Australia's S&P/ASX 200 gained 0.2% to...