Latest Earnings estimates News

Best Buy warns of higher prices for shoppers due to tariffs

May. 23, 2019 12:10 PM EDT

NEW YORK (AP) — Best Buy's outgoing CEO warned Thursday that U.S. shoppers will likely see prices rise if the next round of tariffs on Chinese goods happens. CEO Hubert Joly said the electronics chain has been able to avoid price hikes on most of its products with a few exceptions, like washing machines....

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Target's online game is on target

May. 22, 2019 5:23 PM EDT

NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of comparable sales...

Target soars while Qualcomm plunges

May. 22, 2019 4:26 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56 The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts. Lowe's Cos., down $13.16 to $97.94 The home improvement retailer cut its profit...

Department stores woes reflected in latest batch of results

May. 21, 2019 5:45 PM EDT

NEW YORK (AP) — The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl's and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous...

Nordstrom's sales funk worsens in fiscal 1Q

May. 21, 2019 5:15 PM EDT

NEW YORK (AP) — Nordstrom's holiday shopping season malaise carried over into the first months of the year. The upscale department store chain reported fiscal first-quarter profit Tuesday that missed Wall Street analysts' expectations. It also cut its annual sales forecast and its stock tumbled. "While we...

AutoZone, Qualcomm rise; Kohl's, J.C. Penney fall

May. 21, 2019 4:39 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Kohl's Corp., down $7.76 to $55.15 The department store operator's first quarter results and its profit forecast for the year fell short of forecasts. J.C. Penney Co., down 8 cents to $1.07 The retailer's first quarter sales fell...

Markets Right Now: Stocks closing lower Friday

May. 17, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks ended the day lower on Wall Street Friday and notched their second-straight weekly loss as investors were whipsawed by contradictory reports on the Trump administration's array of trade fights. Technology...

Walmart and Cisco rise while Virtusa and Farfetch stumble

May. 16, 2019 5:56 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Walmart Inc., up $1.43 to $101.31 A key sales measure at the world's largest retailer surged past Wall Street forecasts. Iovance Biotherapeutics Inc., up $4.05 to $15.28 The biotechnology company gave investors a solid update on...

Walmart warns that higher tariffs will mean higher prices

May. 16, 2019 4:04 PM EDT

NEW YORK (AP) — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation's largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight...