Latest Earnings outlook News

Germany's Daimler lowers 2018 outlook, cites tariffs, diesel

Jun. 21, 2018 3:42 AM EDT

BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S. vehicles in China. The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than previously...

Etsy raises fees and revenue outlook, shares soar

Jun. 14, 2018 4:46 PM EDT

BROOKLYN, N.Y. (AP) — Etsy's stock soared on Thursday after the online crafts company announced an increase in fees and boosted its revenue outlook for the year. The Brooklyn company that the transaction fee charged when a person or business makes a sale will rise from 3.5 percent, to 5 percent. It will...

Michael Kors reports 4Q profit, but outlook disappoints

May. 30, 2018 9:28 AM EDT

NEW YORK (AP) — Michael Kors Holdings Ltd. swung to a fiscal fourth-quarter profit on a boost in sales, but a cautious outlook for the year disappointed Wall Street. Like many high-end retailers, Kors has been trying to overhaul its business as shoppers shift many of their purchases online, where there's...

Macy's sees robust mobile, online sales as profits soar

May. 16, 2018 6:54 PM EDT

NEW YORK (AP) — With shoppers in a mood to spend, particularly on clothing, Macy's surpassed profit and revenue expectations for the first quarter of the year and raised its outlook. The company reported its second straight quarter of higher sales at existing stores after a three-year funk. Its shares...