Latest Earnings outlook News

Nordstrom 2Q earnings jump 47 percent as sales grow

Aug. 16, 2018 5:49 PM EDT

SEATTLE (AP) — Upscale department store chain Nordstrom Inc. reported a 47 percent jump in second-quarter earnings on solid sales growth, and it raised its profit outlook for the year. The Seattle-based company said Thursday it earned $162 million, or 95 cents per share, in the quarter that ended Aug. 4....

Toyota logs record 1Q profit, cuts full year sales outlook

Aug. 3, 2018 5:30 AM EDT

TOKYO (AP) — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Friday that its quarterly profit jumped 7.2 percent to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the U.S. and other overseas markets. The maker of the Camry sedan, Prius...

Caesars Entertainment stock tumbles on Las Vegas outlook

Aug. 1, 2018 6:51 PM EDT

LAS VEGAS (AP) — Caesars Entertainment's stock fell sharply Wednesday after the casino titan said it expects weak results in the current quarter because of fewer scheduled events and lower room rates in Las Vegas. Caesars reported second-quarter net income of $29 million, after reporting a loss in the same...

Tariffs force some automakers to dim earnings outlook

Jul. 25, 2018 7:40 PM EDT

A Trump administration-led trade war with China and U.S. tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting General Motors to slash its outlook and, among other factors, cutting into Ford Motor Co.'s earnings. GM cited "recent and significant increases in commodity costs" for...