Latest Earnings reports News

FedEx profit rises on increase in volume, shipping rates

Jun. 19, 2018 7:40 PM EDT

Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith said Tuesday that he is optimistic that the package-delivery company will increase its earnings and profit margins. On a conference...

This Week: Oracle results; May home sales; Philly Fed survey

Jun. 18, 2018 1:01 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SEEKING OUT THE ORACLE Silicon Valley software giant Oracle will report its fourth-quarter results on Tuesday. Oracle makes database-intensive software platforms for large companies, and is the second-largest software developer...

This Week: Adobe, Dave & Buster's results; Fed meeting

Jun. 11, 2018 1:01 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Dave & Buster's Restaurant and arcade chain Dave & Buster's Entertainment reports its first-quarter earnings on Monday. In April it reported higher earnings and sales for its last fiscal year, which ended Feb. 4. Wall...

Markets Right Now: Stocks shrug off bumpy start, end higher

Jun. 8, 2018 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks shook off a bumpy start and ended modestly higher on Wall Street, led by gains in health care companies and makers of consumer goods. Vertex Pharmaceuticals rose 3.3 percent Friday and Procter & Gamble rose...

Sales rise sharply at Brown-Forman in 4Q but profit down

Jun. 6, 2018 4:29 PM EDT

LOUISVILLE, Ky. (AP) — Brown-Forman Corp. on Wednesday reported yearlong net sales growth across its spirits lineup — including its flagship Jack Daniel's Tennessee Whiskey brand — but said fourth-quarter earnings declined due to costs associated with the creation of a charitable foundation...

Big 12 reports $365M revenue, increases for 12th year in row

Jun. 1, 2018 3:12 PM EDT

IRVING, Texas (AP) — The Big 12 Conference had another record revenue year, and the money is expected to keep increasing in the near future. In wrapping up its spring meetings Friday, the league announced revenue of nearly $365 million for the 2017-18 academic year. That is the 12th consecutive increase...

Kansas tax collections $108M more than anticipated in May

Jun. 1, 2018 2:02 PM EDT

TOPEKA, Kan. (AP) — Kansas is reporting that it collected $108 million more than expected in May to give the state a full year's worth of monthly revenue surpluses. The state Department of Revenue on Friday attributed the surge's size to last-minute income tax payments in mid-April not being processed...

Costco quarterly profit up 7 percent as warehouse sales grow

May. 31, 2018 8:02 PM EDT

ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. said strong sales growth helped its fiscal third-quarter profit grow 7 percent. The company also Thursday said it plans to use some of its savings from recent corporate tax cuts to provide raises to its U.S. employees. Starting June 11, starting wages at Costco...

Sears to close dozens more stores as sales plunge

May. 31, 2018 6:22 PM EDT

NEW YORK (AP) — Sears will close dozens more stores as sales shrink and losses grow, an announcement that has become a familiar refrain as the company retrenches. The beleaguered retailer, which operates Kmart and Sears stores, said it has identified about 100 stores that are no longer turning a profit,...

Dollar Tree 1Q profit falls on costs, inclement weather

May. 31, 2018 9:01 AM EDT

NEW YORK (AP) — Dollar Tree reported a drop in first-quarter profit as it faced higher freight costs and inclement weather weighed down sales. The discount retailer also reported weak sales in existing stores and trimmed its full-year guidance. Shares fell 8 percent before the opening bell. Profit declined...