Latest Earnings reports News

Cisco, BJ's Wholesale rise; Kohl's, Amcor fall

Aug. 18, 2022 16:29 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Cisco Systems Inc., up $2.71 to $49.37. The seller of routers, switches and software reported strong fiscal fourth-quarter financial results. Keysight Technologies Inc., up $10.07 to...

Target, Krispy Kreme fall; Hill International, Lowe's rise

Aug. 17, 2022 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $4.85 to $175.34. The retailer's second-quarter profit fell far short of Wall Street forecasts as it slashed prices to clear unwanted inventories of clothing,...

Target takes a hit after heavy discounts to clear inventory

Aug. 17, 2022 09:59 AM EDT

NEW YORK (AP) — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics. In early June, Target warned that it was canceling orders from...

Hot dogs vs deli meat; rising costs shape choices at Walmart

Aug. 16, 2022 18:59 PM EDT

NEW YORK (AP) — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the...

Walmart, Home Depot rise; Lumentum, ZipRecruiter fall

Aug. 16, 2022 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Walmart Inc., up $6.77 to $139.37. The nation's largest retailer raised its profit forecast for the year after reporting strong second-quarter financial results. Home...

Maryland gambling revenue sets new record in fiscal year

Aug. 15, 2022 14:15 PM EDT

ANNAPOLIS, Md. (AP) — Maryland raised a record $1.5 billion for the state from gambling revenue in the last fiscal year, the lottery announced Monday. The new all-time state record includes money raised by the lottery, the state's six casinos, sports betting and fantasy sports...

This Week: Walmart earns, Fed meeting minutes, US home sales

Aug. 15, 2022 03:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SPOTLIGHT ON WALMART Wall Street expects another mixed quarterly report card from Walmart. Analysts predict the nation’s largest retailer will report on Tuesday that...

Best Buy trims jobs after it cuts sales and profit outlook

Aug. 12, 2022 15:28 PM EDT

NEW YORK (AP) — Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in consumer behavior as the virus wanes. Best Buy declined to say how many jobs it was cutting, but The Wall Street Journal, which was first to report...

China's Huawei says sales down but new ventures growing

Aug. 12, 2022 04:08 AM EDT

BEIJING (AP) — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Revenue fell 5.9% from a year earlier to 301.6 billion yuan ($44.8...

How major US stock indexes fared Thursday 8/11/2022

Aug. 11, 2022 16:30 PM EDT

An afternoon pullback left stock indexes on Wall Street mixed Thursday, erasing most of their morning gains fueled by another encouraging report about inflation. The S&P 500 closed 0.1% lower. The Nasdaq also fell, while the Dow Jones Industrial Average rose slightly. Investors weighed new data...