Latest Earnings reports News

Asian shares mixed after S&P 500 touches all-time high

Aug. 21, 2018 11:37 PM EDT

TOKYO (AP) — Asian shares were mixed Wednesday, as some markets were cheered by bullish sentiments on Wall Street despite concerns about U.S. trade disputes with China. KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.5 percent in morning trading to 22,321.14. Australia's S&P/ASX 200 lost 0.4...

Kohl's puts up big 2Q numbers, raises profit outlook

Aug. 21, 2018 5:57 PM EDT

MENOMONEE FALLS, Wis. (AP) — Kohl's breezed past Wall Street's second-quarter profit and revenue expectations and raised its profit outlook for the year. Investors at first punished the stock but grew more optimistic as the day went on, pushing up the company's shares nearly 2 percent Tuesday. Like many...

TJX reports better-than-expected sales, profit in 2Q

Aug. 21, 2018 4:41 PM EDT

FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Tuesday reported fiscal second-quarter net income of $739.6 million. On a per-share basis, the Framingham, Massachusetts-based company said it had profit of $1.17. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by...

Trump asks SEC to consider ending required quarterly reports

Aug. 17, 2018 4:21 PM EDT

WASHINGTON (AP) — President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking...

Markets Right Now: Stocks shake off wobbly start, end higher

Aug. 17, 2018 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market shook off a wobbly start and ended broadly higher on hopes that China and the U.S. were making progress on resolving their trade dispute. Industrial and health care companies posted some of the...

World's biggest shipping company cautions on trade tensions

Aug. 17, 2018 4:52 AM EDT

COPENHAGEN, Denmark (AP) — Danish shipping group A.P. Moller-Maersk says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid U.S. sanctions on major economies. Second-quarter revenue grew 24 percent to $9.5 billion, leading to a $26-million profit,...

Walmart sees sales rise at stores and online, raises outlook

Aug. 16, 2018 7:00 PM EDT

NEW YORK (AP) — Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent. The upbeat report indicates that Walmart's...

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....

Penney posts bigger-than-expected loss, cuts outlook

Aug. 16, 2018 10:17 AM EDT

NEW YORK (AP) — J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street's view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday,...

World cup sales, warm weather push up Carlsberg beer sales

Aug. 16, 2018 4:31 AM EDT

COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says its second-quarter sales were above expectations thanks to the World Cup and warm weather, allowing the Copenhagen-based company to raise its full-year outlook. Carlsberg said Thursday that its reported net profit for the second half of 2018 was 2.47...