Latest Earnings estimates News

Macy's raises annual profit outlook on strong Q1 results

May. 26, 2022 12:01 PM EDT

NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans' budgets. The performance, announced Thursday, was among the...

Best Buy lowers outlook as Q1 results show inflation's bite

May. 24, 2022 19:20 PM EDT

NEW YORK (AP) — Best Buy Co. posted first-quarter results Tuesday that showed shoppers pulled back on spending, while higher costs ate into profits. The nation's largest consumer electronics chain also cut its annual outlook, noting a deteriorating macro economic environment. ...

Snap, Nautilus fall; Nordson, Insulet rise

May. 24, 2022 16:37 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Best Buy Co., up 88 cents to $73.47. The nation’s largest consumer electronics chain reported strong first-quarter revenue. Nautilus Inc., down 48 cents to $2.03. ...

Kohl's cuts annual forecast, as it gets stung with inflation

May. 19, 2022 14:33 PM EDT

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts'...

Target, Lowe's fall; TJX, Agilysys rise

May. 18, 2022 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $53.67 to $161.61. The retailer's first-quarter profits were squeezed by higher costs amid persistently rising inflation. Lowe's Companies Inc.,...

Walmart Q1 profit dragged down as inflation takes a bite

May. 17, 2022 11:20 AM EDT

NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its...

Home Depot overcomes slow start to year, rising home prices

May. 17, 2022 07:04 AM EDT

Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research. ...

Tesla, Occidental rise; New Relic, Merck fall

May. 13, 2022 16:29 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Motorola Solutions Inc., up $13.75 to $215.29. The communications equipment maker's first-quarter profit and revenue beat Wall Street forecasts. Tesla Inc., up $41.59...

Beyond Meat shares tumble on disappointing Q1

May. 11, 2022 22:59 PM EDT

Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell. The El Segundo, California, company said its revenue rose 1.2% to $109.5 million in the January-March period. Wall Street had forecast...

Walt Disney Co. Q2 results fall short but subscribers grow

May. 11, 2022 19:08 PM EDT

BURBANK, Calif. (AP) — The Walt Disney Co. missed Wall Street's expectations for its fiscal second quarter, dinged by over $1 billion it paid in early termination fees for TV shows and films it wanted to use on its own streaming service, Disney+. The company remains in the...