Latest Earnings reports News

Tiffany posts mixed results in fourth quarter

Mar. 22, 2019 11:36 AM EDT

NEW YORK (AP) — Tiffany & Co. on Friday posted mixed results for the holiday season, with profit meeting estimates but revenue falling short because of low spending by Chinese tourists. "Softer trends in the second half of the year reflected, in part, what we believe were external challenges and...

Darden Restaurants shares rise on 3Q earnings

Mar. 21, 2019 1:53 PM EDT

ORLANDO, Fla. (AP) — Shares in Darden Restaurants jumped on Thursday after the company raised its outlook and posted earnings and revenue that beat Wall Street estimates. The owner of Olive Garden and other chain restaurants reported fiscal third-quarter profit of $223.6 million, beating expectations and...

General Mills fiscal 3Q results top forecasts

Mar. 20, 2019 7:46 AM EDT

MINNEAPOLIS (AP) — General Mills Inc. shares rallied in early trading Wednesday after the food company posted better-than-expected results and raised its guidance. The company reported a fiscal third-quarter profit of $446.8 million, or 74 cents per share. Earnings, adjusted for one-time gains and costs,...

Asian markets trend lower, tracking Wall St losses

Mar. 20, 2019 12:11 AM EDT

BANGKOK (AP) — Markets in Asia are mostly lower after a lackluster day of trading on Wall Street. Mixed signals on the progress of China-U.S. trade talks also revived caution in Chinese markets. The Shanghai Composite lost 1 percent to 3,059.17 in early trading Wednesday and Hong Kong's Hang Seng fell 0.5...

FedEx profit falls, CEO calls the results disappointing

Mar. 19, 2019 7:54 PM EDT

MEMPHIS, Tenn. (AP) — FedEx Corp. reported lower profit Tuesday as its ground-shipping unit struggled with higher costs, and the company cut its forecast of full-year earnings. Its shares fell more than 5 percent in after-hours trading. "Our third quarter financial results were below our expectations and...

DSW posts surprise 4Q loss, will rename co. Designer Brands

Mar. 19, 2019 2:35 PM EDT

NEW YORK (AP) — Shoe chain DSW Inc. on Tuesday reported a surprise loss for its fiscal fourth quarter as it digested costs from acquisitions. DSW, based in Columbus, Ohio, also offered a disappointing earnings forecast for the current year, which drove shares down more than 13 percent. The results come as...

Prada's revenues buoyed by refined digital strategy

Mar. 15, 2019 1:46 PM EDT

MILAN (AP) — The Prada fashion group says its revenues grew by 6 percent last year as the company honed its social media strategy to draw in customers. Prada on Friday reported 2018 revenues of 3.1 billion euros ($3.5 billion), compared with 3 billion euros the previous year. Underlining the success of...

Facebook, Dollar General slump while MongoDB rallies

Mar. 14, 2019 4:25 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Facebook Inc., down $3.20 to $170.17 The company's data-sharing practices are under criminal investigation, according to media reports. Tailored Brands Inc., down $2.94 to $8.75 The owner of Men's Wearhouse gave investors a...

Markets Right Now: Stocks end a wobbly day mostly lower

Mar. 14, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended a wobbly day of trading mostly lower on Wall Street as a three-day winning streak stalled. Facebook led losses among communications companies Thursday with a 1.8 percent drop after the New York Times...

Dollar General 4Q results mixed, fiscal 2019 outlook weak

Mar. 14, 2019 9:18 AM EDT

GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. posted mixed fourth-quarter results, with profit pressured by an income tax expense while revenue grew during the critical holiday period. The discount retailer also provided a fiscal 2019 profit outlook below Wall Street's view. Shares fell 6.8 percent...