Latest Earnings surprises News

Huawei says US sanctions will cost it billions in revenue

Jun. 17, 2019 11:56 AM EDT

SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...

Huawei founder likens company to badly damaged plane, says revenue will be $30 billion below forecast over next 2 years

Jun. 17, 2019 2:41 AM EDT
SHENZHEN, China (AP) — Huawei founder likens company to badly damaged plane, says revenue will be $30 billion below forecast over next 2 years.

Red Robin, Schlumberger and Lennar rise while Savara plunges

Jun. 13, 2019 4:28 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: RH, up $15.02 to $109.91 The furniture and housewares company beat Wall Street's first quarter financial forecasts and raised its profit outlook for the year. Lululemon Athletica Inc., up $3.63 to $174.52 The athletic apparel...

GrubHub and H&R Block post gains while Sprint, Lovesac fall

Jun. 11, 2019 4:26 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: GrubHub Inc., up $5.36 to $70.06 Amazon is closing down its restaurant delivery service, which posed a competitive threat to the online food ordering service. Sprint Corp., down 41 cents to $6.58 Several states are suing to block...

Caesars and Vail rise while Guess and DocuSign slip

Jun. 7, 2019 4:40 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Caesars Entertainment Corp., up 35 cents to $9.48 The casino operator is close to making a deal to merge with Eldorado Resorts Inc., according to media reports. Zumiez Inc., up $2.98 to $21.65 The clothing retailer's fiscal first...

Asian stocks trail US rise on US-Mexico trade deal optimism

Jun. 7, 2019 2:41 AM EDT

TOKYO (AP) — Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect. Japan's Nikkei 225 gained 0.5% to 20,884.71, while Australia's S&P/ASX 200 rose nearly 1.0% to 6,443.90. South Korea's Kospi fell 0.2% to...

Plant-based burger maker Beyond Meat beats forecasts in 1Q

Jun. 6, 2019 6:35 PM EDT

Beyond Meat went beyond expectations in its first earnings report since its stock market debut last month. The plant-based meat maker's shares soared after it beat Wall Street's first quarter earnings and revenue forecasts. Beyond Meat also said it expects full-year revenue to hit $210 million this year, more...

Asian stocks mixed after Trump threatens Mexico tariffs

Jun. 5, 2019 11:49 PM EDT

SINGAPORE (AP) — Asian stocks were mixed on Thursday as traders kept a close watch on impending U.S. tariffs on Mexico while trade talks with Beijing remained at a standstill. Japan's Nikkei 225 index added 0.3% to 20,832.46 while the Shanghai Composite index lost 0.5% to 2,848.34. The benchmark in...

GameStop, Pivotal Software fall; Campbell, Salesforce rise

Jun. 5, 2019 4:54 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Salesforce.com Inc., up $7.63 to $158.44 The customer-management software developer blew away Wall Street's first quarter profit forecasts and raised its outlook for the year. Pivotal Software Inc., down $7.65 to $10.89 The...

Markets Right Now: Stocks rise again, though energy tanks

Jun. 5, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing broadly higher on Wall Street Wednesday, although a sharp drop in the price of oil tempered the gains. Energy shares fell as the price of oil plunged 3.4% following a report showing an unexpected...