Latest Earnings surprises News

Vietnam veteran John Durfee salutes the American Flag from his balcony as it raised in the courtyard on Thursday, April 2, 2020 at The Cardinal at North Hills in Raleigh, N.C. Durfee's wife Patricia joins him as do other neighboring residents for their morning ritual, staying in their homes now to practice social distancing. (Robert Willett/The News & Observer via AP)

Legislative economist predicts billion-dollar hit to revenue

Apr. 3, 2020 12:29 PM EDT

RALEIGH, N.C. (AP) — North Carolina’s chief legislative economist has estimated that state revenue collections could take a billion-dollar hit during the current budget cycle due to the coronavirus pandemic. The state could see overall revenue fall $1.5 billion to $2.5 billion below previous...

Guess, Williams-Sonoma rise; Ford, Vail Resorts fall

Mar. 19, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Accenture PLC, up $7.35 to $158.50. The consulting company beat Wall Street's fiscal second-quarter earnings and revenue forecasts. Guess Inc., up $4.88 to $8.80. The clothing and apparel company handily beat Wall Street's...

Adobe, Gap rise; Slack Technologies, Zuora fall

Mar. 13, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Adobe Inc., up $50.50 to $335.50. The software company's fiscal first-quarter earnings and revenue beat Wall Street forecasts. Slack Technologies Inc., down $1.76 to $19.59. The work messaging service gave investors a weak...

Nebraska state tax receipts beat expectations in February

Mar. 13, 2020 1:54 PM EDT

LINCOLN, Neb. (AP) — Nebraska state government tax collections beat expectations in February, the state Department of Revenue said Friday. The department reported net tax receipts of $315 million, which is more than 7% above the certified forecast of $293 million. The department said net individual income,...

FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. Target reported strong fourth-quarter profits, though its sales were weighed down by weak toy and electronics sales during the crucial holiday shopping season.  Target joins a string of other retailers, including Walmart, with disappointing sales during the shortest holiday shopping period since 2013. (AP Photo/Gene J. Puskar, File)

Target offers solid profit outlook despite virus uncertainty

Mar. 3, 2020 2:07 PM EST

NEW YORK (AP) — Target Corp. says there could be periodic shipping delays in merchandise from China while the discounter scrambles to stock up on more household essentials in its U.S. stores as it confronts the repercussions of a spreading new virus. Like many retailers, Target is wrestling with the...

Microsoft, Carvana fall; Etsy, Square rise

Feb. 27, 2020 4:21 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday. Microsoft Corp., down $11.99 to $158.18. The software giant said its personal computing segment won't meet revenue forecasts because of the virus outbreak. Patterson Companies, up $1.33 to $24.01. The dental and animal health...

FILE - In this Aug. 14, 2019, file photo two women walk into the JCPenney store in Peabody, Mass. J.C. Penney Co. reports earnings Thursday, Feb. 27. (AP Photo/Charles Krupa, File)

J.C. Penney sees key sales figure down for the year

Feb. 27, 2020 3:27 PM EST

NEW YORK (AP) — J.C. Penney Co. dumped more bad news on investors Thursday, estimating that sales for the current year at established stores would be down more than Wall Street expected. The disappointing sales outlook came as the struggling department store chain delivered fourth-quarter profits that beat...

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)

Asian shares slump after Trump announcement on virus plans

Feb. 26, 2020 11:54 PM EST

Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. Japan's Nikkei 225 index lost 2.1% to 21,951.78, while in Australia, the S&P ASX/200 dropped 0.8% to 6,653.50. In South Korea, where 334 new cases of...

FILE- In this Feb. 23, 2018, file photo sales associate Bob Henriques, of Framingham, Mass., moves items at a Lowe's retail home improvement and appliance store, in Framingham. Lowe's Cos. delivered weaker-than-expected sales for the fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations. The report, issued Wednesday, Feb. 26, 2020, sent shares down in early morning trading. (AP Photo/Steven Senne, File)

Lowe's disappoints on 4Q sales, full-year outlook

Feb. 26, 2020 4:35 PM EST

NEW YORK (AP) — Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations. During a call with analysts, Lowe's CEO Marvin Ellison blamed the sales shortfall on the timing of its marketing campaign that...

TJX, Alcon rise; Dycom, Toll Brothers fall

Feb. 26, 2020 4:32 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Dycom Industries Inc., down $12.46 to $30.26. The construction and engineering company reported an unexpectedly big fourth-quarter loss. National Vision Holdings Inc., up $4.77 to $38.60. The eyeglass and contact lens retailer...