Latest Earnings estimates News

Dollar General, Guess rise; Abercrombie, Best Buy fall

Aug. 29, 2019 4:25 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Best Buy Co., down $5.51 to $63.49 The nation's largest consumer electronics chain gave a muted outlook as the trade war with China escalates. Abercrombie & Fitch Co., down $2.57 to $14.45 The teen clothing retailer lowered...

Best Buy 2Q profit beats estimates, but revenue misses

Aug. 29, 2019 2:44 PM EDT

NEW YORK (AP) — Best Buy Co. reported a sales shortfall for the fiscal second quarter and trimmed its annual sales forecast, blaming uncertainty surrounding an escalating trade war with China heading into the holiday shopping season. Shares of the retailer fell 8% in afternoon trading Thursday. "It is...

Asian markets sink after Wall Street recovery

Aug. 29, 2019 12:31 AM EDT

BEIJING (AP) — Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. Market benchmarks in Shanghai, Tokyo and Hong Kong declined. Investors were looking for news about the outlook for U.S.-Chinese trade negotiations following confusion over...

Tiffany, Syneos Health rise while Autodesk, Movado fall

Aug. 28, 2019 4:31 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Autodesk Inc., down $10.13 to $140.08 The software company slashed its full-year profit and revenue forecasts. Tiffany & Co., up $2.50 to $85.17 The luxury jeweler posted results that beat analysts' expectations and...

Continued tourist spending slump weighs on Tiffany's results

Aug. 28, 2019 1:27 PM EDT

NEW YORK (AP) — Tiffany & Co.'s second quarter profits and sales fell as the jewelry chain grappled with continued weak spending by international tourists. However, the company stuck with its full-year forecast despite amid so much uncertainty. Tiffany said earlier this year that holiday sales were...

Johnson & Johnson, Papa John's rise; Smucker, Farfetch fall

Aug. 27, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Altria Group Inc., down $1.87 to $45.25 The tobacco company confirmed that it's in talks to combine with Philip Morris International. Johnson & Johnson, up $1.84 to $129.64 A $572 million ruling against the company in an...

Gap's 2Q profits fall, reflecting chain still mired in slump

Aug. 22, 2019 6:53 PM EDT

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright spot. The...

US stock indexes end mixed ahead of Fed chairman speech

Aug. 22, 2019 5:14 PM EDT

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the...

Markets Right Now: After a day of wavering, stocks end lower

Aug. 22, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two...

Corporate profits slump again in 2Q

Aug. 22, 2019 10:29 AM EDT

Corporate profits fell for a second straight quarter in the spring as the effect of last year's tax cut wore off and companies contended with uncertainty from the Trump administration's trade wars. As the second quarter earnings season winds down, companies in the S&P 500 index are on track to notch the first...