Latest Earnings estimates News

FedEx loses $2 billion, warns of headwinds in coming year

Jun. 25, 2019 8:11 PM EDT

DALLAS (AP) — FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss of...

Tariff concerns, 3Q outlook drag Lennar's stock down

Jun. 25, 2019 1:43 PM EDT

MIAMI (AP) — Tariff concerns and a disappointing third quarter outlook are weighing on Lennar Corp.'s stock even as the homebuilder's second quarter performance topped analysts' estimates. President Jonathan Jaffe said during a conference call that tariffs are a headwind on material cost. "First, it was...

Carnival lowers profit outlook, cites ban on Cuba cruises

Jun. 20, 2019 6:10 PM EDT

MIAMI (AP) — Shares of cruise line operator Carnival Corp. fell Thursday after the company reported a 20% drop in quarterly profit and cut its full-year earnings forecast partly because of the Trump administration's decision to ban cruises between the U.S. and Cuba. Carnival earned $451 million in its...

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...

Investors should guard against tunnel vision on trade wars

Jun. 11, 2019 5:26 PM EDT

NEW YORK (AP) — Once this trade-war cloud gets lifted, investors should have little to worry about, right? Monday's market action makes it seem that way: Stocks around the world climbed after President Donald Trump withdrew a threat to impose tariffs on Mexico, at least for now. That leaves investors...

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...

Tiffany 1Q sales drop as tourist spending slumps

Jun. 4, 2019 2:08 PM EDT

NEW YORK (AP) — Tiffany & Co. topped first quarter profit expectations but fewer tourists at its U.S. stores, particularly from China, dragged on sales and the company trimmed its expectations for the year. Tiffany said earlier this year that holiday sales were hurt by a drop in spending by Chinese...

Asian shares mixed, trade worries continue on Trump tariffs

May. 30, 2019 10:45 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as trade worries continued after President Donald Trump announced additional tariffs on imports from Mexico. Japan's benchmark Nikkei 225 dipped 0.7% in early trading to 20,796.38, while Australia's S&P/ASX 200 inched down 0.1% to 6,383.70. South Korea's...