Latest Earnings reports News

New Mexico state income outpaces expectations

Dec. 4, 2019 12:20 AM EST

SANTA FE, N.M. (AP) — State government income for New Mexico is exceeding expectations set out by agency economists. A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent...

Cleveland-Cliffs, CBL tumble while Lands’ End, ViewRay gain

Dec. 3, 2019 4:35 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Cleveland-Cliffs Inc., down 90 cents to $7.51 The iron-ore mining company is buying steel maker AK Steel for about $1.1 billion. Audentes Therapeutics Inc., up $30.32 to $58.93 The gene-therapy developer is being bought by...

Companies struggle to grow profits, look ahead to 2020

Nov. 27, 2019 1:09 PM EST

NEW YORK (AP) — Corporate profits continued their yearlong slide during the third quarter and analysts expect another decline this quarter before the numbers start improving. Companies have been hindered by slower global economic growth, worsened by the U.S.-China trade war, in their efforts to increase...

Best Buy and Dick’s gain; Dollar Tree and HanesBrands slip

Nov. 26, 2019 4:32 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Best Buy Co., up $7.32 to $81.57 The consumer electronics retailer gave investors a surprisingly good profit forecast. Dollar Tree Inc., down $17.13 to $95.26 The discount retailer’s third-quart profit fell short of Wall...

Dollar Tree, citing tariffs, cuts outlook and shares plunge

Nov. 26, 2019 1:52 PM EST

CHESAPEAKE, Va. (AP) — Dollar Tree reported weak third quarter profits and trimmed its full-year guidance citing higher tariffs. Dollar Tree said if fully implemented, the tariffs will increase their costs by $19 million in the fourth quarter, or 6 cents per share.  The discount retailer estimates...

Best Buy cruises into the holidays

Nov. 26, 2019 11:11 AM EST

NEW YORK (AP) — Best Buy is entering the critical holiday season with good cheer, raising  its profit expectations for the current quarter.  The nation’s largest consumer electronics retailer on Tuesday joined a handful of other big box stores like Target and Walmart which are putting up...

S&P 500 snaps 6-week string of gains even as stocks rise

Nov. 22, 2019 5:18 PM EST

U.S. stocks shook off a midday stumble to finish slightly higher Friday, though the modest rebound was not enough to keep the S&P 500 from breaking its longest stretch of weekly gains in two years. Banks, health care stocks and companies that rely on consumer spending powered much of the rebound, outweighing...

Atlantic City casinos’ 3rd-quarter profits up from year ago

Nov. 22, 2019 3:02 PM EST

ATLANTIC CITY, N.J. (AP) — Atlantic City’s nine casinos saw their collective gross operating profits increase by 12.5% in the third quarter of this year compared with the same period last year. The comparison was boosted by two new casinos that opened last summer doing much better in the third...

Gap’s interim CEO promises to address ‘operational issues’

Nov. 21, 2019 6:02 PM EST

NEW YORK (AP) — Two weeks after Gap Inc. ousted its CEO Art Peck, the company’s interim leader promised investors it would address “operational issues” that have been dragging down the retailer. The comments from Robert J. Fisher came as the San Francisco-based clothing chain released...

Macy's weak earnings reflect more trouble at malls

Nov. 21, 2019 5:04 PM EST

NEW YORK (AP) — There’s more trouble for the nation’s malls heading into the crucial holiday shopping season. A slew of mall-based clothing retailers delivered weak third-quarter earnings reports in recent days, the latest indication of shoppers’ increasing shift online and away from...