Latest Earnings surprises News

Gov. Jim Justice proposes 10% personal income tax cut

Jul. 06, 2022 17:59 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice on Wednesday proposed a permanent 10% reduction in the personal income tax after the state ended the fiscal year with a record $1.3 billion surplus. The Republican governor said he plans to call a special session of the...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

Kohl's, JM Smucker rise; Target, Encompass fall

Jun. 07, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Target Corp., down $3.69 to $155.98. The retailer is canceling orders from suppliers and slashing prices as consumers shift spending from goods to services. Kohl's...

American Airlines gives rosier outlook for summer revenue

Jun. 03, 2022 12:30 PM EDT

FORT WORTH, Texas (AP) — American Airlines on Friday raised its forecast of second-quarter revenue, joining a growing list of airlines expecting demand this summer to top previous forecasts as the travel industry recovers from the pandemic. American predicted that revenue will...

Delta hikes Q2 revenue outlook on sharply higher airfares

Jun. 01, 2022 17:34 PM EDT

To hear it from Delta Air Lines, happy days are here again, with travelers gladly paying sharply higher fares just to get on an airplane and go somewhere this summer. Delta said Wednesday that it expects second-quarter revenue will be back to pre-pandemic 2019 levels, even with fewer...

Salesforce.com, Victoria's Secret rise; S&P, Bark fall

Jun. 01, 2022 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: S&P Global Inc., down $17.47 to $332.01. The financial data provider says it may not achieve its financial targets because of deteriorating economic conditions. ...

Macy's raises annual profit outlook on strong Q1 results

May. 26, 2022 18:20 PM EDT

NEW YORK (AP) — Shoppers' return to occasion dressing helped to power Macy's fiscal first-quarter results, and the department store chain raised its annual earnings outlook even as surging inflation is crimping Americans' budgets. The results announced Thursday were among the few...

Southwest, JetBlue boost forecasts on strong travel demand

May. 26, 2022 12:13 PM EDT

NEW YORK (AP) — Airline stocks rallied Thursday after Southwest Airlines and JetBlue Airways said revenue from summer travel will be stronger than previously expected as travel bounces back after two years of the pandemic. The comments, which the airlines made in regulatory...

Ross Stores, Applied Materials fall; Palo Alto, Deckers rise

May. 20, 2022 16:54 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Deckers Outdoor Corp., up $28.49 to $255.28. The maker of Ugg footwear handily beat Wall Street's fourth-quarter profit forecasts. Palo Alto Networks Inc., up $42.31 to...

Consumers shift again, flummoxing big retailers like Target

May. 18, 2022 20:29 PM EDT

NEW YORK (AP) — The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again. That dynamic has only been intensified in recent months as inflation jumps sharply, and the latest financial report...