Latest Earnings reports News

FedEx profit falls, company cites uncertainty over trade

Sep. 17, 2019 7:49 PM EDT

DALLAS (AP) — Profit at FedEx fell 11% in its fiscal first quarter, as the package delivery company was buffeted by slower economic growth and the loss of business from retail giant Amazon. The results fell short of Wall Street expectations, and the company lowered its forecast for earnings through next...

Fans of NBA could feel impact of China trade wars

Sep. 16, 2019 1:29 PM EDT

NEW YORK (AP) — That LeBron James jersey could get a little more expensive. Companies that make clothing and shoes for the National Basketball Association players are in the crosshairs of President Donald Trump's escalating China trade wars. So, the question is, will American fans of sports stars like Los...

This Week: Consumer borrowing, GameStop 2Q, retail sales

Sep. 9, 2019 3:05 AM EDT

A look at some of the key business events and economic indicators upcoming this week: JUST CHARGE IT The Federal Reserve issues new data Monday on how much credit Americans took on in July. The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased...

Lululemon, Genesco gain; Domo, Science Applications fall

Sep. 6, 2019 4:32 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Lululemon Athletica Inc., up $14.73 to $203.14 The athletic apparel maker handily beat Wall Street's fiscal second quarter profit expectations and raised its profit forecast for the year. DocuSign Inc., up $10.02 to $56.27 The...

Tapestry, Michaels rise while Tyson Foods, Fortive fall

Sep. 4, 2019 5:17 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Tyson Foods Inc., down $7.23 to $86.06 The meat producer slashed its 2019 profit forecast, citing higher commodity costs and a recent fire at a beef processing plant. Coupa Software Inc., up $11.69 to $146.09 The software...

Lego aims to expand sales in China, India

Sep. 3, 2019 5:32 AM EDT

COPENHAGEN, Denmark (AP) — Toy maker Lego said Tuesday its revenue rose 4% in the first half of 2019 but significant investments to grow its business in China and India led to a 12% drop in net profit. The privately-held company reported first-half revenue of 14.8 billion kroner ($2.2 billion), while net...

Campbell Soup, Big Lots rise; Ulta Beauty, Cooper Cos. slip

Aug. 30, 2019 4:29 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Ulta Beauty Inc., down $99.72 to $237.73 The beauty products retailer reported weak results for its latest quarter and cut its full-year forecast. Campbell Soup Co., up $1.69 to $45 The soup maker reported a strong quarter, driven...

Markets Right Now: Stocks end mixed after early gain fades

Aug. 30, 2019 4:18 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. stock indexes are closing little changed after a listless day of trading ahead of the Labor Day holiday weekend, capping a solid week of gains. Financial and industrial stocks were the big winners Friday as...

Asian stocks rebound on US-China trade hopes

Aug. 29, 2019 11:23 PM EDT

BEIJING (AP) — Asian stocks rebounded Friday on hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all followed Wall Street higher. Investors were encouraged by a Chinese government...

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...