Earnings

Investors drove shares of Domino’s down by 5.5 percent Tuesday, disappointed in slower-than-expected sales growth during the third quarter. Revenue rose 22.1 percent during the third quarter over the previous year to $786 million, the company said in releasing its earnings before the markets opened. It fell short of the $788.1 million expected in a
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UnitedHealth, the largest U.S. health insurer, on Tuesday reported better-than-expected third-quarter earnings and revenue, driven by higher membership growth for its health insurance plans. UnitedHealth earnings rose 28 percent to $3.41 per share. Total revenue rose 12.4 percent to $56.56 billion. Analysts on average had expected earnings of $3.29 per share on revenue of $56.34
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Walmart on Tuesday cut its earnings outlook, as it previously warned it would do this, citing the impact of its acquisition of Indian e-commerce company Flipkart. The company also said e-commerce growth will be less robust next fiscal year, as it’s still fighting to win more shoppers online. Ahead of its annual investors meeting, Walmart
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Bank of America on Monday beat analysts’ estimate for third-quarter profit and revenue as the nation’s second-largest bank set aside less than expected for loan losses. The bank posted earnings per share of 66 cents, a 43 percent increase from a year earlier, exceeding the 62 cent estimate of analysts surveyed by Refinitiv. Revenue rose
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U.S. regional bank PNC Financial Services beat analysts’ estimates for quarterly profit on Friday, but reported a 6 percent rise in operating expenses as it invested in marketing and retail banking. A strengthening U.S. economy pushed borrowing by businesses higher while keeping loan losses low and interest income rose 5.2 percent to $2.47 billion. PNC’s
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Citigroup reported better-than-expected earnings for the third quarter on Friday as the company’s bottom line received a boost from lower corporate taxes. Here is how the banking giant’s results fared compared with Wall Street estimates: Earnings: $1.73 per share vs $1.69 expected by Refinitiv Revenue: $18.389 billion vs $18.501 billion forecast The company’s stock rose
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PepsiCo on Tuesday delivered better-than-expected third-quarter earnings that showed signs of growing consumer demand for its teas, Gatorade, namesake cola and other beverages in North America. The 16 percent surge in profits was a victory for Indra Nooyi on her last day as CEO, after years of facing pressure to sell or spin the company’s
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SeongJoon Cho | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd., holds the BlackBerry Priv smartphone. BlackBerry reported quarterly profit above Wall Street’s estimates on Friday, as lower expenses helped offset a drop in its enterprise software and services revenue. U.S.-listed shares of the company were up 2.7 percent premarket. BlackBerry,
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Rite Aid said it would overhaul its board of directors Thursday, a month after it abandoned its merger with grocery chain Albertsons. The company said that it is separating the CEO and chairman position. Director Bruce Bodaken will become chairman and John Standley will remain CEO. Additionally, Rite Aid nominated three independent directors — Robert
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FedEx reported quarterly profit that missed Wall Street estimates on Monday, as employee compensation and other expenses weighed on results. Shares in the Memphis-based package delivery company fell 5 percent Tuesday. FedEx and rival United Parcel Service are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with
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The cloud license and on-premises license generated revenue of $867 million, compared with the $865 million consensus estimate among analysts. Hardware revenue came in at $904 million, while services revenue was $813 million. Last week, analysts at KeyBanc Capital Markets lowered their estimates for Oracle’s next few quarters. “Oracle’s move to the cloud is taking
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For female shoppers, Lululemon spearheaded a movement toward “athleisure” apparel in the U.S. and has maintained a loyal base of customers for its leggings and yoga gear. Lululemon continues to see strong traffic at its stores in North America, a market where brands like Nike and Under Armour have been struggling to keep growing of
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Campbell Soup on Thursday reported better-than-expected quarterly profit, but sales fell short of expectations. The company also announced plans to shed two international units and its fresh foods business. Here’s what the company reported versus what Wall Street expected, based on average estimates of analysts polled by Thomson Reuters. Adjusted earnings per share of 25
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Shares of Dick’s Sporting Goods plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting. Sales at Dick’s Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter. It was partly blamed
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Box shares dropped as much as 6 percent after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. Here’s how Box did in its second quarter, which ended July 31: Earnings: Loss of 5 cents per share, excluding certain items, vs. loss
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Tiffany’s quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, prompting the luxury retailer to raise its full-year profit forecast. Tiffany’s shares rose 4.2 percent to $135.15 in premarket trading after the company said it expected full-year earnings per share to be between $4.65 and
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Patrick T. Fallon | Bloomberg | Getty Images Pat Gelsinger, CEO of VMWare, speaks during the Montgomery Summit in Santa Monica, California, March 9, 2017. VMware’s second-quarter profit and revenue beat analysts’ estimates on Thursday, helped by strong demand for its cloud-based software services. The company’s services revenue, which accounts for majority of its total
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