Earnings

Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker’s shares down nearly 4 percent in extended trading. The company’s forecast overshadowed a beat on both first-quarter revenue and profit. Autodesk forecast second-quarter adjusted profit between 13 cents and 16 cents per share. Analysts on average were expecting a profit
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Best Buy, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy’s sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts’ average expectation for a 2.9-percent
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Medtronic’s fourth-quarter profit topped analysts’ estimates on Thursday on higher demand for heart valves and diabetes devices such as insulin pumps. Medtronic, the world’s largest standalone medical device maker, sells everything from minimally invasive therapies to spinal and heart devices, and it has been launching new products to combat increasingly fierce competition. The company on
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Christopher Dilts | Bloomberg | Getty Images Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Ralph Lauren on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker’s move to pull products off department store shelves and sell more products at full-price boosted margins. The company’s shares rose 3 percent in
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Tiffany’s first-quarter results beat analysts’ estimates on Wednesday, with strong sales of its high-end jewelry in the Americas and Asia-Pacific regions helping the company raise its annual sales and profit forecasts. Shares spiked more than 17 in early trading Wednesday, pushing the stock to its best level since 2001. The stock has gained 6.3 percent
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AutoNation shares fell more than 3 percent on Tuesday after the company posted a lower quarterly net profit due to higher interest expenses, narrower margins on new vehicle sales and costs for launching expanded repair parts operations. The largest U.S. auto retail chain’s first-quarter net profit was in line with analyst expectations. Chief executive officer
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TJX reported better-than-expected quarterly same-store sales on Tuesday, as deep discounts brought more bargain hunters into its T.J. Maxx and Marshalls apparel stores. Online shopping has taken a toll on traditional brick-and-mortar stores but TJX, unlike other retailers, has not seen huge cuts in inventory and store closures. TJX does not advertise brands. It instead
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Kohl’s stock turned negative Tuesday after investors learned the timing of a promotional event helped boost sales in the latest quarter, but could steal momentum from the second half of the year. The retailer reported same-store sales growth of 3.6 percent for the first quarter, beating expectations of 2.7 percent. First-quarter earnings also topped expectations,
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Three of Cisco’s four product categories surpassed estimates, though. The most important, the Infrastructure Platforms segment, which includes data-center networking switches, had $7.16 billion in revenue, above the FactSet consensus estimate of $7.14 billion, StreetAccount said. Cisco “continues to achieve success” in selling its Catalyst 9000 switches, and the fact that they require customers to
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The world’s largest steelmaker ArcelorMittal said the outlook for 2018 had improved after a sharp pick-up in steel prices and increased iron ore shipments helped it deliver higher-than-expected first-quarter earnings on Friday. The group did not give a specific forecast for its own prospects but repeated that it saw 2018 global apparent steel consumption, which
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Thomson Reuters on Friday reported slightly higher-than-expected first-quarter sales and earnings, and forecast low-single-digit growth in 2018 revenue in its remaining business. The news and information company announced earlier this year that it is selling a majority stake of its financial & risk unit to private-equity firm Blackstone. Thomson Reuters reported quarterly revenue of $1.38
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Chief Financial Officer Colette Kress said that the company expects cryptocurrency-related revenue to fall 65 percent to about $100 million in the next quarter. Retail prices for Nvidia’s gaming chips surged earlier this year as miners snapped up chips, a development Nvidia addressed by releasing mining-specific chips. “While supply was tight earlier in the quarter,
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Dropbox stock fluctuated and then gradually fell after it reported better-than-expected first quarter results in its first earnings report as a public company on Thursday. Earnings: Excluding certain items, 8 cents per share vs. 5 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $316.3 million vs. $309.2 million as expected by
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Twenty-First Century Fox said Wednesday its cable business posted its “highest earnings ever” in the fiscal third quarter. Executive chairmen Rupert and Lachlan Murdoch said in a statement that double-digit growth in domestic affiliate revenue helped drive strength in its cable division. Fox’s cable unit reported revenue of $4.42 billion, topping a StreetAccount consensus estimate
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Shares of Roku popped in extended trading Wednesday after the company reported better-than-expected first-quarter financial results. The stock price was up about 1.5 percent when the report was released after the bell, following a pre-earnings rally of nearly 9 percent in the regular trading session. Here’s what Roku reported: Loss per share: 7 cents, excluding
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The Walt Disney Company on Tuesday said that the success of Marvel’s “Black Panther” helped drive 21 percent year-over-year revenue growth for its studio entertainment business. Disney’s studios saw $2.45 billion in revenue for the quarter. That figure bested Wall Street expectations for $2.19 billion in revenue, according to a StreetAccount consensus estimate. In the
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