Upbeat quarterly results lift Medtronic shares
Medical device company Medtronic (MDT) posted better-than-expected fourth quarter earnings, sending its shares up. Earnings during the quarter came in...
Earnings
L Brands reports 8% jump in revenue; stock slips on weak guidance
The Columbus-based retailer L Brands (LB) reported a 7.7% increase in net sales, while earnings plunged almost 50% year-over-year to...
Uber reports 67% jump in Q1 revenue and trims down losses
Ridesharing company Uber Technologies revenue in the first quarter jumped 67% year-over-year to $2.5 billion and adjusted loss improved to...
NetApp shares fall despite upbeat 4Q results
NetApp’s (NTAP) fourth quarter revenue and earnings topped Street estimates. Net revenue of $1.64 billion, surged 11% over the prior...
Will Comcast win the bidding battle against Disney and grab Fox’s assets?
Comcast (CMCSA) is engaging in a bidding war with Walt Disney (DIS) by proposing a higher, all-cash superior offer for...
Red Robin shares tank 18% after insipid Q1 results
Restaurant chain Red Robin Gourmet Burgers (RRGB) saw its shares plunge 18% in the early hours of trading today, triggered...
Ralph Lauren beats on revenue and earnings despite declining revenue in 4Q
Premium lifestyle products manufacturer Ralph Lauren (RL), which was trounced by a year-over-year trend of declining revenue for more than...
Tiffany stock surges on upbeat Q1 results, better outlook
Jewelry maker Tiffany & Co. (TIF) reported a 53% jump in earnings in the first quarter, riding on a 15%...
Target posts strongest performance in over a decade
Target Corporation (TGT) posted a 3.4% rise in total revenues to $16.8 billion for the first quarter of 2018 helped...
Lowe’s shares fall on earnings miss
Lowe’s (LOW) today reported lower-than-expected Q1 earnings, sending its shares down as much as 8% during the pre-market trading. The...
Intuit’s 3Q results beat estimates, raises outlook
Intuit (INTU) reported better-than-expected results for the third quarter, beating analyst estimates on both revenue and earnings front. Revenues climbed...
Urban Outfitters stock slides despite earnings and revenue beat
Urban Outfitters (URBN), which had a dream run over the past year, reported another quarter of earnings and sales numbers...
HPE Q2 results beat estimates; lifts full-year guidance
Information technology company Hewlett Packard Enterprise (HPE) turned to profit in the second quarter of 2018 from a loss last...
Advance Auto Parts shares fall after 1Q sales miss
Car parts retailer Advance Auto Parts (AAP) shares dipped 3% during the morning session after the company’s revenue failed to...
Sony jacks up stake in EMI to become largest music publisher
In a deal that augments its fast-growing entertainment portfolio, Sony Corp. (SNE) has added to its fold an array of...
AutoZone crushes 3Q earnings estimates
Auto parts retailer and top industry performer AutoZone (AZO) reported earnings of $366.72 million or $13.42 per share in the...
Kohl’s Corp posts upbeat first quarter results
Kohl’s Corporation (KSS) reported a 3.5% increase in total revenues to $4.2 billion for the first quarter of 2018. Comparable...
Adobe Systems agrees to buy Magento Commerce for $1.68 billion
Adobe Systems Inc. (ADBE) is planning to acquire e-commerce services firm Magento Commerce for $1.68 billion. The closure of the...
Soon after Hilton exit, Blackstone grabs LaSalle Hotel for $4.8 billion
Three days after ending an 11-year association with Hilton Worldwide Holdings (HLT) by divesting its remaining stock in the hotel...
NextEra Energy inks a deal to acquire certain assets of Southern Company
Energy producer NextEra Energy (NEE) has agreed to acquire Southern company’s (SO) some assets including Florida City Gas, Gulf Power...
Microsoft acquires Semantic Machines to boost AI capabilities
The ever-increasing prominence of artificial intelligence gets another push from Microsoft Corp.’s (MSFT) purchase of AI start-up Semantics Machines in...