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Fri, 20 Sep 2019 23:15:03 GMT
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Fri, 20 Sep 2019 23:14:59 GMT
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Curious to know if Bitcoin is here to stay ?
Fri, 20 Sep 2019 23:14:59 GMT
Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.
Curious to know if Bitcoin is here to stay ?
Fri, 20 Sep 2019 23:14:58 GMT
Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.
U.S. trade regulators approve some Apple tariff exemption requests
Fri, 20 Sep 2019 22:10:11 GMT
U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc .
In tech 'awakening,' U.S. workers at Google, Amazon join climate protests
Fri, 20 Sep 2019 21:58:52 GMT
Hundreds of workers from Google, Amazon and other technology companies on Friday joined climate-change marches in San Francisco and Seattle, saying their employers had been too slow to tackle global warming and needed to take more drastic action.
TSX Hits New Closing High, Gains 1.3% For The Week
Fri, 20 Sep 2019 21:43:53 GMT
The Canadian benchmark S&P/TSX Composite Index hit a fresh record high on Friday, even as markets in the U.S. and Europe struggled to hold gains and settled flat or lower amid geopolitical tensions and trade talks uncertainty.
Northrop Grumman's Orbital Sciences Corp wins $1.1 bln U.S. defense contract -Pentagon
Fri, 20 Sep 2019 21:20:22 GMT
Orbital Sciences Corp, a unit of Northrop Grumman Corp, has been awarded a $1.1 billion contract by the U.S. Missile Defense Agency, the Pentagon said on Friday. (Reporting by Eric Beech; Editing by Mohammad Zargham)
WRAPUP 8-Inspired by Swedish teen, worldwide protest demands climate action
Fri, 20 Sep 2019 21:17:32 GMT
By Gabriella Borter, Fabrizio Bensch and Patpicha Tanakasempipat
Softbank evaluating around 40 Brazilian companies for investment - exec
Fri, 20 Sep 2019 21:15:23 GMT
Japan's SoftBank Group is evaluating around 40 Brazilian companies with high growth potential for possible investments, the group's head in Brazil, André Maciel, said on Friday.
UPDATE 2-Few U.S. lawmakers hit 'like' button after Facebook CEO visits Capitol Hill
Fri, 20 Sep 2019 20:55:34 GMT
Facebook CEO Mark Zuckerberg wrapped up three days of discussions with Washington movers and shakers on Friday, with few if any indications he had won new "friends" to help the top social media company deal with multiple probes by Congress, state attorneys general and federal regulators.
Warren, Sanders to visit striking GM workers as dispute continues
Fri, 20 Sep 2019 20:50:52 GMT
Two major Democratic presidential candidates plan to visit striking General Motors workers in Detroit in the coming days as a five-day-old labor dispute threatens to enter its second week.
GLOBAL MARKETS-Stocks fall as China cancels U.S. farm visits, yields dip
Fri, 20 Sep 2019 20:45:26 GMT
* China agriculture delegation scraps U.S. farm visit to Montana
UPDATE 2-Uber sues New York City over cruising and licensing caps
Fri, 20 Sep 2019 20:45:10 GMT
Uber Technologies Inc sued New York City on Friday, seeking to void a new rule limiting how much time its drivers can spend cruising streets in busy areas of Manhattan without passengers, saying it threatens to undermine the company's ride-sharing model.
UPDATE 1-Speculators up net long U.S. dollar bets to 5-week high -CFTC, Reuters
Fri, 20 Sep 2019 20:32:44 GMT
Speculators boosted their net long bets on the U.S. dollar in the latest week to a five-week high, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $15.29 billion in the week ended Sept. 17. The net long dollar position had stood at $13.33 billion last week. To be long a currency means traders believe it will
U.S. Stocks Turn Lower As Optimism About Trade Deal Fades
Fri, 20 Sep 2019 20:23:26 GMT
After seeing modest strength throughout the morning, stocks once again came under pressure in afternoon trading on Friday. The major averages pulled back well off their best levels of the day and firmly into negative territory.
US STOCKS-Wall Street drops after China cancels trip to Montana farmland
Fri, 20 Sep 2019 20:22:37 GMT
* Indexes end: Dow -0.59%, S&P 500 -0.49%, Nasdaq -0.80% (New throughout, updates prices, market activity and comments to close)
UPDATE 9-Oil slips on trade fears but soars in week after Saudi production attacked
Fri, 20 Sep 2019 20:21:10 GMT
* Geopolitical tensions rise as Saudi coalition attacks Yemen
Phillips 66 says Beaumont oil terminal remains shut down
Fri, 20 Sep 2019 20:04:10 GMT
Operations at Phillips 66's Beaumont oil terminal in Nederland, Texas, remained temporarily shut down on Friday and crews are assessing potential damage from flooding, the company said in a statement.
US STOCKS SNAPSHOT-Wall Street falls as trade optimism fizzles
Fri, 20 Sep 2019 20:04:00 GMT
Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.
UPDATE 1-Fed's Rosengren flags risks to economy in WeWork-style model
Fri, 20 Sep 2019 19:59:39 GMT
The rise in co-working spaces, like those offered by WeWork, may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday.
Deals of the day-Mergers and acquisitions
Fri, 20 Sep 2019 19:57:24 GMT
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Speculators up net long USD bets to 5-week high -CFTC, Reuters
Fri, 20 Sep 2019 19:46:32 GMT
Speculators boosted their net long bets on the U.S. dollar in the latest week to a five-week high, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
UPDATE 1-Uber sues New York City over new 'cruising and licensing caps
Fri, 20 Sep 2019 19:39:50 GMT
Uber Technologies Inc sued New York City on Friday, seeking to void a new rule limiting how much time its drivers can spend in busy areas of Manhattan without passengers, saying the rule threatens to undermine Uber's ride-sharing model.
UPDATE 3-Walmart to stop sales of e-cigarettes in U.S. stores -company memo
Fri, 20 Sep 2019 19:27:20 GMT
Walmart Inc told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths.
EMERGING MARKETS-Latam FX set to log first weekly loss in three as stimulus cheer fades
Fri, 20 Sep 2019 19:26:37 GMT
An index of Latin American currencies fell on Friday, set for its first weekly loss in three, as optimism over a fresh round of stimulus for emerging economies was offset by doubts about progress in U.S.-China trade talks. MSCI's index of Latin American currencies fell 0.4% with Brazil's real hovering at two-week lows. The real was on course to lose nearly 2%, in part after Brazil's central bank cut its
Swiss Market Ends Flat After Lackluster Session
Fri, 20 Sep 2019 17:44:46 GMT
After opening on a positive note Friday morning, the Switzerland benchmark retreated and pared its entire gains, and then moved in a tight band around the flat line to eventually end little changed from previous close.
European Markets Close On Mixed Note After Cautious Session
Fri, 20 Sep 2019 17:17:50 GMT
European markets turned in a mixed performance on Friday, although the mood turned a bit positive after a weak start, amid optimism about U.S.-China trade talks and hopes that stimulus from central banks will help bolster sagging economies.
TSX Hits Another New High As Energy Stocks Rise
Fri, 20 Sep 2019 16:14:54 GMT
The Canadian benchmark hit another new high, as stocks opened on a firm note Friday morning, amid optimism about Sino-U.S. trade talks and on hopes the stimulus from global central banks will help bolster economic growth.
U.S. Stocks Turning In Another Mixed Performance
Fri, 20 Sep 2019 16:05:05 GMT
After moving to the upside early in the session, stocks have once again turned mixed over the course of the trading day on Friday. The major averages are on opposite sides of the unchanged line after closing mixed for two straight days.
U.S. Stocks Posting Modest Gains Amid Optimism About Stimulus, Trade Talks
Fri, 20 Sep 2019 14:29:26 GMT
Stocks have moved modestly higher in morning trading on Friday after closing mixed for two consecutive sessions. The major averages have all moved to the upside, although buying interest has remained somewhat subdued.
U.S. Stocks May Move Modestly Higher In Early Trading
Fri, 20 Sep 2019 12:59:16 GMT
After closing mixed for two consecutive sessions, stocks may move to the upside in early trading on Friday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 45 points.
Bay Street Looks Headed For Positive Start
Fri, 20 Sep 2019 12:24:19 GMT
Canadian shares look set to open on a positive note on Friday thanks to positive cues from Asian and European markets and on hopes of some progress in U.S.-China trade negotiations.
European Stocks Edging Higher After Early Weakness
Fri, 20 Sep 2019 12:02:55 GMT
European markets were edging higher Friday afternoon, staging a modest recovery after a subdued start.
Futures Suggest Higher Open For Wall Street
Fri, 20 Sep 2019 12:00:06 GMT
Initial signs from the U.S. Futures Index point to a slightly positive open for Wall Street.
Sensex, Nifty Spurt 5.3% As Government Announces Tax Cut
Fri, 20 Sep 2019 11:38:44 GMT
Indian shares soared on Friday on uninterrupted buying after Finance Minister Nirmala Sitharaman announced the government's decision to slash effective corporate tax.
FTSE Up Marginally After Early Weakness
Fri, 20 Sep 2019 10:17:13 GMT
After a weak start and a subsequent recovery that resulted in a brief spell in positive territory Friday morning, the U.K. market retreated amid stock specific activity and was hovering around the flat line in mid-morning trades.
CAC Down Marginally In Lackluster Trade
Fri, 20 Sep 2019 09:46:52 GMT
French stocks were turning in a mixed performance Friday morning, with investors largely staying wary of creating fresh positions, as they awaited news on U.S.-China trade discussions that entered the second day today.
DAX Drifts Lower In Cautious Trade
Fri, 20 Sep 2019 09:16:50 GMT
The German market was trading weak on Friday, with investors largely making cautious moves after recent gains.
Asian Shares Move Mostly Higher Amid Trade Talk Optimism
Fri, 20 Sep 2019 08:34:38 GMT
Asian stock markets ended mostly higher on Friday amid optimism that the stimulus packages by central banks around the world would help bolster slowing economic growth. The focus also shifted to the U.S.-China trade war as investors digested news that U.S. and Chinese deputy trade negotiators resumed trade talks for the first time in almost two months on Thursday.
European Markets Seen Opening Higher
Fri, 20 Sep 2019 06:08:46 GMT
European markets look headed for a positive start on Friday amid optimism the stimulus packages announced by central banks will help boost economic growth in the region.
Sensex, Nifty Pare Some Gains After Buoyant Start
Fri, 20 Sep 2019 04:20:24 GMT
Indian stocks opened higher Friday morning, tracking gains in Asian markets amid hopes stimulus packages announced by central banks will help revive economic growth.
Asian Markets Mostly Higher With Modest Gains
Fri, 20 Sep 2019 03:43:17 GMT
Asian stock markets are mostly higher on Friday despite the mixed cues overnight from Wall Street amid continued uncertainty about the outlook for interest rates following the U.S. Federal Reserve's monetary policy announcement on Wednesday. Gains are modest in most markets as investors digested news that the U.S. and Chinese deputy trade negotiators have resumed face-to-face talks.
Indian Shares Seen Opening On Mixed Note
Fri, 20 Sep 2019 03:07:06 GMT
Indian stocks are likely to open on a mixed note Friday morning, with investors looking for direction after the previous session's sharp setback.
Steady Start Predicted For Thai Stock Market
Fri, 20 Sep 2019 02:30:04 GMT
The Thai stock market has finished lower in back-to-back trading days, sliding almost 25 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,640-point plateau and it's expected to remain in that neighborhood again on Friday.
Indonesia Stock Market May Be Stuck In Neutral
Fri, 20 Sep 2019 02:00:04 GMT
The Indonesia stock market on Thursday snapped the two-day winning streak in which it had advanced more than 55 points or 0.9 percent. The Jakarta Composite Index now rests just beneath the 6,245-point plateau and it may spin its wheels again on Friday.
Japanese Market Advances
Fri, 20 Sep 2019 01:49:23 GMT
The Japanese stock market is advancing on Friday despite the lackluster cues overnight from Wall Street as investors shifted focus to the U.S.-China trade talks. Investors digested news that the U.S. and Chinese deputy trade negotiators have resumed face-to-face talks for the first time in almost two months on Thursday.
Hong Kong Stock Market Overdue For Support
Fri, 20 Sep 2019 01:15:04 GMT
The Hong Kong stock market has finished lower in four straight sessions, tumbling almost 900 points or 3.2 percent along the way. The Hang Seng Index now rests just beneath the 26,470-point plateau although it may find traction on Friday.
Australian Market Extends Gains
Fri, 20 Sep 2019 01:07:58 GMT
The Australian stock market is rising on Friday, extending gains from the previous session despite the mixed cues overnight from Wall Street. Investors digested news that the U.S. and Chinese deputy trade negotiators have resumed face-to-face talks for the first time in almost two months on Thursday.
China Shares: Resistance Expected At 3,000 Points
Fri, 20 Sep 2019 01:00:04 GMT
The China stock market has climbed higher in consecutive trading days, advancing more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just shy of the 3,000-point plateau although investor may cash in on Friday.
Little Movement Seen For Taiwan Stock Market
Fri, 20 Sep 2019 00:30:04 GMT
The Taiwan stock market has finished lower in two of three days since the end of the three-day winning streak in which it had advanced more than 140 points or 1.4 percent. The Taiwan Stock Exchange now rests just beneath the 10,900-point plateau and it's likely to hover around that mark again on Friday.
Singapore Bourse Due For Support On Friday
Fri, 20 Sep 2019 00:00:04 GMT
The Singapore stock market has finished lower in four straight sessions, sliding almost 55 points or 1.7 percent along the way. The Straits Times Index now rests just beneath the 3,160-point plateau although it may stop the bleeding on Friday.
Malaysia Stock Market Expected To Remain Rangebound
Thu, 19 Sep 2019 23:30:04 GMT
The Malaysia stock market has moved lower in two straight sessions, slipping more than 8 points or 0.5 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,595-point plateau and it may be stuck in neutral on Friday.
South Korea Stock Market May Hit Resistance At 2,100 Points
Thu, 19 Sep 2019 23:00:04 GMT
The South Korea stock market climbed higher in 10 straight sessions, accelerating almost 110 points or 5.6 percent along the way. The KOSPI now rests just above the 2,080-point plateau although it may run out of steam on Friday.
Darden Reaffirms FY20 Outlook; Announces $500 Mln Share Buyback, Qtly Dividend
Thu, 19 Sep 2019 11:12:25 GMT
While reporting financial results for the first quarter on Thursday, Darden Restaurants, Inc. (DRI) reaffirmed its financial outlook for the full-year 2020, which is a 53-week fiscal year. The outlook includes the impact of the additional week.
Weak snacks demand, international challenges hit General Mills sales
Wed, 18 Sep 2019 20:11:00 GMT
Cheerios maker General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday.
General Mills Q1 Profit Tops Estimates, Organic Sales Down 1% - Quick Facts
Wed, 18 Sep 2019 11:28:25 GMT
General Mills (GIS) said its profit and earnings growth were ahead of its expectations for the first-quarter. Net sales decreased 2 percent, while organic net sales were down 1 percent, for the quarter. The decline in organic net sales was due to lower organic volume, partially offset by positive organic net price realization and mix across all operating segments. Looking forward, the company reaffirmed its fiscal 2020 outlook. Shares of General Mills were down more than 4 percent in pre-market trade on Wednesday.
Kingfisher H1 Adj. Pre-tax Profit Rises; LFL Sales Down 1.8% - Quick Facts
Wed, 18 Sep 2019 06:32:07 GMT
Kingfisher plc (KGF.L) reported that its adjusted pre-tax profit was up 3.7 percent for the 6 months ended 31 July 2019, reflecting lower transformation P&L costs. Like-for-like sales were down 1.8 percent with growth in Screwfix, Poland and Romania offset by B&Q and France. Looking forward, Kingfisher said the outlook across its main markets for the rest of the year remains mixed, with the UK facing ongoing uncertainty. For fiscal 19/20, gross margin percentage guidance is unchanged. Kingfisher also announced that Thierry Garnier will join as CEO on 25 September.
TransferWise, the $3.5 billion fintech firm backed by Peter Thiel, posts its third year of profit
Wed, 18 Sep 2019 04:00:00 GMT
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.
Chewy shares slide despite narrower-than-expected second quarter loss
Tue, 17 Sep 2019 21:30:00 GMT
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.
Adobe shares fall on soft guidance
Tue, 17 Sep 2019 20:19:00 GMT
Adobe's quarterly guidance was light, but the stock still went up after its fiscal third quarter results beat expectations.
FedEx falls 9% after missing on earnings, lowering 2020 guidance
Tue, 17 Sep 2019 20:08:00 GMT
In August, FedEx announced it was ending its ground delivery contract with Amazon.
Cracker Barrel Guides FY20 Above Estimates - Quick Facts
Tue, 17 Sep 2019 12:51:14 GMT
While reporting financial results for the fourth quarter of fiscal 2019 on Tuesday, Cracker Barrel Old Country Store, Inc. (CBRL) initiated earnings and revenue guidance for the full-year 2020, above analysts' estimates.
Apogee Enterprises Reaffirms FY20 Adj. EPS Outlook - Quick Facts
Tue, 17 Sep 2019 10:51:22 GMT
While reporting financial results for the first quarter of fiscal 2020 on Tuesday, Apogee Enterprises, Inc. (APOG) reaffirmed earnings and revenue growth guidance for the full-year 2020.
Oracle CEO Mark Hurd to take a leave of absence for health reasons
Wed, 11 Sep 2019 20:12:00 GMT
Oracle's Mark Hurd, who was hired by founder Larry Ellison in 2010, is taking a leave of absence, the company said on Wednesday.
GameStop shares tank after earnings miss, cuts sales forecast
Tue, 10 Sep 2019 21:04:00 GMT
Shares of GameStop tanked after the company reported second quarter earnings and sales that missed analysts' expectations.
Christopher & Banks Backs FY19 Sales Outlook - Quick Facts
Tue, 10 Sep 2019 11:01:48 GMT
Specialty women's apparel retailer Christopher & Banks Corp. (CBKC) reported Tuesday that comparable sales for the second quarter declined 4.1 percent following a 0.8 percent increase in the same period last year. Comparable sales for the third quarter to-date are also running positive in mid-single digits.
DocuSign rises more than 21% on revenue beat and strong guidance
Fri, 06 Sep 2019 14:51:00 GMT
The enterprise cloud company beat analyst expectations on revenue and provided strong guidance for the next quarter and full fiscal year.
Genesco Q2 Comps Up 3%; Boosts FY20 Adj. EPS Outlook - Quick Facts
Fri, 06 Sep 2019 11:45:52 GMT
Specialty retailer Genesco, Inc. (GCO) announced Friday that comparable sales increased 3 percent, with stores up 1 percent and direct up 20 percent, for the second quarter.
Brady Corp. Guides FY20 EPS In Line With Estimates - Quick Facts
Fri, 06 Sep 2019 11:24:08 GMT
While reporting financial results for the fourth quarter on Friday, Brady Corp. (BRC) initiated its earnings guidance for the full-year 2020.
High-flying IPOs Crowdstrike, Zoom, and Medallia shares tank after quarterly results
Fri, 06 Sep 2019 10:20:00 GMT
Three of Wall Street's top-performing IPO stocks in 2019 tumbled after the companies' quarterly results failed to satisfy investors and justify their high valuations.
Interesting Stocks To Watch On Sept. 6 (SAIC, ZM, DOCU, LULU)
Fri, 06 Sep 2019 09:23:33 GMT
What makes these stocks interesting? Science Applications International Corp. (SAIC) Zoom Video Communications Inc. (ZM) DocuSign (DOCU) lululemon athletica inc. (LULU)
Lululemon shares rise as growth in men's sales drives earnings beat
Thu, 05 Sep 2019 20:11:00 GMT
Lululemon in April said it plans to double its men's and online sales over the next five years, targeting annual revenue growth in the low teens during that time.
Lululemon is rallying on earnings, and history points to another 17% surge ahead
Thu, 05 Sep 2019 19:29:00 GMT
Lululemon has done some heavy lifting this year. Two traders discuss whether there are more highs ahead.
John Wiley & Sons Cuts FY20 Adj. EPS Outlook - Quick Facts
Thu, 05 Sep 2019 12:22:37 GMT
While reporting financial results for the first quarter of fiscal 2020 on Thursday, research and education company John Wiley & Sons, Inc. (JW-A, JW-B) lowered its adjusted earnings guidance for the full-year 2020, while raising annual revenue outlook.
G-III Apparel Cuts FY20 Earnings Outlook - Quick Facts
Thu, 05 Sep 2019 11:16:56 GMT
While reporting financial results for the second quarter on Thursday, G-III Apparel Group, Ltd. (GIII) lowered its earnings guidance for the full-year 2020, while raising annual sales outlook.
Slack plunges after posting first earnings report since going public
Wed, 04 Sep 2019 19:30:00 GMT
Slack's revenue got impacted in its first earnings report as a public company by service issues that caused the company to offer credits to customers.
American Eagle Guides Q3 Adj. EPS Below View - Quick Facts
Wed, 04 Sep 2019 12:31:41 GMT
While reporting financial results for the second quarter on Wednesday, specialty retailer American Eagle Outfitters, Inc. (AEO) provided earnings and comparable sales growth guidance for the third quarter.
JetBlue slides after lowering guidance on Dorian impact, demand concerns
Wed, 04 Sep 2019 12:03:00 GMT
JetBlue says a key revenue metric might contract in the third quarter, partially due to the impact of Hurricane Dorian.
Campbell Soup shares rise after beating profit estimates on cost cuts
Fri, 30 Aug 2019 12:47:00 GMT
Campbell Soup reports better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares climbing before the bell.
Abercrombie & Fitch cuts full-year sales forecast on tariff impact
Thu, 29 Aug 2019 12:21:00 GMT
The apparel maker is grappling with the impact of increased U.S. tariffs on Chinese goods.
Best Buy shares sink after quarterly sales miss and looming tariffs on core products weigh on stock
Thu, 29 Aug 2019 12:20:00 GMT
Investors were pessimistic even though Best Buy reported earnings that beat expectations by 9 cents and raised its guidance for the fiscal year.
So-Young Q2 Net Income Rises - Quick Facts
Thu, 29 Aug 2019 12:15:40 GMT
Chinese online healthcare company So-Young International Inc. (SY) on Thursday reported a net income of RMB29.3 million or $4.3 million for the second quarter, higher than RMB8.9 million in the prior-year quarter.
Abercrombie & Fitch Trims FY19 Sales Growth Outlook - Quick Facts
Thu, 29 Aug 2019 12:00:01 GMT
While reporting financial results for the second quarter on Thursday, Abercrombie & Fitch Co. (ANF) trimmed its sales growth guidance for the full-year 2019 and provided sales growth guidance for the third quarter.
Best Buy Raises FY20 Outlook - Quick Facts
Thu, 29 Aug 2019 11:29:09 GMT
While reporting financial results for the second quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) raised its adjusted earnings and enterprise revenue guidance for the full-year 2020.
Dollar General soars, Dollar Tree slips as retailers raise forecasts, despite looming tariffs ahead
Thu, 29 Aug 2019 11:09:00 GMT
The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration's latest tariffs on some Chinese imports, including holiday merchandise.
Dollar General Raises FY19 Outlook - Quick Facts
Thu, 29 Aug 2019 10:53:24 GMT
While reporting financial results for the second quarter on Thursday, Dollar General Corp. (DG) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2019.
Tech Data Guides Q3 In Line With View; Announces Addl. $200 Mln Share Buyback
Thu, 29 Aug 2019 10:15:28 GMT
While reporting financial results for the second quarter on Thursday, Tech Data Corp. (TECD) provided earnings and net sales outlook for the third quarter, in line with analysts' estimates.
Coty's quarterly loss widens on $3 billion writedown
Wed, 28 Aug 2019 10:48:00 GMT
Quarterly revenue was hurt by sluggish demand in Coty's biggest segment, consumer beauty.
Tiffany revenue falls, hurt by Hong Kong unrest, and sales could be hit harder if protests continue
Wed, 28 Aug 2019 10:45:00 GMT
Tiffany's quarterly earnings top expectations, but sales fall short. The luxury jeweler also maintained its outlook for the full year.
RTL Group H1 EBITA Broadly Stable, Revenue Up 4.6%; Approves New Dividend Policy
Wed, 28 Aug 2019 06:35:15 GMT
RTL Group (AUO.F) said it had a successful first half of the year 2019 as the content and digital businesses further accelerated it growth. The company's Board approved a new dividend policy going forward, targeting a pay-out ratio of at least 80 percent of the adjusted net profit attributable to shareholders, payable after the AGM. Separately, RTL Group announced a new leadership structure. Also, RTL Group said its Executive Committee and Board have decided a strategic review of its ad-tech businesses.
Constellation Brands Warns Of Loss From Investment In Canopy Growth
Wed, 28 Aug 2019 05:05:03 GMT
Brewer Constellation Brands Inc (STZ, STZ-B) has warned it expects to incur a loss of about $54.3 million in the latest quarter from its billion-dollar investment in Canadian cannabis company Canopy Growth Corp. (CGC, WEED.TO).
Autodesk shares plunge on trade war concerns
Tue, 27 Aug 2019 20:39:00 GMT
Autodesk said that due to "trade tensions and macro uncertainty," it lowered its revenue outlook for the year.
HPE jumps as it raises full-year guidance
Tue, 27 Aug 2019 20:06:00 GMT
HPE's revenue has now fallen on an annualized basis for three consecutive quarters, but the company raised its guidance forecast for the full fiscal year.
Lancaster Colony Q4 Profit Rises, But Results Miss View - Quick Facts
Tue, 27 Aug 2019 11:47:55 GMT
Lancaster Colony Corp. (LANC), a maker of specialty food products, on Tuesday reported net income for the fourth quarter of $33.0 million or $1.20 per share, up slightly from $32.4 million or $1.18 per share last year.
J. M. Smucker Lowers FY20 Adj. EPS, Sales Outlook - Quick Facts
Tue, 27 Aug 2019 11:17:31 GMT
While reporting financial results for the first quarter of fiscal 2020 on Tuesday, J. M. Smucker Co. (SJM) lowered its adjusted earnings and net sales growth guidance for the full-year 2020.
Scotiabank Boosts Qtly Dividend By Three Cents - Quick Facts
Tue, 27 Aug 2019 10:13:47 GMT
Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called as Scotiabank, announced Wednesday a three cents higher dividend of $0.90 per share on the outstanding shares of the Bank, payable October 29, 2019 to shareholders of record at the close of business on October 1, 2019.
Hibbett Sports Boosts FY20 Adj. EPS Outlook - Quick Facts
Fri, 23 Aug 2019 10:53:45 GMT
While reporting financial results for the second quarter on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) reported that comparable store sales for the second quarter edged up 0.3 percent. The company also raised its adjusted earnings guidance for the full-year 2020.
DICK'S Sporting Goods Boosts FY19 EPS Outlook - Quick Facts
Thu, 22 Aug 2019 11:48:13 GMT
While reporting financial results for the second quarter on Thursday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings guidance for the full-year 2019.
BJ's Wholesale Club Maintains FY19 Outlook - Quick Facts
Thu, 22 Aug 2019 10:52:56 GMT
While reporting financial results for the second quarter on Thursday, BJ's Wholesale Club Holdings Inc. (BJ) maintained its earnings and net sales guidance for the full-year 2019.
Hormel Foods Trims FY19 Sales Outlook, Reaffirms EPS View - Quick Facts
Thu, 22 Aug 2019 10:47:58 GMT
While reporting financial results for the third quarter on Thursday, branded food company Hormel Foods Corp. (HRL) reaffirms its earnings guidance for the full-year 2019, while trimming annual net sales outlook as its navigates near-term uncertainty related to African swine fever.
CIBC Boosts Quarterly Dividend - Quick Facts
Thu, 22 Aug 2019 10:10:10 GMT
While reporting financial results for the third quarter on Thursday, Canadian Imperial Bank of Commerce or CIBC (CM.TO, CM) announced that its board of directors declared a dividend of C$1.44 per share on common shares for the quarter ending October 31, 2019, an increase of four cents from the previous quarter.
Interesting Stocks To Watch On Aug. 22 (SPLK, SNPS)
Thu, 22 Aug 2019 05:46:11 GMT
What makes these stocks interesting? Splunk Inc. (SPLK) Synopsys Inc. (SNPS)
Victoria's Secret drags down parent company L Brands second-quarter earnings
Wed, 21 Aug 2019 21:00:00 GMT
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.
Nordstrom shares jump after delivering strong fiscal second-quarter profit, even as sales weaken
Wed, 21 Aug 2019 20:14:00 GMT
Here's what Nordstrom reported for its fiscal second-quarter earnings.
Target CEO: The US trade war creates 'uncertainty' and 'complexity'
Wed, 21 Aug 2019 12:34:00 GMT
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.
Toll Brothers profit beat is clouded by weakness in orders
Wed, 21 Aug 2019 11:30:00 GMT
Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.
Cardinal Health warns ongoing opioid-related lawsuits to hit business
Wed, 21 Aug 2019 11:03:00 GMT
Drug distributor Cardinal Health warned that its business could be hurt as it defends itself against several opioid-related lawsuits.
Target shares surge 19% as second-quarter profit jumps and earnings outlook is hiked
Wed, 21 Aug 2019 10:30:00 GMT
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.
Lowe's stock soars after the retailer beats second-quarter earnings and revenue estimates
Wed, 21 Aug 2019 10:03:00 GMT
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.
Kohl's second-quarter profits beat expectations, but sales miss the mark
Tue, 20 Aug 2019 11:04:00 GMT
Kohl's says a strong start to the back-to-school season and new partnership with Amazon helped it beat earnings expectations.
Home Depot stock rises on better-than-expected profits even as the company lowers outlook
Tue, 20 Aug 2019 09:23:00 GMT
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."
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