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Earnings reports

November 20, 2018 - 1:27 pm

Shoppers spend freely heading into the holidays

NEW YORK (AP) — Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers are giving Wall Street pause. Target Inc., Kohl's Corp., Best Buy Co. and TJX Cos. all reported strong sales at stores opened at least a year. That's a key...
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In a photo taken Friday, Nov. 16, 2018, Target employee Lindsay Walker scans an item as she collects merchandise from shelves to prep them for an online order at a Target store in Edison, N.J. Target Corp. reports earnings Tuesday, Nov. 20. (AP Photo/Julio Cortez)
November 20, 2018 - 7:52 am

Target misses on profit, shares slide

MINNEAPOLIS (AP) — Target's ramped up investments online and in stores are bringing in shoppers, but they're also bruising the bottom line. Company shares fell sharply before the opening bell Tuesday after Target missed profit expectations for the third quarter, the last look at the retailer's...
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FILE- In this Nov. 9, 2018, file photo shoppers look at toys at a Walmart Supercenter in Houston. Walmart Inc. reports earnings Thursday, Nov. 15. (AP Photo/David J. Phillip, File)
November 15, 2018 - 3:03 pm

Walmart flexes its muscle against Amazon

NEW YORK (AP) — Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales growth into its 11th straight quarter that was helped by services such as online grocery pickup. It also...
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FILE- In this May 16, 2018, file photo, traffic makes it's way past the Macy's flagship store in New York. Macy's Inc. reports earnings Wednesday, Nov. 14. (AP Photo/Mary Altaffer, File)
November 14, 2018 - 8:54 am

Macy's heads into the holiday season like a boss

CINCINNATI (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also upped its annual earnings...
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November 14, 2018 - 6:44 am

Danish shipper: US-China trade war hits container trade

HELSINKI (AP) — Danish shipping group A.P. Moller-Maersk is warning that trade tensions between the United States and China could weigh on business. The company said a brewing trade war between the two had created uncertainty and could "reduce global container trade by 0.5 to 2.0 percent during...
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FILE - In this Sept. 10, 2018 file photo, Jim Craig, David Burke and Chris Rayner load generators as people buy supplies at The Home Depot in Wilmington, N.C. Home Depot Inc. reports earnings Tuesday, Nov. 13. (Ken Blevins/The Star-News via AP, File)
November 13, 2018 - 8:11 am

Homeowners are spending, Home Depot is winning

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8...
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FILE- In this Nov. 7, 2018, file photo trader Timothy Nick, center, works with specialist Michael O'Mara on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Nov. 12. (AP Photo/Richard Drew, File)
November 12, 2018 - 3:43 pm

Tech giants slide, pulling US stock market sharply lower

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 500 points off the Dow Jones Industrial Average. Apple, Amazon, Goldman Sachs and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy...
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FILE - In this Saturday, Sept. 22, 2018 file photo, models wear creations as part of the Salvatore Ferragamo women's 2019 Spring-Summer collection, unveiled during the Fashion Week in Milan, Italy. The Salvatore Ferragamo fashion house says earnings in the first nine months of the year were down 18 percent as sales of the trademark footwear slumped. The leather goods and apparel maker on Thursday, Nov. 8 reported net profit of 65 million euros ($74 million) in the period, compared with 79 million euros in the first nine months of 2017. (AP Photo/Antonio Calanni, file)
November 08, 2018 - 2:04 pm

Ferragamo profits slump on lower footwear sales

MILAN (AP) — The Salvatore Ferragamo fashion house says earnings in the first nine months of the year were down 18 percent as sales of the trademark footwear slumped. The leather goods and apparel maker on Thursday reported net profit of 65 million euros ($74 million) in the period, compared with...
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FILE- This June 14, 2018, file photo shows a Nissan logo at the automaker's showroom in Tokyo. Japanese automaker Nissan is reporting an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. Nissan Motor Co. reported a July-September profit of 130.4 billion yen ($1.1 billion) Thursday, Nov. 8, 2018, down from 141.6 billion yen the same period a year earlier.(AP Photo/Shuji Kajiyama, File)
November 08, 2018 - 3:58 am

Nissan sees profit dip as sales fall, offsetting cost cuts

TOKYO (AP) — Japanese automaker Nissan reported Thursday an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. Nissan Motor Co.'s July-September profit totaled 130.4 billion yen ($1.1 billion) Thursday, down from 141.6 billion yen the same period a...
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November 07, 2018 - 5:43 am

BMW earnings fall amid market trouble over emissions tests

FRANKFURT, Germany (AP) — Germany luxury automaker BMW said Wednesday that its net profit fell 24 percent in the third quarter as the company spent more on new technology and faced market disruptions due to other companies failing to get vehicles certified in time for new European Union emissions...
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