After a contraction in the first quarter of 0.3 percent, blue-chip firms in the United States are forecasted to have a 2.8 percent fall in earnings per share for April to June. If those forecasts are realized, the two consecutive quarters of shrinking earnings would...
Despite that fact that stocks are reaching near record highs, 77 percent of companies that have issued pre-announcements ahead of earnings reports said profits will be under Wall Street expectations, according to CNBC. Analysts have already forecasted a decline for the first three quarters of...
All eyes were on Uber's first quarterly report as a publicly traded company. Management pointed to some improvements in the competitive pricing dynamics in ridesharing that may help soothe red ink (even as growth slowed on a year-over-year basis, and saw synergies forming between ridesharing and...
With consumers reigning in spending in South Africa, retailer Massmart cuts its earnings per share forecast for the first half of the year and named Mitchell Slape, a Walmart executive, as its new CEO. Get the Full Story Complete the form to unlock this article...
Lowe’s reported its Q1 earnings on Wednesday (May 22), and the results were mixed – the company’s online sales were up 16 percent, while shares fell 10 percent due to higher costs, forcing the company to cut its forecast, according to a report by CNBC....
It looks like rough sledding for Kohl’s ahead, but is Amazon to be a savior? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Pinterest revealed its Q1 financials in its first earnings report as a public company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Despite a recent string of disappointing news updates out of the retail sector, Walmart managed to surprise investors with better-than-expected earnings when the Q1 results went live earlier today – in fact, the retailer put up its best same-store sales results in about nine years....
Today’s news is something of a departure from the more mournful tone of Macy’s Q4 earnings release, when a holiday shopping season that was forecast to come up big for the retailer ended up fizzling rather than sizzling. Things were a bit more upbeat this time...
