Adobe’s stock fell as much as 5 percent on Thursday (June 14), even though the company reported better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on June 1. Get the Full Story Complete the form to unlock this article and...
With weeks to go before its “go private” deal, Verifone reported earnings Friday that showed mixed results. 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...
Ralph Lauren earnings report showed its North America revenue in the fourth quarter decreased 14 percent as the retailer continues to struggle in the region. However, the company topped analysts’ profit and sales forecasts for at least its eighth consecutive quarter. Get the Full Story...
Despite strong comp growth through its eCommerce website, Lowe’s posted lower-than-expected earnings following unseasonable weather in the first quarter. The home improvement retailer’s earnings per share stood at $1.19 with top-line revenues of $17.4 billion, compared to analysts’ estimates of $1.25 and $17.63 billion, respectively....
Walmart managed to mostly exceed analysts expectations when it released its latest earnings figures earlier today (May 17), news that sent its stock up 1.9 percent in premarket trading. In particular, the big-box retailer reported strength in sales, consumer spend, inventory reduction, eCommerce activity and...
It looks like Macy’s comeback plans are actually starting to take hold, as the long-struggling department store chain managed to pick up the pace on profits and notch a fairly sizable earnings beat, according to CNBC reports. Get the Full Story Complete the form to...
After shares of Symantec plunged last week following its disclosure of an internal investigation over concerns flagged by an ex-employee, the company said it would provide information about the probe in an investor call on Monday (May 14). The news sent the company’s shares soaring...
Symantec shares dropped nearly $10 in the largest decline since 2001 when the company said its board’s audit committee was in the process of looking at “concerns” flagged by an ex-employee. In addition, the stock was downgraded by several analysts, Reuters reported. Get the Full Story...
Symantec warned Thursday (May 10) that its financial results and earnings targets could be altered depending on the outcome of an internal investigation brought on by the concerns of an ex-employee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
