The kickoff to earnings season usually has two firms reporting on the same day — JPMorgan and Wells Fargo — and the stories diverge wildly even though the same broad forces are at play. Tax cuts may have dominated the headlines, but then again, the tale remained...
In response to weak sales at Walgreens Boots Alliance Inc., following the retailer’s decision to add nearly 2,000 Rite Aid locations to its store base, a Morningstar analyst is questioning how long it will take for the acquisition to boost the company’s bottom line, Reuters...
Verifone showed some stronger than expected results when it reported its Q4 2017 earnings yesterday — with both revenue and earnings coming in ahead of analyst expectations. Shares were down in after-hours trading, as Verifone’s forecasts for fiscal year 2018 and next quarter both came...
Might Wells Fargo be turning a corner with a bit of tailwind from tax reform? CNBC reported that the company’s CEO, Tim Sloan, speaking at a banking conference held by Goldman Sachs on Dec. 5, said customer interaction with Wells has seen “reasonable momentum” and...
Kroger is forecasting some good news for the final quarter of the year — on top of announcing a better-than-expected earnings report for Q3 2017. Wall Street noticed and rewarded Kroger for the turnaround in performance with a 12.5 percent spike in their stock price. Kroger is...
Intuit announced its Q1 FY2018 earnings this week, posting better-than-expected results for the firm and highlighting growth fueled by QuickBooks. “We are off to a strong start growing first-quarter revenue 14 percent and exceeding our overall financial targets,” Intuit chairman and chief executive officer Brad...
It’s probably a bit premature to say that the Gap is back, but its latest earnings results give at least some indication that signs of life are returning to the long-embattled chain. And that was enough to make investors pretty happy: Gap stocks shot up...
Walmart shareholders got an early holiday gift this year, in the form of a stock price that jumped 10 percent shortly after the market opened today. This came as the nation’s largest retailer by sales managed to notch solid beats across the board in revenue, comparable sales...
Best Buy’s Q3 earnings report disappointed analysts this week, as both results and forecasts for the coming holiday quarter came in below expectations, according to news from CNBC. Same-store sales rose at Best Buy during Q3 — up 4.4 percent — but not by as much as...
