A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Daniel Acker | Bloomberg | Getty Images Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said
Earnings
Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the
Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Lisa Maree Williams | Getty Images Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects
A Stamps.com promotional image Source: Stamps.com There’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 50% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations. The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million.
A Domino’s Pizza food delivery courier drives a moped away from a Domino’s Pizza store in Hanwell, London. Jason Alden| Bloomberg | Getty Images Domino’s Pizza on Thursday reported quarterly earnings and revenue that topped analysts’ expectations after strong U.S. sales, despite increased competition. Shares of the company soared 17% in premarket trading. Here’s what
Groupon Inc. signage is displayed at company headquarters in Chicago, Illinois Tim Boyle | Bloomberg | Getty Images Shares of Groupon dropped 25% during extended trading Tuesday after the company reported fourth-quarter financial results that missed analyst expectations for the top and bottom line. The e-commerce company reported fourth-quarter earnings of 7 cents per share excluding
Rafael Henrique | SOPA Images | Getty Images Chipmaker Analog Devices on Wednesday forecast second-quarter revenue that fell short of analysts’ estimates, as the company accounted for a $70 million hit related to the coronavirus outbreak. Analog Devices joins Apple and a host of other companies expecting potential damages from the rapidly spreading virus, which
Dish Networks exhibit at CES 2016 in Las Vegas. Justin Solomon | CNBC U.S. satellite TV provider Dish Network’s quarterly results beat Wall Street estimates on Wednesday, as it lost fewer pay-TV subscribers. Dish has been struggling to retain subscribers for its pay-TV business, as customers shift to online streaming services including those from Netflix,
Apple said Monday that it does not expect to meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak. The company initially said that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Apple did
Medtronic Chairman and CEO Omar Ishrak Ethan Miller | Getty Images Medtronic missed estimates for third-quarter revenue on Tuesday as its heart device unit reported a slowdown in demand ahead of new product launches, and warned of a hit to its fourth quarter from the coronavirus outbreak. Shares of the world’s largest standalone medical device
A shopper pushes 2 carts full of Morf Boards, a popular kids toy, through a Walmart in Phoenix, Arizona. Dominic Valente | The Washington Post | Getty Images Walmart is set to report earnings for the holiday quarter before the bell on Tuesday, the same day it will be holding a highly anticipated meeting with
MGM Resorts chairman and CEO Jim Murren has told the company’s board that he is stepping down, prior to his contract ending, the company announced Wednesday. He will serve in his role until a successor is appointed, it said. Murren has been CEO since 2008, and he has been with the casino operator since 1998.
Cisco reported fiscal second-quarter results that beat analysts’ estimates on Wednesday, but investors were not impressed with the company’s continuing revenue declines, and the stock is now trading down around 4% after hours. Here are the key numbers: Earnings: 77 cents per share, excluding certain items, vs. 76 cents per share as expected by analysts,
Marijuana plants grow in the Mother Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada, on Tuesday, Dec. 19, 2017. Chris Roussakis | Bloomberg | Getty Images Canopy Growth said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and
Simon Dawson | Bloomberg | Getty Images AstraZeneca forecast a likely slowdown in revenue growth this year, assuming a hit from China’s coronavirus epidemic lasting up to a few months, although it added there had been limited disruption to its operations so far. Shares in the company, one of the world’s major drugmakers, tumbled as
Anthony Wood David Orrell | CNBC Roku reported earnings for its fourth quarter of 2019 Thursday that beat analyst estimates for quarterly revenue and included a lower loss per share than analysts expected. Shares of Roku rose as much as 9% after hours on the report but later settled around 5%. Here are the key
A screen displays the transaction volume of the 24-hour Alibaba Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 12, 2019. Reuters China’s Alibaba beat analysts’ estimates for quarterly results on Thursday, driven by record sales during its annual Singles’ Day shopping blitz and demand for its cloud computing business. The e-commerce
Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz said Thursday it would be pushing back the unveiling of its turnaround plan from March to May. The announcement came as the company saw its sales decline in the fourth quarter, despite higher prices. Net sales fell 5.1% to $6.54 billion, missing Wall Street’s
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.45, adjusted, vs. $1.44 expected Revenue: $20.67 billion, vs.
Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing warned Wednesday that the coronavirus outbreak could hurt aircraft deliveries in the first quarter of the year, as traffic in Asia
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