Business News
Costco Wholesale stock gains after Q2 earnings beat estimates
Benefitting from strong store traffic and online sales, warehouse retailer Costco Wholesale Corp. (COST) Thursday reported a 26% growth in…
Burlington Stores Q4 earnings beat; stock falls on revenue miss, guidance
Burlington Stores (BURL) reported a decline in fourth-quarter earnings, mainly owing to higher taxes, despite an increase in revenues. Earnings…
Tilray rides on successful cannabis harvest in Europe
Tilray’s (TLRY) stock made strong gains early Wednesday after the Canadian marijuana giant said its European arm had a very…
Dollar Tree stock gains on Q4 earnings beat, positive guidance
Earnings of discount store operator Dollar Tree, Inc. (DLTR) increased and exceeded estimates in the fourth quarter, supported by an…
NIO Q4 loss narrows amid strong delivery growth; stock falls on weak guidance
Chinese electric car maker NIO, Inc. (NIO) reported a narrower net loss for the fourth quarter when a sharp increase…
Earnings preview: Weak holiday sales might weigh on Big Lots’ Q4 results
Big Lots (BIG) will be reporting its fourth-quarter results Friday before the opening bell. It is widely expected that the…
Papa John’s is in recovery mode after truce with estranged founder
Ending months of uncertainty, Papa John’s (PZZA) is finally coming out of the worst phase in its history, when the controversy…
GM to begin production cut this week with closure of Ohio plant
The restructuring program kicked off by General Motors (GM) recently has reached a crucial phase, with the company doing preparations…
Earnings preview: A weak Q3 awaits H&R Block as tax-reform blues persist
H&R Block (HRB) has been an unsuspecting victim of the tax revision implemented by the federal government more than a…
Biogen buys Nightstar, eyeing a bigger pie in ophthalmic gene therapy
Continuing the efforts to diversify into new areas of drug development, Biogen (BIIB) this week clinched an important deal that…
Earnings preview: Urban Outfitters (URBN) might win holiday season with digital push
There has been speculation that the quarterly results of specialty retailers would be affected by the relatively weak holiday season.…
Under investor pressure, eBay commits to review of non-core businesses
Responding to the demand by activist investors to bring discipline to its operations, eBay (EBAY) has announced fresh initiatives under…
Earnings: Dentsply Sirona Q4 profit beats despite revenue drop; stock jumps
Dentsply Sirona (XRAY), a provider of dental products and technology, reported a decline in earnings and revenues for the fourth…
Earnings: Marriott International stock drops on Q4 revenue miss
Hotel franchisor Marriott International (MAR) reported stronger than expected earnings for the fourth quarter of 2018. However, the company’s stock…
3D Systems stock gains as Q4 earnings beat amid strong printer sales
Shares of 3D Systems Corp. (DDD) moved up Thursday after the company reported higher earnings and revenues for the fourth…
Earnings preview: Tough holiday season could be a drag on Kohl’s Q4 results
There has been apprehension about the fourth-quarter performance of Kohl’s (KSS) after the department store chain issued a weak outlook…
Monster Beverage stock rallies after Q4 profit beats on record sales
Monster Beverage Corp. (MNST) has reported double-digit growth in fourth-quarter earnings and revenues, aided by the solid demand for its…
Fitbit swings to Q4 profit amid strong device sales; stock falls on weak guidance
Wearable maker Fitbit (FIT) reported a net profit for the fourth quarter compared to a loss in the prior-year period.…
Earnings preview: Autodesk bets on BIM 360 platform to drive Q4 growth
Shares of design software company Autodesk (ADSK) climbed to an all-time high ahead of its fourth-quarter earnings report, which will…
Office Depot Q4 profit tops Street view; reaffirms FY19 outlook
Office Depot (ODP), a leading provider of office supplies, reported a modest increase in adjusted earnings in the fourth quarter…
Caterpillar stock sinks after double downgrade by UBS, citing construction slump
The current slowdown in building activity across major markets, amid softening economic growth, is taking a toll on the construction…