Corporate News
Here is the latest Company News from CNBC.
Gap shares slide on weak 2016 outlook
The retailer met quarterly earnings expectations of 57 cents per share, but its fiscal 2016 earnings estimates came in light.
Kraft Heinz beats estimates, declares dividend
Kraft Heinz reported quarterly earnings and revenue that topped analysts’ expectations on Thursday.
Herbalife beats Street, gives federal probe update
Herbalife soundly beat Wall Street expectations Thursday afternoon, reporting earnings per share of $1.19.
Best Buy forecasts Q1 sales, profit below estimates
Best Buy forecast current-quarter sales and profit below analysts’ estimates as it struggles with falling sales of mobile devices.
Target profit, revenue fall short of expectations
Target reported quarterly earnings and revenue that missed analysts’ expectations on Wednesday.
Lowe’s sales rise a better-than-expected 5.6%
Lowe’s reports a better-than-expected 5.6 percent rise in quarterly sales, helped by a recovery in U.S. housing.
Toll Brothers quarterly revenue rises 8.8%
Toll Brothers, the largest U.S. luxury homebuilder, reported an 8.8 percent rise in quarterly revenue as it sold homes at higher prices.
Macy’s comps fall less than expected
Macy’s reported a 4.3 percent decline in comparable sales, helped by improving sales due to colder weather in January.
Home Depot sales beat on recovery in housing market
Home Depot reported better-than-expected sales as demand rose amid an improvement in the housing market.
Nordstrom stock sinks after discounts dent results
Nordstrom reported lower-than-expected quarterly profit as it offered discounts to clear inventory from the holidays.
Deere profit drops; lowers 2016 income outlook
Deere posted lower earnings as a weak agricultural sector and soft demand in the North American energy sector slowed equipment sales.
Analyst: Why Wal-Mart can make a comeback
Investors will have to be patient, Joseph Feldman of Telsey Advisory Group says.
Deere preps for earnings as Buffett ups stake
With its stock up 7 percent this year and Warren Buffett boosting a stake, Deere reports earnings Friday. Analysts are cautious.
Burger King, Tim Hortons owner’s profit beats
Restaurant Brands reported a better-than-expected profit as menu items such as Burger King’s new flavors of chicken fries boosted sales.
Community Health stock slumps after surprise loss
Investors are worried about a slowdown in patient volumes for hospital operators after a surge following Obamacare.
CBS’s quarterly revenue rises 6.2 percent
CBS said it saw a 6.2 percent rise in quarterly revenue driven by higher revenue from content licensing and distribution.
AIG reports larger-than-expected quarterly loss
AIG reported a larger-than-expected quarterly loss and that it is adding a Carl Icahn-linked board member.
Time Inc quarterly revenue beats estimates
Time Inc. also forecast revenue growth between 1 percent and 5 percent in 2016.
PepsiCo’s quarterly revenue beats estimates
Pepsi reported quarterly earnings that met analysts’ expectations on Thursday.
Cisco shares pop more than 8% on earnings beat
Cisco Systems reported better-than-expected results on Wednesday, posting fiscal second-quarter earnings of 57 cents per share.
Whole Foods earnings beat, stock briefly rises 6%
Whole Foods reported quarterly earnings and revenue that beat analysts’ expectations on Wednesday.
Tesla shares pop 8% despite big Q4 loss
The electric automaker reported a fourth-quarter loss of 87 cents per share, but its shares got a boost from guidance.
Twitter shares fall 7 percent on sequential user decline
Twitter shares fell in Wednesday after-hours trading as the company revealed that its user numbers had declined.
Under Armour demand continues to soar, stock leaps
Under Armour shares rose at least 13.5 percent after the company forecast full-year revenue above Wall Street estimates.
Alibaba revenue beats on strong holiday sales
China e-commerce giant Alibaba’s third-quarter revenue rose 32 percent, helped by holiday shopping.
Visa shares pop 2% on earnings beat
Visa reported EPS of 69 cents a share, beating earnings expectations by a penny.
Amgen beats estimates, raises full-year guidance
Amgen boosted guidance after it beat on fourth-quarter earnings, helped by sales of its rheumatoid arthritis drug Enbrel.
Amazon shares fall as earnings miss big
Amazon missed Wall Street’s expectations for profitability even as its key cloud computing business continued to grow rapidly.
Microsoft tops expectations, shares jump
Investors are particularly enthusiastic about Microsoft’s future business — the company reported deferred revenue above expectations.
UPS fourth-quarter profit surges
United Parcel Service on Tuesday reported quarterly earnings that topped analysts’ expectations, but revenue came in light.
Exxon’s profit tumbles 58% as low crude hurts
Exxon reported a steep drop in earnings as low oil prices hurt results at the world’s largest publicly traded oil company.
Dow Chemical CEO Liveris to retire by mid-2017
Dow Chemical reported better-than-expected quarterly profit on higher margins and that its CEO will retire by mid-2017.
Kors shares jump 20% as less bad is good enough
Shares of Michael Kors surged after the company reported sales and profits that easily topped Wall Street expectations.
Gilead beats on earnings, revenue
Gilead reported quarterly earnings and revenue that beat analysts’ expectations, boosted by sales of its drugs in Japan.
Yahoo to lay off 15%, consider reverse spin
Yahoo also posted quarterly results in line with analysts’ expectations, reporting adjusted earnings of 13 cents per share.
Comcast revenue beats Street estimates
Comcast posted better-than-expected revenue, driven by growth in its media and entertainment unit NBCUniversal.
GM North America Q4 profit tops estimates
GM rode sales of SUVs and pickup trucks to a record profit in 2015, and the automaker reaffirmed its expectation to do better this year.
Merck revenue falls as dollar strengthens
Merck reported a 2.5 percent fall in quarterly revenue, hurt by a strong dollar and declining sales of its Remicade arthritis treatment.
Chipotle shares drop 6% in premarket
Chipotle posted quarterly results that were mixed, but shares fell amid news that the company is now the subject of broader criminal investigation.
Lower-than-expected sales at Buffalo Wild Wings
Shares of Buffalo Wild Wings wavered in after-hours trading on Wednesday.
Yum earnings beat expectations, revenue misses
Yum said China system sales increased 7 percent — with 7 percent unit growth and a 2 percent rise in same-store sales.
GoPro falls as much as 19% on loss, guidance
The wearable camera maker’s sales fell 31 percent from the previous year and its guidance for the current quarter missed expectations.
Ralph Lauren’s sales miss due to mild weather
Ralph Lauren reported a bigger-than-expected decline in holiday-quarter sales, hurt by warm weather and fewer tourists.
News Corp revenue falls for 4th straight quarter
News Corp. reported mixed results, posting fiscal second-quarter earnings of 20 cents per share on $2.16 billion in revenue.
Tableau plummets as much 40 pct after earnings
Tableau reported fourth-quarter earnings that beat estimates on Thursday, but the stock plummeted double digits in after-hours trading.
LinkedIn skids 40%, erases $10B in market cap
LinkedIn said it projects first-quarter revenue of around $820 million, but Wall Street had expected about $868.3 million.
21st Century Fox earnings meet expectations
21st Century Fox reported quarterly earnings that met analyst expectations, but revenue that fell short of estimates.
Coke: We’ve fixed what we needed to fix
Coca-Cola reported a better-than-expected quarterly profit, helped mainly by aggressive cost-cutting.
Viacom shares plunge 15% as revenue misses
Viacom reported a steeper-than-expected drop in quarterly revenue, hurt by lower advertising sales in the United States.
Disney rides ‘Star Wars’ to killer quarter
Walt Disney beat earnings expectations, bolstered by “Star Wars,” but operating income in its key cable networks unit fell.
SolarCity shares plunge as installations miss estimates
Shares of the company, which is backed by Tesla Motors Inc founder Elon Musk, fell nearly 25 percent in after-hours trading.
5 major revisions ahead of this week’s earnings
Estimize takes a look at five companies with the biggest negative revisions ahead of this week’s earnings.
Corporate Earnings
When Twitter reports results, a less than stellar showing could hammer the stock further as a selloff in the tech sector has made investors jittery.
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