Stories tagged: earnings
UPDATED: Tue., Sept. 5, 2017, 12:39 p.m.
Lego to cut 8 percent of its staff after sales drop
Danish toy maker Lego will cut 1,400 jobs, or about eight percent of its global workforce, after reporting a decline in sales and profits in the first half of 2017.
Wed., Aug. 23, 2017, 8:07 a.m.
Lowe’s not catching the same tail wind Home Depot is riding
Lowe’s second-quarter profit got a boost from the sales of an Australian joint venture, but its performance was weak by most measures in a vibrant housing market, and its profit …
UPDATED: Thu., Aug. 17, 2017, 6:57 p.m.
Walmart’s online sales soar as it seeks to catch Amazon
Walmart’s recent spending spree to try to catch up to Amazon seems to be paying off.
UPDATED: Wed., Aug. 2, 2017, 4:52 p.m.
Key Tronic reports drop in 4Q income
Spokane Valley-based Key Tronic Corp. has reported net income of $1.3 million for the fourth quarter of its fiscal year ending in July, a decline company officials attributed to lower …
Wed., Aug. 2, 2017, 3:23 p.m.
Clearwater Paper reports drop in earnings
Clearwater Paper Corp. has reported a decrease in net earnings for the second quarter 2017, attributed primarily by the Spokane-based company to maintenance costs at its Arkansas mill during the …
UPDATED: Wed., July 26, 2017, 3:43 p.m.
Boeing beats 2Q profit forecasts
Boeing is reporting second-quarter net income of $1.76 billion, after suffering a loss a year earlier.
UPDATED: Tue., July 18, 2017, 10:06 a.m.
UnitedHealth 2Q profit surges as ACA participation shrinks
UnitedHealth Group’s second-quarter earnings soared as the nation’s largest insurer dove deeper into government-funded health coverage like Medicare and Medicaid and continued to distance itself from the turbulent Affordable Care …
Fri., July 7, 2017, 11:55 a.m.
Samsung on a roll as data demand for memory chips soars
Samsung Electronics is on a roll thanks to booming sales of memory chips required by the increasingly data-based economy.
Thu., May 25, 2017, 8:31 a.m.
Sears rallies after ailing chain posts first profit since 2015
Sears Holdings Corp. rallied after posting its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance.
Thu., May 18, 2017, 8:53 a.m.
Wal-Mart’s online sales surge, tops first-quarter expectations
Wal-Mart delivered first-quarter results that show it’s winning over shoppers at stores and online, even as the competition intensifies.
Wed., May 17, 2017, 7:56 a.m.
Target surges after sales signal turnaround is taking root
Target Corp.’s turnaround plan gained some much-needed momentum as its latest sales beat estimates, bucking the trend of gloomy results from bellwether U.S. retailers.
Fri., May 12, 2017, 1:18 p.m.
J.C. Penney joins fellow department stores in retail malaise
Welcome to the club, J.C. Penney Co. The company joined department-store rivals such as Macy’s Inc. and Kohl’s Corp. in reporting disappointing sales for the first quarter, sending its shares …
Thu., May 11, 2017, 8:06 a.m.
Lower sales drag down Macy’s profit, results miss forecast
Lower sales dragged down Macy’s profit during the first quarter as customers’ habits shift to more online shopping and retail locations lose traffic.
Wed., April 26, 2017, 7:51 a.m.
Boeing’s sales fall as company delivers fewest jets since 2014
Boeing’s sales slumped as the U.S. planemaker delivered the fewest jetliners in three years, ahead of the impending debut of a new version of the company’s best-selling plane.
Wed., April 19, 2017, 8:06 a.m.
Newspaper decline continues to weigh on AP earnings
Earnings at the Associated Press shrank substantially last year compared with 2015, when the news organization enjoyed a large tax benefit that skewed its results. Revenue also edged downward, reflecting …
Tue., Feb. 28, 2017, 7:20 a.m.
Target rattles Wall Street with weak quarter, outlook
Target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. Its outlook for the first quarter and all of 2017 were far …
UPDATED: Sat., Feb. 25, 2017, 7:02 p.m.
Warren Buffett sticks to business, avoids politics in letter
Billionaire investor Warren Buffett reiterated his rosy long-term outlook for the U.S. economy and his distaste for high Wall Street fees in his annual letter to Berkshire Hathaway shareholders that …
UPDATED: Wed., Feb. 22, 2017, 5:41 p.m.
Avista reports 11 percent increase in profits for 2016
Avista Corp.’s profits rose 11 percent in 2016, the company reported Wednesday. The Spokane-based utility is projecting lower earnings for 2017 as a result of having its request for higher …
Wed., Feb. 8, 2017, 4:23 p.m.
Clearwater Paper expands premium paper products
Clearwater Paper Corp. will build a new tissue machine for producing premium and ultra-premium toilet paper, paper towels and napkins at its facility in Shelby, North Carolina.
Fri., Dec. 9, 2016, 5:36 a.m.
American Dream? Odds plunge that children will earn more than their parents
Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to groundbreaking new research from a superstar team of economists …
Thu., Dec. 8, 2016, 12:18 p.m.
Costco store traffic rebounds even as food deflation takes toll
Costco Wholesale Corp. attracted more shoppers last quarter, easing concerns of analysts and investors, even as food deflation and industrywide discounting squeezed sales at the largest U.S. warehouse chain.
Thu., Nov. 17, 2016, 11:08 a.m.
Wal-Mart’s profit falls but beats estimates; revenue misses
Wal-Mart Stores Inc. reported its third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Its earnings still beat Wall Street estimates. But its revenue fell …
Thu., Nov. 3, 2016, 2:39 p.m.
Starbucks sees key sales measure rise, profit increase
Starbucks reported a 23 percent increase in its fourth-quarter profit Thursday, thanks to rising sales at its coffee shops and benefiting from an extra week in the period.
Fri., Oct. 28, 2016, 12:41 p.m.
Exxon 3Q profit falls 38 percent on lower oil prices
Exxon’s profit keeps shrinking because of lower oil prices, and the company is responding by sharply cutting investment in future production.
Thu., Oct. 27, 2016, 6:29 p.m.
Amazon’s profit triples to $252 million, but that’s not enough for Wall Street
Amazon.com rang up a $252 million profit in the third quarter, more than three times the $79 million it reported a year ago, as it cashed in on blistering growth …
Wed., Oct. 26, 2016, 11:31 a.m.
Boeing has a banner 3Q and sees more of the same ahead
Boeing’s third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries.
Tue., Oct. 25, 2016, 2:43 p.m.
Apple’s $9.01 billion profit tops 4Q forecasts
Apple Inc. on Tuesday reported fiscal fourth-quarter profit of $9.01 billion.
Tue., Oct. 25, 2016, 8:29 a.m.
GM reports record 3rd quarter earnings despite slowing U.S. sales
DETROIT – General Motors doesn’t seem too worried about slowing U.S. auto sales or economic troubles in Europe. If third-quarter numbers are any indication, the company has numbers to back …
Fri., Oct. 21, 2016, 12:37 p.m.
McDonald’s turnaround revs up abroad as revenue beats estimates
McDonald’s Corp. Chief Executive Officer Steve Easterbrook has more tricks up his sleeve than serving Egg McMuffins all day.
Tue., Oct. 18, 2016, 1:35 p.m.
Yahoo tops 3Q profit forecasts
Yahoo Inc. on Tuesday reported third-quarter net income of $162.8 million.