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Spokane, Washington  Est. May 19, 1883
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Penney posts bigger-than-expected loss, cuts outlook

J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.

Home Depot roars back in the second quarter

Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world’s biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday.

Redfin: 2Q Earnings Snapshot

Redfin Corp. (RDFN) on Thursday reported second-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.

Bank of America 2Q profits boosted by tax law, higher rates

Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.

Wells Fargo’s second-quarter earnings fall as impact of scandals linger

Wells Fargo & Co., which has been mired in investigations related to its business practices since 2016, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago. The bank also revised its first-quarter earnings downward after agreeing in April to pay $1 billion in fines to federal regulators.

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 quarter.