Earnings reports

FILE - In this June 25, 2019, file photo a FedEx delivery truck is loaded by an employee on the street in downtown Cincinnati. FedEx reports financial results Tuesday, Sept. 17. (AP Photo/John Minchillo, File)
September 17, 2019 - 5:24 pm

FedEx profit falls, company cites uncertainty over trade

MEMPHIS, Tenn. (AP) — Profit at FedEx fell 11% in its fiscal first quarter, as the package delivery company was buffeted by slower economic growth and the loss of business from retail giant Amazon. The results fell short of Wall Street expectations, and the company lowered its forecast of earnings...
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In this Aug. 27, 2019 photo, the Best Buy logo is shown on a store in Richfield, Minn. Best Buy Co. reports financial results Thursday, Aug. 29. (AP Photo/Jim Mone)
August 29, 2019 - 7:36 am

Best Buy 2Q profit beats estimates, but revenue misses

RICHFIELD, Minn. (AP) — Best Buy Co. on Thursday reported strong quarterly profit but revenue fell short and shares of the retailer fell 6% in premarket trading. The Richfield, Minnesota-based company said it had fiscal second-quarter net income of $238 million, or 89 cents per share. Earnings,...
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FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 6:27 pm

Gap's 2Q profits fall, reflecting chain still mired in slump

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 3:48 pm

US stocks mixed ahead of Fed chairman's speech

Major stock indexes on Wall Street wavered between small gains and losses Thursday afternoon as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Gains by banks, consumer goods makers, industrial companies and other stocks were offset by losses in...
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August 22, 2019 - 8:48 am

Revenues up for Dubai's global port firm DP World

DUBAI, United Arab Emirates (AP) — Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and profits up almost 27% from the same period last year. The port operator said revenue for the first half of the year reached $3.46 billion and...
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FILE - In this June 3, 2019, file photo a shopping cart sits in the parking lot of a Target store in Marlborough, Mass. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Bill Sikes, File)
August 21, 2019 - 3:45 pm

Retailers' results show sharp divide between losers, winners

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...
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FILE - In this July 10, 2019, file photo shoppers visit the downtown Target Store in Minneapolis. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Jim Mone, File)
August 21, 2019 - 8:41 am

Target thrives in intense retail environment

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The...
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FILE - In this July 11, 2019, file photo Weber grills are displayed at the Home Depot store in Londonderry, N.H. The Home Depot Inc. on Tuesday, Aug. 20, reported fiscal second-quarter net income of $3.48 billion. (AP Photo/Charles Krupa, File)
August 20, 2019 - 4:37 pm

Execs starting to worry about tariffs' effects on consumers

Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday,...
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FILE - In this Feb. 23, 2018 file photo, John Deere products, including a toy tractor on the sign, are on display at a home and garden trade show in Council Bluffs, Iowa. John Deere reports financial earnings Friday, Aug. 16, 2019. (AP Photo/Nati Harnik, File)
August 16, 2019 - 9:40 am

Flooding, a trade war and Deere cuts outlook again

Deere & Co. cut its profit expectations for the second time this year as beleaguered farmers and an escalating trade war with China cut into sales. Widespread and heavy flooding severely delayed planting this year for thousands of farmers. In the 18 states that grow most of the nation's corn,...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports financial results Thursday, Aug. 15. (AP Photo/Mark Lennihan, File)
August 15, 2019 - 10:46 am

Walmart delivers big in 2Q

NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...
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