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Month: August 2018

Lowe’s stock falls on comp sales miss

Lowe’s Companies Inc. (LOW) beat market estimates on sales and EPS for the second quarter of 2018 but comp sales…

S&P 500 reaches new peak amid bullish market sentiment

Continuing the epic bull-run, the S&P 500 index set a new intraday record Tuesday as companies keep on drawing inspiration…

Urban Outfitters posts upbeat results in Q2

Urban Outfitters (URBN) reported a 86% jump in earnings for the second quarter driven by higher revenue, lower markdowns at…

Trump flays Fed for interest rate hikes

President Donald Trump has lashed out at the Federal Reserve chairman Jerome Powell, alleging that the latter is more interested…

Microsoft crackdown uncovers more Russian cyber-attacks

Microsoft (MSFT) has come out with a politically sensitive disclosure that could bring a new twist in the US-Russia relations,…

Walmart looking to take down Amazon in the e-com space

In its latest assault on Amazon (AMZN), retail giant Walmart (WMT) is breaching into its rival’s forte – ecommerce –…

Uber appoints Nelson Chai as CFO

Ride-sharing firm Uber, which is expected to file its IPO during the end of the next year, appointed Nelson Chai…

J.M. Smucker misses Q1 results estimates, lowers outlook

The J.M. Smucker Company (SJM) missed analysts’ expectations on revenue and adjusted EPS numbers for the first quarter of 2019…

Toll Brothers stock jumps on upbeat Q3 results

Toll Brothers (TOL) reported a 30% jump in earnings for the third quarter as an 18% increase in home deliveries,…

TJX Companies Q2 sales beat estimates; stock gains on strong guidance

Off-price apparel retailer TJX Companies (TJX) reported an increase in profit for the second quarter, when a sharp growth in…