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Business News

Earnings preview: A weak Q3 awaits H&R Block as tax-reform blues persist

H&R Block (HRB) has been an unsuspecting victim of the tax revision implemented by the federal government more than a…

Biogen buys Nightstar, eyeing a bigger pie in ophthalmic gene therapy

Continuing the efforts to diversify into new areas of drug development, Biogen (BIIB) this week clinched an important deal that…

Earnings preview: Urban Outfitters (URBN) might win holiday season with digital push

There has been speculation that the quarterly results of specialty retailers would be affected by the relatively weak holiday season.…

Under investor pressure, eBay commits to review of non-core businesses

Responding to the demand by activist investors to bring discipline to its operations, eBay (EBAY) has announced fresh initiatives under…

Earnings: Dentsply Sirona Q4 profit beats despite revenue drop; stock jumps

Dentsply Sirona (XRAY), a provider of dental products and technology, reported a decline in earnings and revenues for the fourth…

Earnings: Marriott International stock drops on Q4 revenue miss

Hotel franchisor Marriott International (MAR) reported stronger than expected earnings for the fourth quarter of 2018. However, the company’s stock…

3D Systems stock gains as Q4 earnings beat amid strong printer sales

Shares of 3D Systems Corp. (DDD) moved up Thursday after the company reported higher earnings and revenues for the fourth…

Earnings preview: Tough holiday season could be a drag on Kohl’s Q4 results

There has been apprehension about the fourth-quarter performance of Kohl’s (KSS) after the department store chain issued a weak outlook…

Monster Beverage stock rallies after Q4 profit beats on record sales

Monster Beverage Corp.  (MNST) has reported double-digit growth in fourth-quarter earnings and revenues, aided by the solid demand for its…

Fitbit swings to Q4 profit amid strong device sales; stock falls on weak guidance

Wearable maker Fitbit (FIT) reported a net profit for the fourth quarter compared to a loss in the prior-year period.…

Earnings preview: Autodesk bets on BIM 360 platform to drive Q4 growth

Shares of design software company Autodesk (ADSK) climbed to an all-time high ahead of its fourth-quarter earnings report, which will…

Office Depot Q4 profit tops Street view; reaffirms FY19 outlook

Office Depot (ODP), a leading provider of office supplies, reported a modest increase in adjusted earnings in the fourth quarter…

Caterpillar stock sinks after double downgrade by UBS, citing construction slump

The current slowdown in building activity across major markets, amid softening economic growth, is taking a toll on the construction…

Bank of Nova Scotia lifts dividend; Q1 earnings slip amid market volatility

Reflecting the volatile market conditions, Bank of Nova Scotia (BNS) Tuesday reported a decline in its first-quarter earnings which also…

Shake Shack Q4 results beat estimates; stock falls on weak 2019 outlook

Burger chain Shake Shack (SHAK) reported stronger than expected earnings and revenues for the December quarter, reflecting its initiatives to…

Warren Buffett hints at buying Apple shares when they get cheaper

Weeks after reducing the stake of his company Berkshire Hathaway (BRK) in Apple (AAPL), Warren Buffett said he would have…

Earnings preview: Rising cost pressures could drag L Brands’ Q4 results

There are mixed expectations ahead of the fourth-quarter report of L Brands (LB), which will be published Wednesday after the…

Earnings preview: Cost escalation a major concern for JM Smucker in Q3

From brand building to partnerships, The J.M. Smucker Company (SJM) has been pursuing multiple options to tackle the challenges facing…

Earnings preview: AutoZone’s expansion initiatives to pay off in Q2

AutoZone, Inc. (AZO), which operates as a retailer of automotive replacement parts, is expected to report earnings of $9.97 per…

Stamps.com free fall continues after breakup with USPS; stock down 57%

The market value of Stamps.com Inc. (STMP) more than halved after the online stamp vendor discontinued its partnership with the…

Bj’s Restaurants stock falls after mixed Q4 results

Fast food chain BJ’s Restaurants (BJRI) reported mixed results for the fourth quarter, with earnings falling and missing expectations despite…