Tag: Earnings
H&M says profit up by $1.2 billion as world opens up again
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Thursday its profit for the second quarter soared by 10 billion kronor ($1.2 billion)...
Walgreens tops fiscal 3Q forecasts as recovery continues
Walgreens earnings surged past Wall Street expectations for the fiscal third quarter, as the drugstore chain continued to rebuild sales hurt by the COVID-19...
This week: Home prices, Walgreens earnings, June jobs report
A look at some of the key business events and economic indicators upcoming this week:
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Nike shares surge premarket on N. American sales, outlook
Nike's shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and...
FedEx posts profit as online shopping boom continues
NEW YORK — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by...
Dubai investment arm posts $5.1 billion loss amid pandemic
DUBAI, United Arab Emirates — Dubai’s state-owned sovereign wealth fund announced Tuesday a net loss of $5.1 billion over the past year, highlighting the...
This Week: FedEx, Nike results; rig count
A look at some of the key business events and economic indicators upcoming this week:
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GM raises forecast, says chip shortage not as bad as feared
DETROIT — General Motors says efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve...
Zoom’s boom continues in 1Q, raising post-pandemic hopes
SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the...
Best Buy raises 2021 comparable store sales expectations
NEW YORK — Three months after saying that comparable store sales may actually fall in 2021, Best Buy on Thursday released a much more...