Accounting & Tax

Financial Performance

JCPenney Loss Narrows to $93M, Shares Jump

The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”

Matthew Heller
November 15, 2019
Financial Performance

Cisco Sees Revenue Drop Amid Weak Demand

First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.
Legal

DOJ Lays Out a Path to Reduced Corporate Penalties

A new Justice Department policy gives defense counsel a framework for winning reduced monetary penalties for fiscally poor client companies.
Financial Performance

Slaughterhouse Fire Singes Tyson Beef Sales

The largest U.S. meat producer missed fourth-quarter earnings estimates as beef sales volumes dropped 4.2%.
Accounting & Tax

Zillow Gets Boost From Home Sales Business

The company says its Q3 results show its shift into directly buying and selling homes is "gaining traction."
Budgeting

A Controller Demonstrates Strategic Value

Why is a controller willing to roll up her sleeves and help business managers achieve their goals?
Financial Performance

Teva Shares Rise on Revenue Beat, Guidance; New CFO Named

The drug maker missed earnings estimates but "management appears to be executing as planned to close out the year."
People

Gap Shares Dive on Old Navy Spinoff Doubts

The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
Risk Management

New Top Concern for Internal Audit: Data Governance

Risks related to data management push cybersecurity preparedness out of the lead on the list of worries for chief audit executives: Gartner.
Tech

SoftBank Posts Record Loss on Startup Bets

“My own investment judgment was really bad. I regret it in many ways," CEO Masayoshi Son admits.
Financial Reporting

CVS Health Reports Q3 Earnings Beat, Raises Guidance

The healthcare company posted stronger-than-expected third quarter earnings.
Financial Performance

Tapestry Hit by Continued Kate Spade Struggles

Comparable store sales at Kate Spade, which Tapestry acquired in 2017, dropped 16% in the first quarter.
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