Macy’s Misses Estimates But Stock Climbs 5.6%
CEO Terry Lundgren suggested retail trends are improving and Macy's would meet expectations for its next quarter.
Burberry Restructuring Costs Hit Pretax Profit
The U.K. luxury goods company is pursuing a turnaround plan focused on cutting $124 million in costs and streamlining its product range.
Wendy’s Third-Quarter Profit Soars to $49M
The burger chain's bottom line has benefited from the sale of company-owned stores, resulting in higher franchise fees and lower costs.
IFF Profit Falls 4% Amid ‘Challenging Conditions’
The flavor and fragrance maker cut its projected profit growth for the full year to 3% to 4% from 4.5% to 6.5%.
Berkshire Hathaway Reports Mixed Earnings
While operating profit got a boost from manufacturing and other businesses, net income fell on lower investment gains.
Sysco’s Profits Get Boost From Brakes Deal
The food-service company, which acquired U.K-based Brakes in February, nearly doubled its international sales in the first quarter.
Sotheby’s Loss Widens to $54M in 3rd Quarter
The auction house cites seasonal factors and sees "encouraging" signs that the art market "could be looking for a rallying point.”
Shell, BP Profits Beat Estimates in 3rd Quarter
The two companies' performance boosts hopes that the industry is adapting to an environment of low oil prices.
Coke Beats Estimates for 7th Straight Quarter
The company saw a "standout performance" in the U.S. amid higher prices for sodas and strong demand for water and sports drinks.
Goldman Sachs Posts 58% Increase in Profit
The firm's surprisingly strong third-quarter results were fueled by a 17% increase in revenue from its trading and investment-banking core.
Netflix Stock Rises 20% on Q3 Member Growth
The video streaming service added nearly 3.6 million subscribers, far exceeding its own forecast and making up for sluggish Q2 growth.