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.”
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%.
Slaughterhouse Fire Singes Tyson Beef Sales
The largest U.S. meat producer missed fourth-quarter earnings estimates as beef sales volumes dropped 4.2%.
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."
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."
Papa John’s CFO to Depart Amid Executive Shakeup
The pizza chain’s finance chief is leaving after a stint of almost 20 years.
Tapestry Hit by Continued Kate Spade Struggles
Comparable store sales at Kate Spade, which Tapestry acquired in 2017, dropped 16% in the first quarter.
Uber Beats Estimates But Loss Widens to $1.16B
While Uber's Rides segment is profitable, it is spending heavily on new businesses such as Eats.
Sprint Loss Widens Amid Drop in Phone Subscribers
The company's second-quarter results "underline how badly Sprint needs a merger with T-Mobile.”
GM Beats Estimates Despite $1B in Strike Costs
The recovery from the strike “will add to GM’s list of challenges in coming months as pressures build on the car business globally."
Grubhub Shares Tank on Reduced Q4 Outlook
“The easy wins in the [food-delivery] market are disappearing a little more quickly than we thought,” the company said.