Lego Posts 6% Sales Gain, Plans More Stores
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."
Hong Kong Unrest Disrupts Tiffany’s Q2 Sales
The luxury jeweler lost six selling days in its fourth-largest market during the second quarter because of pro-democracy protests.
Cisco Warns of Soft Growth Amid Trade Tensions
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
Uber Posts Record Loss, Sales Growth Slows
“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
Lower-Than-Expected Loss Cheers Lyft Investors
“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
Disney Profit Falls on Weak Results From Fox
The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
Exxon Mobil Profits Dip on Natural-Gas Glut
Lower prices due to abundant supply helped drive Exxon's natural-gas profits down by about half.
GM’s Pickups, Cost-Cutting Drive Profit Increase
“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
GE Reports ‘Steady Progress,’ CFO Departure
CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.
Beyond Meat Reports Larger-Than-Expected Loss
The company's stock fell sharply after it reported mixed Q2 results and announced it will sell 3.25 million shares in a secondary offering.