HP Inc. (HPQ) reported adjusted quarterly profit of 54 cents per share, matching Street forecasts, with the computer and printer-maker’s revenue slightly beating estimates on growth in the company’s personal systems business.
GameStop (GME) reported adjusted quarterly profit of 67 cents per share, beating consensus forecasts by 10 cents. The videogame retailer’s revenue was very slightly above estimates, but the shares are under pressure after the company cut its full-year outlook. GameStop is seeing hardware — which has lower margins than other parts of its business — exhibit more dominance of its sales mix than expected.
Workday (WDAY) came in 17 cents above estimates with adjusted quarterly profit of 31 cents per share, while the human resources software company’s revenue beat Street forecasts as well. Workday’s results were driven by a 35 percent increase in subscription revenue.
VMWare (VMW) earned an adjusted $1.56 per share for its latest quarter, six cents above estimates, with revenue essentially in line. The cloud software-maker also raised its 2019 guidance.
PVH (PVH) beat estimates by seven cents with adjusted quarterly profit of $3.21 per share, while the apparel-maker’s revenue was very slightly below estimates. PVH is seeing weakness in its Calvin Klein business, although it said its Tommy Hilfiger brand is outperforming expectations.
Deutsche Bank (DB) headquarters were raided by police in Frankfurt for a second day, amid money laundering allegations linked to the so-called “Panama Papers”.
CVS Health (CVS) closed its deal to buy insurer Aetna earlier this week, but a judge is now raising the prospect of not approving the deal. Judge Richard Leon said the government and the two companies are treating him as a “rubber stamp” for the deal by already having closed it, although Aetna said in a statement that such an action is commonplace.
AT&T (T) told investors it is committed to cutting up to $20 billion in debt next year. It also told its Investor Day gathering that it plans to launch three versions of a new video streaming service next year featuring original content from its Warner Brothers, Turner and HBO units.
Be the first to comment