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Year: 2018

Earnings

JC Penney shares tank on sales decline, profit outlook slashed

May 20, 2018 admin 0

J.C. Penney on Thursday reported sales that missed analysts’ expectations, blaming the declines on a cooler start to the spring season. The department store chain also cut its full-year earnings outlook. Its shares tumbled more […]

Business News

First quarter profit disappoints, warns on trade

May 20, 2018 admin 0

A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world’s biggest container shipper sharply lower. Earnings before interest, tax, depreciation and amortisation […]

Retail Business

Nordstrom shares drop 7% on weaker-than-expected sales growth

May 19, 2018 admin 0

Nordstrom‘s stock plunged 7 percent in Friday’s premarket after the company reported disappointing quarterly sales growth. The Seattle-based retailer said same-store sales — a key metric for retail companies — rose 0.6 percent in the […]

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  • Columbia Sportswear and Hanesbrands are under the radar retail stocks to buy
  • Here are the winners and losers from the first quarter of 2019
  • 5 places to retire where you can feel rich, yet live on a budget
  • Fed’s Quarles says rate hikes could be ahead ‘at some point’
  • Farm Belt faces an expensive cleanup after already-costly record flooding
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