Earnings

FILE - This Aug. 23, 2018, file photo shows a window display at a Gap Kids clothing store in Winter Park, Fla. The Gap Inc. reports financial results Thursday, Aug. 22. (AP Photo/John Raoux, File)
August 22, 2019 - 3:27 pm

Gap's 2Q profits fall, reflecting chain still mired in slump

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 10:07 am

US stocks turn mostly lower amid doubts over Fed rate cut

Stocks gave up an early gain and veered lower in midday trading Thursday as investors grew less certain about the likelihood that the Federal Reserve will lower interest rates again next month. Losses in technology, health care and communication services stocks outweighed gains in banks, consumer...
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August 22, 2019 - 5:48 am

Revenues up for Dubai's global port firm DP World

DUBAI, United Arab Emirates (AP) — Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and profits up almost 27% from the same period last year. The port operator said revenue for the first half of the year reached $3.46 billion and...
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FILE - In this June 3, 2019, file photo a shopping cart sits in the parking lot of a Target store in Marlborough, Mass. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Bill Sikes, File)
August 21, 2019 - 12:12 pm

Retailers' results show sharp divide between losers, winners

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...
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FILE - In this Aug. 16, 2019, file photo specialist Anthony Matesic works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug. 21. (AP Photo/Richard Drew, File)
August 21, 2019 - 7:22 am

Solid earnings from major US retailers drive stocks higher

U.S. stocks marched broadly higher in early trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies accounted...
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FILE - In this July 10, 2019, file photo shoppers visit the downtown Target Store in Minneapolis. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Jim Mone, File)
August 21, 2019 - 4:34 am

No misfires from Target in second quarter and profits soar

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushes faster delivery and invests heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure includes...
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Trader Gordon Chalop, center, works on the floor of the New York Stock Exchange, Monday, Aug. 19, 2019. Technology stocks were leading indexes higher on Wall Street after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. (AP Photo/Richard Drew)
August 20, 2019 - 7:20 am

US stocks fall, giving up some ground after 3 straight gains

U.S. stocks moved broadly lower in early trading Tuesday, weighed down by a mixed batch of company earnings and another decline in bond yields. Banks drove much of the selling as investors reacted to the decline in yields. The 10-year Treasury note slipped to 1.54% from 1.59% late Monday. When bond...
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August 20, 2019 - 3:35 am

Home Depot cuts outlook citing tariffs, lumber prices

ATLANTA (AP) — Home Depot is cutting its sales expectations for the year because of falling lumber prices and the potential damage from tariffs. The company now expects sales to rise 2.3%, down from earlier forecasts of 3.3%. The home-improvement retailer on Tuesday reported a second-quarter profit...
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FILE - In this Feb. 23, 2018 file photo, John Deere products, including a toy tractor on the sign, are on display at a home and garden trade show in Council Bluffs, Iowa. John Deere reports financial earnings Friday, Aug. 16, 2019. (AP Photo/Nati Harnik, File)
August 16, 2019 - 5:31 am

Flooding, a trade war and Deere cuts outlook for the year

Deere & Co. cut its profit expectations for the year as beleaguered farmers and an escalating trade war with China cut into sales. Widespread and heavy flooding severely delayed planting this year for thousands of farmers. In the 18 states that grow most of the nation's corn, only 58% of the...
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FILE - In this April 24, 2019, file photo a Walmart associate works at a Walmart Neighborhood Market in Levittown, N.Y. Walmart Inc. reports financial results Thursday, Aug. 15. (AP Photo/Mark Lennihan, File)
August 15, 2019 - 4:23 am

Walmart powers through 2Q

BENTONVILLE, Ark. (AP) — Walmart is raising its annual outlook after the world's largest retailer reported strong second-quarter results. Stores opened at least a year rose 2.8%, its 20th consecutive quarter in the positive direction. U.S. online sales increased 37%, driven by groceries. Walmart...
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