Target Shares Surge On Record Q2 Results; Lowe’s Q2 Profit Beats View

Minneapolis-based Target Corp. (TGT), on Wednesday, reported second-quarter results that surpassed analysts’ projections. The company’s comparable sales growth was the strongest it has ever reported. Consequently, shares of Target were up 8% in pre-market trade. RTT – Earnings BREAKING NEWS: … Read more…

As Facebook’s profit doubles, CEO Mark Zuckerberg sounds off on reopening the economy too soon

Facebook reported an 18 percent increase in first-quarter revenue Wednesday, but the social media giant said it wasn’t making financial predictions because of the uncertainty caused by the coronavirus and what is expected to be the greatest economic contraction since … Read more…

AOC, Omar call for removing ‘profit motive’ from US coronavirus decisions, ‘nationalizing’ health care

In videos posted Thursday night, far-left U.S. Reps. Alexandria Ocasio-Cortez and Ilhan Omar push for a seemingly socialist overhaul of the U.S. government in reaction to the coronavirus outbreak. FOX News SPECIAL NEWS BULLETIN: Click today to request your free … Read more…

JPMorgan raises clean energy spending goals, profit targets unchanged 

JPMorgan Chase & Co largely maintained its key profit goals for the medium term on Tuesday, signaling steady but slower growth, and raised its financial commitment for clean-energy initiatives after years of pressure from environmental activists. Reuters: Science News BEST … Read more…

2.11.20 T-Mobile and Sprint Merger; Businesses profit sharing; Password management tools

The merger between wireless giants T-Mobile and Sprint has cleared a major hurdle as a federal judge ruled in favor of the deal. Clark explains his take for consumers, including information about the impact on home internet service. Today, we pause to salute companies … Read more…

China food delivery firm Meituan posts second straight quarterly profit since listing

Chinese food delivery giant Meituan Dianping beat market expectations to record a 44% jump in third-quarter revenue and post a second straight quarterly profit, as it gained market share and cemented its dominance in the business. Reuters: Technology News BEST … Read more…

In Historic Move, NCAA Board Unanimously Agrees to Allow College Athletes to Profit From Their Fame

(ATLANTA) — The NCAA Board of Governors took the first step Tuesday toward allowing amateur athletes to cash in on their fame, voting unanimously to permit them to “benefit from the use of their name, image and likeness.” The United … Read more…

Tesla Profit Tops Street, “highly Confident” To Meet Delivery Outlook, Shares Up

Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is “highly confident” to … Read more…

General Motors Q2 Profit Tops Estimates, Revenue Down 1.9%; Affirms Guidance

General Motors Co. (GM) said its second-quarter net income was up 1.6 percent year-on-year driven by the performance of North America and significant progress on transformational cost initiatives. Looking forward, the company affirmed its fiscal 2019 guidance. RTT – Earnings … Read more…

Kroger Q1 Profit Matches Estimates; Affirms Guidance – Quick Facts

The Kroger Co. (KR) reported first-quarter earnings that matched analysts’ estimates. Total sales, excluding fuel and the effect of selling the convenience store business unit, increased 2.0% year-on-year. Looking forward, Kroger Co. confirmed identical sales, operating profit and EPS guidance … Read more…

Spirax-Sarco Engineering 4-month Operating Profit Ahead Of Last Year

Spirax-Sarco Engineering PLC (SPX.L) said Wednesday that despite the softening macro-economic environment, Group operating profit on an organic basis was ahead of the comparable four-month period in 2018, with operating margins consistent with the company’s full-year expectations. RTT – Earnings … Read more…

Mylan quarterly profit, 2019 forecast miss Wall Street estimates — stock tanks

Generic drugmaker Mylan on Tuesday reported lower-than-expected fourth-quarter profit and forecast 2019 earnings well below Wall Street estimates, as it grapples with significant problems at its Morgantown, West Virginia, plant. Health and Science U.S.HEALTHCARE UPDATE: Click today to request your … Read more…

Tesla outsold Mercedes-Benz in the US last quarter and might actually turn a profit before 2019

Despite all of the drama surrounding Elon Musk’s tussle with the SEC, and despite Tesla’s early troubles ramping up Model 3 production, the company has slowly but steadily improved production across its entire vehicular lineup. During the recent September quarter, … Read more…