This week's big stories: Chesapeake's divvy cut, CYS (NYSE: CYS) and Hatteras (NYSE: HTS)
report weak quarters, dividend investors are eyeing an opportunity in Cummins (NYSE: CMI), and more mREIT earnings are on the way.
India — the second - largest gold jewelry consumer after China —
reported its weakest quarter since 2008, falling 12 percent year on year to 87.7 tons.
Investor takeaway Given how bad the oil market was last quarter, investors can pretty much bank on NOW
reporting a weak quarter.
Not exact matches
Apple: Cramer thinks this
quarter will be a
weak one for the tech giant, which
reports after the bell.
Priceline shares tanked by 8 percent Wednesday after the company
reported a bookings miss for its second
quarter and
weak guidance for the current
quarter.
Shares of Priceline sunk 6 percent after the company
reported weak guidance for its third
quarter.
Coles and Bunnings were the top first -
quarter perfomers among Wesfarmers» retail businesses, with the Perth - based conglomerate also
reporting weak performances by its Target and Kmart divisions.
The company's shares fell nearly 2 per cent as Wal - Mart
reported results that missed Wall Street's expectations for the third time in five
quarters and gave a
weak second -
quarter earnings forecast.
But he has left some room to trim that forecast in next month's monetary policy
report, noting that some indicators are suggesting the first
quarter ending March 31 may be
weaker than expected.
Goldman Sachs
reported fourth -
quarter earnings that topped Wall Street estimates, but bond trading results were uncharacteristically
weaker.
Weak sales in China are particularly troubling for Tesla — which will
report its fourth
quarter earnings today — because Musk has previously said that car sales there could rival the US by 2015, and that the two countries would comprise its largest markets, according to Reuters.
Office Depot (odp) saw shares plummet as it
reported weaker - than - expected sales in the
quarter ended July 1, but more crucially, admitted that Amazon (amzn) Business was eating into its corporate services segment.
That company's shares took a dive as it
reported a
weaker than expected first -
quarter profit and issued a forecast for the year that also disappointed investors.
Several social media heavyweights disappointed shareholders this week by
reporting weak first
quarters while lowering their outlooks.
That continued this most recent
quarter, as the company
reported weaker - than - expected revenue and saw its shares fall roughly 5 % as a result.
The deal comes after Canon late last month
reported a slight increase in fourth -
quarter profit, as a
weaker yen and rising sales of office equipment offset weakness in a camera division competing with smartphones capable of high - quality imaging.
Ebay's stock dropped after the company
reported second
quarter earnings in line with analysts» expectations, but offered
weaker guidance for the third
quarter.
The department store company, which has
reported sales declines in its last 11
quarters despite closing dozens of
weak stores, said on Thursday, that comparable sales rose 1 % in November and December, a modest increase to be sure, but one that puts Macy's on track to
report its first
quarter of growth in three years.
Alcoa Inc.'s third -
quarter results, scheduled to be revealed after the market closes Thursday, will mark the unofficial launch of what is currently projected to be the
weakest earnings
reporting season for S&P 500 companies in six years.
The Bank of Canada
reported Monday that business sentiment for future sales growth remained «
weak» in the second
quarter as Canada's energy industry struggled with an oil shock.
The biggest
weak spot for the
quarter was sales at its Gillette shaving business, which
reported a 5 percent drop in net sales.
The top three US equity benchmarks closed mixed with the Dow slipping as IBM plunged 7.5 per cent after it
reported narrower profit margins in the first
quarter and no revenue growth unless one factors in help from a
weak US dollar.
PepsiCo Inc
reported better - than - expected quarterly revenue on Thursday as double - digit growth in developing markets offset another
quarter of
weak results in its North American beverage unit.
The consumer giant that fended off Kraft Heinz earlier this year
reported weak third -
quarter sales.
Investors made it clear that Advanced Micro Devices, Inc. (NASDAQ: AMD)'s third -
quarter earnings
report and fourth -
quarter guidance was
weak and disappointing.
SAN JOSE, Calif. (AP)-- Cisco Systems Inc.
reported Wednesday that
weaker revenue and special charges weighed down its second -
quarter profitability.
Cisco Systems fell 4 percent after the network equipment maker
reported that
weaker revenue and charges weighed down its second -
quarter earnings.
(Reuters)- DowDuPont Inc (DWDP.N)
reported a higher - than - expected first -
quarter profit on Thursday as increased prices for its products and demand for packaging, paint and other materials made up for a
weak agriculture business.
Credit Suisse was one of the worst performers for the
quarter due to a
weaker investment banking environment and because of negative comments about Credit Suisse in the Swiss National Bank's (SNB) recent annual Financial Stability
report.
Shares of BMW AG were losing around 2 percent in the early morning trading in Germany after the luxury carmaker
reported Friday that its first -
quarter pre-tax profit edged down on
weak revenues due to currency effects, while net profit increased from last year.
Air Canada
reported a net loss of $ 170 million in the three month period ending March 31, typically its
weakest quarter, compared to a loss of $ 13 million during the same time last year.
J.C. Penney has unsurprisingly joined a growing list of retailers
reporting weak first
quarters.
Both companies
reported weak results for their latest
quarter.
The New York - based insurer
reported a 21 percent decline in first -
quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as
weaker investment income.
Fitbit
reported earnings and revenue Monday that topped analysts» expectations, but its shares plunged after
weaker - than - expected guidance for the current
quarter.
Aluminum maker Alcoa, which kicked off the second -
quarter earnings season on Monday,
reported very
weak revenue because of the faltering global economy.
Stocks in the red include Fitbit, as the wearables maker issued a
weaker - than - expected current
quarter guidance; Spotify as the streaming service missed on earnings but
reported subscription numbers that were below expectations; and Tesla, with shares dropping despite an earnings and revenue beat, as cash burn hit $ 1 billion last
quarter and CEO Elon Musk criticized analysts, and took questions from a YouTuber in a bizarre earnings call.
A recent
report by my organization, the Rockefeller Institute of Government found that, nationwide, state and local government revenue this
quarter was
weaker than the previous four
quarters.
Research In Motion
Reports Year - End and Fourth
Quarter Results for Fiscal 2012 As RIM announces Q4 2012 earnings, Jim Balsillie resigns from company's board RIM's Q4:
Weak results, outlook and brutally honest CEO commentary Reality Check: RIM is not giving up on the consumer market BlackBerry World promises to share story, direction and vision for BlackBerry in 2012 RIM granted patent that allows for volume adjustment based on handset placement RIM delays annual presentation to financial analysts until launch of BlackBerry 10 I dream of BlackBerry 10 phones...
As my colleague Russ Koesterich points out in a recent post, economic data was mixed over the first
quarter, with sluggish economic growth, a soft jobs
report and
weak manufacturing
reports leading to diminishing consensus around company earnings.
Meanwhile, Wal - Mart declined after
reporting weaker - than - expected online sales for the 4th
quarter of 2017 as well as challenged margins.
Similarly, who cares how many Apple iPhones were sold this
quarter, or that the ISM Manufacturing Index hit 53, or that the Jobs
Report last Friday was
weak.
According to the Federal Reserve's quarterly senior loan officers» survey, released Monday, a number of banks
reported seeing
weaker demand for new cards in the third
quarter of 2014.
Fitbit may be getting ready to announce job cuts due to a
weak fourth
quarter, according to a
report.
After numerous
reports citing
weak iPhone X sales, Apple posted on Thursday record results for the
quarter ending in December 2017.
«The March jobs
report was a bit soft, and first
quarter GDP growth rate also looks to be
weak.
Real estate investors surveyed by PwC US for its second
quarter 2012
report expect that
weak consumer spending and large vacancy overhang will continue to hamper recovery in the retail sector...