Nordstrom posted its third quarter adjusted earnings of $0.20 per share, well above analysts’ expectations of $0.14 per share. The figure was lower than $0.39 per share a year ago, though. Revenues for the quarter slipped -2.5% from the year-ago quarter to $3.55 billion, just ahead of Street forecasts. Sales at Nordstrom Rack fell -1.8% year-over-year. Digital sales were down -16%, partly due...

Ingles reported its net sales of $1.45 billion for the quarter ended September 24, 2022, compared with $1.34 billion in the year-ago quarter. Excluding gasoline sales, the supermarket chain’s comparable store sales climbed +5.2%. Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million, or 25.1% of sales (vs. $341.3 million, or 25.6% of sales in the year-ago period). Diluted...

Deere reported net income for the quarter ending Oct. 30 of $7.44 a share, which surpassed the FactSet consensus of $7.11 a share. Earnings were $4.12 a share in the year-ago quarter. Total revenue climbed +37.2% year-over-year to $15.54 billion, well above Wall Street expectations of $14.40 billion (according to FactSet). Price realization was positive by about 19 percentage points, thereby...

Autodesk posted third-quarter fiscal 2023 non-GAAP earnings of $1.70 per share, in line with the Zacks Consensus Estimate (as reported by Zacks Equity Research). Revenues grew +14% from the year-ago quarter to $1.28 billion, meeting the consensus (according to Zacks Equity Research ). On a constant-currency basis, revenues climbed +15%. The software company’s subscription revenues (~93% of...

Chinese online search engine Baidu reported non-GAAP earnings per American depository share (EPADS) of $2.37, which was 17 cents higher than Wall Street consensus. Sales of $4.57 billion were climbed + 2% year-over-year. "Baidu Core delivered a solid set of financial and operational results in the third quarter, despite the continued challenges posed by the COVID-19 resurgence," mentioned CEO...

Best Buy posted third quarter earnings that crushed analysts’ expectations. The consumer electronics retail company’s adjusted earnings for the quarter came in at $1.38, well above analysts’ expectations of $1.03 per share. Revenue of $10.59 billion also topped consensus of $10.31 billion expected. Comparable sales decreased by -10.4%, less sharp vs. - 12.9% that analysts expected( according...

Alibaba Group Holding Limited posted its second-quarter fiscal 2023 non-GAAP earnings of $1.82 per ADS (RMB 12.92), exceeding the Zacks Consensus Estimate by +9% (as reported by Zacks Equity Research). Revenues were up +3% year-over-year to RMB 207.2 billion ($29.1 billion), missing the Zacks Consensus Estimate by -6.3% (as reported by Zacks Equity Research). China Commerce segment (65% of...

Bath & Body Works Inc. reported net income of 40 cents a share for its third quarter, handily topping analysts’ expectations of 20 cents a share (based on FactSet poll). The figure was 66 cents a share in the year-ago quarter. The fragrance and skincare company’s revenue decreased -5% to $1.6 billion, vs. analysts’ expectations of $1.56 billion. For the fourth quarter (including the key...

Applied Materials posted fourth quarter earnings that surpassed analysts’ expectations. The chip equipment company’s adjusted earnings came in at $2.03 a share for the October quarter, beating the consensus of $1.73 (based on FactSet survey). Revenue of $6.75 billion also topped analysts’ expectations of $6.45 billion. Applied Materials’ Semiconductor Systems segment generated sales of $5.04...

Nvidia posted its third-quarter adjusted earnings, which exclude stock-based compensation expenses and other items, of 58 cents a share, much lower than the year-ago quarter’s $1.17 a share. Analysts had expected 71 cents a share. The fabless company’s revenue fell to $5.93 billion from $7.1 billion in the year-ago quarter as gaming sales plunged. The figure is still higher than analysts’...

Cisco posted its fiscal first quarter earnings that surpassed analysts’ expectations. The IT/Networking company’s earnings for the quarter came in at 86 cents per share, above the 84 cents expected by analysts polled by Refinitiv. Revenue rose +6% year-over-year to $13.6 billion, also topping analysts’ estimates of $13.3 billion (according to Refinitiv). Revenue from Cisco’s largest business...

Target posted earnings that missed analysts’ expectations, while also warning of possible fourth quarter challenges. The retail company’s adjusted earnings came in at $1.54 per share, compared to analysts’ estimates for $2.17. Operating profit margin, at 3.9%, was well below estimates for 5.35%. “With high rates of inflation continuing to erode their purchasing power, many consumers this year...

Lowe’s reported third quarter earnings of $3.27 per share, beating analysts’ expectations of vs. $3.10 The home improvement retail chain’ s revenue rose +3% from the year-ago quarter to $23.48 billion, also topping the Street estimates of $23.13 billion. According to CNBC report, Chief Executive Marvin Ellison indicated that the tough housing market and rising interest rates haven't impacted...

Apple CEO Tim Cook indicated, in an interview with CBS Mornings, that the iPhone maker has slowed some hiring into the final quarter this year, Cook said during the interview that while Apple will continue to hire, it will make targeted additions to its estimated global headcount of around 165,000. "What we're doing as a consequence (to the economic uncertainty) in this period, is we're being...

Amazon might be planning to layoff around 10,000 people, according to a report from the New York Times. The retrenchment would be the largest in Amazon history. The report indicated that the layoffs (which would represent around 3% of Amazon’s global workforce) will be concentrated in the devices, retail and human resources segments. Some employees working on the company’s virtual assistant...

Apple supplier Foxconn announced that it will adjust its production capacity in China and elsewhere to mitigate the impact of Covid-linked shutdowns on its December quarter revenue outlook. "We will definitely work all out to adjust our production capacity and output, so there is no impact on demand for (the Christmas and Lunar New Year) holidays," Foxconn chairman Liu Young-way mentioned to...

Brookfield Asset Management Inc. third-quarter operating funds from operations or FFO climbed +30% from the year-ago quarter to $1.22 billion. FFO per share was $0.73, up from $0.56 a year ago. Revenues rose to $23.42 billion from $19.25 billion in the prior year. The asset management company experienced inflows of $33 billion during the quarter. It closed several new funds during this...

WestRock Company posted earnings for its fourth quarter that surpassed the Street expectations. The corrugated packaging company's adjusted earnings came in at $1.43 per share, above the $1.41 per share expected by analysts’ (according to Thomson Reuters compilation). Revenue climbed +6.1% from the year-ago quarter to $5.40 billion. The company’s sales from Corrugated Packaging business rose...

Disney's fiscal fourth quarter adjusted earnings came in at 30 cents per share, falling short of the Street's expectations of 55 cents per share. Revenue of $20.15 billion for quarter ending September missing the consensus estimate of $21.25 billion. The entertainment giant’s streaming platform Disney+ has garnered 164.2 million subscribers in the fiscal fourth quarter, exceeding Factset...

Atmos Energy posted its fiscal fourth quarter earnings of $0.51 per share, rising from $0.37 per share a year ago and exceeding the Zacks Consensus Estimate of $0.45 per share. Revenues climbed +27% from the year-ago quarter to $722.63 million, surpassing the Zacks Consensus Estimate by 0.08%. The natural-gas distributor’s guidance for earnings per share is between $5.90 to $6.10 a share for...