The Estée Lauder Companies Inc. (NYSE: EL) is set to release its earnings results for the fourth quarter on Monday before the market opens. The bottom line will be hurt by the costs associated with its investment in new technologies and geographic markets for achieving its long-term strategy. The results will be impacted by the…
Square Inc. (NYSE: SQ) is scheduled to report its third-quarter 2019 earnings results on Wednesday after the market closes. The results will be hurt by higher costs and expenses despite a possible growth in the top line. However, the adjusted revenue growth rate will decelerate due to an increase in transaction-based costs, bitcoin costs and…
— Foot Locker Inc. (NYSE: FL) reported Q4 2019 earnings of $1.63 per share, vs. $1.58 expected. — Sales fell 2.2% to $2.22 billion, vs. $2.24 billion expected. — Comparable store sales decreased 1.6%. — Merchandise inventories were $1.20 billion at quarter-end, down 4.8% year-over-year.   — During the quarter, the company opened 32 new…
Pier 1 Imports Inc. (NYSE: PIR) is set to release its second-quarter earnings results on Wednesday after the market closes. The home decoration retailer has been struggling for several quarters in a row due to weak store traffic and double digits decline in comparable-store sales. This could increase the chances of the company going bankrupt.…
— Smart Global Holdings (NASDAQ: SGH) reported its first-quarter 2020 adjusted earnings of $0.55 per share versus $0.73 per share expected. — Net sales plunged by 31% to $272 million versus $280.02 million expected. — The GAAP earnings dipped by 99% as its high performance computing business, Penguin Computing, experienced worse than expected seasonal weakness.…
— Eaton Corporation plc (NYSE: ETN) reported Q4 2019 earnings of $1.46 per share, vs. $1.40 expected. — Sales fell 4% to $5.2 billion, vs. $5.34 billion expected. — Organic sales dropped 4%. — Electric Products segment sales fell 2% to $1.8 billion. — Electrical Systems and Services segment sales rose 4% to $1.7 billion.…
FireEye (NASDAQ: FEYE) is set to report its third-quarter earnings results on Tuesday, October 29, after the market closes. The top line will be benefited by the demand for threat intelligence and managed defense solutions while the bottom line will be hurt by higher costs and expenses. Despite its presence in the cybersecurity market, the…
Department store chain Macy’s (NYSE: M) Tuesday said its fourth-quarter sales decreased modestly. As a result, earnings dropped but surpassed the estimates, reflecting the better-than-expected holiday sales. The stock gained during the pre-market session, following the announcement, but pulled back later. Sales Edge Down At $8.3 billion, January-quarter net sales were down 1% from last…
— Bank of Montreal (NYSE: BMO) reported its fourth-quarter 2019 adjusted earnings of CAD2.43 per share versus CAD2.41 per share expected. — The bottom line reflected strong performance in its Personal and Commercial banking businesses and higher net income in BMO Wealth Management, partially offset by a decline in BMO Capital Markets and a higher…
— Ericsson (NASDAQ: ERIC) reported Q4 2019 earnings of SEK1.33 per share compared to a loss of SEK1.99 per share in the prior-year period. — Net income was SEK4.5 billion compared to a net loss of SEK6.5 billion last year.     — Sales grew 4% year-over-year to SEK66.4 billion. — Reported sales in the Networks…