Tag: Earnings

H&M says profit up by $1.2 billion as world opens up again

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STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Thursday its profit for the second quarter soared by 10 billion kronor ($1.2 billion)...

Walgreens tops fiscal 3Q forecasts as recovery continues

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Walgreens earnings surged past Wall Street expectations for the fiscal third quarter, as the drugstore chain continued to rebuild sales hurt by the COVID-19...

This week: Home prices, Walgreens earnings, June jobs report

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A look at some of the key business events and economic indicators upcoming this week: ...

Nike shares surge premarket on N. American sales, outlook

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Nike's shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and...

FedEx posts profit as online shopping boom continues

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NEW YORK — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by...

Dubai investment arm posts $5.1 billion loss amid pandemic

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DUBAI, United Arab Emirates — Dubai‚Äôs state-owned sovereign wealth fund announced Tuesday a net loss of $5.1 billion over the past year, highlighting the...

This Week: FedEx, Nike results; rig count

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A look at some of the key business events and economic indicators upcoming this week: ...

GM raises forecast, says chip shortage not as bad as feared

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DETROIT — General Motors says efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve...

Zoom’s boom continues in 1Q, raising post-pandemic hopes

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SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the...

Best Buy raises 2021 comparable store sales expectations

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NEW YORK — Three months after saying that comparable store sales may actually fall in 2021, Best Buy on Thursday released a much more...