Brinker International (EAT) on Tuesday reported fiscal fourth-quarter adjusted earnings that beat expectations, pushed higher by To Go sales at its Chili restaurants. The Dallas-based company, which operates the Chilis and Maggiano’s Little Italy brands, said adjusted per-share earnings for the quarter ended June 26 rose to $1.36, up from […]
Teva Pharmaceutical Industries (TEVA) shares on Wednesday dropped as the Israeli generic drug maker reported second-quarter earnings that were down more than 20% from the year before, but still came in better than expected. Teva said revenue in the quarter ended June 30 was $4.34 billion, down from $4.7 billion […]
Kellogg (K) reported better-than-expected results for its fiscal second quarter and affirmed its sales growth guidance for the year amid gains in North American snacks, even as the company said higher input costs and taxes weighed on profitability. Net sales rose 3% to $3.46 billion in the period ending June […]
Shares of Starbucks (SBUX) hit a new record early on Friday as the firm lifted its sales and earnings forecasts for fiscal 2019 after revenue and net income comfortably beat guidance in the third quarter due in part to a global expansion of stores. The group said in its earnings […]
Luckin Coffee (LK) is looking to expand to the Middle East and India in the chain’s first foray outside of its home market of China. Beijing-based Luckin, which raised $571 million in a May initial public offering, said on Monday that it signed a memorandum of understanding with Kuwaiti food […]
Equities edged lower on Wednesday as investors digested another slate of corporate earnings with railroad stocks sinking to weigh on industrials while health care components firmed. Markets have posted marginal moves this week as the second-quarter earnings season picked up pace, with a host of mixed results. Industrials on the […]
Marine company Brunswick (BC) had its rating and price target cut by RBC Capital Markets on Monday as the maker of boats and engines faced pressure from weather issues in the second quarter. Shares in Brunswick will be “range-bound” until the 2020 boat season gets closer, RBC analyst Joseph Spak […]
The TSX is down 35 points this morning with info tech, industrials, the biggest decliners, down 0.84% and 0.71% respectively. Healthcare is down 0.66%. Blackberry shares are down 9% and the second most actively traded on the TSX, even though it reported an earnings beat. The stock is being buffeted […]
German auto giant Daimler (DAI.DE, DAI.F, DDAIF) issued a profit warning on Sunday, saying an “increase of provisions” for various ongoing governmental proceedings and measures relating to diesel vehicles will “affect” the company’s second-quarter 2019 earnings. The Stuttgart-headquartered group that makes cars, vans and trucks said in a trading update […]
A closely-watched gauge of economic sentiment in Germany fell sharply in June as a combination of worse-than-expected export data and trade tensions between the US and China appeared to have dented analysts’ views of the nation’s growth prospects. The ZEW Indicator of Economic Sentiment for Germany, which is based on […]
