Red Hat, the world’s largest commercial distributor of the Linux operating system, reported quarterly revenue and profit above market expectations, boosted by strong growth in subscriptions.
Shares of the company, which counts IBM, Dell, and Alcatel-Lucent among its customers, were up 9.9…
BlackBerry reported quarterly revenue on Friday that fell short of analysts’ expectations, but managed to post a small adjusted profit and positive cash flow. The company reported a net loss of $148 million, or 28 cents a share in the quarter ended Nov. 29. That compared with a year…
Finish Line shares plunged on Friday after it reported a higher fiscal third-quarter profit but its adjusted results fell short of Wall Street’s expectations as it dealt with some charges and merchandise margin pressure. The stock dropped 19 percent on Friday and remained largely unchanged…
General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 37 percent fall in quarterly profit hurt by weak demand in the United States and slowing growth in Europe and Canada.
The company said net income attributable to General Mills fell to $346.1 million, or 56…
Struggling apparel retailer Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise by dropping the logo-centric approach failed to attract young customers. Shares of the company, which also posted lower-than-expected quarterly sales,…
Express, the clothing and accessories chain, said Thursday that its fiscal third-quarter earnings dropped 24 percent as sales weakened and its interest expense climbed. Its profit beat analysts’ expectations, but revenue fell short. The retailer cut its full-year earnings forecast, citing…
J.M. Smucker on Wednesday reported net income of $158.3 million in its fiscal second quarter. On a per-share basis, the Orrville, Ohio-based company said it had net income of $1.55. Earnings, adjusted for non-recurring gains, were $1.53 per share.
The results fell short of Wall Street…
Discount retailer Dollar Tree raised its sales outlook for the year after recording its strongest growth in quarterly same-store sales since 2011. Shares of the company, which has agreed to buy Family Dollar Storesfor $8.5 billion, rose 3 percent premarket. Dollar General countered with a $9.1…
GameStop on Thursday reported fiscal third-quarter profit of $56.4 million. On a per-share basis, the Grapevine, Texas-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs, were 57 cents per share. The results fell short of Wall Street expectations. The…
Autodesk reported better-than-expected quarterly revenue, as the maker of computer-aided design software benefits from its switch to a cloud-based subscription model. The company’s shares rose about 3 percent in after-market trade as it also raised its full-year revenue growth forecast….
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