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Baidu Inc.: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Tuesday reported second-quarter earnings of $718 million.On a per-share basis, the Beijing-based company said it had net income of $1.95. Earnings, adjusted for stock option expense and non-recurring costs, came to $3.11 per share.The web search company posted revenue of $4.7 billion in the period.Baidu Inc. shares have increased 9% since the beginning of the year. The stock has declined slightly more than 3% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIDU at https://www.zacks.com/ap/BIDUSource

GDS Holdings: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Tuesday reported a loss of $31.2 million in its second quarter.On a per-share basis, the Shanghai-based company said it had a loss of 18 cents.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.The company posted revenue of $340.9 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $347 million.GDS Holdings expects full-year revenue in the range of $1.37 billion to $1.42 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GDS at https://www.zacks.com/ap/GDSSource

Lowe’s: Fiscal Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe’s Cos. (LOW) on Tuesday reported fiscal second-quarter earnings of $2.67 billion.The Mooresville, North Carolina-based company said it had net income of $4.56 per share.The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.49 per share.The home improvement retailer posted revenue of $24.96 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $24.94 billion.Lowe’s expects full-year earnings in the range of $13.20 to $13.60 per share, with revenue in the range of $87 billion to $89 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOWSource

ScanSource: Fiscal Q4 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

GREENVILLE, S.C. (AP) — GREENVILLE, S.C. (AP) — ScanSource Inc. (SCSC) on Tuesday reported profit of $18.8 million in its fiscal fourth quarter.The Greenville, South Carolina-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.The technology products distributor posted revenue of $947.1 million in the period. Its adjusted revenue was $947.4 million.For the year, the company reported profit of $89.8 million, or $3.54 per share. Revenue was reported as $3.78 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCSC at https://www.zacks.com/ap/SCSCSource

Medtronic: Fiscal Q1 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

DUBLIN (AP) — DUBLIN (AP) — Medtronic PLC (MDT) on Tuesday reported fiscal first-quarter profit of $791 million.The Dublin-based company said it had profit of 59 cents per share. Earnings, adjusted for amortization costs and pretax expenses, were $1.20 per share.The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.The medical device company posted revenue of $7.7 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $7.57 billion.Medtronic expects full-year earnings in the range of $5.08 to $5.16 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDT at https://www.zacks.com/ap/MDTSource

Dick’s: Fiscal Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

CORAOPOLIS, Pa. (AP) — CORAOPOLIS, Pa. (AP) — Dick’s Sporting Goods Inc. (DKS) on Tuesday reported fiscal second-quarter profit of $244.3 million.On a per-share basis, the Coraopolis, Pennsylvania-based company said it had profit of $2.82.The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.76 per share.The sporting goods retailer posted revenue of $3.22 billion in the period, matching Street forecasts.Dick’s expects full-year earnings in the range of $11.50 to $12.30 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DKS at https://www.zacks.com/ap/DKSSource

Canadian Solar: Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

ONTARIO, Ontario (AP) — ONTARIO, Ontario (AP) — Canadian Solar Inc. (CSIQ) on Tuesday reported second-quarter earnings of $170 million.On a per-share basis, the Ontario, Ontario-based company said it had profit of $2.39.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.The solar wafers manufacturer posted revenue of $2.36 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.5 billion.For the current quarter ending in September, Canadian Solar said it expects revenue in the range of $1.9 billion to $2.1 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSIQ at https://www.zacks.com/ap/CSIQSource

Macy’s: Fiscal Q2 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

NEW YORK (AP) — NEW YORK (AP) — Macy’s Inc. (M) on Tuesday reported a loss of $22 million in its fiscal second quarter.The New York-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The department store operator posted revenue of $5.13 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $5.06 billion.Macy’s expects full-year earnings in the range of $2.70 to $3.20 per share, with revenue in the range of $22.8 billion to $23.2 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on M at https://www.zacks.com/ap/MSource

Charles Schwab plans job cuts and office downsizing amid efforts to reduce operating costs

Published Mon, 23 Dec 2024 12:37:20 GMT

NEW YORK (AP) — Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing.With these cuts, Charles Schwab expects to achieve at least $500 million of incremental annual run-rate cost savings — but also incur about $400 million to $500 million from expenses like employee compensation, benefits and facility exit costs.The Westlake, Texas-based company did not specify how many positions would be eliminated — but suggested that the layoffs will take place in the coming months, noting that it anticipated most costs related to these job cuts for the second half of 2023. Office locations set to be impacted by closures or downsizing were also not specified, but Charles Schwab said it expected to incur those real estate-related costs in 2023 and 2024.In Monday’s filing, the company pointed to previously-announced “incremental actions to streamline its...

Sphere Entertainment: Fiscal Q4 Earnings Snapshot

Published Mon, 23 Dec 2024 12:37:20 GMT

NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Tuesday reported profit of $536.8 million in its fiscal fourth quarter.On a per-share basis, the New York-based company said it had profit of $15.24. Earnings, adjusted to account for discontinued operations, were $10.21 per share.The company posted revenue of $129.1 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $140 million.For the year, the company reported profit of $502.8 million, or $14.40 per share. Revenue was reported as $573.8 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPHR at https://www.zacks.com/ap/SPHRSource