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corporate earnings

  • Macy’s sales plunge 20% as COVID-19 threatens holiday season

    Macy’s sales plunge 20% as COVID-19 threatens holiday season

    November 19, 2020 | 12:33pm

    Macy’s comparable sales plummeted more than 20 percent in the last three months amid a surge in coronavirus cases that could hamstring the holiday season, the retailer said Thursday. The
  • Bath & Body Works sales surge, boosting shares of parent L Brands

    Bath & Body Works sales surge, boosting shares of parent L Brands

    November 19, 2020 | 12:26pm

    L Brands shares skyrocketed Thursday as a coronavirus-fueled sales surge at Bath & Body Works helped the retailer post a blowout quarterly profit. The Ohio-based conglomerate’s stock price
  • Walmart sees promising holiday season as online sales soar

    Walmart sees promising holiday season as online sales soar

    November 17, 2020 | 12:43pm

    Walmart said Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans
  • Disney swings to a $710M loss as pandemic crushes parks business

    Disney swings to a $710M loss as pandemic crushes parks business

    November 12, 2020 | 06:47pm

    Disney’s swung to a $710 million loss in the fourth quarter as its theme parks and movie business continued to get crushed by the economic fallout from the coronavirus pandemic. The Mouse House,
  • Beyond Meat falls 20 percent amid surprise loss, McDonald’s confusion

    Beyond Meat falls 20 percent amid surprise loss, McDonald’s confusion

    November 10, 2020 | 01:36pm

    Beyond Meat’s shares tanked more than 20 percent on Tuesday after the plant-based patty maker reported a surprise quarterly loss amid weakening sales, even as confusion persisted about its
  • News Corp stock surges on better-than-expected quarterly profits

    News Corp stock surges on better-than-expected quarterly profits

    November 06, 2020 | 04:26pm

    Shares of News Corp. surged 10 percent on Friday after the publishing giant said it swung to profit with better-than-expected quarterly results. The parent of the New York Post and the Wall Street
  • Hershey profits soar as US binges on sweets during COVID-19 lockdowns

    Hershey profits soar as US binges on sweets during COVID-19 lockdowns

    November 06, 2020 | 01:45pm

    The Hershey Co. posted a sweet third-quarter profit as Americans stocked up on chocolate and baked their own treats amid the coronavirus pandemic. The Pennsylvania candy maker’s operating
  • Coty posts surprise profit as demand for beauty products recovers

    Coty posts surprise profit as demand for beauty products recovers

    November 06, 2020 | 01:19pm

    Coty posted a surprise quarterly profit on Friday as demand for its beauty products and fragrances recovered from lockdown lows and the cosmetics maker kept a tight lid on costs, sending its shares 17
  • Marriott reports surprise profit, says travel demand is improving

    Marriott reports surprise profit, says travel demand is improving

    November 06, 2020 | 11:39am

    More consumers are traveling now than in the early months of the pandemic, which fueled a surprise quarterly profit for the largest hotel company in the world. Marriott International, whose 7,600
  • Discovery stock up 4 percent as ad revenue rebounds

    Discovery stock up 4 percent as ad revenue rebounds

    November 05, 2020 | 01:02pm

    Investors sent shares of Discovery up 4 percent on Thursday after the company revealed that its ad sales — dragged down by the pandemic earlier this year — have been rebounding. The media company
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