Home Depot lowered its fiscal year sales guidance as it reported a 3% decline in its fiscal third quarter to Nov. 3 earnings of $2.77 billion, or $2.53 a share. Revenue rose 3.5% to $27.22 billion, and its U.S. comparable-store sales grew 3.8%. The company said its sales were below expectations because of "the timing of certain benefits associated with its One Home Depot strategic investments." Analysts polled by FactSet expected earnings of $2.52 a share on sales of $27.53 billion. For the year, Home Depot still expects earnings per share growth of 3.1% but trimmed its sales growth view to 1.8% from 2.3%.
Kohl's Corp. stock dropped 10.7% in Tuesday premarket trading after the retailer cut its full-year guidance. Net income totaled $123 million, or 78 cents per share, down from $161 million, or 98 cents per share, in 2018. Adjusted EPS was 74 cents. Revenue of $4.63 billion, flat with last year but ahead of the FactSet consensus for $4.40 billion. Same-store sales rose 0.4%, below the 0.9% FactSet guidance. For the year, Kohl's expects adjusted EPS of $4.75 to $4.95, down from previous guidance of $5.15 to $5.45. The FactSet outlook is for EPS of $5.19. Kohl's stock has taken a 12% tumble for 2019 so far while the S&P 500 index is up 24.5% for the period.
Housing starts also rose 3.8% as builders look to construct many more homes across the country.
Bill and Grace Heaton, both in their 30s, say they’re living the dream: ‘Don’t go chasing things that you think will buy happiness.’
Apple Inc. , which already hosted multiple events to show off new hardware and services this year, plans to host another event in December "honoring our favorite apps and games of 2019." Apple sent invites to select media for an event Dec. 2 in New York, headlining the invitation "Loved by millions. Created by the best." The iPhone maker typically announces the best-performing apps in its App Store in a December release, so the event could be a live version of that announcement. Apple this year has already held a March event to show off new services, used the annual WWDC keynote to exhibit new Macs and operating systems, and hosted the annual September event focused on new iPhones. Apple stock closed with a 0.5% gain at $267.10, establishing a record closing price for the fourth time in six trading sessions. Shares ticked up about 0.2% in after-hours trading, when the invite was released.
U.S. Treasury yields struggle for direction on Monday as investors keep a close watch on progress towards a phase one deal between Washington and B...
Halma surged in London trading on Tuesday as the maker of hazard detection products reported better-than-forecast results.
Myovant Sciences Ltd. shares soared 79% in premarket trade Tuesday, after the healthcare company said a late-stage trial of a treatment for advanc...
Roku Inc. shares are off 2.2% in premarket trading Tuesday after the company disclosed that selling stockholders would be reselling up to 571,459 ...
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55% of Fidelity participants haven’t touched their accounts a year into retirement.
Many voters have come around to the idea that the loans are an unsustainable burden.
Working with someone who has harassed you can be ‘devastating,’ and ‘often makes it impossible to do your job.’
|30 yr fixed Jumbo||4.07%|
|30 yr fixed||3.72%|
|15 yr fixed||3.15%|
|10 yr fixed||3.14%|
|30 yr fixed refi||3.72%|
|15 yr fixed refi||3.16%|
|5/1 ARM refi||4.08%|
|$30K Home Equity Loan||5.24%|
|$50K Home Equity Loan||3.74%|
|$75K Home Equity Loan||3.74%|
|$100K Home Equity Loan||4.12%|
|5 yr CD||1.42%|
|2 yr CD||1.18%|
|1 yr CD||1.14%|
|MMA Savings Jumbo||0.66%|
Secretary of State Mike Pompeo is expected to announce Monday that the U.S. no longer will consider Israeli settlements to be illegal under international law, a move that formalizes the Trump administration’s treatment of ...
Shares of Home Depot Inc. rose 0.5% toward a record high in afternoon trading Monday, ahead of the home improvement retailer's fiscal third-quarte...
Amazon.com Inc. said Monday it will create 500 new full-time jobs in Mississippi as it builds a new fulfillment center in DeSoto County, which is ...