Kohl’s (KSS) shares are moving higher in early trading, jumping by as much as 7% after the company beat Wall Street’s earnings expectations by $0.15 per share and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Are you ready for the single most important earnings report of 2024? Interestingly, this company won the award for the single most important earnings report of 2024 (and every quarter in 2023) when
Nvidia’s stock (NVDA) is back. But it’s about to be put to the test again. The next big event for the market is the chip darling’s earnings report, set for after the bell Wednesday. And it’s not just Nvidia’s stock that’s on the line: Nvidia’s closely watched results will set the pace for other AI
The market was pleased with the recent earnings report from Westlake Corporation (NYSE:WLK), despite the profit numbers being soft. We think that investors might be looking at some positive factors beyond the earnings numbers. See our latest analysis for Westlake earnings-and-revenue-history How Do Unusual Items Influence Profit? To properly understand Westlake’s profit results, we need
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Economists and investors have been on consumer-slump watch over the past couple of months. Warnings signs included a slump in retail sales in June and Amazon’s CFO flagging “cautious consumers.” Analysts were bracing
3M stock just had its best day on record, leaving investors slack-jawed. They aren’t exactly sure why. The answer is surprisingly simple though: It’s growth. 3M stock gained 23% on Friday after reporting better-than-expected second-quarter earnings. It was the best one-day move for the stock on record, according to Dow Jones Market Data. They looked