Constellation Brands Inc raised its full-year profit forecast and reported better-than-expected quarterly sales and profit on Thursday, as it benefited from strong demand for Corona beers during the summer, sending its shares up as much as 7 percent.
Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.
Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.
Sept 7 Tesla Inc's Chief Exeuctive
Officer Elon Musk provoked another Twitter storm on Friday after
briefly smoking marijuana on a live web show with comedian Joe
ZURICH/BENGALURU New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India's Aurobindo Pharma Ltd for up to $1 billion.
* U.S. soup sales had 4 straight years of declines under
May 18 Campbell Soup Co Chief Executive
Officer Denise Morrison unexpectedly stepped down on Friday, as
the company issued a bleak forecast for the year and said it
would embark on a review of its many brands.
Gap Inc's namesake brand reported a bigger-than-expected drop in quarterly same-store sales on Thursday, sending shares down nearly 7 percent in after-hours trade even as the apparel retailer beat Wall Street profit expectations and posted strong revenue.
Urban Outfitters Inc on Tuesday topped Wall Street estimates for quarterly results, as investments to boost online sales paid off and the retailer managed to sell more apparel at full price.