forecast

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..

Sony Predicts Highest Annual Profit

Sony Predicts Highest Annual Profit

On Tuesday, Sony (NYSE: SNE) announced forecasts of highest ever profit this year by restructuring the company and focusing more on gaming and image sensors. Since March of 1998, the company’s earnings have been soaring due to strong sales of ..

Snap’s Investment in Spectacles backfires

Snap’s Investment in Spectacles backfires

Snap Inc. (NYSE: SNAP) overestimated the amount of sales for the Spectacles. Now, the company is backed up with over hundreds of thousands of unsold Spectacles just sitting in a warehouse waiting to be bought, first reported by The Information...

GM Canada's July Sales Rise 22% in July

GM Canada's July Sales Rise 22% in July

On Tuesday, General Motors Co (NYSE: GM) said that it sold 25,852 vehicles in July in Canada. That’s a 22 percent increase from the year prior. This is a striking contrast to the company’s performance in its home market.The company repor..

Starbucks’ Biggest Stock Decline

Starbucks’ Biggest Stock Decline

In almost 2 years, Starbucks Corporation (NASDAQ: SBUX) experienced their biggest stock decline after cutting their forecast. Shares fell 8.2% to $54.63 in New York marking it the biggest plunge since August 2015. Starbucks also struggled to run a c..

$1 drinks boost McDonald’s shares; shares jump

$1 drinks boost McDonald’s shares; shares jump

According to Reuters, McDonald’s Corp. (NYSE: MCD) posted on Tuesday its biggest jump in global sales at its locations in five years, helped by a stronger growing customer base in all locations across the world with deals such as drink special..

Caterpillar Beats Expectations, 2017 Forecasts raised

Caterpillar Beats Expectations, 2017 Forecasts raised

According to an article from Reuters, Caterpillar, Inc. (NYSE: CAT) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from Chin..