Analog Devices reported a plunge in fourth-quarter profit, hurt by acquisition-related charges and other expenses, even as sales climbed 20 percent on strength in industrial and communications segments. Earnings for the quarter topped Wall Street estimates by a penny, and sales also surpassed expectations.
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Stocks were little changed Tuesday, unable to sustain any direction following a mixed batch of economic data, including an upbeat reading on U.S. third quarter GDP.
The S&P 500 closed 2.37 points, or 0.1 percent, lower at 2,067.04. The index touched a new record high before turning lower in the final...
U.S. crude oil plummeted over two percent for a second straight session to end at a four-year low on Tuesday, after reports said a meeting of four major oil producers failed to agree on production cuts, ahead of the upcoming OPEC meeting in Vienna.
However, some unconfirmed reports that the meet is...
Gold futures ended higher on Tuesday, as the dollar trended lower on some mixed data from the U.S. with gross domestic product increasing more than previously estimated in the third quarter, although consumer confidence deteriorated unexpectedly in November.
Some upbeat data from Europe also limited...
After failing to sustain an initial upward move, stocks have shown a lack of direction over the course of early trading on Tuesday. The major averages have been bouncing back and forth across the unchanged line.
This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
Consumer confidence in the U.S. unexpectedly deteriorated in the month of November, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dropped to 88.7 in November from a downwardly revised 94.1 in October.
Home prices in major U.S. metropolitan areas experienced a broad based slowdown in the month of September, according to a report released by Standard & Poor's on Tuesday.
Economic activity in the U.S. unexpectedly increased by more than previously estimated in the third quarter, according to a report released by the Commerce Department on Tuesday.
A prolonged stagnation in the euro area could hurt global growth and stronger policy responses are needed to avoid such risks, the Organisation for Economic Co-operation and Development (OECD) said Tuesday. In its latest Economic Outlook, the Paris-based think tank said any prolonged stagnation in the euro area could drag down global growth.
Apple could be set to enjoy record high sales figures in the final quarter this year, as analysts are predicting heavy demand for the company's flagship iPhone 6 smartphone. Ming-Chi Kuo, an analyst with KGI, predicts that Apple could move as many a 71.5 million iPhones this holiday season.
Following the strength seen in the previous session, stocks may extend their upward trend in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 37 points.
World's largest soup maker Campbell Soup Co. reported Tuesday a profit for the first quarter that increased from last year, despite lower gross margins, driven by organic sales growth in four of its five segments, particularly in U.S. simple meals. Both adjusted earnings per share from continuing operations and quarterly sales topped analysts' expectations.
Jewelry retailer Tiffany & Co. on Tuesday reported a 60 percent decline in profit for the third quarter from last year as higher sales and margins were more than offset by a debt extinguishment charge. Both revenue and adjusted earnings per share for the quarter missed analysts' expectations. For fiscal 2014, the company affirmed its earnings forecast, but lowered its outlook for sales.