Chipotle Mexican Grill Inc. (CMG) Monday reported a 57 percent jump in profit for the third quarter, as revenues surged on new restaurant openings and strong same-restaurant sales. Earnings and revenues for the quarter trounced Wall Street expectations. However, despite positive results, the restaurant...
Texas Instruments Inc reported a 31 percent jump in third-quarter profit, led by growth in revenues and margins, with results topping Wall Street estimates. The company detailed a strong outlook for the fourth quarter, sending its shares up 2.5 percent in after-hours trade on the Nasdaq.
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season.
Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session.
U.S. crude oil snapped a two-day gain to end lower on Monday, ahead of the weekly inventory data following some soft demand amid speculation of excess supply globally, even as markets look to steady after a volatile week brought on by concerns over the global economy.
According to reports, environmental...
President Barack Obama was back in his hometown of Chicago on Monday to participate in the first day of early voting in the state of Illinois. Obama indicated at an event Sunday night that he intended to vote to re-elect Sen. Dick Durbin, D-Ill., and Illinois Gov. Pat Quinn.
Gold futures snapped a two-day loss to end higher on Monday, as the dollar trended lower against some major currencies with investors seeking the safe haven status of the precious metal amid worries over the eurozone economy, with added speculation the U.S. Federal Reserve may not hike rates soon.
Utility Cleco Corp. (CNL) Monday said it has agreed to be acquired by an investor group led by Australia's Macquarie Group Ltd. for $3.4 billion. The shares of Pineville, Louisiana-based power company is currently up over 10 percent, following the news.
The investor group has agreed to pay shareholders...
Stocks have moved mostly higher over the course of the trading day on Monday, extending the strong upward move that was seen last Friday. The major averages are currently turning in a mixed performance, however, with a steep drop by shares of IBM (IBM) weighing on the Dow.
While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
After ending last Friday's trading sharply higher, stocks are turning in a mixed performance in early trading on Monday. While the tech-heavy Nasdaq is seeing further upside, the Dow has dropped firmly into negative territory.
Automotive and industrial parts distributor Genuine Parts Co. on Monday reported a 10 percent increase in profit for the third quarter from last year, reflecting sales growth across all four of its business segments. Earnings per share for the quarter matched analysts' expectations, while revenues beat their estimates.
Gannett Co. Inc., the parent company of USA Today, Tuesday reported a 49 percent increase in profit for the third quarter from last year, reflecting higher revenues in the company's broadcasting and digital segments. Earnings per share for the quarter beat analysts' expectations, while revenues matched their estimates.
Specialty chemicals company Platform Specialty Products Corp. agreed Monday to acquire crop solutions provider Arysta LifeScience Ltd. in a deal valued at about $3.51 billion. The deal is expected to close in the first quarter of 2015,
Branded lifestyle apparel maker VF Corp. Monday reported 8 percent rise in the third-quarter profit, as revenue rose by strong growth in Outdoor & Action Sports coalition. Profit as well as revenue came in below Street estimates. The company lifted its earnings per share outlook for full year, and backed its revenue growth view. VF Corp also announced a 22 percent increase in quarterly dividend.