Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s earnings and sales for the latest quarter fell short of analysts’ estimates, the company reported on Tuesday. It also cut its profit outlook for the full year. Its shares tumbled more than
Earnings
China’s Tencent Music Entertainment reported better-than-expected third-quarter revenue on Monday, as the streaming company added more paying users. However, it recorded the slowest rise in a widely watched metric for its biggest business, social entertainment services, which executives attributed to growing competition. Tencent Music’s U.S.-listed shares rose as much as 2% before trading down about
A sold sign stands outside a new home in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images D.R. Horton beat Wall Street estimates for quarterly profit and forecast 2020 home sales above estimates on Tuesday, as the No. 1 U.S. homebuilder benefits from strong demand on
Tyson Foods’ frozen chicken products. Daniel Acker | Bloomberg | Getty Images Tyson Foods fell short of Wall Street estimates for quarterly sales on Tuesday, as the No.1 meat processor in the United States was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity. Shares of
Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC CVS Health reported third-quarter earnings that beat Wall Street’s estimates as its Aetna insurance business helped juice the company’s profit by 10%. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts