The Domino’s Pizza company logo is displayed on the jacket of delivery driver in London, U.K., on February 27, 2017. Jason Alden | Bloomberg | Getty Images Domino’s stock fell Tuesday after the company reported weaker same-store sales growth as it expands its store base and grapples with the threat of third-party delivery. Shares of
Earnings
Michael Corbat, CEO of Citigroup Lucy Nicholson | Reuters Citigroup beat analysts’ expectations for profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Revenue climbed 2% to
Bay Ismoyo | AFP | Getty Images The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits. Of the 5% S&P 500 companies that have reported so far, more than half of
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
A sales consultant with Illumina displays a flow cell at a symposium in La Jolla, California. Sam Hodgson | Reuters Shares of Illumina dropped more than 16% in extended trading after the genetics company slashed its full-year guidance and previewed disappointing second-quarter revenue. Illumina said it expects to report a second quarter revenue of approximately