Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose more than 7% after-hours Tuesday after the company beat analysts’ expectations for its fiscal third quarter of its 2019 earnings. Here are the key numbers: Earnings: $1.05 per share, excluding certain items, vs. 79 cents per share as
Earnings
General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $32.2 billion, fell by more than 5% during premarket trading. Net sales for
Frederick Smith, CEO of FedEx. Adam Jeffery | CNBC FedEx CEO and Chairman Frederick Smith said on Tuesday the company’s lawsuit against the Department of Commerce is “separate and distinct” from recent shipping incidents involving Chinese technology company Huawei. The shipping company sued the Department of Commerce on Monday, saying that regulations requiring companies to
The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit. As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according
Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder’s sales got a boost from lower interest rates for mortgages, sending its shares up 4% before the opening bell. Several years of rising rates had put a brake on parts of the U.S. housing market in 2018. But a moderation in