Latest news with #profitoutlook
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Dell Technologies Raises Outlook as Sales Rise on AI Demand
Dell Technologies DELL -0.12%decrease; red down pointing triangle raised its profit outlook for the 2026 fiscal year after logging higher sales in its latest quarter, aided by strong demand for its artificial-intelligence servers. The maker of computers and software on Thursday said it now expects adjusted earnings per share of $9.40, up from its previous outlook for $9.30.
Bloomberg
4 days ago
- Business
- Bloomberg
HP Profit Outlook Falls Short on Tariffs Costs, Economy
HP Inc. gave a profit outlook for the current quarter that fell short of expectations, and cut its annual earnings forecast, pointing toward a weaker economy and continuing costs from US tariffs on goods from China. The shares fell about 15% in extended trading. Earnings, excluding some items, will be 68 cents to 80 cents a share in the period ending in July, the maker of computers and printers said Wednesday in a statement. Analysts, on average, estimated 91 cents. Fiscal second-quarter profit was 71 cents a share, compared with the average estimate of 81 cents. Profit was dented by 12 cents from the impact related to tariffs and HP's spending to move manufacturing out of China, said Chief Financial Officer Karen Parkhill.
Bloomberg
22-05-2025
- Business
- Bloomberg
Ross Stores Falls After Pulling Guidance Due to Tariff Blindspot
Discount retailer Ross Stores Inc. fell after pulling its full-year profit outlook due to heightened uncertainty caused by tariffs. 'There are simply too many unknown variables that are limiting our visibility into the second half of the fiscal year,' Chief Executive Officer James Conroy said on a call with analysts Thursday. More than half of the chain's inventory originates in China.
