- After 'astonishingly' poor quarter, Mac sales predicted to rebound. By Neil Hughes Friday, March 01, 2013, 07:14 am PT (10:14 am ET) Mac sales outgrew the overall PC market for 26 consecutive.
- Desktop for Mac, PC or Windows; Market Alerts. Free tool to help with gold. Futures point to rebound after technology-led selloff. Reuters Tuesday November 13, 2018 08:57. Tyson Foods Inc fell 3.4 percent after fourth-quarter revenue fell short of Wall Street estimates.
The robust expansion reflects a rebound in consumer spending, as well as upward revisions to nonresidential and private inventory. Forecast to rise 7.5 percent this year and 4.7 percent in 2019. Census Bureau, Freddie Mac September 2018 Economic and Housing Research Forecast. Grew at a slower pace last quarter.
Published 5:49 PM EDT Oct 16, 2018 Earnings to the rescue. A strong batch of quarterly profit reports from a trio of stocks in the Dow Jones industrial average sparked a market rebound Tuesday on Wall Street. The better-than-expected third-quarter results from companies in the health care and financial services businesses eased fears of an economic slowdown as interest rates move higher. The Dow closed higher by 548 points, or 2.2 percent, to 25,798. That rise, the blue-chip average's seventh biggest daily point gain ever and its best day since late March, helped it recoup a small chunk of its nearly 1,600-point drop after declines in six of the previous eight trading sessions.
Third-quarter results from drug maker Johnson & Johnson, health insurer UnitedHealth Group and Wall Street bank Goldman Sachs pushed stock prices up broadly Tuesday. The good news on profits, coupled with upbeat data on home-builder confidence, job openings and the nation's industrial sector, reinforced optimists’ belief that the economy remains strong in the face of rising borrowing costs and the fallout from trade tensions between the U.S. Richard Drew, AP 'I think solid earnings will stabilize the market,' says Nick Sargen, Fort Washington Investment Advisors in Cincinnati. More Money: Strong buy stocks: Here are 5 winners in the battered stock market More Money: Sears is in trouble: What shoppers should do now with the bankruptcy filing More Money: Walmart to team with Advance Auto Parts for online store, lowers FY 2019 earnings forecast While it's still early in the earnings reporting season, profits for all the companies in the Standard & Poor's 500 stock index are expected to grow nearly 22 percent, putting profits on track for a third straight quarter of 20 percent-plus growth, according to earnings tracker Refinitiv. After a gain of 2.2 percent Tuesday, the broad stock market, as measured by the Standard & Poor's 500, was 4.1 percent below its September all-time high. Looking ahead, Sargen views the recent stock market weakness as a short-term price adjustment, not the start of a serious downturn that could lead to a bear market, or 20 percent drop from last month's record high. 'What happened this month is a correction, not a bear market,' says Sargen. 'That said, it may be a preview of coming attractions for next year.'
Published 12:24 PM EDT Aug 14, 2018 Homeowners looking to spruce up their property and catch up on gardening projects delayed by poor spring weather buoyed Home Depot's second-quarter profit. Concern about the nation's largest home improvement retailer rose after it had a lackluster start to spring and a dip in sales for the first three months of the year. But the results for the April to June period, which surpassed Wall Street expectations, suggested an upswing in activity among do-it-yourself home repairers and home remodeling contractors. Economy and drivers for home improvement spending are strong,' Home Depot CEO Craig Menear said on a conference call with investment analysts after the company released its results.
After Poor Quarter Rebound Predicted For Machine
'We feel very positive about the strength of the home improvement sector and the customers' willingness to spend.' Second-quarter net income rose to $3.51 billion, or $3.05 per diluted share, from $2.7 billion, or $2.25 per diluted share, in the same period last year, Atlanta-based Home Depot reported Tuesday. The company's profit beat the forecast of $3.28 billion, or $2.85 per share, expected by analysts polled by S&P Global Market Intelligence. More customers frequented Home Depot and spent more, the company said. The company had 455.4 million transactions, compared with 441.8 million in the same three-month period a year ago. And customers spent more, $66.20 on average, than they spent a year ago ($63.05).
After Poor Quarter Rebound Predicted For Mac 2017
More: Quick, make an offer! 5 cities where homes sold the fastest — and the 5 slowest More: Home prices are high. What could cool them down? More: Home prices: Even midsize cities are getting pricey, leading some buyers to smaller markets Sales rose 8.4 percent to $30.46 billion, surpassing expectations of $30 billion; Home Depot reported $28.1 billion in revenue during the same period last year. The retailer also gave an upbeat sales forecast for the rest of the year, with sales expected to rise 7 percent for fiscal 2018, compared to 5.3 percent last year. The company's rebound suggests Home Depot not only recouped much of the lost sales from bad weather during the first three months of the year but also saw a surge in more homeowners spending on their homes, said Neil Saunders, managing director of retail consultancy GlobalData.
'Much of this is down to more robust consumer finances and increased levels of consumer confidence, both of which have stimulated spending on a variety of improvement projects from complete refurbishments to small decorative tasks,' Saunders said. 'Home Depot's strong brand presence and its good marketing mean it has captured the lion's share of the growth in the DIY category.' Home Depot's results offer a hopeful sign for a sluggish U.S. Housing market, which has seen buyers hunting for higher-priced homes amid a tight, but slightly expanding inventory of listings on the market. Shares of Home Depot (HD) rose $1, or 0.5 percent, in early trading Tuesday to $195.10.
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