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Home Depot, the largest home improvement retailer in the United States, reported on its fiscal quarter, which ended February 3. During the earnings period, its net profit grew by 32% in annual terms and reached 2 billion 340 million dollars. Earnings per share rose to 2 dollars 9 cents, while economists had predicted a rise to 2 dollars 16 cents per share. Revenue in the amount of 26.5 billion dollars showed an annual increase of 10%. Growth in comparable sales was at the level of 3.2%, while sales in the United States grew by 3.7%. The company expects this year's slowdown in comparable sales growth to 5% from 5.2% last year.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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