The largest in the US chain of stores for household goods, Home Depot, reported that in the second fiscal quarter ended in July, its net profit rose to $3 billion 510 million from $2 billion 670 million in the same period last year. Per share, the net profit was 3 dollars 5 cents, while analysts had predicted 2 dollars 85 cents per share. Revenue reached 30 billion 460 million dollars, while experts had expected the figure at 30 billion 30 million dollars. Stores opened at least a year ago increased sales by 8%. Analysts had predicted an increase of 6.5%.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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 ...