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Added on the 31/05/2019 06:19:02 - Copyright : Wochit
Merck posted better than expected sales and profit. The company getting a boost from its diabetes drug Januvia, but strong dollar concerns linger. Shartia Brantley reports.
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July. Bobbi Rebell reports.
General Electric reported higher-than-expected first quarter profit, but there are concerns about revenue, which fell. Bobbi Rebell reports.
Wal-Mart posted its fifth straight gain in U.S. same-store sales as third quarter earnings beat analyst estimates. But, a strong U.S. dollar hurt international operations. Shartia Brantley reports.
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