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Earnings
Business, Technology

Company Earnings Guidance Is Wrong About 70% of the Time

Illustration of a stock analyst evaluating numbers

The pandemic may have upended businesses, but surprisingly it did little to dent managers’ misplaced confidence in their earnings forecasts, new research shows.

Matthew Boyle | Bloomberg News
May 23, 2023
Business

Target Stands By Its Annual Outlook

A Target store in Chicago

Target Corp. stood by its annual outlook after posting higher-than-expected profit in the first quarter, even as “softening sales trends” threaten to crimp short-term results.

Brendan Case | Bloomberg News
May 17, 2023
Business, Equipment

Eaton Q1 Profit Rises 19.7% as It Eyes Megaprojects

Eaton HQ

Profits at Eaton Corp. rose 19.7% in the first quarter of 2023 on sales growth that beat company expectations.

Keiron Greenhalgh | Staff Reporter
May 2, 2023
Business, Equipment, For-Hire

Forward Air Reports Revenue and Earnings Decline for Q1

Image

Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.

Connor D. Wolf | Staff Reporter
May 1, 2023
Business, Logistics, For-Hire

Hub Group Reports Revenue and Earnings Decline for Q1

Image

Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.

Connor D. Wolf | Staff Reporter
April 28, 2023
Business, Logistics, For-Hire

Landstar Reports Revenue and Earnings Decline for Q1

Image

Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.

Connor D. Wolf | Staff Reporter
April 27, 2023
Business, Technology, Equipment

Paccar Q1 Earnings Soar as Truck, Parts Margins Jump

Peterbilt

Paccar saw its earnings jump 22% year-over-year in the three months that ended March 31 on the back of record revenue and a jump in margins.

Keiron Greenhalgh | Staff Reporter
April 25, 2023
Business, Technology, Safety, Fuel, Autonomous

Tesla Q1 Sales Climb, but Profit Falls on Price Cuts

The Tesla company logo

DETROIT — Tesla shares fell sharply April 20 as the company felt the sting of numerous price cuts it made across its model lineup this year in hopes of energizing sales.

Tom Krisher | Associated Press
April 20, 2023
Business, Private

Albertsons Eyes Higher Wages, Tougher Consumer Backdrop

An Albertsons supermarket in Las Vegas, Nev.

Albertsons Cos. is anticipating higher labor costs and “a more difficult consumer environment” in a new sign of caution from big U.S. retailers.

Brendan Case | Bloomberg News
April 11, 2023
Business, Technology

Rivian Slides as EV Production Target, Cash Burn Raise Concerns

Rivian R1T electric pickup trucks on the assembly line

Rivian Automotive Inc. tumbled the most in nine months after the electric vehicle maker’s production plans for this year fell short of Wall Street’s expectations.

Ed Ludlow and Sean O'Kane | Bloomberg News
March 1, 2023

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