Target Stands By Its Annual Outlook
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.
Eaton Q1 Profit Rises 19.7% as It Eyes Megaprojects
Profits at Eaton Corp. rose 19.7% in the first quarter of 2023 on sales growth that beat company expectations.
Forward Air Reports Revenue and Earnings Decline for Q1
Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
Paccar Q1 Earnings Soar as Truck, Parts Margins Jump
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.
Tesla Q1 Sales Climb, but Profit Falls on Price Cuts
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.
Albertsons Eyes Higher Wages, Tougher Consumer Backdrop
Albertsons Cos. is anticipating higher labor costs and “a more difficult consumer environment” in a new sign of caution from big U.S. retailers.
Rivian Slides as EV Production Target, Cash Burn Raise Concerns
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.
Target Tempers Strong Q4 With Cautious Forecast
Target Corp. turned in a strong fourth-quarter performance but offered a cautious financial forecast for this year as the retailer contends with shaky demand for discretionary goods.