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Deere lifts 2026 profit view as AI construction boom lifts quarterly income

Deere lifts 2026 profit view as AI construction boom lifts quarterly income

By Nandan Mandayam Aug 20 (Reuters) - Deere, the world's largest farm equipment manufacturer, raised its full-year net income forecast on Thursday and posted its first rise in quarterly profit in three years amid an AI-driven construction boom and tariff refunds.

Walmart reports rare sales miss as consumers cut spending, shares fall

Walmart reports rare sales miss as consumers cut spending, shares fall

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed quarterly comparable sales expectations for the first time in at least five years on Thursday as shoppers pulled back on spending in the face of rising gas prices, sending its shares down 6% in premarket trading.

Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand

Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand

Aug 19 (Reuters) - Analog Devices forecast fourth-quarter revenue and profit above Wall Street estimates on Wednesday, betting on continued demand for its power-management chips used across data centers and industrial applications as AI investments ramp up.

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed Wall Street expectations for quarterly comparable sales on Thursday as shoppers pulled back on spending in the face of rising gas prices, sending its shares down 6% in premarket trading.

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

Alibaba's quarterly revenue up 9%, misses adjusted profit due to heavy AI spend

By Harshita Mary Varghese and Laurie Chen Aug 20 (Reuters) - China's Alibaba reported a 9% rise in quarterly revenue on Thursday, as strong AI demand fueled growth in its cloud business, but missed estimates for adjusted profit due to heavy capital expenditure.

TJ Maxx, Marshalls 'self-inflicted' slowdown clouds TJX earnings beat

TJ Maxx, Marshalls 'self-inflicted' slowdown clouds TJX earnings beat

By Sanskriti Shekhar and Danielle Kaye Aug 19 (Reuters) - TJX Companies on Wednesday reported a slowdown at its TJ Maxx and Marshalls discount apparel chains in the second quarter, overshadowing strong growth in its home goods business and fueling concerns about a pullback in U.S. consumer spending.

Target lifts annual forecasts again as Fiddelke's turnaround takes root (August 19)

Target lifts annual forecasts again as Fiddelke's turnaround takes root (August 19)

(Corrects spelling of Fiddelke in paragraph 7) By Juveria Tabassum and Nicholas P.

TJ Maxx, Marshalls slowdown shadows TJX earnings beat as spending tapers

TJ Maxx, Marshalls slowdown shadows TJX earnings beat as spending tapers

By Sanskriti Shekhar and Danielle Kaye Aug 19 (Reuters) - TJX Companies on Wednesday reported a slowdown at its TJ Maxx and Marshalls discount apparel chains in the second quarter, overshadowing strong growth in its home goods business and fueling concerns about a pullback in U.S. consumer spending.

Wall St set for lower open as bond yields climb; Walmart falls

Wall St set for lower open as bond yields climb; Walmart falls

By Avinash P and Purvi Agarwal Aug 20 (Reuters) - The main U.S. indexes were on track to open lower on Thursday as a rebound in government bond yields hurt sentiment, while retail bellwether Walmart's rare sales miss disappointed investors.

Coty sees weak quarterly profit, withholds annual forecasts in 'transition year'

Coty sees weak quarterly profit, withholds annual forecasts in 'transition year'

By Neil J Kanatt Aug 19 (Reuters) - Coty on Wednesday forecast current-quarter earnings below expectations and withheld its annual outlook, calling fiscal 2027 a "transition year" as it pushes ahead with a business overhaul.

Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.

Home Depot beats quarterly sales estimates on steady repair demand

Home Depot beats quarterly sales estimates on steady repair demand

Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S. housing market.