Home / Author Archives: Market Watch (page 1443)

Author Archives: Market Watch

Campbell Soup beats on earnings, but sales miss

Campbell Soup Co. shares rose 0.8% in Friday premarket trading, after the company reported an earnings beat and raised its adjusted earnings per share outlook. The food company said it had net income of $185 million, or 59 cents per share, up from $179 million, or 57 cents per share. Adjusted earnings were 65 cents per share, beating the FactSet EPS consensus of...

Read More »

Saudi Arabia talking to banks about international bond sale: report

Saudi Arabian officials are talking with banks about issuing what would be the country's first international bond sale, according to a Financial Times report Thursday, which cited people familiar with the matter. The plan to raise debt comes as the country has been using foreign exchange reserves for domestic spending in the wake of collapsing oil prices. Saudi Arabia...

Read More »

Cato to raise dividend by 10%

Cato Corp. said Friday it will raise its quarterly dividend by 10% to 33 cents a share. The new dividend will be payable June 20 to shareholders of record on June 6. At Thursday's closing price of $36.50 for the discount apparel retailer's stock, the new annualized dividend of $1.32 a share would represent a dividend yield of 3.62...

Read More »

Foot Locker profit matches expectations, but sales fall shy

Foot Locker Inc. reported Friday fiscal first-quarter earnings that rose to $191 million, or $1.39 a share, from $184 million, or $1.29 a share, in the same period a year ago. That matched the FactSet consensus for earnings per share of $1.39. Sales increased to $1.99 billion from $1.92 billion, just shy of the FactSet consensus...

Read More »

Ladbroke shares jump after CMA outlines merger findings

Bookmakers Ladbrokes PLC and Gala Coral Group Ltd. may have to sell around 350 to 400 betting shops for their merger to be conditionally approved, the U.K. Competition and Markets Authority said in a statement Friday. The regulator said its investigation had found "659 local areas where it provisionally found that the merger may be expected ...

Read More »