Earnings Report

Atlantic City's seven casinos all remained profitable during the first quarter of this year, but those profits are shrinking even as two competitors prepare to join the market.

Tax reform has propelled U.S. companies’ earnings growth.

The Framingham, Massachusetts-based company's net sales rose to $8.69 billion from $7.78 billion.

Kohl's Corp. (KSS) on Tuesday reported fiscal first-quarter earnings of $75 million.

Sales at Kohl's stores open for at least 12 months climbed 3.6 percent, compared with the 2.7 percent increase expected by analysts on average.

Commerce Secretary Wilbur Ross said the levies were insignificant.

Campbell Soup tops quarterly earnings expectations

Deere & Co. (DE) on Friday reported fiscal second-quarter profit of $1.21 billion.

Campbell Soup Co. (CPB) on Friday reported a fiscal third-quarter loss of $393 million, after reporting a profit in the same period a year earlier.

Equipment sales rose 34%.

Walmart is reporting better-than-expected profit and revenue for the first quarter with rising e-commerce sales.

Nordstrom is reporting better-than-expected results for the first quarter.

J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.

J.C. Penney is the second retailer after Home Depot Inc to blame the prolonged cold weather for a drop in same-store sales.

Walmart tops first-quarter expectations

Danish shipping group A.P. Moller-Maersk says its first-quarter revenue increased by 30 percent to $9.3 billion, but also noted increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange.

Home Depot is reporting strong first-quarter profits, though sales at comparable stores was weaker than most had expected, as was revenue.