category

Earnings Report

Apple forecasts revenue above estimates, shares sail to record

Apple Inc forecast current-quarter revenue largely above Wall Street estimates on Tuesday, helping to allay investor concerns about a possible delay in the launch of the iPhone's 10th-anniversary edition later this year, and sending its shares to an all-time high.

How major US stock market indexes fared on Tuesday

Banks and technology companies took U.S. stocks higher Tuesday, and less-loved sectors including phone and real estate companies also climbed as companies continued to report strong second-quarter results.

Under Armour cuts forecast, to restructure operations

Sportswear maker Under Armour Inc cut its full-year sales forecast due to weak demand for its products in North America, and launched a restructuring plan that involves closing facilities and leases as well as job cuts.

Xerox posts 2Q profit

Xerox Corp. (XRX) on Tuesday reported second-quarter profit of $166 million.