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Toll Brothers gives disappointing guidance; CEO blames media for housing slowdown

Toll Brothers gave weaker-than-expected guidance on Tuesday for the first quarter, pointing to reports about a souring housing market as the cause of the slowdown. “In November, we saw the market soften further, which we attribute to the…

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Dollar General cuts full-year forecast on higher costs, shares fall

Dollar General on Tuesday lowered its full-year profit and sales forecast, hit by higher costs related to hurricanes in the third-quarter and higher freight costs, sending its shares down 6 percent before the bell. “As a result of…

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Toll Brothers profit surges 62%

U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth…

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Tiffany’s stock plunges as weaker Chinese tourism puts a dent in sales

Tiffany’s stock sank 9.6 percent Wednesday after the jeweler released disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong. The luxury retailer’s earnings were in line with estimates, but…

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Cloud storage firm Box reports smaller-than-expected loss, shares rise

Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts’ estimates. The company’s shares, which have fallen about 14 percent this year, rose 5 percent in extended…

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Salesforce has never been stronger or in a better position than it is now, CEO says after earnings

Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger…

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Deere profit soars despite doubts on Wall Street

A boost in construction equipment sales drove profit higher for Deere in the fourth quarter, but the results fell short of Wall Street expectations and pulled on shares before the opening bell Wednesday. The maker of agricultural and…

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Gap’s comparable sales miss as its namesake brand struggles

Gap reported quarterly same-store sales below analysts’ estimates on Tuesday, dragged down by another weak performance in its namesake brand, indicating that the apparel retailer needs to double down on efforts to reduce excess inventory and to revive…

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L Brands falls after cutting annual dividend in half

L Brands shares fell 4 percent postmarket Monday after the company said it would slash its annual dividend in half to $1.20. The company, known for its brands Victoria’s Secret and Bath & Body Works, beat profit expectations….

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Target shares tumble 9% as earnings miss mark, weighed down by higher costs

Target delivered mixed earnings results for the third quarter on Tuesday, generating more revenue than expected but falling short on earnings as the company spent more on its same-day delivery service and raised wages. Despite the earnings miss,…

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