Third Quarter | featured news

Best Buy reports 3rd-quarter loss

Best Buy

Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.


U.S. Wholesale Inventories Beats Expectations

Inventories at U.S. wholesalers rise at the fastest pace this year in September, adding to evidence that 3Q growth may have been stronger than initially thought.


J.C. Penney reports hefty 3Q loss

J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.


Trade gap narrows to smallest since 2010

The U.S. trade deficit narrowed in September as exports increased, suggesting the economy expanded more than previously believed in the third quarter.


Wendy's loss widens amid turnaround push

Wendy's says its net loss widened in the third quarter as it paid off debt, but noted that a key sales figure rose. The company, which is in the midst of a turnaround push, says revenue at restaurants open at least 15 months rose 2.7 percent, marking the sixth straight quarter of growth.


Kraft's profit rises as new products drive sales

Kraft Foods' net income rose 13 percent in the third quarter, the food maker said Wednesday, as new products and increased advertising helped it top Wall Street expectations.


U.S. consumers boost growth despite business caution

Consumer Spending

U.S. economic growth picked up in the third quarter as a late burst in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.


Comcast 3Q profit, sales top Street on upbeat subs

Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics.


NY Times misses third-quarter revenue expectations, stock tumbles

New York Times

(Reuters) - The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent.


Facebook reports better than expected earnings

Facebook reported better than expected third quarter earnings Tuesday, giving investors hope that the company might find positive momentum. In after hours trading, Facebook stock is up 67 cents, or 3.4%, to $20.16.


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