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Target’s profit surges as consumers show growing eagerness to spend
Target's sales and profits surged in the first quarter as Americans turned out eager to spend.
T. Rowe announces strong quarter, plans for return to the office
T. Rowe Price announced another strong quarter to start 2021, with results signaling continued growth following a brief downturn at the start of the coronavirus pandemic. The company also announced plans for a return to in-person work, which will include a paced, voluntary return to the office followed by a full return in September for employees in North America and […]
T. Rowe grows assets under management, profit in Q4, 2019
T. Rowe Price Group Inc. rode bond and stock market surges to post strong fourth-quarter results, especially compared to 2018’s fourth quarter, where the markets performed much worse. The Baltimore-based money manager grew its assets under management and increased profits during the fourth quarter and for year, according to earnings released Wednesday. The quarter ended […]
Trump asks SEC to consider ending required quarterly reports
President Donald Trump says he's asking federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense.
Southwest Airlines says passengers are slow to return after Flight 1380 death
Southwest Airline's first passenger fatality is still costing the company money and expected to drag down sales well into the summer travel season.
Under Armour: Q1 loss can’t obscure ‘solid progress’
Under Armour announced a $29 million operating loss ahead of its first quarter earnings call on Tuesday.
Stromberg: T. Rowe’s strong quarter shows its ability to manage volatility
T. Rowe Price Group Inc. grew its assets under management during the first quarter despite a volatile stock market over the last several months.
T. Rowe’s Stromberg: Still hope for Trump’s goals after uncertain first 100 days
President Donald Trump has not had much of an effect on the financial markets so far, T. Rowe Price’s CEO said Tuesday. “I don’t think there’s been a lot of impact,” William J. Stromberg said after the Baltimore-based money manager released its first-quarter earnings report Tuesday morning. “I think it’s been harder to get some […]
McCormick holds steady in Q1 of 2017
McCormick & Co. Inc.’s sales increased 1 percent in the first quarter of its 2017 fiscal year compared to the same point last year, the company announced Tuesday. Sales for the Sparks-based spice giant grew 4 percent in constant currency, which accounts for global currency differences and fluctuations. Earnings for the quarter also rose slightly, up one […]
Under Armour wants to ‘get big fast’ but investors worried about slowdown
With Under Armour on track to finish the year as a nearly $5 billion company, the Baltimore sports brand wants, as CEO Kevin Plank put it, “get big fast.” And with the company’s sights set on expanding its retail market and having its footwear offerings over $100 make up more than half of that product […]
McCormick beats investor expectations with Q3 earnings
McCormick & Co. Inc. beat investor expectations in its third-quarter performance with $1.03 earnings per share, an $0.18 increase from the year-ago period, the company announced Friday. Sales also increased 3 percent in the quarter compared to the prior year. Gross profit margin for the Sparks-based spice giant was 41.6 percent, up from 29.8 percent […]
Under Armour gets mixed reviews ahead of Q1 earnings call
Under Armour will be going into its first-quarter earnings call on Thursday with mixed reviews from analysts. Following golfer and Under Armour athlete Jordan Spieth’s unsuccessful showing at the Masters last week, the Baltimore sports apparel brand’s stock declined by 5 percent, prompting Morgan Stanley to put out a note affirming the Baltimore-based company’s underweight […]
