earnings guidance

Wall Street Watch Thursday: Hewlett-Packard Drops the Box

No one was expecting good news out of Hewlett-Packard's analyst day on Wednesday, but few imagined the leading PC maker would dramatically slash its near-term guidance. CEO Meg Whitman stunned investors, forecasting profitability to drop in the fiscal year that begins next month.

Why Nokia Is Worse Off Than Its Smartphone Rivals

Nokia shareholders got doused with cold water Wednesday when the the struggling handset maker lowered its second-quarter earnings guidance. The revised guidance was based on weakness in sales of its high-end smartphones, and the news sent its shares plummeting nearly 11%.

Healthier Retail Sales, but Will It Last?

Many retailers have raised guidance for their upcoming first-quarter earnings reports and saw modest gains in April sales. But stores warn that May could be a weak month due to a late Memorial Day this year. And concerns remain over the health of consumer demand.