Best Buy Tops 4Q Wall Street Profit ForecastsBest Buy Co. (BBY) on Thursday reported fiscal fourth-quarter profit of $479 million. The Richfield, Minnesota-based company said it had profit of $1.40 per share. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.
General Mills 2Q Meet Wall Street ExpectationsGeneral Mills Inc. on Thursday reported fiscal second-quarter earnings of $529.5 million. The Minneapolis-based company said it had profit of 87 cents per share. Earnings, adjusted for non-recurring gains, came to 82 cents per share.
Medtronic 2nd Quarter Profits Fall Short, But Top Wall Street ExpectationsMedical device maker Medtronic Inc. on Thursday reported a drop in fiscal second-quarter profit on higher costs, but the results topped Wall Street expectations. The company narrowed its profit outlook for the year.
Best Buy Says 3Q Sales Were DisappointingBest Buy shares plunged Thursday after reporting disappointing quarterly sales and a cautious outlook for the key holiday shopping season as it faces price pressures and tougher competition from online stores. The electronics retailer said it expects "near flat" revenue in the fourth quarter — which includes key holiday shopping.
St. Jude Meets 3Q Profit ForecastsSt. Jude Medical Inc. (STJ) on Wednesday reported third-quarter net income of $215 million. On a per-share basis, the St. Paul, Minnesota-based company said it had profit of 75 cents. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.
U.S. Bancorp Meets Expectations, Reports $1.5B 3Q ProfitU.S. Bancorp (USB) on Thursday reported third-quarter profit of $1.49 billion. The bank, based in Minneapolis, said it had earnings of 81 cents per share.
UnitedHealth Group 3Q Profit Slips, But Above ExpectationsUnitedHealth Group's third-quarter profit slipped, but the nation's largest health insurer still beat Wall Street expectations due in part to prescription drug management and its other fast-growing businesses.
Target Beating Wal-Mart In Race For TurnaroundTarget is reporting a 52 percent increase in its first-quarter profit on solid sales of fashion and baby items, offering evidence that its efforts to spruce up its merchandise are paying off. The retailer, based in Minneapolis, also boosted the top end of its annual profit outlook.
UnitedHealth Stock Growth Yields Potential Windfall For CEOUnitedHealth CEO Stephen Hemsley realized a potential gain of more than $45 million from exercising stock options last year, as the share price of the nation's largest health insurer topped $100 on the way to setting all-time highs. The 62-year-old executive exercised options to buy 850,000 shares of stock at the end of 2014 at discounts of as much as 56 percent to UnitedHealth's share price of $102.24 when he exercised the options.
Delta To Share $1.1B Of 2014 Profits With EmployeesDelta Air Lines is showing a lot of love to its employees this Valentine's Day weekend. The airline made a big profit in 2014 and employees are getting to share in some of it. The company reported earnings of nearly $3 billion last year. As a result, it will pay out an industry record $1.1 billion to its employees.
3M Tops Net Income Rises 7 Percent As Sales Jump Broadly3M Co. on Tuesday reported fourth-quarter profit of $1.18 billion. The St. Paul, Minnesota-based company said it had profit of $1.81 per share.
Best Buy Reports Surprise Sales Gain In 3QBest Buy says its revenue edged up in the third quarter, a positive sign for the electronics retailer as the holiday season kicks off.
Talking Points: Medtronic's Overseas Acquisition & TaxesNews last week that Medtronic is buying an Irish firm and moving its headquarters to that country is prompting debate here in Minnesota and across the country. Medtronic says it needs to make the move so that millions of dollars of overseas profits can be taxed at a lower rate. That has members of Congress asking if it’s time to either change the tax code or make it harder for companies to make this kind of a move.
Target 1Q Profit Falls 16 Percent As Breach Takes TollTarget cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.
UnitedHealth's 1Q Profit Tumbles 8 PercentUnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance. The Minnetonka company said the overhaul and government budget cuts added about 35 cents per share in costs during the quarter.