The past few years have been tough times for retailer Sears Holding (SHLD). The company has been steadily losing customers to rivals Target (TGT) and Wal-Mart (WMT), and today announced that following a dismal holiday season, it has decided to close between 100 and 120 of its Sears and K-Mart stores. Critics of the company blame its recent weakness to the company not having invested in remodeling its stores and to ...

Shares of tech giant Netflix (NFLX) are tumbling in premarket trading this morning after the company reported last night that it lost a massive 800,000 subscribers last period, due to price changes and a decision to split its streaming and DVD rental business. Netflix reported its third quarter results last night, which were actually above analyst estimates, but shares are tradign down over 35% in premarket trading as investors react to ...

Before this afternoon, Apple Inc (AAPL) had reported better than expected earnings for 29 straight quarters, but it was unable to continue that trend when it reported a weaker than expected fourth quarter earnings report, sending shares sharply lower in after hours trading. Going into this afternoon's earnings report, Apple was expected to report earnings of $7.38 per share, but actual earnings came in well below what analysts were expecting to ...

Aluminum maker Alcoa (AA) kicked off the earnings season this afternoon, posting disappointing third quarter results. Going into this afternoon's earnings report, analysts had been expecting to see Alcoa post earnings of $0.22 per share, but were disappointed to see earnings come in under expectations at $0.15 per share. Despite missing its earnings estimate, the company was able to post better than expected revenues for the quarter of $6.4 billion, above the ...

The market is set for a lower open this morning following weaker than expected first quarter revenues from bellwether stock Alcoa (AA). Going into last night's first quarter earnings report, analysts had been expecting to see Alcoa report earnings of $0.27 per share, on revenues of $6.3 billion. Alcoa kicked off the earnings season by posting better than expected earnings of $0.28 per share, but revenues disappointed at just $6 billion. The company ...

Southwest Airlines (LUV) announced that it had canceled 70 flights today as inspectors found cracks in three more of the company's jets. The cancellations come after a flight was forced to make an emergency landing on Friday after a 5 foot long hole ripped open the passenger roof of a Southwest plane flying from Phoenix to Sacramento. Luckily, no one was hurt in Friday's incidents, but Southwest grounded 70 other jets and ...

Shares of auto retailer CarMax (KMX) are trading sharply lower today following this morning's fourth quarter earnings report. As we noted yesterday in our CarMax earnings preview, analysts were expecting to see the company post fourth quarter earnings this morning of $0.38 per share. Earnings were higher than expected, at $).39 per share, marking the 9th straight quarter of analyst beating earnings for the company. During the same period last year CarMax ...

Shares of Apollo Group (APOL) are off sharply in premarket trading after the company reported that it had swung to a loss during its fiscal second quarter. Going into this morning's earnings report, analysts had been expecting to see Apollo Group report earnings of $0.69 for its fiscal second quarter. Adjusted earnings were higher than estimates at $0.84 per share, but actual results showed a loss of $0.45 per share. The primary ...

The markets are trading in the red today, being pulled down by investor concern over the most recent data regarding the housing market. According to the Commerce Department this morning, September sales of new homes dropped by 3.6%. September's annual rate was 402,000 units, which was below the expected 440,000 annual units. The average price for a new home was also lower, falling 9.1 percent on a year-over-year basis to $204,800. On ...

The market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears. The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%. General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to ...