Wednesday, 31 October 2018

Kellogg on pace for worst trading day in 20 years company as slashes 2018 outlook

Shares of Kellogg are on pace for their worst day in two decades after the company slashed its full-year profit and earnings outlook on Wednesday.

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Yum Brands shares jump as $1 nacho fries, pickle fried chicken draw more diners to Taco Bell and KFC

Sales at KFC and Taco Bell in the third quarter were fueled by new menu items, strong performances in international markets and a delivery deal with Grubhub and more than made up for continued weakness at Pizza Hut.

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General Motors reports earnings before the bell — here's what to expect

All of the automakers have been reporting higher material costs and other increased expenses stemming from the trade war, particularly between the United States and China.

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EA holiday-quarter revenue forecast misses estimates on 'Battlefield V' delay

Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher's delayed launch of its popular "Battlefield V" game hurt the company in an already crowded holiday-season game slate.

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Tuesday, 30 October 2018

Facebook beats on earnings, but misses estimates on revenue and daily active users

While Facebook had a strong beat on earnings, it failed to reach analysts' estimates on revenue, daily active users and monthly active users. However, revenue growth was not down as much the company warned about during its last earnings report. 

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Mastercard profit jumps 33 percent

Mastercard's third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa in reporting higher earnings led by rising U.S. consumer spending.

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Sony forecasts big jump to record annual profit on winning gaming strategy

Japan's Sony boosted its annual profit outlook by 30 percent to a record level after a strong second-quarter, propelled by popular game titles like "Marvel's Spider-Man.

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Tapestry tops sales estimates as Coach handbags draw shoppers

Tapestry topped Wall Street estimates for third-quarter sales on Tuesday, helped by stronger demand for Coach and Kate Spade handbags.

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Pfizer posts mixed third-quarter results, narrows full-year forecast

Pfizer beat Wall Street analysts' third-quarter earnings expectations but fell short on revenue and narrowed its full-year forecast.

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Under Armour quarterly earnings top expectations, shares jump

Shares of the company climbed more than 3 percent in premarket trading on the news.

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Coca-Cola reports earnings before the bell. Here's what to expect

Coca-Cola Co. is scheduled to report third-quarter earnings before the market opens Tuesday as the soda company expands beyond its core soft-drink business and eyes the burgeoning cannabis market for possible future growth.

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General Electric slashes quarterly dividend to a penny a share, starting 2019

GE reported third-quarter earnings 6 cents below Wall Street forecasts, as well as lower than expected revenue of $29.57 billion.

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Thursday, 25 October 2018

Amazon says AWS revenue jumped 46 percent in third quarter

Amazon cloud business grew 46 percent in the third quarter. Growth was down sequentially from the 49 percent growth one quarter ago.

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Chipotle shares drop as company misses same-store sales estimate

Chipotle Mexican Grill reported third-quarter earnings the beat expectations after the closing bell Thursday, but missed on same-store sales.

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Snap pops on narrower than expected loss

Wall Street will be keeping a close eye on active user numbers for Snap's namesake photo-sharing app, Snapchat, as global social media use plateaus.

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Intel soars on big earnings beat

Investors are anxious to hear if there's any growth coming out of new markets and receive an update on the chipmaker's hunt for a new CEO.

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Amazon drops on revenue miss

Amazon's third-quarter earnings beat street estimates, but its revenue and fourth-quarter outlook fell short of expectations, dropping its stock roughly 6 percent in after-hour trading.

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Alphabet stock sinks on revenue miss

In its Q3 earnings, Alphabet missed revenue expectations but beat on the bottom line.

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Ford shares jump more than 4 percent on strong earnings and more details of its turnaround plans

Ford CEO Jim Hackett said on a conference call the automaker will begin sharing more information on the plans to redesign the company

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Southwest shares tumble 7 percent after warning that higher costs are coming

Southwest Airlines shares tumbled in premarket trading after the airline warned investors that its costs are rising in the fourth quarter.

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Dunkin' Brands tops third-quarter estimates for profit, sales

Dunkin' Brands beat estimates for profit and sales on Thursday, selling more breakfast sandwiches and beverages in the third quarter as it prepares to rebrand its flagship chain to underscore its focus on coffee.

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Tesla shares pop 10% after blowout earnings suggest it may be a 'sustainable self-funded entity'

Results suggest the third quarter was Tesla's strongest by virtually ever metric.

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Here's what every major analyst had to say about Tesla's earnings: 'This quarter was different'

Wall Street analysts raised price targets on Tesla, with many sounding more positive on Musk's ambitious company. 

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Amazon looms as a specter over Alphabet earnings

As Alphabet prepares to Q3 earnings on Thursday, the looming threat of Amazon has spoked investors. 

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American Airlines' third-quarter profit plunges 48% as fuel costs sting

American's net income for the three months ended Sept. 30 came in at $341 million, on revenues of $11.56 billion. The airline said its fuel bill in the third quarter rose 42 percent from a year ago.

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Drugmaker Merck beats profit estimate on Keytruda strength

Merck reported a bigger-than-expected third-quarter profit on Thursday, driven by higher demand for its blockbuster cancer immunotherapy Keytruda, and the U.S. drugmaker announced a $10 billion share buyback.

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Amazon is expected to report its fourth straight quarter of over $1 billion in profits

Amazon reports its third-quarter earnings on Thursday after the bell.

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Twitter to report earnings before the bell — here's what the Street expects

Twitter is slated to report its third-quarter earnings before the bell on Thursday, amidst ongoing debates on the role of companies should play in moderating their users' behavior.

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Comcast beats on top and bottom lines

Comcast is shifting focus to high-speed internet and filmmaking as cord-cutting weighs on its cable division.

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AMD plummets after giving weak fourth-quarter revenue guidance

AMD is projecting fourth-quarter revenue of $1.45 billion, below consensus estimates of $1.6 billion and essentially flat from the fourth quarter of 2017.

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Visa tops profit estimates as consumer spending grows

The world's largest payments network benefited from higher credit- and debit-card spending in a strengthening U.S. economy.

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Microsoft rises on earnings beat, but Azure growth slows

Microsoft's Azure cloud revenue growth slipped to 76 percent in the fiscal first quarter. But overall revenue and earnings were above expectations, sending shares higher after hours.

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Ford shares jump after strong truck sales help third-quarter results beat expectations

The automaker faces challenges from rising materials costs and a struggling international business. But it continues to benefit from a shift toward trucks and sport utility vehicles in North America.

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Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations

Tesla shares jumped by more than 12 percent as CEO Elon Musk made good on his promise to start turning regular profits in the last half of the year and revenue surges 70 percent to $6.8 billion.

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Wednesday, 24 October 2018

Tariffs are dominating earnings calls with more than a third of companies discussing the fallout

More than one-third of S&P 500 companies that have already reported earnings this season have explicitly discussed President Trump's use of taxes on imported goods.

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Boeing earnings: $3.58 a share, vs $3.47 EPS expected

Boeing expected to report third-quarter earnings before the bell Wednesday.

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UPS quarterly profit rises 20%

UPS reported a 20 percent rise in quarterly profit as the company's tax bill nearly halved and it benefited from a boom in online shopping.

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AT&T posts a surprise gain in US phone subscribers

AT&T on Wednesday reported a surprise gain in U.S. net wireless subscribers who pay a monthly bill, as it began to bundle media content from Time Warner into new wireless plans.

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Tuesday, 23 October 2018

Bespoke: One-day declines in shares of companies reporting earnings tracks as the worst in 7 years

Earnings overall this quarter so far have been "horrible," according to Bespoke Investment Group.

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Higher home prices drive Pulte's third-quarter profit beat

The homebuilder was able to sell more homes at higher prices in a housing market that it admitted is slowing in the face of rising interest rates.

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United Technologies beats profit estimates on airplane boom; lifts forecast

United Technologies reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus.

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Lockheed Martin raises 2018 forecast on strong quarterly earnings



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Caterpillar shares dive 5% after disappointing forecast

Shares of Caterpillar dropped 5 percent even after it reported record third-quarter profit as well as revenue that beat analysts' expectations on Tuesday.

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McDonald's to report third quarter earnings before the bell: Here's what to expect

McDonald's is expected to post earnings of $1.99 per share on $5.32 billion in revenue, according to a survey by Refinitiv.

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Verizon beats phone subscriber estimates

Verizon beat Wall Street estimates for net new phone subscribers who pay a monthly bill, helped by promotions for Apple's new iPhone.

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Harley's third-quarter earnings beat Wall Street estimates on lower expenses and international sales

Harley's stock has fallen by almost 24 percent so far this year, closing at $38.73 a share Monday. It's struggled to gain traction with younger riders and even Baby Boomers are starting to trade in its traditional "hogs" for lighter motor bikes.

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Monday, 22 October 2018

Halliburton third-quarter profit edges past estimates

Halliburton's third-quarter profit edged past analysts' estimates on Monday, as tight pipeline capacity in the top Permian basin led to fewer well completions.

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Hasbro's revenue misses estimates as Toys 'R' Us impact lingers

Hasbro reported quarterly revenue below Wall Street expectations on Monday, blaming the bankruptcy of long-term customer Toys 'R' Us.

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Philips earnings fall short of analyst expectations amid currency headwinds

Dutch health care technology company Philips reported weaker-than-expected third-quarter net income on Monday, citing subdued growth in key markets and foreign currency headwinds.

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Honeywell says China growth is slowing, and tariffs are expected to squeeze margins

Honeywell reported a better-than-expected quarterly profit on Friday, driven by strong sales in its aerospace and warehouse automation businesses.

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Friday, 19 October 2018

Here's everything you need to know about Procter & Gamble earnings

The maker of everyday household goods like Tide laundry detergent, Pantene hair products, Crest toothpaste, and Charmin toilet paper has been defending its market share against heightened competition from private-label brands and upstart companies.

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Thursday, 18 October 2018

American Express is set to report third quarter earnings after the closing bell

American Express reports third quarter results as analysts look for revenue growth from increased card member spending.

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PayPal slated to report third-quarter earnings after the bell

Analysts are expecting earnings of 54 cents per share and revenue of $3.66 billion, according to Refinitiv forecasts. 

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Textron profit misses on lower aircraft sales

Cessna business jet maker Textron reported a lower-than-expected quarterly profit on Thursday.

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Alcoa's profit beat fueled by rising alumina prices, shares rise

Alcoa reported a better-than-expected quarterly profit, as a series of supply hits boosted alumina prices.

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Sealed Air falls 6% after previewing disappointing earnings, slashing profit outlook

CEO Ted Doheny said in a statement that higher raw material and freight costs, along with foreign exchange pressures, impacted profitability.

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Winnebago CEO: RV demand is healthy, but rate hikes and tariffs could add pressure

RV manufacturer Winnebago reported better-than-expected Q4 earnings, despite a year downturn. The company's CFO said that aluminum and steel prices are squeezing margins. Winnebago has had to increase prices to offset some of the cost.

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Wednesday, 17 October 2018

IBM slides at the open after revenue miss

The company's overall revenue for its third quarter was down 2 percent year over year.

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United Airlines' shares surge as strong travel demand offsets higher fuel prices

United shares surged Wednesday after the third-largest U.S. carrier raised its profit outlook for the year on higher fuel costs. 

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US Bancorp profit beats on higher interest income, loan growth

Regional lender U.S. Bancorp reported a 17 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes.

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Netflix surges 11% in premarket trade amid a slew of price target increases

Netflix shares soared in premarket trade Wednesday as Wall Street gushed about its third-quarter earnings beat.

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Railroad operator CSX's quarterly profit tops Wall Street target

CSX on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast.

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United Airlines shares rise after 30 percent profit jump and rosier outlook despite higher fuel bill

United's net income during the third quarter, which included the peak summer travel season, surged 29.6 percent from a year ago on strong travel demand and higher airfares.

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IBM falls after revenue misses

IBM again saw declining revenue, following a three-quarter run of growth.

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Netflix surges after crushing earnings

The company is projecting it will add 9.4 million net subscribers during the fourth quarter.

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Netflix is rocketing higher in extended trading after clearing one of its biggest hurdles

Netflix is in rally mode after overcoming one of its biggest hurdles, says Gina Sanchez of Chantico Global. 

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Tuesday, 16 October 2018

Domino's shares plummet 6% on mixed results

Shares of Domino's plummeted 6 percent in premarket trading Tuesday after the company posted better-than-expect third-quarter earnings, but fell short of revenue expectations. 

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Walmart shares drop 2% as Flipkart deal prompts cut in earnings forecast

Walmart lowered its fiscal year 2019 forecast for earnings per share, the company announced on Tuesday prior to its annual investors meeting.

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UnitedHealth shares rise after posting a 28% rise in third-quarter profit

UnitedHealth, the largest U.S. health insurer, reported better-than-expected third-quarter earnings and revenue on Tuesday.

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Johnson & Johnson tops third-quarter earnings, revenue estimates

Pharmaceuticals have been fueling J&J's growth while its consumer and medical device businesses have lagged. 

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Goldman Sachs is set to report third-quarter earnings — here's what the Street expects

Chief Executive Officer David Solomon officially took control of the bank on Oct. 1. His main challenge is to make good on a plan to boost revenue by $5 billion. 

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Morgan Stanley is slated to report earnings before the bell — here's what the Street Expects

While Morgan Stanley is expected to report 10 percent year-over-year earnings per share growth, analysts are scrutinizing the bank's trading revenues.

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BlackRock is set to report third-quarter earnings — here's what the Street expects

BlackRock, the largest asset manager in the world, is set to release its results for the third quarter later on Tuesday.

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Monday, 15 October 2018

Bank of America earnings' jump, topping Wall Street estimates, as consumer credit improves

Chief Executive Officer Brian Moynihan, 59, has focused on cutting costs while looking for profit opportunities that fit his "responsible growth" mantra. 

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Friday, 12 October 2018

PNC Financial hit by cost rise as profit jumps

U.S. regional bank PNC Financial Services beat analysts' estimates for quarterly profit on Friday.

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Citigroup shares rise more than 2% after company reports better-than-expected earnings

Citigroup reported better-than-expected earnings for the third quarter on Friday as the company's bottom line received a boost from lower corporate taxes.

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Wells Fargo shares rise after revenue tops expectations amid bank revamp

The San Francisco bank is planning big staff cuts as part of an ongoing turnaround effort.

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JP Morgan shares bounce after bank reports better-than-expected earnings, revenue

The company is closely watched by investors looking for clues into how the industry's Wall Street and Main Street businesses fared in the quarter.

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Thursday, 11 October 2018

Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears

The Starwood Capital CEO says there are a number of negative factors contributing to his unease about the state of U.S. economy.

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US jobless claims rise unexpectedly as filings for the Carolinas were affected by Hurricane Florence

First-time claims for state unemployment claims were expected to total 206,000, down 1,000 from the previous week's claims.

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US inflation slows in September on rental costs, energy

U.S. Consumer Price Index was expected to rise 0.2 percent in September, in line with the previous month's increase.

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Delta's third-quarter earnings top Wall Street's expectations

Delta reported third-quarter profits amid strong demand and a surge in fuel costs.

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Walgreens Boots Alliance posts mixed fourth-quarter earnings results

Walgreens Boots Alliance reported quarterly earnings that topped analysts' expectations and revenue that fell slightly short.

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Monday, 8 October 2018

Rising yields could be a big problem for booming corporate profits

When third-quarter earnings season starts in earnest later this week, companies by and large will report that the present is all bright and rosy. The future? That could be another story.

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Tuesday, 2 October 2018

PepsiCo's Nooyi delivers 16 percent surge in profit and earnings beat on last day as CEO

Pepsi caps Indra Nooyi's last day as CEO by reporting earnings before the bell.

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