Canada's BlackBerry reported an 18% rise in third-quarter revenue on Friday, helped by increase in demand for its cybersecurity software.
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Friday, 20 December 2019
Nike earnings beat, sales rise, as Jordan brand hits $1 billion
Nike on Thursday reported quarterly earnings and sales that beat analysts' expectations. Its stock had hit an all-time high earlier in the day.
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Thursday, 19 December 2019
Conagra Brands beats profit estimates on strong snack, frozen food demand
Conagra Brands topped Wall Street quarterly sales and profit estimates on Thursday, helped by strong demand for the Slim Jim maker's snacks and frozen foods, sending its shares up about 8%.
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Micron signals recovery in 2020, says received supply licenses for Huawei
Micron Technology said it expected a recovery in 2020 after a "cyclical bottom" in the second quarter, and that it had received all requested licenses to supply some products to its largest customer, Huawei Technologies.
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Wednesday, 18 December 2019
General Mills misses quarterly sales estimates
General Mills' quarterly sales missed Wall Street expectations on Wednesday, as the Cheerios maker was hit by lower demand for its snacks and yogurts in the United States.
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FedEx shares slide after missing earnings expectations, lowering 2020 guidance
FedEx shares sank during extended trading Tuesday after the shipping giant posted weaker-than-expected earnings in its fiscal second quarter.
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Tuesday, 17 December 2019
Eli Lilly sees higher-than-expected 2020, citing growing demand for its medicines
Eli Lilly on Tuesday forecast a higher-than-expected profit for 2020, citing growing demand for its medicines. Lilly has been banking on drugs such as Trulicity and Taltz as it faces competition from cheap generic versions of its older medicines.
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Friday, 13 December 2019
Costco quarterly revenue misses estimates on weak e-commerce growth
Costco Wholesale reported lower-than-expected quarterly revenue on Thursday, hit by a slowdown in the number of customers shopping on the warehouse club operator's website.
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Oracle stock drops as revenue falls short
Oracle beat estimates on earnings but revenue was up less than 1%, missing on the top line.
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Broadcom's full-year forecast fails to impress Wall Street, shares down
Broadcom's fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade.
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Adobe beats revenue, profit estimates for fourth quarter, shares rise
Adobe beat Wall Street estimates for fourth-quarter revenue and profit on Thursday on higher subscriptions in its core digital media business, which includes the flagship Creative Cloud suite of software.
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Thursday, 12 December 2019
Delta shares jump after the airline raises its 2020 earnings guidance
Delta CEO Ed Bastian points to the strong U.S. consumer as being behind a solid 2020.
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Lululemon earnings beat estimates, but shares fall on weaker-than-expected outlook
Lululemon on Wednesday reported quarterly earnings and sales that topped analysts' estimates, as more shoppers around the world picked up its yoga pants and sports bras.
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Wednesday, 11 December 2019
Chevron is writing down as much as $11 billion worth of assets, and it could cost the entire market
Chevron announced it's writing down as much as $11 billion worth of assets, which could impact earnings for the entire market.
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Home Depot forecasts 2020 sales growth below expectations
The company said last month that its One Home Depot strategy, which aims to improve the online and brick-and-mortar businesses, was not yet generating as much revenue as it had expected, prompting it to cut its 2019 sales forecast for the second time.
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GameStop shares plunge 20% as weak console demand prompts forecast cut
GameStop cut its full-year profit forecast as the video-game retailer struggles with customers delaying console purchases ahead of new launches and a shift to digital downloads of games.
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Chevron expects $10 billion to $11 billion charge in the fourth quarter; plans asset sales
U.S. oil major Chevron on Tuesday said it expects to write down the value of its assets $10 billion to $11 billion this quarter and is considering selling some natural gas projects to prepare for long-term low prices.
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Friday, 6 December 2019
Ulta Beauty profit beats on demand for high-margin cosmetics; shares rise 11%
Ulta Beauty beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer's shares up over 11% in extended trading.
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CrowdStrike rises after beating in its third-quarter results
The stock has been under pressure in recent months, as a result of a broader pullback in software stocks.
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Zoom shares slide as growth slows
Zoom's revenue grew 85% in the quarter as growth kept slowing sequentially.
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Thursday, 5 December 2019
Tiffany shares down after a big earnings miss
Tiffany earnings per share fell far short of analysts' expectations.
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Dollar General raises profit forecast after same-store sales beat expectations
Dollar General raised its full-year profit forecast on Thursday after reporting a better-than-expected quarterly same-store sales as it attracted more shoppers to its stores.
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RH third-quarter earnings top estimates, prompting company to raise 2019 outlook
RH, formerly Restoration Hardware, posted third-quarter earnings that topped analysts' estimates and raised its 2019 forecast.
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Slack's stock rises on quarterly results but outlook points to higher-than-expected losses
Slack's stock performance has disappointed investors since the company's public market debut in June, as Microsoft has stepped up its investment in the space.
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Wednesday, 4 December 2019
Campbell Soup cuts full-year sales forecast on European chips business sale
Campbell Soup Co on Wednesday lowered its sales forecast for fiscal 2020, hit by the sale of its European chips business, and reported quarterly sales below expectations.
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Workday third-quarter profit and revenue beat; shares rise
Workday beat Wall Street estimates for third-quarter profit and revenue, and raised its full-year forecast for sales in its biggest business.
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Salesforce's stock bounces around after revenue and profit beat
Salesforce is counting on big acquisitions to maintain its high rate of revenue growth.
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Wednesday, 27 November 2019
Intel chip shortage is pulling down PC makers' revenue expectations
As companies get ready to buy new PCs with Windows 10, some PC makers think they'll end up with less revenue than they had previously expected,
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Deere reports lower quarterly earnings
Deere on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers.
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Box raises full-year revenue forecast as demand for its services rises
Box raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition.
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Dell cuts full-year revenue forecast on PC chip shortage
Dell Technologies cut its full-year revenue forecast on Tuesday as its PC business grapples with a shortage of chips from Intel, sending its shares down nearly 5% in extended trading.
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HP rises on earnings beat
HP got back to sequential revenue growth in the quarter.
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Tuesday, 26 November 2019
Dollar Tree shares tank 13% after discount retailer cuts forecast, blaming tariffs
The discount retailer said tariffs slapped on Chinese goods will hit earnings by 6 cents in the fourth quarter.
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Abercrombie & Fitch misses same-store sales estimates
Abercrombie & Fitch fell short of quarterly same-store sales estimates on Tuesday, hit by sluggish demand for the teen apparel retailer's surfwear-themed Hollister clothing line.
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Dick's Sporting Goods shares surge on earnings beat, raised outlook
Dick's Sporting Goods on Tuesday reported its strongest same-store sales gains since 2013, as its e-commerce sales grew 13% during the latest quarter, and it sold more apparel and footwear.
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Best Buy shares surge after beating expectations and raising forecast
Best Buy reported third-quarter earnings on Tuesday that beat analysts' expectations ahead of the holiday season.
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Friday, 22 November 2019
Pure Storage's stock plunges, weak guidance is an ominous sign for tech infrastructure vendors
Pure Storage gave a lighter-than-expected sales forecast, sparking a plunge in the company's stock price.
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Gap shares rise on earnings, sales beat; retailer says making 'progress' on split
Gap Inc. had already warned earlier this month that it was anticipating dismal results. Total same-store sales dropped 4% during the quarter.
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Nordstrom shares jump after earnings beat estimates
Nordstrom shares jumped more than 10% after the retailer beat earnings estimates and matched revenue expectations.
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Thursday, 21 November 2019
Macy's shares fall on sales miss, retailer slashes outlook
Macy's reported its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls.
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Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits
L Brands turned in mixed third-quarter results Wednesday as declining sales at Victoria's Secret have continued to weigh on its performance.
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Wednesday, 20 November 2019
Target is about to report earnings. Here's what you need to know
Many analysts expect Target to head into the holiday season with the wind at its back.
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Lowe's earnings top estimates despite revenue shortfall, raises 2019 forcast
Lowe's is scheduled to report earnings on Wednesday before the bell after Home Depot reported a weak sales number on Tuesday.
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Tuesday, 19 November 2019
Kohl's shares tank on earnings miss, retailer cuts fiscal 2019 earnings outlook
"The quarter started off positive in August with another successful back-to-school season and ended strong in October," CEO Michelle Gass said.
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Medical device maker Medtronic's quarterly profit rises 22%
Medical device maker Medtronic reported a 22.3% jump in quarterly profit on Tuesday.
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Home Depot cuts 2019 forecast after sales miss, shares crater
Last quarter, Home Depot trimmed its full-year revenue outlook, partially due to potential tariff impacts.
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Tuesday, 12 November 2019
Tyson Foods misses quarterly sales estimates
The No.1 meat processor in the U.S. was hit by weakness in its beef business, its biggest segment, due to a drop in cattle processing capacity.
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DR Horton beats on profit, sees 2020 home sales above estimates
D.R. Horton beat Wall Street estimates for quarterly profit and forecast 2020 home sales above estimates on Tuesday, as the No. 1 U.S. homebuilder benefits from strong demand on the back of cheaper mortgage rates.
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Tencent Music's quarterly revenue beats on subscriber growth
China's Tencent Music Entertainment reported better-than-expected third-quarter revenue on Monday, as the streaming company added more paying users.
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Friday, 8 November 2019
Expedia, TripAdvisor fall more than 20% after blaming poor earnings on decrease in Google search results
Expedia and TripAdvisor stocks tanked following poor third-quarter earnings after the bell Wednesday.
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Dropbox stock pops, then fizzles on earnings beat
Dropbox revenue growth accelerated sequentially in the third quarter as the company seeks to improve the collaborative experience.
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Disney stock rises after beating on top and bottom lines
Disney's fiscal fourth-quarter earnings come just days before Disney+ is set to launch.
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Thursday, 7 November 2019
GoDaddy shares surge on its biggest-ever buyback plan
GoDaddy reported a 12% rise in quarterly revenue as the web hosting company earned more per user. Shares surged in premarket trading after announcing its biggest share buyback ever.
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Qualcomm stock spikes after licensing business propels earnings and revenue past estimates
Qualcomm said in its release the strong profit was primarily due to its licensing business, which will continue to benefit in the move to 5G.
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Roku shares tank despite revenue beat for the third quarter
The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter.
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Wednesday, 6 November 2019
Papa John's stock jumps after announcing executive reshuffle, revenue tops estimates
Papa John's stock jumped 5% after announcing an executive reshuffle and quarterly revenue that topped Wall Street's estimates.
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Altice USA misses estimates, cuts full-year sales forecast; shares slide
Altice USA missed expectations for third-quarter results on Tuesday due to weakness at its pay-TV division and the cable TV provider cut its full-year sales forecast, sending its shares down 10%.
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Humana raises 2019 profit forecast as Medicare Advantage unit flourishes
Humana reported third-quarter profit that beat Street estimates on higher sales of its government-backed Medicare Advantage health plans, and raised its full-year earnings forecast.
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CVS Health third-quarter profit rises 10% on Aetna sales
CVS Health reported third-quarter earnings that beat Wall Street's estimates as its Aetna insurance business helped boost the company's profit by 10%.
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Match stock slides 16% after disappointing guidance
The online dating services company gave fourth-quarter revenue guidance that was below analysts' expectations.
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Weight Watchers plunges 13% after posting mixed third-quarter earnings
Shares of Weight Watchers plunged 15% after the company posted mixed third-quarter results.
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Tuesday, 5 November 2019
Kate Spade owner Tapestry shares jump on mixed earnings report
The owner of the Kate Spade and Coach handbag brands on Tuesday reported quarterly earnings that beat Street estimates, but sales missed estimates due to weakness at Kate Spade.
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Connected fitness company Peloton reports earnings before the bell
Connected fitness company Peloton reports earnings Tuesday before the bell, the first time Peloton will report since making its public debut.
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Occidental to slash spending after swinging to a loss
Occidental Petroleum said it would slash spending on big projects by 40% next year.
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Shake Shack shares fall more than 13% as same-store sales growth disappoints
Shares of Shake Shack fell on Monday after reporting same-store sales below expectations.
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Uber CEO Dara Khosrowshahi predicts profitability by 2021
Uber continues to burn through cash, but CEO Dara Khosrowshahi said the company could become profitable by 2021.
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Uber stock falls after earnings beat estimates, but quarterly loss topped $1 billion
CEO Dara Khosrowshahi has said 2019 will be Uber's peak investment year.
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Monday, 4 November 2019
Under Armour is about to report earnings. Here's what to expect
Over the weekend, a report from The Wall Street Journal said Under Armour was facing a federal criminal investigation over accounting practices allegedly used to make its finances look healthier.
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Buffett's Berkshire Hathaway reports better-than-expected profit and a $128 billion cash pile
Berkshire benefited as resilience in consumer spending helped cause U.S. economic growth to slow less than expected.
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Friday, 1 November 2019
Chevron earnings drop 36%, more than expected
Chevron missed analyst estimates for both earnings and revenue as lower oil and natural gas prices offset an increase in production.
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Exxon Mobil earnings drop 49% in the third quarter on lower oil prices
The big earnings decline was actually slightly better than Wall Street expected.
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Pinterest stock plunges 20% on revenue miss and disappointing forecast
While still much smaller than Google and Facebook, Pinterest is picking up market share in online ads.
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Thursday, 31 October 2019
Dunkin' misses US same-store sales estimates but raises guidance
Comparable sales at Dunkin's U.S. stores grew 1.5% in the third-quarter ended Sept. 28, below the estimates of 1.7% rise, according to Refinitiv.
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Shell's third-quarter profits fall 15%, launches next phase of its share buyback program
Oil giant Royal Dutch Shell reported a 15% fall in third-quarter net profit on Thursday, citing lower energy prices and chemicals margins.
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Wednesday, 30 October 2019
Apple stock rises on earnings beat
Apple beat Wall Street's expectations on revenue and earnings, even as iPhone sales came in slightly lighter than expected.
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Lyft stock rises after earnings beat, raising guidance for year
Lyft beat on both the top and bottom lines for the third quarter.
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Starbucks' stock jumps on strong US and China sales growth
Starbucks' net sales rose 7% to $6.75 billion, topping expectations of $6.68 billion.
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Facebook stock rises on better-than-expected revenue and earnings
Facebook is facing pressure from regulators, but the social network is still growing its huge ad business.
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Taco Bell parent Yum posts earnings and revenue that miss expectations
KFC's parent company reported earnings before the bell Tuesday.
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Mattel shares spike after earnings beat, CFO to step down, whistleblower probe ends
Shares of Mattel jumped as much as 20% in extended trading Tuesday after the company posted better-than-expected earnings and announced it would be hiring a new chief financial officer in the wake of a whistleblower investigation.
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General Electric earnings beat on the top and bottom lines
General Electric on Wednesday reported earnings and revenue that topped analysts' expectations.
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Tuesday, 29 October 2019
Apple is about to disclose its first major hint at how well the iPhone 11 is selling
Apple's earnings on Wednesday will provide some early insight into how Apple's new iPhones are selling as investors watch Apple's forecast for its all-important holiday season.
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UAW strike cost GM about $3.8 billion for 2019, substantially higher than estimated
The 40-day strike lasted from Sept. 16 until Friday, when a majority of the union's 48,000 members approved a new four-year deal. It was the longest national walkout against the automaker since a 67-day strike in 1970.
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GM's third-quarter earnings beat estimates despite $1 billion strike cost
Analysts will be interested in finding out additional details about how a 40-day strike by the United Auto Workers impacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year.
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Mastercard earnings beat on top and bottom lines
Mastercard was up 1% in premarket trading after beating earnings expectations. Gross dollar volume came in at $1.7 trillion, up 14% from the year-earlier period.
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Pfizer beats profit estimates, raises 2019 earnings forecast
Pfizer posted a third-quarter profit well ahead of analysts' estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker's shares up 3%.
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Merck profit beats estimates as Keytruda sales surge
Merck reported a better-than-expected quarterly profit and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.
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Beyond Meat turns its first profit, topping estimates, but shares sink
Beyond Meat on Monday reported its first quarterly profit and topped analysts' expectations for quarterly earnings and revenue.
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Alphabet tumbles on earnings, but traders see a buy
Alphabet missed on earnings, but Todd Gordon of TradingAnalysis.com and Mark Tepper of Strategic Wealth Partners still see the stock as a buy.
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Monday, 28 October 2019
Spotify delivers a surprise profit as paid subscriptions rise
Spotify posted a surprise profit and topped Wall Street's expectations for revenue as the music streaming company added slightly more subscribers than expected for its premium service.
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AT&T to add new directors, sell assets
AT&T said on Monday it would consider adding two new board members and selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management.
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Walgreens tops expectations while cost-cutting weighs on profitability
Walgreens Boots Alliance on Monday reported fiscal fourth-quarter earnings and revenue that topped Wall Street's expectations.
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Burger King's parent company reports earnings in line with expectations
Restaurant Brands International reported earnings before the bell Monday.
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The Fed and Apple earnings will make or break market's return to record highs in the week ahead
Stock prices are bumping up against their highs, but whether they can burst through and hold gains depends on the Fed.
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Friday, 25 October 2019
Amazon's earnings weren't a total disaster — its advertising business is growing like crazy
Amazon's ad business grew at least 45% compared to last year, the company said.
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Verizon beats estimates as it adds more postpaid users
Verizon beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill.
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AB InBev sees slower growth as Brazil and South Korea buy less beer
Shares in Anheuser-Busch InBev tumbled 10% on Friday after the world's largest brewer lowered profit growth forecasts for this year after drinkers in Brazil and South Korea turned away from its beers in a weak third quarter.
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Intel stock pops on earnings beat and return to growth
Intel beat expectations and grew revenue slightly and gave better-than-expected guidance, sending shares up.
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Amazon clobbered after a miss on the bottom line and soft guidance
Amazon's third-quarter earnings fell short of street expectations, driving its stock down as much as 9% in after hours trading.
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Thursday, 24 October 2019
PayPal surges 8% after strongest results in at least a year, seeing growth in Venmo
Shares of PayPal jumped in pre-market trading Thursday after the payment company beat Wall Street's expectations for the third quarter.
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Tesla shares pop the most in 6 years after earnings show its building cash, boosting margins
Tesla turned in an unexpectedly profitably third-quarter and better than anticipated progress on its Shanghai factory.
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Amazon's big investment in free one-day delivery is expected to spark growth in the third quarter
Investors are keeping a close eye on just how much the expansion is cutting into Amazon's profit margins, as it spends on improving warehouses and delivery infrastructure to make one-day shipping the default for Prime members.
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American Airlines' earnings top estimates, but costs from Boeing 737 Max grounding grow
Travel demand lifted American Airlines revenue and bottom line but the Max grounding continues to weigh.
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Southwest revenue rises despite $210 million hit from Boeing 737 Max grounding
Southwest expects damages from the Boeing 737 Max grounding to grow into next year.
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Chemicals maker Dow cuts costs as global slowdown bites
Dow Inc. beat Wall Street estimates for profit in the third quarter as it cut costs to offset a sharp slowdown in demand for the chemicals it makes for plastics and other manufacturing.
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3M sales fall 2% on slowing Asia demand
3M, the maker of Scotch tape and Post-it notes, reported a 2% fall in quarterly revenue and lowered its full-year earnings outlook, hurt by slowing demand for its products in key markets such as China.
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J&J slashes third-quarter profit by $3 billion over proposed opioid deal
Johnson & Johnson on Wednesday lowered its previously reported third-quarter profit by $3 billion to account for a proposed opioid settlement payment.
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Twitter is set to report earnings before the bell — here's what the Street expects
The company has been battling to strike a balance between measurable growth and responsible monitoring of its platform.
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Comcast is set to report earnings before the bell — here's what the Street expects
Comcast has beat analysts expectations for earnings for the past four quarters.
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PayPal tops Wall Street estimates on higher customer traffic, shares rally
PayPal reported a better-than-expected quarterly profit on Wednesday as more people used its payment processing platform to make transactions and forecast full-year adjusted profit above Wall Street estimates.
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Ford's shares slide on lower year-end guidance, weak demand in China
The quarterly earnings are the first since Moody's Investors Service downgraded Ford's credit rating to junk status in September.
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Microsoft beats on revenue and earnings; stock is little changed
Microsoft beat expectations on the top and bottom lines, but Azure cloud growth slowed down.
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Tesla shares soar after crushing third-quarter earnings
Tesla reported a surprise profit instead of the loss analysts were expecting.
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Wednesday, 23 October 2019
Tesla's Q3 earnings report comes as major questions loom over China plans, SUV production
Tesla reports earnings after the bell on Wednesday, and Wall Street wants answers on Autopilot revenue, and just when Model Y deliveries and China vehicle production will begin.
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Blackstone reports better-than-expected third-quarter earnings
Blackstone said its distributable earnings in the third quarter fell 8% year-on-year, surpassing most analyst estimates.
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Boeing set to report earnings before the bell amid 737 Max crisis
Boeing is expected to report third-quarter earnings before the market opens on Wednesday.
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Eli Lilly reports 9% rise in third-quarter profit
Eli Lilly reported a 9.1% increase in third-quarter profit on Wednesday, helped by higher sales of its top-selling diabetes drug, Trulicity, and lower tax expense.
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Trade tensions weigh on Texas Instruments revenue forecast
Texas Instruments Inc forecast current-quarter revenue well below estimates on Tuesday.
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Snap stock drops on weak guidance
Snap shares are up over 150% this year, reflecting a return of user and revenue growth.
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Chipotle crushes earnings estimates, set to accelerate drive-thru expansion plans
Chipotle is now forecasting that it could open fewer than 140 to 155 new stores in fiscal 2019.
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Tuesday, 22 October 2019
Strong e-commerce demand powers UPS quarterly profit beat
United Parcel Service on Tuesday reported a quarterly profit that came ahead of Wall Street estimates, benefiting from strong e-commerce demand and rival FedEx's breakup with Amazon.com.
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Lockheed Martin raises 2019 forecast as quarterly profit climbs 9.2%
Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise in quarterly profit on Tuesday, helped by increased sales in its aeronautics business, which makes F-35 fighter jets.
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Harley-Davidson tops forecasts as international sales improve
Harley-Davidson reported better-than-expected quarterly profits on Tuesday and stuck to its full-year shipment forecast, allaying fears of another hit from European import tariffs and a further slump in sales in its main U.S. market.
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Here's what to expect from McDonald's earnings
McDonald's stock, which has a market value of $161.8 billion, is up 18% so far this year.
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Procter & Gamble earnings, sales top estimates, shares jump
Procter & Gamble has been enjoying strong sales, driven in part by innovation, marketing and speed to market. Last quarter, organic sales grew by 7%.
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Toymaker Hasbro misses profit estimates as costs jump on tariff threat
Hasbro fell short of Wall Street estimates for third-quarter revenue on Tuesday, hit by weak demand for its toys such as Nerf guns, My Little Pony and Play-Doh.
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TD Ameritrade fourth-quarter profit up 21% before cutting commissions
Online brokerage TD Ameritrade said Monday that its fiscal fourth-quarter profit jumped 21% in the last quarter before it slashed its trading commissions to zero.
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Monday, 21 October 2019
Halliburton profit falls 32% on weak North America drilling
Halliburton reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market.
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Friday, 18 October 2019
AmEx profit beats Wall Street estimates on higher consumer spending
Credit card issuer American Express reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay bills and make big ticket purchases.
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Here's what to expect from Coca-Cola earnings
Coca-Cola will report earnings before the bell Friday.
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Holiday Inn-owner IHG reports drop in quarterly revenue per room
The Holiday Inn-owner blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday.
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Thursday, 17 October 2019
Capital spending outlook another worry ahead of earnings
Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading into earnings season about the possibility of an economic recession. Capital expenditure increases have been weaker than last year.
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Honeywell cuts full-year revenue forecast after miss
Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast, as its customers rein in spending amid a slowing global economy.
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Morgan Stanley is set to report third-quarter earnings – here's what the Street expects
Lower interest rates, stock markets that traded sideways and mixed conditions on Wall Street may combine for an uninspired quarter at Morgan Stanley.
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Netflix to competition: Welcome! Your success will be our success
Netflix makes the case in its shareholder letter that more streaming services won't curb subscriber growth.
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Netflix soars after beating on earnings, despite miss on subscribers
Netflix warned of "modest headwinds" as streaming services from rivals Apple and Disney launch this fall.
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IBM stock falls on revenue miss
IBM's revenue fell for the fifth quarter in a row, even with contributions from its recent Red Hat deal.
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Wednesday, 16 October 2019
PNC Financial quarterly net profit falls marginally
PNC Financial Services posted a near 1% fall in net profit on Wednesday. On a per share basis, quarterly earnings rose to $2.94 from $2.82 a year earlier.
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BNY Mellon profit falls 7% on lower fees
Bank of New York Mellon reported a 7% fall in profit, as the world's largest custodian bank earned lower fees and took a hit from a drop in interest rates.
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Bank of America shares rise after posting higher-than-expected profit on retail operations
Under Moynihan, the firm has steadily trimmed expenses while holding the line on or increasing revenue.
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JP Morgan and big bank earnings: Here's what Wells Fargo's former CEO and other experts are saying
J.P. Morgan's earnings results stood out Tuesday as it and its fellow financial giants kicked off reporting season, and experts liked what they saw.
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Tuesday, 15 October 2019
United Airlines shares rise on improved earnings forecast, quarterly beat
United Airlines' third-quarter earnings topped Wall Street estimates.
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Netflix faces its final quarter of calm before the streaming wars begin
Disney+ and Apple+ will have launched by the time Netflix's next reports quarterly earnings. HBO Max and Peacock will soon follow in 2020.
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Earnings season will likely surprise investors and hit a popular trade, Art Hogan warns
National Securities' Art Hogan warns investors could get hurt by playing defense.
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BlackRock's Larry Fink on investment climate: 'It's not great, but not as bad as we feel'
Fink, who runs the world's largest money manager, says central banks around the world are providing support to markets and financial conditions are better than they seem.
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Wells Fargo earnings expected before the bell, as new CEO is set to takeover next week
Wells Fargo earnings expected before the bell with new CEO set to takeover next week. Last month, the bank's board of directors named Charles Scharf as CEO and president.
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Citigroup is set to report third-quarter earnings — here's what Wall Street expects
Citigroup is scheduled to release its third-quarter results later on Tuesday as the corporate earnings season kicks off.
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Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expects
Chief Executive Officer David Solomon has been at the helm of Goldman Sachs for a full year, but it's clear that the bank is still a work in progress.
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J&J beats third-quarter earnings expectations on higher prescription drug sales
J&J's pharmaceutical business, which accounts for half of the company's revenue, posted revenue of $10.88 billion.
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JP Morgan is set to report third-quarter earnings — here's what Wall Street expects
Banks have trailed the broader indices this year on worries the Federal Reserve's shift to easing rates will squeeze the industry's profit margins.
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Thursday, 10 October 2019
Delta Air Lines third-quarter earnings top estimates
Delta is the first U.S. airline to report third-quarter earnings.
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Tuesday, 8 October 2019
Friday, 4 October 2019
Costco quarterly sales miss estimates amid fierce competition
Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space.
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Thursday, 3 October 2019
GoPro shares plunge 19% after it cut its second-half outlook, citing Hero8 shipment issues
GoPro on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras.
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PepsiCo stock jumps 3% on earnings and revenue beat
PepsiCo said that it expects to meet or exceed its 2019 outlook for organic revenue growth.
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Wednesday, 2 October 2019
Lennar profit beats on higher home sales
Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes.
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Stitch Fix shares fall despite earnings beat, with 'softer' fiscal first quarter ahead
Stitch Fix's active client base grew 18% year over year, reaching 3.2 million people, the company said when it reported earnings after the bell on Tuesday.
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Thursday, 26 September 2019
Rite Aid jumped about 9% after reporting better-than-expected earnings
Rite Aid's stock surged in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan.
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Wednesday, 25 September 2019
Credit Suisse says Netflix earnings are likely going to disappoint
Credit Suisse just joined a slew of analysts worried about Netflix's earnings.
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Nike on pace to hit all-time high after the company's earnings 'crushed it'
Investors are rallying behind Nike's continued sales growth, as investments in designing new high-tech sneakers and fashion-forward apparel, adding Nike stores and selling less products in discount outlets are clearly paying off.
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Best Buy sees fiscal 2020 revenue of $43.1 billion to $43.6 billion, targets $1 billion in cost cuts
Last month, Best Buy's second-quarter profits topped analysts expectations, but sales came up short.
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Nike shares hit all-time high as new products drive sales, earnings top expectations
Nike on Tuesday reported quarterly earnings and sales that topped analysts' expectations, as investments it's made to sell more directly to customers showed signs of paying off.
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Tuesday, 24 September 2019
BlackBerry shares tumble nearly 12% on lower outlook, revenue miss
Canada's BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue.
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Thursday, 19 September 2019
Weak snacks demand, international challenges hit General Mills sales
Cheerios maker General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday.
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Wednesday, 18 September 2019
TransferWise, the $3.5 billion fintech firm backed by Peter Thiel, posts its third year of profit
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.
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Chewy shares slide despite narrower-than-expected second quarter loss
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.
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Adobe shares fall on soft guidance
Adobe's quarterly guidance was light, but the stock still went up after its fiscal third quarter results beat expectations.
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FedEx falls 9% after missing on earnings, lowering 2020 guidance
In August, FedEx announced it was ending its ground delivery contract with Amazon.
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Thursday, 12 September 2019
Oracle CEO Mark Hurd to take a leave of absence for health reasons
Oracle's Mark Hurd, who was hired by founder Larry Ellison in 2010, is taking a leave of absence, the company said on Wednesday.
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Wednesday, 11 September 2019
GameStop shares tank after earnings miss, cuts sales forecast
Shares of GameStop tanked after the company reported second quarter earnings and sales that missed analysts' expectations.
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Friday, 6 September 2019
DocuSign rises 19% on revenue beat and strong guidance
The enterprise cloud company beat analyst expectations on revenue and provided strong guidance for the next quarter and full fiscal year.
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Lululemon is rallying on earnings, and history points to another 17% surge ahead
Lululemon has done some heavy lifting this year. Two traders discuss whether there are more highs ahead.
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High-flying IPOs Crowdstrike, Zoom, and Medallia shares tank after quarterly results
Three of Wall Street's top-performing IPO stocks in 2019 tumbled after the companies' quarterly results failed to satisfy investors and justify their high valuations.
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Lululemon shares rise as growth in men's sales drives earnings beat
Lululemon in April said it plans to double its men's and online sales over the next five years, targeting annual revenue growth in the low teens during that time.
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Thursday, 5 September 2019
Slack plunges after posting first earnings report since going public
Slack's revenue got impacted in its first earnings report as a public company by service issues that caused the company to offer credits to customers.
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Wednesday, 4 September 2019
JetBlue slides after lowering guidance on Dorian impact, demand concerns
JetBlue says a key revenue metric might contract in the third quarter, partially due to the impact of Hurricane Dorian.
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Friday, 30 August 2019
Campbell Soup shares rise after beating profit estimates on cost cuts
Campbell Soup reports better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares climbing before the bell.
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Thursday, 29 August 2019
Abercrombie & Fitch cuts full-year sales forecast on tariff impact
The apparel maker is grappling with the impact of increased U.S. tariffs on Chinese goods.
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Best Buy shares fall after reporting second-quarter revenue and same-store sales misses
Investors were pessimistic even though Best Buy reported earnings that beat expectations by 9 cents and raised its guidance for the fiscal year.
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New merchandise, revamped stores drive Dollar General forecast, shares up 8%
The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration's latest tariffs on some Chinese imports, including holiday merchandise.
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Wednesday, 28 August 2019
Coty's quarterly loss widens on $3 billion writedown
Quarterly revenue was hurt by sluggish demand in Coty's biggest segment, consumer beauty.
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Tiffany earnings top estimates even as revenue falls, hurt by Hong Kong unrest
Tiffany's quarterly earnings top expectations, but sales fall short. The luxury jeweler also maintained its outlook for the full year.
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Autodesk shares plunge on trade war concerns
Autodesk said that due to "trade tensions and macro uncertainty," it lowered its revenue outlook for the year.
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HPE jumps as it raises full-year guidance
HPE's revenue has now fallen on an annualized basis for three consecutive quarters, but the company raised its guidance forecast for the full fiscal year.
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Thursday, 22 August 2019
Victoria's Secret drags down parent company L Brands second-quarter earnings
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.
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Nordstrom shares jump after delivering strong fiscal second-quarter profit, even as sales weaken
Here's what Nordstrom reported for its fiscal second-quarter earnings.
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Wednesday, 21 August 2019
Target CEO: The US trade war creates 'uncertainty' and 'complexity' for retailer
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.
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Toll Brothers profit beat is clouded by weakness in orders
Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.
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Cardinal Health warns ongoing opioid-related lawsuits to hit business
Drug distributor Cardinal Health warned that its business could be hurt as it defends itself against several opioid-related lawsuits.
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Target's second-quarter profit unexpectedly jumps 17%, company hikes earnings outlook
Target this week announced the launch of a new in-house grocery line, marking its biggest private-label venture to date. The retailer has been investing heavily in incubating its own brands.
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Lowe's reports second-quarter earnings that beat analyst estimates
Lowe's reports second-quarter earnings that beat analyst estimates
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Tuesday, 20 August 2019
Kohl's second-quarter profits beat expectations, but sales miss the mark
Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings expectations during the second quarter.
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Home Depot is about to report earnings. Here's what you need to know
Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year.
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Monday, 19 August 2019
Airbnb records 30% growth rate in Q1 on booking strength, Reuters reports
Airbnb is readying for a listing in the first half of 2020.
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Estee Lauder sees robust fiscal 2020 on booming skincare demand
Estee Lauder forecast full-year revenue and profit above Wall Street expectations after beating quarterly earnings estimates.
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Friday, 16 August 2019
Nvidia jumps on earnings beat
Nvidia's revenue was down year over year again, but it still beat estimates, sending the stock upward.
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Deere earnings fall short as company says farmers are delaying purchases because of the trade war
Shares of Deere fell on Friday after the equipment company missed earnings expectations and lowered guidance.
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Thursday, 15 August 2019
JC Penney reports mixed second-quarter results as sales decline at a faster-than-expected pace
J.C. Penney on Thursday reported mixed second-quarter results that showed its sales are continuing to erode.
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Tapestry expects quarterly revenue, profit to drop as Kate Spade drags
Tapestry forecast a surprise fall in first-quarter revenue and profit on Thursday, as the high-end fashion house struggles with sluggish demand for its Kate Spade handbags, sending its shares down 6%.
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Cisco drops on poor guidance, says China business dropped 25%
Cisco beat in its key Infrastructure Platforms segment, but the company's guidance for the next quarter came in below the levels analysts were anticipating.
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Walmart is about to report earnings. Here's what you need to know
The threat of additional tariffs on consumer goods taking effect later this year remains a headache for Walmart, the largest retailer in the world.
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Wednesday, 14 August 2019
Department store stocks fall on the heels of Macy's dismal earnings
Shares of Nordstrom, Kohl's, and Dilliard's fell in premarket trading on Wednesday after Macy's lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector.
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Macy's is about to report earnings. Here's what you need to know
Macy's shares are down more than 50% from a year ago. The company has been hit along with other department store operators.
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Monday, 12 August 2019
S&P 500 earnings could turn negative for 2019 amid the trade war
Analysts are lowering their earnings estimates for the quarters ahead amid a trade war.
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Friday, 9 August 2019
Uber's Q2 losses were bigger than total 2018 losses for all but three S&P 500 companies
General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber's $5.2 billion Q2 deficit.
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Uber shares slide after reporting disappointing quarterly results
Uber has worked to keep riders, and drivers, loyal with membership offerings and loyalty rewards, while battling competitors like Lyft.
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Thursday, 8 August 2019
IAC exploring spin-off of Match Group and ANGI Homeservices
IAC says it's exploring a possible distribution of its interests in Match Group and ANGI Homeservices to its shareholders.
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Viacom beats quarterly revenue estimates
Viacom, the owner of MTV, Comedy Central, and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic advertising revenue.
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AIG profit beats on strong underwriting, investment income
American International Group beat Wall Street estimates for quarterly profit, boosted investment income, sending its shares up 2.7% in extended trading.
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Fox Corp beats quarterly profit estimates on higher affiliate fees
Fox Corp reported quarterly results that beat Wall Street estimates, boosted by higher fees collected from cable and satellite operators and online distributors.
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Roku is 'excited' for onslaught of new on-demand platforms and the ad products they'll offer them
The company attributed acceleration in revenue growth to strength in its ads business.
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Lyft flat despite strong earnings report
Lyft beat analysts' expectations across the board for its second quarter trading on public markets.
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Zillow incurs heavy losses to expand home unit; shares tumble
Zillow said it lost more money in the second quarter than it lost last year as it spent heavily to boost its home segments business.
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Wednesday, 7 August 2019
'Dark Phoenix' dragged down Disney's box office earnings despite 'Avengers' success
Disney blamed "Dark Phoenix" for dragging on the company's massive box office haul. Overall, the studio reported revenue of $3.8 billion during the quarter, shy of the $4.5 billion analysts had foreseen, according to Refinitiv data.
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CVS posts big earnings beat, raises full-year forecast
CVS hiked its full-year forecast after beating analysts' second-quarter earnings and revenue expectations.
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Disney's Iger says it's a coincidence Disney+ bundle costs the same as a Netflix subscription
Disney CEO Bob Iger sits down for an interview with CNBC's Julia Boorstin to discuss Disney+ pricing
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Disney shares fall after earnings miss
Disney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday.
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Friday, 2 August 2019
Chevron profit rises 26.3% on higher output
Chevron reported a 26.3% rise in quarterly profit, as higher production more than offset lower crude oil and natural gas prices and a rise in expenses.
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Apple's earnings hit from new tariffs is 'manageable' so buy the dip: Bank of America
Bank of America Merrill Lynch reiterated its buy rating for Apple.
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Exxon Mobil earnings beat, shares jump 2%
Exxon Mobil reported second-quarter results that beat analyst expectations, sending the company's stock up more than 2% in the premarket.
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Thursday, 1 August 2019
British American Tobacco beats on first-half sales, helped by higher demand for e-cigarettes
The company forecast U.S. cigarette volumes would now fall 5.5% this year, more than its previous estimate for a 4-5% decline.
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Wayfair shares whipsaw as costs build up and loss widens
Wayfair shares dropped Thursday after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed.
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Verizon CEO sees functioning next generation 5G wireless in half the US next year
But it will take until 2024 for half of Americans to actually operate 5G phones, he says.
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General Motors shares up as earnings beat on strong North American profits
Shares of General Motors have risen more than 7% over the last 12 months and are up more than 21% since the beginning of the year.
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Shares of Taco Bell-owner Yum Brands jump as earnings top estimates
Taco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands.
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Thomson Reuters raises its outlook as revenue growth picks up
Thomson Reuters raised its sales and core profit outlook for 2019 and 2020 after reporting 4% organic revenue growth for the second quarter.
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Qualcomm disappointed Wall Street. It says Huawei is partly to blame
Qualcomm CEO Steve Mollenkopf said the ban on supplying Huawei led to a rise in market share for the Chinese firm in China's smartphone market. That hit Qualcomm.
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Wednesday, 31 July 2019
Qualcomm drops on disappointing guidance
The stock dropped as much as 5% in after-hours trading.
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Fitbit craters after cutting guidance
Fitbit blamed weak Versa Lite sales for its lowered revenue guidance.
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Humana raises 2019 profit forecast on back of second-quarter beat
Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates.
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Chipmaker AMD falls after reporting revenue decline
Advanced Micro Devices blamed lower graphics channels sales and lower semi-custom product revenue for the declining revenue.
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Gilead results beat Street estimates as demand grows for HIV drug
Gilead Sciences beat Wall Street estimates for second-quarter revenue and profit on Tuesday, driven by higher sales of HIV treatments.
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Core game franchises propel Electronic Arts revenue beat
Video game publisher Electronic Arts reported better-than-expected quarterly revenue, riding on the continued success of its battle royale game "Apex Legends."
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Amgen results beat estimates, lung cancer trial planned
Amgen said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs.
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AMD revenue forecast falls short as gaming console chip demand drops
Advanced Micro Devices forecast third-quarter revenue below Wall Street estimates, hit by lower demand for its chips used in gaming consoles.
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General Electric is about to report earnings: Here's what to expect
General Electric is expected to report second-quarter earnings before the market opens on Wednesday.
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Tuesday, 30 July 2019
Apple now has $210.6 billion in cash on hand
Apple continues to host one of the largest cash piles of any U.S. company.
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Apple's services business grew 13% in the third quarter, as device sales dropped
Apple is increasingly relying on its revenue from services like the App Store and Apple Pay to make up for saturation in the smartphone market.
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Apple rises on earnings beat
Apple's services and wearables businesses are becoming increasingly critical for the company.
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Apple is facing a 'low bar of expectations' but it might work in the company's favor
Analysts say that low expectations Apple a lot of room to overachieve, even as the company is coming off of of two straight quarters of year-over-year revenue decline.
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Higher consumer spending helps Mastercard beat quarterly profit estimates
Mastercard beat Street estimates for quarterly profit, as a robust economy encouraged customers to spend more.
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Altria posts mixed quarterly results, says cigarette sales decline is acclerating
Altria, which sells Marlboro cigarettes, beat Wall Street's revenue expectations but fell short of adjusted earnings expectations. The company expects US cigarette volumes to decline between 5% and 6% this year.
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Merck shares jump after earnings and revenue smash Wall Street estimates
Merck shares jumped more than 3% after the pharmaceutical giant reported second-quarter earnings and revenue that beat Wall Street's expectations.
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Under Armour shares sink 8% on sales miss
Under Armour on Tuesday morning reported mixed earnings, sending its shares falling in premarket trading. For the year, it now expects sales in North America will decline slightly. It's been struggling to keep up with rivals Nike and Adidas.
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Here's what to expect from Procter & Gamble earnings
Wall Street is expecting Procter & Gamble to report earnings of $1.05 per share.
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Dish loses fewer pay-TV subscribers than expected
Dish Network beat estimates for quarterly revenue, as the U.S. satellite TV service provider lost fewer pay-TV subscribers than analysts had expected.
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Sony posts 18% jump in first-quarter profit on strong image sensor business
Japan's Sony on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.
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Beyond Meat posts mixed quarterly results, announces secondary share offering; stock dives
The stock closed Monday up 788% since its May initial public offering and has drawn interest from short sellers.
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Friday, 26 July 2019
Twitter shares surge after earnings report shows growth in daily users
Twitter reports strong user and advertising revenue growth for the quarter.
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Here's what to expect from McDonald's earnings
McDonald's stock, which has a market value of $164.3 billion, is up 20% so far this year.
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Mattel shares soar on narrower-than-expected loss, strong sales of Barbie, Hot Wheels
Shares of Mattel jumped 7% in late trading Thursday after the company posted a narrower-than-expected loss and strong sales of Barbie and Hot Wheels.
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Intel rises on earnings beat and optimistic forecast
Intel reported declining revenue but still beat analysts' estimates for the second quarter.
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Thursday, 25 July 2019
Alphabet stock rises after earnings beat, announces $25 billion share repurchase
Shares of Google parent company Alphabet rose after the company reported an earnings and revenue beat for its second quarter of 2019.
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Amazon shares drop on weaker-than-expected earnings
The quarterly numbers follow an $800 million investment in one-day delivery and increased regulatory scrutiny into its business practices.
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Starbucks' stock pops after coffee chain crushes estimates, raises forecast
Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks.
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Alphabet slumps heading into Q2 earnings as investors fret over ad sales and regulation
Analysts say they will be looking at the company's modest growth rates following a series of changes to YouTube and others.
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American Airlines profit tops expectations but takes hit from Boeing 737 Max grounding
American's profit topped expectations but the company took a hit from the prolonged 737 Max grounding.
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'Not a lot to like' — Analysts pan Tesla as the shares are slammed on poor results
Wall Street analysts expressed frustration with the company's second quarter earnings report.
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3M profit falls 39% amid lower global sales
U.S. manufacturing conglomerate 3M reported a 39.3% fall in quarterly profit, hurt by a global slowdown in economic growth.
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Comcast is set to report earnings before the bell — here's what the Street expects
Comcast is set to report earnings for its second quarter of 2019 before the bell Thursday.
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Dow Inc profit falls 39% on lower prices, volumes
U.S. chemical company Dow posted a 39% fall in adjusted quarterly profit, driven by price declines for some of its products and lower volumes.
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PayPal stumbles 6% after missing on revenue, slashing full-year outlook
Shares of PayPal fell as much in after-hours trading after the company lowered its full-year guidance.
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Ford shares plunge after earnings fall short, 2019 forecast disappoints
Ford, which has slashed thousands of jobs this year, is also investing $11 billion by 2022 in electric and hybrid vehicles to try to keep pace in a changing industry.
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Tesla falls after posting wider-than-expected loss
But Tesla reaffirmed its full-year delivery guidance and said it still expects return to profitability in the third quarter.
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Facebook reports better than expected second-quarter results
Facebook's earnings report allayed concerns about regulatory scrutiny.
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Wednesday, 24 July 2019
Caterpillar tanks after company cuts guidance, citing tariffs and lower demand in China
Shares of Caterpillar plunged after the company posted disappointing results as tariffs and lower demand in China made a dent in its profit.
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Vans shoe maker VF Corp beats quarterly revenue estimates
VF Corp.'s quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand.
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UPS profit rises 13.5%, powered by investments in its delivery system
United Parcel Service reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system.
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Boeing will report earnings before the bell — here's what the Street expects
Boeing will report its second-quarter earnings before the market opens on Wednesday.
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The trade war is killing the maker of the Roomba
Shares of iRobot plummeted after the company's top executive said tariffs from the conflict will weigh on the company's numbers throughout 2019.
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AT&T beats quarterly phone subscriber estimates
AT&T beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it grounded out some growth in a saturated market and continues to bundle media content from Time Warner into new wireless plans.
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Visa earnings beat on higher customer spending
Visa beat analysts' estimates for quarterly earnings on Tuesday, as a robust economy encouraged customers to spend more and boosted fees for the world's largest payment processor.
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Texas Instruments quarterly beat soothes demand jitters, shares up 6%
Texas Instruments provided some relief that a global slowdown in microchip demand would not be as long as feared.
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Snap shares surge as results smash estimates
Snap shares soared in after-hours trading on Tuesday after the company lowered losses, beat on revenue and continued growing its user base.
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Chipotle's stock hits all-time high after earnings top estimates, raises sales forecast
Chipotle Mexican Grill on Tuesday reported that its digital sales nearly doubled during its second quarter, fueling earnings that beat analysts' expectations.
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Tuesday, 23 July 2019
Beyond Boeing: Airbus delivery delays to eat into JetBlue's growth
JetBlue Airways says it will take a maximum of six Airbus A321neo planes this year, down from an expected 13, a delay that the airline expects to hit its growth in the coming months.
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Coca-Cola CEO: 'The storm never arrived' as beverage giant raises revenue forecast
Coca-Cola CEO James Quincey said "the clouds" are still present even though it is feeling more optimistic about the second half of the year.
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Hasbro expects to source only 50% of products from China by the end of 2020
The threat of more tariffs against China makes toymaker Hasbro look to India and Vietnam.
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Amazon could miss on guidance for this quarter, BMO analyst warns
Amazon is expected to report its second-quarter earnings on Thursday.
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Morgan Stanley: Disney's earnings will nearly double in 4 years
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.
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This one number in Tesla's earnings report Wednesday will make or break the stock, Citi says
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.
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Snap shares jump on upgrade ahead of earnings after the bell
Shares of Snap, parent company of Snapchat, rose on Tuesday following an upgrade from Stifel ahead of the company's earnings release after the bell.
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Lockheed Martin shares jump after No. 1 defense contractor posts strong results, raises forecast
Lockheed Martin provided its second-quarter earnings on Tuesday.
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Travelers profit misses as higher claims weigh on underwriting gain
Insurer Travelers missed Wall Street estimates for second-quarter profit on Tuesday, as weather-related losses led to an 18% drop in underwriting gain.
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Harley Davidson second-quarter sales continued to slide as profit falls 19%
Harley Davidson posted its second quarter earnings today, beating analyst expectations on revenue but posting lower sales numbers.
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Biogen profit rises 72%
Biogen reported a 72.4% rise in second-quarter profit, boosted by higher sales of its multiple sclerosis treatment Tecfidera and lower research and development costs.
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United Tech revenue rises 17.5% on Rockwell Collins acquisition
United Tech reported a 17.5% rise in revenue and raised its full-year profit and sales outlook.
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Coca-Cola's stock jumps after earnings beat
Coca-Cola topped Wall Street's expectations for earnings and revenue.
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Whirlpool earnings beat estimates as higher prices offset tariff impact
Whirlpool reported better-than-expected earnings and lifted its full-year profit forecast.
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Friday, 19 July 2019
American Express tops profit estimates on higher card spending; expenses a worry
Credit card issuer American Express beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers.
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A big Tesla skeptic on Wall Street raised his estimate for second quarter earnings
One of Tesla's Wall Street skeptics now sees it headed to a nearly profitable second quarter earnings report.
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Boeing to take $4.9 billion hit in second quarter on 737 Max grounding
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.
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BlackRock's second-quarter profit misses estimates
The world's largest asset manager missed profit estimates, as investment advisory and securities lending revenue fell and costs rose.
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Microsoft beats on earnings, stock ticks up
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.
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Chewy stock rises after release of its first results since IPO, loss narrows in line with forecast
Chewy, founded in 2011 by Ryan Cohen and Michael Day, calls itself the "largest pure-play pet e-tailer in the United States."
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Thursday, 18 July 2019
iQOS boosts Philip Morris International's quarterly profit, revenue
Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum.
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Morgan Stanley is set to report second-quarter earnings – here's what the Street expects
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.
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UnitedHealth reports a 12.7% rise in quarterly profit
UnitedHealth added more members to its health plans and revenue climbed in its Optum unit, which includes its pharmacy benefit management business.
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EBay beats estimates as more shoppers flock to site, shares rise
EBay beat Wall Street estimates for quarterly revenue and profit on Wednesday, as efforts to make its platforms easier to navigate attracted more customers.
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IBM reports better-than-expected earnings, maintains full-year guidance
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.
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Netflix tanks after whiffing on global paid subscribers
The company blamed its Q2 content slate and price increases for the subscriber miss.
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Wednesday, 17 July 2019
Bank of America is set to report second-quarter earnings — here's what the Street expects
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.
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United Airlines posts higher profits and buys used Boeing 737s as Max grounding drags on
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.
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Tuesday, 16 July 2019
Domino's stock sinks on disappointing sales, fanning doubts about expansion strategy
Domino's Pizza stock fell Tuesday after reporting disappointing sales, despite beating Wall Street's earnings estimates.
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Wells Fargo to report earnings before the bell as its CEO search continues
While the nation's fourth-largest bank is expected to report 17.5% year-over-year profit growth, Wells Fargo is still looking for a new CEO.
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Goldman Sachs will report earnings before the bell — here's what the Street expects
Analysts polled by Refinitiv are expecting earnings of $4.89 per share and revenue of $88.828 billion when Goldman Sachs reports second-quarter earnings Tuesday.
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Johnson & Johnson beats earnings and revenue expectations
Johnson & Johnson reports second-quarter earnings Tuesday before market open.
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JP Morgan Chase is set to report second-quarter earnings – here's what the Street expects
Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits.
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Monday, 15 July 2019
Half of the companies that have reported earnings so far say the strong dollar is hurting them
Of the S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind.
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Citigroup beats analysts' profit expectations on gains from Tradeweb IPO
Citigroup is the first of the big U.S. banks to report second-quarter results, so investors will be keen to see how its banking and trading operations performed during the period.
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Friday, 12 July 2019
Illumina plunges after slashing revenue expectations
Illumina said it now expects revenue to grow about 6% this fiscal year. That's far below its previous projection for about 13% to 14% revenue growth in fiscal 2019.
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Thursday, 11 July 2019
Earnings will go negative this year, economic forecaster warns
Economic Cycle Research Institute co-founder Lakshman Achuthan warns a painful earnings trend will hit Wall Street.
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A giant manufacturer just gave a glimpse into this earnings season as it tanks on tariff costs
For those who don't see China trade war hurting U.S. business, a $17 billion industrial distributor just sounded alarms on tariffs costs and related inflation.
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Delta raises 2019 profit outlook, sending shares higher
Strong travel demand, particularly for premium cabins, helped drive Delta's second-quarter profits higher
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Wednesday, 10 July 2019
Levi Strauss quarterly adjusted profit falls 17%, shares sink
Levi Strauss reported a 17% drop in quarterly adjusted profit, hit by a stronger dollar, higher marketing costs, and investments in its online business.
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Tuesday, 9 July 2019
PepsiCo earnings and revenue beat Street estimates
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.
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Airlines are set to report earnings as Boeing 737 Max troubles set to linger for months more
U.S. carriers start reporting earnings this week with no end in sight to the grounding of the Boeing 737 Max after two fatal crashes.
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Wednesday, 3 July 2019
Most major analysts are staying negative on Tesla shares despite 'impressive' deliveries
Tesla shares surged in premarket trading Wednesday after what Barclays' called the company's "impressive" record quarterly sales number.
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Tuesday, 2 July 2019
Companies are warning that earnings results are going to be brutal
Some 77% of companies that have issued guidance have warned that their numbers will be worse than what analysts are expecting.
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Friday, 28 June 2019
Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear
Nike sold more sneakers and gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion.
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Thursday, 27 June 2019
Rite Aid shares swing on earnings miss
Shares of Rite Aid slid in premarket trading Thursday on disappointing quarterly earnings results as the drugstore chain struggles to prove itself as an independent company.
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Earnings this year may end up flat and that's a problem for investors lifting market to a record
Earnings estimates are essentially "flattish" for 2019 compared to 2018. This puts stock investors in a difficult position.
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Walgreens posts quarterly earnings beat
Walgreens Boots Alliance reported fiscal third quarter earnings that beat Wall Street's expectations Thursday before market open.
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Wednesday, 26 June 2019
Cheerios maker General Mills stock tumbles after sales disappoint
Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans eat its snacks.
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General Mills misses quarterly sales estimates
General Mills on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America.
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Micron pops on earnings and revenue beat
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.
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FedEx CEO says US lawsuit is 'separate and distinct' from Huawei package mishaps
FedEx CEO and Chairman Frederick Smith said the recent lawsuit against the Commerce Department is "separate and distinct" from the shipping incidents involving Huawei. FedEx has said those incidents were mistakes.
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Tuesday, 25 June 2019
Lennar profit beats as lower mortgage rates boost home sales
Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder's sales got a boost from lower interest rates for mortgages.
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Company earnings look like they will keep sliding through the third quarter
While earnings usually come in substantially ahead of expectations, the direction in the outlook doesn't speak well for what lies ahead
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Thursday, 20 June 2019
Carnival cuts 2019 profit on Cuba travel ban, higher expenses
Carnival cut its profit forecast for the year on Thursday due to the Trump administration's sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships.
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Shares of Olive Garden parent Darden skid after revenue miss
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.
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Wednesday, 19 June 2019
US Steel to idle three blast furnaces, hurt by lower prices and soft demand
U.S. Steel said it would idle two blast furnaces in the U.S. and a third in Europe, amid lower steel prices and softening demand.
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Adobe rises despite soft guidance
Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.
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Tuesday, 18 June 2019
Adobe looks cheap to trade ahead of earnings
The "Fast Money" traders share their first moves for the market open.
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Friday, 14 June 2019
Chip stocks are tanking after 'depressing' Broadcom earnings in a bad sign for market
Broadcom led a plunge in chip stocks Friday after the chipmaker missed revenue expectations and lowered guidance.
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Broadcom falls after slashing revenue guidance
Broadcom shares moved lower on Thursday after the company lowered revenue guidance for the year.
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Thursday, 13 June 2019
RH soars 23% on earnings beat as retailer's luxury strategy begins to pay off
RH tops earnings and revenue estimates, attributing its performance to its strategy of transforming into a luxury lifestyle brand.
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Lululemon stock jumps after strong earnings, raises full-year guidance
Lululemon shares, as of Wednesday's market close, have surged more than 40% this year.
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Friday, 7 June 2019
Norwegian Cruise Line says Cuba travel ban to hit 2019 earnings
Norwegian Cruise Line said on Friday the Trump administration's sudden ban on cruises to Cuba would hit its 2019 profit.
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Zoom shares jump after the company tops estimates in first earnings report since IPO
Zoom's guidance and results beat estimates, with revenue soaring more than 100% in the fiscal first quarter
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Beyond Meat stock soars after first quarterly report since IPO
Beyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
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Thursday, 6 June 2019
JM Smucker forecasts full-year profit above estimates
J.M. Smucker earnings were boosted by demand for its coffee and pet foods, including brands Meow Mix and Nature's Recipe.
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Stitch Fix spikes after beating earnings and revenue expectations
Shares of Stitch Fix soared 26% in after-market trading Wednesday after the company reported it beat earnings and sales expectations.
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Wednesday, 5 June 2019
Campbell raises profit forecast on snack boost, shares up 10%
Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%.
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There's a drawback to the Fed rate cuts the market so craves: It could wreck bank earnings
Bank earnings could get slashed by 10% if the Fed cuts rates by 75 basis points, Bank of America Merrill Lynch said.
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GameStop stock plunges nearly 30% as sales miss estimates and its dividend is killed
The company said it would eliminate its quarterly dividend, effective immediately, to save about $157 million a year.
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Tuesday, 4 June 2019
Tiffany quarterly same-store sales miss estimates
Tiffany missed Wall Street estimates for quarterly same-store sales on Tuesday, blaming "dramatically" lower spending by tourists worldwide.
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Friday, 31 May 2019
Dell revenue misses as China softness hits server business
Dell Technologies reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.
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Gap shares tank 15% on earnings miss, CEO calls quarter 'extremely challenging'
Gap CEO Art Peck said he was "not at all satisfied" with the dismal results from the apparel retailer during its fiscal first quarter.
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Gap cuts profit forecast after an 'extremely challenging' quarter; shares tank 15%
Gap cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand.
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Costco is looking at alternative sourcing and price hikes as tariffs loom
Costco reported profit and revenue that beat Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases.
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Uber stock rises as net losses match expectations
Uber reported earnings for the first time as a public company on Thursday after the bell.
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Thursday, 30 May 2019
Uber's first earnings reports: Investors are looking for hints of profitability
Uber anticipates a net loss of at least $1 billion for the quarter, according to an audited report released in an SEC filing ahead of its IPO.
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Dollar Tree cuts profit forecast as costs rise
Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading before the bell.
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Dollar General beats quarterly same-store sales estimates
Dollar General beat analysts' estimates for quarterly same-store sales, as customers spent more on groceries, seasonal products and home goods at the discount retailer's stores.
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PVH cuts profit forecast as CEO sees retail softness, shares tank
PVH Corp. cut its annual profit forecast by 10 cents a share as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth.
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Wednesday, 29 May 2019
Abercrombie & Fitch shares tank 17% on weak same-store sales, retailer closing 3 flagship stores
Abercrombie's same-store sales growth of 1% during the first quarter came in short of what analysts were expecting, sending the retailer's stock tumbling.
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Dick's Sporting Goods shares soar on earnings beat, retailer hikes outlook
Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook.
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DowDuPont to take $800 million to $1.3 billion charge in the second quarter
DowDuPont said it expects to book an pretax charge of $800 million to $1.3 billion for the April-June quarter, resulting from changes in valuation of assets in the wake of a drop in ethanol prices and weak demand for its biomaterial products.
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Friday, 24 May 2019
Foot Locker's first-quarter results miss Street forecasts; cuts earnings outlook
Shares of Foot Locker tumbled in early trading Friday on weak profit and revenue numbers. The shoe retailer also cut its outlook for the year.
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Thursday, 23 May 2019
Best Buy beats quarterly same-store sales estimates
Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services.
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Medical device maker Medtronic posts 20% fall in quarterly profit
Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valves and stents.
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Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations.
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Latest retail results show department stores need more than touch-ups. They need reinvention
A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores.
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Wednesday, 22 May 2019
Vans owner VF Corp quarterly revenue beats estimates
Apparel maker VF Corp exceeded Wall Street's quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face.
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Lowe's posts mixed first-quarter, cuts forecast; shares fall
Lowe's reported fiscal first-quarter earnings before the bell on Wednesday.
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Target is about to report earnings. Here's everything you need to know
Morgan Stanley earlier this month upgraded shares of Target, calling it a "survivor" in retail.
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Tuesday, 21 May 2019
Kohl's shares sink 11% on earnings miss, retailer trims outlook
Kohl's also for the first time in two years missed same-store sales expectations, with CEO Michelle Gass saying the year "started off slower than we'd like."
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Home Depot earnings beat: $2.27 a share, vs $2.18 EPS expected
Home Depot reported first-quarter earnings before the bell on Tuesday.
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Monday, 20 May 2019
Lumentum says it's halting all Huawei shipments; cuts its quarterly forecast
Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei, following export restrictions put in place by the U.S.
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Friday, 17 May 2019
Chip gear maker Applied Materials results beat estimates, shares rise
Applied Materials forecast third-quarter profit and revenue above estimates and reported better-than-expected quarterly results.
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The trade war will be a 'pain' for Apple's earnings, Nomura Instinet says, cutting estimates
Nomura Instinet lowered its price target on Apple shares, citing a coming "trade strain" on the company's earnings.
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Deere shares slump after profit misses, and full-year profit and sales outlook is cut
An escalating trade war between the U.S. and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere's equipment.
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Nvidia sees brief pop after earnings beat
Nvidia managed to beat estimates for earnings and revenue for its fiscal fourth quarter even as revenue was down some 31%.
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Pinterest shares plunge 15% after reporting larger-than-expected loss
Pinterest released its first-quarter 2019 earnings report after the bell on Thursday.
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Thursday, 16 May 2019
Cisco rises on strong revenue guidance
Cisco beat on top and bottom lines and delivered better-than-expected revenue guidance.
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Walmart earnings report is coming. Here's everything you need to know
Walmart has been pouring money into new technology that helps it more speedily fulfill online orders, grow its massive grocery business, stock shelves with merchandise and even train its own employees.
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WeWork urges investors to see losses as 'investments' as it reports quarterly loss of $264 million
WeWork has to convince public market investors that its losses are different than those of Uber or Lyft as the company prepares for its IPO.
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Tuesday, 14 May 2019
Take-Two revenue forecast misses as competition from 'Fortnite' intensifies
Take-Two Interactive Software reported lower-than-expected revenue and forecast first-quarter sales below analysts' expectations.
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Tencent Music charges for more content as paying users drive profit beat
China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit.
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Friday, 10 May 2019
Symantec CEO Greg Clark steps down, stock drops
Shares of security company Symantec fell Thursday after the company said its CEO, Greg Clark, has stepped down. The company is looking for a replacement.
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GoPro shares surge after it raises revenue forecast on strong demand for new cameras
GoPro raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday.
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Thursday, 9 May 2019
Shares of Stamps.com cut nearly in half after company slashes earnings forecast
Stamps.com stock dropped 47% in premarket trading after the company slashed its 2019 earnings forecast.
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Disney rises slightly on earnings beat as Fox deal closes
Disney closed its acquisition of Fox's entertainment assets during the quarter and has since unveiled details for its new streaming service.
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