Tuesday, 30 April 2019

Three major pharmaceutical companies just reported earnings — here's how they did



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General Motors is slated to report earnings before the bell — here's what the Street expects

The company in April reported sales that fell 7% from the prior year.

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GE says Boeing's 737 Max is 'a new risk' to this year's earnings forecast

General Electric added Boeing's grounded 737 Max airplanes as "a new risk" in the company's quarterly earnings report on Tuesday.

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McDonald's is set to release earnings before the bell — here's what to expect

McDonald's will report first-quarter earnings before the bell Tuesday.

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General Electric shares pop 7% as first quarter earnings beat Wall Street expectations

General Electric's first-quarter earnings were better on both the top and bottom lines than what Wall Street expected on Tuesday.

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Alphabet drops after reporting ad revenue slowdown

Alphabet's earnings report comes amid a rally in the stock price that's lifted it to a record.

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Monday, 29 April 2019

Shares of Burger King's parent fall after earnings miss

Restaurant Brands International's quarterly earnings fell short of expectations Monday morning.

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Spotify shares jump after it hits 100 million paid subscribers for its premium service

Spotify Technology reported a better-than-expected rise in first-quarter revenue as the music streaming company hit 100 million paid subscribers for its premium service.

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Friday, 26 April 2019

American Airlines to report earnings before the bell. Here's what we know

The carrier cut its revenue guidance in April, but didn't provide estimates of the exact financial impact the grounding will have in its recent financial filing.

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

Analysts expect Exxon Mobil to report first-quarter earnings of 69 cents per share, down from a year ago.

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Chevron is slated to report earnings — here's what the Street expects

Chevron is expected to report first-quarter earnings of $1.30 per share, down from a year ago.

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AstraZeneca's first-quarter sales beat estimates on aggressive push into cancer drugs

AstraZeneca reported first-quarter product sales and earnings ahead of analysts' expectations.

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Ford jumps 8%, as strong demand for its popular trucks in North America boosts first-quarter earnings

The quarterly numbers come amid Ford's $11 billion restructuring plan, with an aim to slash costs by $14 billion over the next five years.

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Strong sales of Barbie, 'Jurassic Park' toys help stem Mattel losses, shares soar

Shares of Mattel skyrocketed as much as 14 percent after the closing bell Thursday after the company posted a narrower earnings loss than analysts had expected.

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Starbucks earnings beat, raises forecast as customers spend more per visit

Starbucks shares rose after the company's earnings beat, despite a slightly weaker-than-expected sales.

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Intel drops 7% after chipmaker projects a drop in revenue this year

Intel removed itself from the 5G race, so now it has to rely on legacy businesses.

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Amazon smashes earnings expectations

The quarterly numbers come at a time when Amazon is experiencing slowing revenue growth but fatter profit margins.

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Thursday, 25 April 2019

Altria misses first-quarter earnings, revenue expectations

Altria shares slid 2% after the company missed first-quarter earnings, revenue expectations.

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3M to cut 2,000 jobs globally, slashes its 2019 profit outlook

3M on Thursday reported earnings and revenue that badly missed analysts' expectations and cut its full-year forecast.

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Southwest Airlines reports better-than-expected earnings, revenue despite 737 Max jet grounding

The carrier, which has 34 of the 737 Max jets, extended cancellations through Aug. 5. The Max comprises less than 5% of its fleet.

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Here's what analysts are expecting for Comcast's first quarter 2019 earnings report

Comcast is set to report earnings for its first quarter 2019 before the bell on Thursday.

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Chipotle earnings top estimates as digital sales double, boosts same-store sales outlook

Chipotle Mexican Grill on Wednesday reported earnings and revenue that beat analysts' expectations after doubling its digital sales during the quarter.

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Tesla misses big on first-quarter earnings as demand fell for its electric cars

Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.

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Microsoft hits $1 trillion market cap after earnings beat estimates

Microsoft kicked off tech earnings season and the stock jumped after revenue topped estimates.

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Facebook jumps as Stories users and ads show promising growth

Facebook said it took a one-time charge of $3 billion due to an ongoing Federal Trade Commission inquiry.

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Wednesday, 24 April 2019

Anthem beats earnings estimates, raises 2019 profit forecast

Anthem's first-quarter profit beat Wall Street estimates on Wednesday as it reined in expenses, and the U.S. health insurer raised its earnings forecast for the year.

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Facebook investors brace for an update from Zuckerberg on the company's planned pivot to privacy

With Facebook set to release quarterly results Wednesday afternoon, Wall Street wants to know how well the company is preparing to make money beyond ads.

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Tesla investors await updates from Elon Musk on service, the Shanghai factory and Model 3 margins

Tesla investors await updates on service improvements, the Shanghai Gigafactory and Model 3 margins.

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Domino's shares jump after earnings beat, shrugging off slowing sales

Domino's reported earnings before the bell on Wednesday.

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Caterpillar is set to report earnings before the bell — here's what the Street expects

Caterpillar is reporting first-quarter earnings before the bell on Wednesday.

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Market watcher who predicted the December plunge sees tide of gains from earnings beats

Ned Davis Research's Ed Clissold sees the market grinding higher as more earnings reports beat analyst estimates.

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Boeing earnings expected before the bell as market looks for 737 Max news

Boeing's first-quarter earnings report is expected before the market opens on Wednesday.

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AT&T posts a surprise gain in quarterly wireless phone subscribers

AT&T posted a surprise gain in first quarter net wireless subscribers who pay a monthly bill, as it rolled out a series of price-cut promotions for smartphones.

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EBay reported earnings that topped analysts' expectations

EBay reported first-quarter earnings of $518 million.

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Snap rally fades after earnings beat

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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Tuesday, 23 April 2019

Lockheed Martin jumps 7% after earnings top expectations and it raises 2019 forecast

Lockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.

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Harley Davidson profit falls 26.7% as the company struggles with tariffs, falling demand

The company said Tuesday its net income fell to $127.9 million, or 80 cents per share, in the first quarter ended March 31 from $174.76 million, or $1.03 per share, a year earlier.

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Demand for 'BumbleBee' Transformers toys helps Hasbro beat revenue estimates

Toymaker Hasbro reported a surprise rise in quarterly revenue on Tuesday as the box-office success of the "BumbleBee" movie drove sales of its Transformers action toys, sending its shares up nearly 9%.

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Coca-Cola shares jump 3% after earnings beat

Coca-Cola reported earnings before the bell Tuesday.

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Here's what to expect when P&G reports earnings before the market opens

P&G is coming off a strong fiscal second quarter in which its bet on raising prices paid off, helping to drive sales past investors' expectations. Analysts this quarter are expecting modest sales growth of half a percent.

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Here's what the Street expects from Twitter's first-quarter earnings

Twitter is set to release its first quarter 2019 earnings on Tuesday.

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Monday, 22 April 2019

It's the busiest week of earnings and these are the 3 stocks to watch, say two experts

This week is the busiest week of earnings, and Craig Johnson and Mark Tepper say Amazon is the name to watch ahead of earnings.

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Halliburton says pricing is bottoming out as US activity rises

Halliburton called the bottom of a pricing downturn that has plagued oilfield services companies and surprised on expectations.

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Thursday, 18 April 2019

American Express first-quarter earnings beat the Street

American Express on Thursday reported lower earnings in the first quarter but earnings per share beat estimates.

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Pier 1 Imports fourth-quarter results disappoint, CFO departs

Pier 1 Imports' CFO Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer.

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Unilever first-quarter sales top expectations

Unilever reported stronger than expected quarterly underlying sales growth.

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JP Morgan and Bank of America posted record profits, but investors worry it's downhill from here

Investors' biggest fear about the finance industry – that the big banks' main profit-making engine will sputter – is becoming apparent.

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Wednesday, 17 April 2019

United tops Wall Street estimates on first-quarter profit, misses on revenue

The carrier has grounded its 14 Boeing 737 Max jets through early July, as Boeing fixes a software problem suspected in two recent fatal crashes.

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Here's what major analysts said about Netflix's mixed earnings report

Analysts remain bullish on Netflix despite a mixed quarter.

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Morgan Stanley is set to report first-quarter earnings — here's what the Street expects

Morgan Stanley is the last of the six largest U.S. banks to report first-quarter earnings.

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PepsiCo beats on earnings, revenue

PepsiCo reported earnings before the bell Wednesday.

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IBM stock slips after revenue shortfall

IBM's revenue is now down year over year for three consecutive quarters.

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Netflix drops on earnings report showing weak guidance, CMO retires

Netflix reported its first-quarter 2019 earnings after the bell as more media companies enter the streaming space.

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Tuesday, 16 April 2019

BlackRock profit beats estimates on strong net inflows

BlackRock, the world's largest asset manager, reported a 3.3% drop in quarterly profit, as investors shunned its expensive funds and flocked toward low risk, inexpensive funds.

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Bank of America posts another record quarterly profit on strength of Main Street lending

CEO Brian Moynihan has focused on methodically trimming costs while looking for profit opportunities that fit his "responsible growth" mantra

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Johnson & Johnson reports first-quarter earnings before the bell. Here's what's expected

Johnson & Johnson reports first-quarter earnings Tuesday before the bell.

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As Goldman Sachs drags on financials, Cramer and other experts weigh in on bank earnings

Ahead of earnings from Bank of America and Morgan Stanley later this week, five experts weigh in on the mixed quarter for the big banks so far.

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UnitedHealth reports a 22.2% rise in quarterly profit

UnitedHealth reported a 22.2% rise in first-quarter profit, driven by strength in its main insurance business and Optum unit.

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US banks' first-quarter profits may be the best that they can get this year, Citi analyst says

With the Federal Reserve indicating no more rate hikes this year, U.S. banks' profitability in the coming months may be limited, said Ronit Ghose, the global head of banks research at Citi.

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Monday, 15 April 2019

Here's what to expect from Citigroup earnings

Citigroup is scheduled to report quarterly results later on Monday.

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

It's only Goldman Sachs CEO David Solomon's second quarter running the bank, but analysts will have plenty of questions for him.

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Friday, 12 April 2019

Wells Fargo earnings: $1.20 per share, vs $1.09 EPS estimate

Wells Fargo is scheduled to release its first-quarter results later on Friday.

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PNC Financial quarterly profit rises 2.7%

PNC Financial Services posted a 2.7 percent rise in quarterly profit on Friday as the U.S. regional bank earned more interest income.

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JP Morgan shares surge after bank posts record profit and revenue

Bank stocks under-performed the broader market in the first quarter after the Federal Reserve said in March that it was pausing rate hikes for the remainder of the year.

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Wednesday, 10 April 2019

Delta's first-quarter earnings, revenue beat Wall Street expectations

Investors were expecting a strong quarter from Delta, especially after it raised its earnings and revenue guidance last week.

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Earnings season is upon us — here's what to expect

First-quarter earnings for the S&P 500 are projected to decline 2.5% year over year, according to Refinitiv consensus estimates.

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Levi Strauss swings to profit in its first earnings release since IPO

For the first-quarter Levi reported earnings per share of 37 cents on revenue of $1.44 billion.

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Chipmakers' lousy first-quarter earnings could threaten sector's strong stock market gains

Semiconductor stocks, up sharply this year on hopes for a China trade deal, could face their day of reckoning during earnings season.

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Thursday, 4 April 2019

Corona brewer Constellation shifts away from wine as beer sales fuel earnings beat

Constellation Brands beat Wall Street's expectations for fiscal fourth-quarter earnings and revenue as the company positions itself to adapt to changing consumer tastes.

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Cramer: 'We're in trouble' if JP Morgan's stock doesn't rally when it reports earnings

"If that stock doesn't go up when it reports we're in trouble," CNBC's Jim Cramer says.

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Wednesday, 3 April 2019

GameStop forecasts a surprise first-quarter loss, shares fall

GameStop warned of a potential first-quarter loss as the world's largest video game retailer wrestles with slowing sales of video games and consoles at its stores.

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Tuesday, 2 April 2019

Airline stocks jump after Delta raises first-quarter earnings guidance on strong demand

Delta's shares jumped 4.6 percent while United and American rose 3.8 percent and 1.4 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading higher Tuesday morning.

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Walgreens misses quarterly earnings estimates, lowers full-year forecast

Walgreens misses quarterly earnings estimates, lowers full-year forecast

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