The stock dropped as much as 5% in after-hours trading.
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Wednesday, 31 July 2019
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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