Wednesday, 31 July 2019

Qualcomm drops on disappointing guidance

The stock dropped as much as 5% in after-hours trading.

from Earnings https://ift.tt/2K7UGZD
via IFTTT

Fitbit craters after cutting guidance

Fitbit blamed weak Versa Lite sales for its lowered revenue guidance.

from Earnings https://ift.tt/2ys0rek
via IFTTT

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.

from Earnings https://ift.tt/2LQL87z
via IFTTT

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.

from Earnings https://ift.tt/2GE2Ab1
via IFTTT

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.

from Earnings https://ift.tt/2MrXJxx
via IFTTT

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."

from Earnings https://ift.tt/3356hjB
via IFTTT

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.

from Earnings https://ift.tt/2YuJ9aY
via IFTTT

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.

from Earnings https://ift.tt/2YB0tz0
via IFTTT

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.

from Earnings https://ift.tt/2YuVfAD
via IFTTT

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.

from Earnings https://ift.tt/318lEpY
via IFTTT

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.

from Earnings https://ift.tt/2OpMkRk
via IFTTT

Apple rises on earnings beat

Apple's services and wearables businesses are becoming increasingly critical for the company.

from Earnings https://ift.tt/2GARIuI
via IFTTT

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.

from Earnings https://ift.tt/311JWlb
via IFTTT

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.

from Earnings https://ift.tt/2ypDfNK
via IFTTT

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.

from Earnings https://ift.tt/2LOatyX
via IFTTT

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.

from Earnings https://ift.tt/2ylR3bN
via IFTTT

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.

from Earnings https://ift.tt/2GEJUrU
via IFTTT

Here's what to expect from Procter & Gamble earnings

Wall Street is expecting Procter & Gamble to report earnings of $1.05 per share.

from Earnings https://ift.tt/2Kf8sIG
via IFTTT

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.

from Earnings https://ift.tt/2GBMgHY
via IFTTT

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.

from Earnings https://ift.tt/2ZkY4pk
via IFTTT

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.

from Earnings https://ift.tt/2LN8B9s
via IFTTT

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.

from Earnings https://ift.tt/2Gw5Hlp
via IFTTT

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.

from Earnings https://ift.tt/32Qh2X0
via IFTTT

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.

from Earnings https://ift.tt/2SCGOtc
via IFTTT

Intel rises on earnings beat and optimistic forecast

Intel reported declining revenue but still beat analysts' estimates for the second quarter.

from Earnings https://ift.tt/2YfoozX
via IFTTT

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.

from Earnings https://ift.tt/2LGLpd4
via IFTTT

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.

from Earnings https://ift.tt/32QlIw6
via IFTTT

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.

from Earnings https://ift.tt/2OiGD7E
via IFTTT

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.

from Earnings https://ift.tt/2y9P8qP
via IFTTT

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.

from Earnings https://ift.tt/2Y556lt
via IFTTT

'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.

from Earnings https://ift.tt/2MaGq3T
via IFTTT

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.

from Earnings https://ift.tt/2YoDas2
via IFTTT

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.

from Earnings https://ift.tt/2LF57Gg
via IFTTT

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.

from Earnings https://ift.tt/2LHvE5y
via IFTTT

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.

from Earnings https://ift.tt/30S5cd5
via IFTTT

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.

from Earnings https://ift.tt/2YoRLnl
via IFTTT

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.

from Earnings https://ift.tt/2LBMLpq
via IFTTT

Facebook reports better than expected second-quarter results

Facebook's earnings report allayed concerns about regulatory scrutiny.

from Earnings https://ift.tt/2Zfsz00
via IFTTT

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.

from Earnings https://ift.tt/2LDFZQ2
via IFTTT

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.

from Earnings https://ift.tt/2YvQknr
via IFTTT

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.

from Earnings https://ift.tt/2GrNrd3
via IFTTT

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.

from Earnings https://ift.tt/2SAbyLm
via IFTTT

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.

from Earnings https://ift.tt/2SwDhN1
via IFTTT

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.

from Earnings https://ift.tt/2ZcBOhi
via IFTTT

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.

from Earnings https://ift.tt/2JNjIwX
via IFTTT

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.

from Earnings https://ift.tt/30OGsSU
via IFTTT

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.

from Earnings https://ift.tt/311eBPR
via IFTTT

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.

from Earnings https://ift.tt/2y1kIaj
via IFTTT

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.

from Earnings https://ift.tt/2YgL1rP
via IFTTT

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.

from Earnings https://ift.tt/2Gqb8SJ
via IFTTT

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.

from Earnings https://ift.tt/310pp0D
via IFTTT

Amazon could miss on guidance for this quarter, BMO analyst warns

Amazon is expected to report its second-quarter earnings on Thursday.

from Earnings https://ift.tt/2M93nnR
via IFTTT

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.

from Earnings https://ift.tt/2M6cBBr
via IFTTT

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.

from Earnings https://ift.tt/2LENoyr
via IFTTT

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.

from Earnings https://ift.tt/2LIJIvZ
via IFTTT

Lockheed Martin shares jump after No. 1 defense contractor posts strong results, raises forecast

Lockheed Martin provided its second-quarter earnings on Tuesday.

from Earnings https://ift.tt/2YbWX9S
via IFTTT

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.

from Earnings https://ift.tt/2Y7u9zr
via IFTTT

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.

from Earnings https://ift.tt/2GmiCWP
via IFTTT

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.

from Earnings https://ift.tt/2Z8pb6T
via IFTTT

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.

from Earnings https://ift.tt/2GsMqRY
via IFTTT

Coca-Cola's stock jumps after earnings beat

Coca-Cola topped Wall Street's expectations for earnings and revenue.

from Earnings https://ift.tt/2SxqwSk
via IFTTT

Whirlpool earnings beat estimates as higher prices offset tariff impact

Whirlpool reported better-than-expected earnings and lifted its full-year profit forecast.

from Earnings https://ift.tt/2Z9hld8
via IFTTT

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.

from Earnings https://ift.tt/2GjPakt
via IFTTT

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.

from Earnings https://ift.tt/2Yf5cpS
via IFTTT

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.

from Earnings https://ift.tt/30JsIc3
via IFTTT

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.

from Earnings https://ift.tt/30HlF3G
via IFTTT

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.

from Earnings https://ift.tt/2JCPxIK
via IFTTT

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."

from Earnings https://ift.tt/2Yb9P4e
via IFTTT

CrowdStrike stock jumps after beating expectations in its first earnings report

CrowdStrike reports first earnings report since IPO.

from Earnings https://ift.tt/32KOLBg
via IFTTT

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.

from Earnings https://ift.tt/2xV9LqI
via IFTTT

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.

from Earnings https://ift.tt/2Y8mgxT
via IFTTT

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.

from Earnings https://ift.tt/30xlVCq
via IFTTT

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.

from Earnings https://ift.tt/2Y24mJa
via IFTTT

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.

from Earnings https://ift.tt/2LVwVp2
via IFTTT

Netflix tanks after whiffing on global paid subscribers

The company blamed its Q2 content slate and price increases for the subscriber miss.

from Earnings https://ift.tt/2XNPJxx
via IFTTT

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.

from Earnings https://ift.tt/2Y280GU
via IFTTT

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.

from Earnings https://ift.tt/2lNmwAZ
via IFTTT

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.

from Earnings https://ift.tt/2k9l0IE
via IFTTT

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.

from Earnings https://ift.tt/2k11dvc
via IFTTT

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.

from Earnings https://ift.tt/32EGzT4
via IFTTT

Johnson & Johnson beats earnings and revenue expectations

Johnson & Johnson reports second-quarter earnings Tuesday before market open.

from Earnings https://ift.tt/2kbaxfZ
via IFTTT

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.

from Earnings https://ift.tt/2Y8bOq3
via IFTTT

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.

from Earnings https://ift.tt/2YTpVNh
via IFTTT

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.

from Earnings https://ift.tt/2LO4ZDA
via IFTTT

Friday, 12 July 2019

With no trade deal near, company forecasts this earnings season are likely to be cloudy

Citigroup kicks off earnings season on Monday.

from Earnings https://ift.tt/2XPsqPm
via IFTTT

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.

from Earnings https://ift.tt/2Skbj7b
via IFTTT

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.

from Earnings https://ift.tt/2XFskhS
via IFTTT

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.

from Earnings https://ift.tt/2G6tGr4
via IFTTT

Delta raises 2019 profit outlook, sending shares higher

Strong travel demand, particularly for premium cabins, helped drive Delta's second-quarter profits higher

from Earnings https://ift.tt/2YHRglj
via IFTTT

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.

from Earnings https://ift.tt/2G2j5NJ
via IFTTT

Tuesday, 9 July 2019

PepsiCo earnings and revenue beat Street estimates

PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.

from Earnings https://ift.tt/2G3zGAK
via IFTTT

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.

from Earnings https://ift.tt/2G4YMzn
via IFTTT

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.

from Earnings https://ift.tt/2YDGlsE
via IFTTT

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.

from Earnings https://ift.tt/302CnKt
via IFTTT