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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Caterpillar shares tank after company cuts forecast again, earnings badly miss the Street



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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

Domino's stock falls after earnings and revenue miss

Domino's reported earnings before the bell Tuesday.

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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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