Earnings at the halfway mark are much better than expected

The reopening story may be getting rocky, but one pleasant surprise has been earnings.

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Exxon shares fall after it loses money for a second straight quarter

Exxon said it lost $1.1 billion in the second quarter.

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Stocks making the biggest moves in the premarket: Caterpillar, Merck, Chevron, Under Armour & more

The stocks making the biggest moves in premarket trading include Caterpillar, Merck, Chevron, Under Armour, and more.

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Strong online sales help stem revenue declines at Under Armour during pandemic, shares jump

"Now, with most of these doors reopened, we are encouraged by some of the momentum we've experienced in June and July," Under Armour Chief Executive Patrik Frisk said in a statement.

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Shares of Caterpillar rise after the Dow component reports better-than-expected results

Caterpillar said cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories.

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Pharma giant Merck raises 2020 outlook, saying the worst of the coronavirus impact is behind it

Sales of Merck's blockbuster cancer drug Keytruda helped offset an 8% decline in revenue to $10.87 billion during second quarter from $11.76 billion from a year earlier.

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Chevron shares fall after oil giant reports an $8.3 billion loss for the second quarter

Chevron said Covid-19 "signifiantly reduced demand" in the second quarter.

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Fiat Chrysler reports $1.2 billion loss in the second quarter

Fiat Chrysler lost $1.24 billion (1.1 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its plants across the globe.

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Stocks making the biggest moves after hours: Facebook, Amazon, Ford and more

See which stocks are posting big moves after the bell.

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Remdesivir maker Gilead Sciences sees 10% drop in second-quarter sales as demand for non-coronavirus drugs falls

Gilead Sciences' sales fell 10% in the second quarter from a year earlier as the coronavirus pandemic weakened demand for some of its drugs, including some of its core hepatitis treatments.

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Amazon to report earnings after market close

In April, Amazon said it would spend all of its expected $4 billion profit in the second quarter on coronavirus-related investments.

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Here's what to expect when Facebook reports earnings after the bell

Facebook has seen an increase in user engagement as a result of the coronavirus, but has also endured an ad boycott that may crimp revenue.

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Alphabet to report Q2 earnings after the bell

Alphabet's Q2 earnings are expected to be hit hard by the effects of the pandemic alongside a maturing digital ad market.

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Apple is set to report earnings after the bell

Apple saw widespread retail closures during the quarter, especially in the United States, but previously touted both work-from-home trends and strong online sales as delivering a boost to overall operations.

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Ford reports earnings after the bell, and analysts expect billions in losses from the coronavirus pandemic

Ford CFO Tim Stone warned investors in April that the company expected to lose more than $5 billion, on an adjusted pretax basis, during the second quarter.

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Stocks making the biggest moves in the premarket: Procter & Gamble, Comcast, UPS, Cigna & more

The stocks making the biggest moves in premarket trading include Procter & Gamble, Comcast, UPS, Cigna, and more.

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Qualcomm soars after striking patent deal with Huawei

Qualcomm stands to heavily benefit from 5G networks being built. It sells modem chips to phone makers, and licenses critical patents to anyone using 5G technology.

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Stocks making the biggest moves after hours: Qualcomm, Kodak, Qorvo, PayPal and more

See which stocks are posting big moves after the bell.

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Dunkin Brands second-quarter revenue falls 20% as customers make fewer visits due to pandemic

Dunkin' Brands second-quarter revenue fell 20% as fewer customers stopped by its stores due to the coronavirus pandemic on their way to work.

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Yum Brands same-store sales fall 15%, but company says trends stabilizing in June and July

"Same-store sales trends for open stores stabilized in June just a few points short of flat, despite the majority of our dining rooms still remaining closed, and these trends have continued into July," CEO David Gibbs said in a statement.

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Eli Lilly raises 2020 profit forecast after second-quarter profit beats

Eli Lilly reported a 6.4% rise in second-quarter profit on Thursday, helped by demand for its diabetes drug, Trulicity.

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

This is the first earnings report since Comcast's NBCUniversal has launched its new ad-supported streaming service, Peacock.

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Here's what to expect from Procter & Gamble earnings

Shares of Procter & Gamble, which has a market value of $319 billion, have risen 3% so far this year.

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UPS quarterly revenue rises 13.4% on pandemic-led demand

United Parcel Service on Thursday reported a 13.4% rise in quarterly revenue, as the Covid-19 pandemic led to a surge in residential volumes and healthcare shipments.

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GM swings to a loss as coronavirus shuttered factories and devastated sales

General Motors lost $758 million and burned through billions of dollars in the second quarter in what is expected to be the worst three months of the year for the auto industry as the coronavirus pandemic shuttered factories and devastated sales.

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Boeing posts net loss of $2.4 billion and slows aircraft production amid coronavirus-weakened demand

Boeing's shares are trading at roughly half their value from a year ago, and its best-selling plane has been grounded since March 2019.

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General Electric shares rise after second-quarter revenue is slightly better than expected

General Electric reported a second-quarter revenue figure that beat analyst expectations, sending the stock up nearly 3% in the premarket.

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Shopify beats quarterly revenue estimates on higher merchant signups

Canadian e-commerce company Shopify beat Wall Street estimates for second-quarter revenue on Wednesday, as more brick-and-mortar retailers listed on its online platform to boost their sales during coronavirus-led lockdowns.

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Spotify's paid subscribers hit 138 million as music streaming demand rebounds

Spotify said on Wednesday music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates.

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Earnings: Companies clash over whether second quarter was the bottom

Two competing narratives are battling it out this earnings season. One says the recovery is in trouble, another says the second quarter was the bottom.

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AMD pops after it raises revenue forecast for the year

AMD is raising its revenue forecast after competitor Intel indicated last week that it will be delayed in getting out next-generation chips.

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Starbucks shares jump as investors shrug off coffee chain's loss and hope worst of the pandemic is behind it

The coronavirus pandemic led Starbucks to lose $3.1 billion in sales during the quarter, according to its estimates.

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Harley-Davidson reboots business as coronavirus hammers earnings

Harley-Davidson on Tuesday reported an unexpected quarterly loss due to disruptions caused by the coronavirus pandemic, sending its shares sliding 4% in pre-market trade.

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JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarter

JetBlue Airways swung to a second-quarter loss after revenue plunged more than 90% because of the coronavirus.

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Pfizer shares rise after it raises 2020 revenue outlook and reports better-than-expected earnings

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3M profit misses as coronavirus crisis hammers sales

Industrial conglomerate 3M reported a 12% drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.

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LabCorp quarterly profit jumps about 22% on government stimulus

Diagnostics testing company Laboratory Corporation of America reported a 21.6% rise in quarterly profit on Tuesday, boosted by a $55.9 million government stimulus income related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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Marlboro maker Altria expects higher earnings in 2020

Marlboro maker Altria said it expected full-year earnings to rise as much as 4% from last year and announced plans to expand the availability of its iQOS heated-tobacco devices in more markets in the U.S.

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Here's what to expect from McDonald's earnings

Shares of McDonald's, which has a market value of $155 billion, have risen 1.8% so far this year.

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Five things investors are watching as GM and Ford report coronavirus-ravaged earnings

The coronavirus pandemic brought the U.S. automotive industry to a standstill. Investors will see just how bad the damage is when all three Detroit carmakers report earnings this week.

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Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares fall

Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter, as the company posted weaker-than-expected earnings on Monday.

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E-Trade experiences record trading in the second quarter as the retail trading boom continues

E-Trade beat on the top and bottom lines of its quarterly earnings.

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Intel offers disappointing Q3 earnings guidance as it delays next-generation chips

AMD will retain its lead in next-generation chip architecture for a longer period of time as Intel announced delays.

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AT&T loses monthly subscribers as media unit takes a hit from coronavirus

AT&T said on Thursday it lost monthly phone subscribers and suffered a $2 billion revenue decline from delayed movie releases and advertising shortfalls in the second quarter as the Covid-19 pandemic ravaged its business.

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Twitter reports strong user growth, but ad revenue is down 23%

Twitter said it saw "moderate recovery" to its ad business compared with March, but ad revenue was still down 23% year over year.

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Southwest posts $915 million loss, warns travel demand will remain weak without coronavirus vaccine

Southwest Airlines lost $915 million in the second quarter and warned that travel demand will be "depressed" until there's a coronavirus vaccine or treatment.

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American Airlines posts $2.1 billion net loss in the second quarter

American swings to a loss as coronavirus depressed demand but the Fort Worth-based airline slashed its cash burn.

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Tesla reports fourth straight quarter of profits

During the period ending June 30, 2020, Tesla grappled with the effects of the Covid-19 pandemic and widespread civil rights protests on its employees, customers and U.S. factory operations, especially.

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Dow to cut costs to blunt pandemic blow, posts smaller-than-expected loss

Dow Inc. swung to a second-quarter loss as demand plunged for its chemicals from consumer durables and construction material makers and said it would reduce its workforce by 6% to weather the coronavirus crisis.

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'It is going to be brutal': What to expect as oil and gas majors unveil their second-quarter results

The IEA's Fatih Birol has reportedly said he believes 2020 may come to be regarded as the worst year in the history of global oil markets.

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Microsoft set to report earnings after the bell

In April Microsoft said it was expecting a slowdown in quarterly revenue growth, with the virus continuing to impact its business.

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Here's what to expect from Chipotle earnings

While the coronavirus pandemic took a toll on Chipotle's sales last quarter, the company reported an 81% increase in digital sales as consumers stayed home and ordered online.

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CEOs reflect on tough quarter, but also offer some good news on earnings calls

Here are some comments from CEOs in the last day or so, on tobacco, gas sales, RVs, truck sales, and can sales.

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Best Buy reports strong sales as it brings back furloughed workers

The big-box retailer furloughed about 51,000 employees in April when it had a curbside-pickup-only store model.

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Snap warns Q3 advertising could be hurt by pandemic impact on sports, movies, back-to-school

Snap warned that the uncertainty around events like the back-to-school season and the operations of sports leagues in the third quarter could impact advertising demand.

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Best Buy sales get an online boost, sending shares higher

Best Buy said its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances.

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Snap net loss balloons from year ago, revenue up 17%

Snap's stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.

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United Airlines loses $1.6 billion in second quarter but expects to further lower cash burn

United and other airlines are scrambling to cut costs as demand for air travel remains depressed in the coronavirus pandemic.

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Here's what to expect from Coca-Cola earnings

Shares of Coca-Cola have fallen 16% so far this year.

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Logitech raises full-year outlook as quarterly operating profit jumps more than 75%

Logitech raised its outlook for the 2021 fiscal year and reported a more than 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns.

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IBM improves gross margins in Q2 under new CEO

IBM's revenue declined for a second consecutive quarter as the coronavirus made an impact across multiple business units.

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BlackRock profit jumps 21% on fixed-income boost

BlackRock, the world's largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services.

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Netflix shares fall after earnings miss, weak subscriber guidance for third quarter

The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings.

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Domino's Pizza U.S. same-store sales soar 16% as more consumers order delivery

Domino's Pizza on Thursday reported that its quarterly U.S. same-store sales soared 16.1% as more consumers ordered pizza delivery during the coronavirus pandemic.

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J&J's profit slides 35% as coronavirus forces hospitals to forgo elective surgeries

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Bank of America is set to report second-quarter earnings — here's what the Street expects

All eyes will be on CEO Brian Moynihan's bank after JPMorgan managed to post its biggest quarterly revenue ever despite setting aside $8.9 billion for coronavirus-related loan losses.

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

Morgan Stanley, which is essentially a global investment bank paired with a large wealth management business, stands to benefit from one of the best trading quarters in years.

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Goldman Sachs shares surge as earnings blow past the Street on the best trading results in years

Expectations for Goldman were running high after JPMorgan Chase and Citigroup posted strong trading and the firm delivered.

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PNC Financial's profit more than doubles on gain sale of stake in BlackRock

PNC Financial's second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock.

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Insurer UnitedHealth's quarterly profit more than doubles as medical costs drop

UnitedHealth said on Wednesday its second-quarter profit more than doubled, helped by lower medical costs due to a fall in healthcare utilization following coronavirus-fueled lockdowns and social distancing.

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Citigroup shares rise after bank reports better-than-expected earnings on strong trading results

Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.

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Wells Fargo reports $2.4 billion loss for the quarter, slashes dividend to 10 cents

Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

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Delta posts second-quarter net loss of $5.7 billion, biggest in more than a decade, driven by coronavirus

Delta deepened its losses because of the coronavirus pandemic.

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JPMorgan Chase is set to report second-quarter earnings – here's what the Street expects

JPMorgan Chase will be closely watched for clues on how the coronavirus pandemic is impacting banks' retail and institutional businesses.

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Bank earnings will deliver an upside surprise and help boost market, top strategist Art Hogan predicts

National Securities' Art Hogan is optimistic bank earnings will come in better than expected and help lift stocks.

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Quest Diagnostics revenue tops expectations on demand for coronavirus testing services

Quest Diagnostics reported preliminary second-quarter revenue above analysts' estimates on Monday, largely on growing demand for its Covid-19 testing services, sending its shares up 2.7% before the bell.

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Investors should brace for a wild earnings season and expect little guidance for what's ahead

Analysts estimates are all over the place because about 40% of companies are not providing guidance on earnings.

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Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

The worst earnings season in years is about to begin, and stocks could shrug off sharp profit declines, if companies see signs of recovery.

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PepsiCo revenue falls 3% as pandemic hits beverage sales

PepsiCo on Monday reported that its quarterly revenue fell after fewer consumers bought its drinks at restaurants and convenience stores amid the coronavirus pandemic.

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Walgreens swings to a quarterly loss as coronavirus drives up costs, lowers doctor visits

Walgreens Boots Alliance said its profits were squeezed by a shift in sales to low-margin items, increased supply-chain costs and higher expenses for labor and store cleaning.

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Levi's sales fall 62% in second quarter, to cut 15% of corporate workforce

A complete recovery "will likely take some time," Levi & Strauss Co. CEO Chip Bergh said.

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Rocky road ahead at Macy's, potential 'regional flare-ups,' with Covid-19 cases surging in some states

The road to recovery at Macy's is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise.

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Michael Kors owner Capri estimates 70% plunge in first-quarter revenue

Michael Kors owner Capri Holdings on Wednesday estimated a 70% slump in first-quarter sales after the coronavirus hammered luxury sales.

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Macy's reports first-quarter loss but does not expect 'another full shutdown'

Macy's on Wednesday reported a first-quarter loss, in line with the retailer's previously announced estimates, as its business took a hit from the coronavirus pandemic.

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FedEx shares jump over 9% as quarterly results top expectations

Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.

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