Thursday, 28 January 2021

American, Southwest post record annual losses as recovery remains elusive

Airlines cap a brutal 2020 and expect a difficult start to 2021.

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

Comcast reports fiscal fourth quarter 2020 earnings on Thursday.

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Here's what to expect from McDonald's earnings

Shares of McDonald's are about flat over the last year, giving it a market value of $161 billion.

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Wednesday, 27 January 2021

Facebook earnings beat but the company warns of impact from Apple privacy changes

Facebook warned that the looming changes in Apple's iOS 14 and a reversal in pandemic trends could hurt its advertising business.

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Levi's holiday-quarter sales fall 12%, despite online gains

Levi Strauss & Co. reported holiday-quarter earnings and sales that topped analysts' expectations.

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Tesla set to report Q4 earnings after the bell

Tesla previously said it had delivered 499,550 vehicles in 2020, falling barely shy of its guidance for half a million vehicle deliveries in 2020.

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Apple will report earnings for the critical holiday quarter after market close

Analysts are expecting a blow-out quarter driven not just by the first full quarter of 5G iPhone sales, but also strong performance in online services as well.

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Boeing's 2020 net loss hits record $11.9 billion, pushes out 777x debut to late 2023

Boeing is scheduled to detail its losses during a brutal 2020 and provide guidance on its recovery prospects as the pandemic continues to hurt travel demand.

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Tuesday, 26 January 2021

Starbucks tops earnings estimates even as U.S. recovery hurt by Covid resurgence

Shares of Starbucks have risen 13% over the last year, giving the company a market value of $123 billion.

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AMD beats, driven by game console chip sales

Shares of AMD are up 85% over the past year.

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Microsoft set to report earnings after the bell

Sales of new Xbox consoles could pressure Microsoft's margins.

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General Electric shares pop on better-than-expected industrial cash flow, rosy outlook

The conglomerate has continued to pay down its debt during the pandemic and cut costs through, for example, layoffs in its aviation business.

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J&J beats fourth-quarter earnings expectations, will release Covid vaccine data 'soon'



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Friday, 22 January 2021

Intel says an earnings slide may have leaked early, which is why it released results before close

Intel's earnings beat its own projections, which the company attributed to strong PC sales, especially in the low-end.

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Thursday, 21 January 2021

IBM revenue slide continues in Q4 2020

IBM's revenue has fallen for four consecutive quarters, a familiar theme for the company.

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Intel says PC sales during holiday quarter were unusually strong, up 33%

Intel faces a critical moment as new CEO Pat Gelsinger takes over next month for Bob Swan and activist hedge fund Third Point calls for major changes.

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American Eagle sees holiday-quarter sales dropping low-single digits amid weak mall traffic

American Eagle expects fourth-quarter sales to decrease in the low-single digits, driven by a drop in store sales due to weak mall traffic during the pandemic.

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Wednesday, 20 January 2021

United Airlines posts another loss, warns difficult months ahead as pandemic drags on

United Airlines posted another quarterly loss and said it expects sales to continue to struggle in the first quarter

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

Morgan Stanley has the biggest wealth management business among the six largest U.S. banks, operations that typically benefit from rising markets.

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Here's what to expect from Procter & Gamble earnings

Shares of Procter & Gamble have risen 6% over the last year, giving the company a market value of $332 billion.

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Netflix shares rise on strong subscriber growth, considers share buybacks

The company said it is close to being free cash flow positive and will consider returning cash to shareholders through buybacks. 

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Tuesday, 19 January 2021

Schwab earnings top estimates in first report since TD Ameritrade merger, accounts near 30 million

Schwab now operates nearly 29.6 million brokerage accounts. Assets grew to a record $6.69 trillion at the end of 2020.

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Goldman Sachs beats analysts' estimates on stronger-than-expected stock trading, investment banking

Expectations are running high for Goldman Sachs CEO David Solomon.

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

Will Bank of America join rivals by posting results that benefit from an improving credit picture?

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Friday, 15 January 2021

Wells Fargo shares decline 3% after fourth-quarter revenue falls short of expectations

Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank's stock lower by more than 2% in the premarket.

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

JPMorgan Chase is the first major lender to report fourth quarter earnings.

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Citigroup is set to report fourth-quarter earnings – here's what the Street expects

Weeks before she's set to take over for Mike Corbat, Jane Fraser is expected to address investors and analysts for the first time on Friday.

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Thursday, 14 January 2021

Delta halves cash burn in the fourth quarter, narrows losses to cap worst year ever

Delta sets its sights on a recovery in 2021 but expects more difficult months ahead.

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Wednesday, 13 January 2021

Target's sales up 17% over the holidays as it holds on to some of its pandemic gains

Target must prove it can hold on to market share gains as Americans get vaccinated and feel more comfortable returning to malls.

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Monday, 11 January 2021

Crocs shares soar on raised sales outlook through 2021

Crocs said it expects 2020 sales to grow more than 12% to a record of roughly $1.38 billion, up from a previous range calling for 5% to 7% growth.

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Lululemon forecasts fourth-quarter earnings and sales at the top end of outlook thanks to strong holidays

Lululemon has not offered an outlook for the full year due to the ongoing effects of the Covid pandemic.

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Thursday, 7 January 2021

Victoria's Secret parent L Brands says holiday same-store sales rose 5%, offers upbeat profit outlook

L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier.

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Walgreens shares rise after its earnings top estimates, fueled by higher drug sales

Walgreens said its pharmacy sales picked up in the U.S. as it filled more prescriptions, but it continued to have less foot traffic during the pandemic.

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Bed Bath & Beyond shares drop as retailer's earnings fall short; store closures, divestitures weigh on sales

Bed Bath & Beyond reported a third-quarter sales decline of 5%, which it said was largely due to its shedding of non-core assets and ongoing store closures.

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