Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
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Friday, 28 October 2022
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend
Pinterest shares jumped over 14% after the company posted third-quarter earnings that beat on both revenue and earnings per share.
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Thursday, 27 October 2022
Shopify shares pop 18% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
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Altria quarterly earnings miss estimates as cigarette maker's revenue falls
Cigarette maker Altria Group narrowed its earnings guidance for the year as it reported third-quarter earnings and revenue that missed Wall Street estimates.
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Apple set to report earnings after the bell
Apple reports fiscal Q4 2022 earnings at 4:30 p.m. Eastern time on Thursday, Oct. 27.
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Southwest says travel demand still strong, warns Boeing delays could continue into 2024
Southwest said delivery delays will determine its schedules going forward.
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Comcast is set to report earnings. Here's what to expect
Investors will pay close attention to Comcast's broadband business when the company reports earnings Thursday morning.
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Oil giant Shell reveals plans to hike dividend as quarterly profits more than double
Shell revealed plans to raise its dividend per share by around 15% for the fourth quarter.
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Wednesday, 26 October 2022
Boeing reports quarterly loss on problems in Air Force One, tanker programs
Boeing's defense unit drove the company to a loss, despite nearly $3 billion in free cash flow.
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Barclays posts profit beat for the third quarter on strong bond trading revenue
Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error.
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Chipotle says price hikes lift revenue as customer visits slip
The burrito chain said same-store sales rose 7.6% in the quarter.
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Spotify shares dip after third-quarter earnings report
Spotify shares fell in extended trading Tuesday after reporting a third-quarter loss that was wider than analyst expectations.
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Tuesday, 25 October 2022
JetBlue posts quarterly profit as travel demand helps cover jump in costs
Other U.S. airlines this month said they aren't seeing a slowdown in travel demand.
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Alphabet to report Q3 earnings after the bell Tuesday
Alphabet is expected to report its weakest revenue growth for any period since 2013.
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UPS reaffirms its outlook for 2022 as it posts mixed quarterly results
United Parcel Service's third quarter revenue fell below Wall Street's expectations, but profit surpassed them.
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Swiss bank UBS posts 24% profit slide but beats analyst expectations
UBS on Tuesday reported a net income of $1.7 billion for the third quarter of this year, slightly above analyst expectations, with the Swiss bank citing a challenging environment.
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Monday, 24 October 2022
General Motors is set to report earnings before the bell. Here's what Wall Street expects
The auto industry's earnings and forecasts are being closely watched by Wall Street for any signs that consumer demand could be weakening.
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Thursday, 20 October 2022
Snap plunges more than 25% on third-quarter revenue miss
Snap reported disappointing revenue figures on Thursday, after the company put in place cost-cutting measures to boost profit.
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American Airlines expects fourth-quarter profit thanks to strong travel demand
American's revenue rose to a record $13.46 billion in the three months ended Sept. 30, up 13% from 2019 despite flying nearly 10% less.
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Wednesday, 19 October 2022
IBM surpasses quarterly projections and lifts its full-year revenue forecast
IBM saw a jump in mainframe computer and transaction-processing software sales in its first full quarter of sales of a new version, the z16, in May.
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Tesla is set to report earnings after the bell
During the quarter, Tesla faced soaring commodity and energy prices and had problems shipping cars to customers, but made improvements to its Shanghai factory.
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Procter & Gamble is about to report earnings. Here's what to expect
Shares of Procter & Gamble have fallen 21% this year, dragging its market value down to $306.4 billion.
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Globally critical chip firm ASML jumps 6% after earnings; sees limited impact from U.S. China curbs
ASML reported third-quarter earnings that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor firms.
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Tuesday, 18 October 2022
Adobe stock jumps on estimates for next year as strong dollar cuts into growth
Adobe CEO Shantanu Narayen says the company's success continues, but it's not immune from fluctuation in currencies.
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United Airlines shares surge on higher profit and strong demand forecast
United said it expects another profit for the fourth quarter.
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Hasbro revenue meets expectations but earnings miss as inflation squeezes shoppers
Hasbro reported Q3 earnings that missed expectations and revenue that matched Wall Street projections.
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Goldman Sachs is set to report third-quarter earnings — here’s what the Street expects
Goldman's traders tends to outperform other banks during periods of high volatility, which could help the firm in the third quarter.
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Monday, 17 October 2022
Bank of America tops estimates on better-than-expected bond trading, higher interest rates
Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve's rate-boosting campaign.
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Friday, 14 October 2022
Wells Fargo profit falls as bank boosts loan loss reserves; shares rise
Wells Fargo on Friday reported lower quarterly earnings than a year ago as a decision to build up reserves cut into profit.
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JPMorgan Chase tops analysts’ estimates for third-quarter profit on gains from interest income
Investors have dumped bank shares lately, pushing JPMorgan and others to fresh 52-week lows this week, on concern that the Fed will trigger a recession.
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Thursday, 13 October 2022
Domino's reports mixed third-quarter results as U.S. same-store sales increase
Domino's Pizza reported mixed earnings compared to Wall Street expectations.
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Walgreens beats sales expectations, as it expands its health-care business
Walgreens' profit outlook for the new fiscal year is largely in line with Wall Street's expectations.
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Delta forecasts another profit after summer boom drives record revenue
Delta forecast another profit and revenue above 2019 levels for the last three months of the year.
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Wednesday, 12 October 2022
PepsiCo hikes forecast after third-quarter earnings, revenue top expectations
PepsiCo reported earnings Wednesday morning that beat analyst expectations.
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