Friday, 28 October 2022

Intel announces up to $10 billion in cost reductions through 2025

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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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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