American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
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The Hudson River Valley has long attracted city dwellers trying to escape New York. The beautiful region — an 150-mile stretch from the northern tip of Manhattan to Albany — features abundant forests, fertile farmlands and dramatic views of the pristine Hudson River. Hudson Valley is popular in the autumn, but the winter — shown
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Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares jumped as much as 7% in extended trading on Thursday after the chipmaker reported better-than-expected fourth-quarter earnings, extending a rally that’s pushed the stock to its highest since the
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An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines fourth-quarter earnings and revenue came in slightly above analyst estimates, despite complications from the grounding of the Boeing 737 Max. The Fort Worth,Texas-based carrier on Thursday posted net income of $414 million for the last three months of 2019, up
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A display of Procter & Gamble’s Pampers diapers are seen on sale in Denver. Rick Wilking | Reuters Procter & Gamble on Thursday reported quarterly revenue that fell short of estimates for the first time in five quarters, hurt by a stronger dollar and a struggling baby segment, which includes Pampers diapers. But the consumer
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Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up more than 2.2% in premarket trading. Here are the key numbers: Earnings per share: 79 cents vs.
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A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Texas Instruments forecast first-quarter revenue above market expectations on Wednesday on signs of stable demand for microchips, indicating that a prolonged slowdown in the semiconductor
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Franco-Italian chipmaker STMicroelectronics’ fourth-quarter results beat analysts’ estimates on Thursday as demand for chips dedicated to the next generation of smartphones and low-emission cars helped offset a slowdown in more traditional products. STMicro’s results reflect a wider industry move towards more sophisticated semiconductors within the telecoms, auto, and manufacturing sectors, as equipment makers gear up
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A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
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Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson‘s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $1.88 versus
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“We have contact,” revealed the ranger to the seven wildlife enthusiasts standing at the foot of Mount Sabyinyo, an extinct volcano in the Rwandan Virunga Mountains. An excited murmur spread through the group as they stood waiting in the morning sun. “Let’s go,” said a porter, as he climbed over the stone fence. The tourists
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Shares of Netflix climbed as much as 2.3% in after-hours trading on Tuesday after the company reported fourth-quarter results. The company beat on the top and bottom lines for the quarter, but gave disappointing guidance for the first quarter. Here are the key numbers: Earnings per share: $1.30 per share, however that’s not comparable to
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IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images IBM will release its fourth-quarter earnings statement after market close on Tuesday. Here’s what the street expects: Earnings:
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U.S. oilfield services firm Halliburton on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, as well as workforce reductions, the company said. It dismissed 8% of its North American
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The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon missed analysts’ estimates for quarterly profit on Thursday, as the world’s largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve. Big U.S. banks that reported results earlier
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James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to
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Goldman Sachs on Wednesday beat analysts’ estimates for revenue, but quarterly profit was marred by a $1.1 billion litigation charge. The New York-based bank posted quarterly revenue of $9.96 billion, a 23% increase and more than $1 billion higher than the $8.51 billion expected by analysts. But quarterly profit was stung by the litigation charge,
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Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion. A rally in global
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