Month: July 2020

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and
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Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Exxon said on Friday that it lost $1.1 billion during the second quarter amid “global oversupply and COVID-related demand impacts.” It was the oil giant’s second straight quarter of
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In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
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A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department in Provo, Utah. George Frey | Getty Images Pharmaceutical giant Merck on Friday beat Wall Street expectations in the second quarter and raised its overall earnings guidance for the
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Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in
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Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Ford Motor performed far better than Wall Street expected during the second quarter, even beating its own expectations as the coronavirus caused rolling shutdowns of its plants across the globe. The company
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Facebook reported its slowest revenue growth since its 2012 IPO, but still blew past analysts’ estimates. Its stock rose more than 6% in extended trading, positioning it to hit a record on Friday. Here’s what Facebook reported: Earnings: $1.80 vs. $1.39 per share forecast by Refinitv Revenue: $18.7 billion vs. $17.4 billion forecast by Refinitiv Daily active users (DAUs): 
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Google parent-company Alphabet beat expectations for its second quarter earnings Thursday, but marked its first revenue decline in company history as the coronavirus pandemic slowed economic growth and advertisers pulled back spending during the quarter. The company’s stock barely moved after hours. Here’s how it did against Refinitiv consensus estimates:  EPS: $10.13 (non-GAAP), vs. $8.21 estimated. Revenue: $38.30 billion vs.
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Amazon reported blowout second-quarter results on Thursday, including a huge beat on the top line and double-digit revenue growth year-over-year, helped by surging sales amid the coronavirus pandemic. The stock climbed about 5.3% after hours. Here’s how the company did:  Earnings: $10.30 per share vs. $1.46 expected, according to analysts surveyed by Refinitiv Revenue: $88.91 billion vs. $81.56
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Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share already owned at the end of August as
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A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell:  Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s
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Comcast reported its second-quarter earnings before the bell on Thursday, beating analyst estimates on the top and bottom lines. It’s the first earnings report since Comcast’s NBCUniversal launched its new ad-supported streaming service, Peacock, and the first to reflect the full extent of the pandemic on Comcast’s business. Shares of Comcast, parent company of CNBC,
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Dunkin’ Brands Pretzel Croissant Breakfast Sandwich Source: Dunkin’ Brands Dunkin’ Brands said Thursday second-quarter revenue fell 20% as fewer customers stopped by its stores on the way to work due to the coronavirus pandemic. However, customers, often stopping in with their families, are spending more per visit when they do arrive. The company also said it expects
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Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric on Wednesday reported a revenue figure for the second quarter that slightly beat analyst expectations. However, the industrial giant’s bottom line took a bigger-than-expected hit as the company tries to weather the coronavirus pandemic.  Here’s how the company’s results compared with analyst expectations: Revenue:  $17.7
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Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results. Here’s how the company did:  Earnings: 13 cents per share, adjusted, vs. 16 cents per share as
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