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
Month: July 2020
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
Chevron on Friday reported an $8.3 billion loss in the second quarter as the coronavirus “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids fell more than 60% year over year. The oil giant lost $1.59 per share on an adjusted basis, while
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
Under Armour‘s second-quarter results were better than the retailer was expecting thanks to an e-commerce boost, but the company warned pressures from the coronavirus pandemic will continue to squeeze its results in the second half of the year. The company’s stock initially soared over 13% in premarket trading when the earnings results were first released.
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
Amazon, Facebook, and Apple are only among the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one
Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020. Washington Alves | Reuters Fiat Chrysler said Friday it lost $1.24 billion (1.05 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its
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
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
Throughout the Covid-19 crisis, White House coronavirus advisor Dr. Anthony Fauci has become a household name and the unofficial face of fighting the pandemic. And now he has his own trading card. The president of the National Institute of Allergy and Infectious Diseases threw the first ceremonial pitch for Major League Baseball’s 2020 season on
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):
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.
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
A lab technician visually inspects a filled vial of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California. Gilead Sciences | via REUTERS Gilead Sciences‘ sales fell 10% in the second quarter from a year earlier as the coronavirus pandemic weakened demand for some of its drugs, including
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
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
High end luxury stores and businesses on Rodeo Drive in the Beverly Hills shopping district of Los Angeles California USA. Rodeo drive is a famous high-end shopping street featuring a variety of renowned designer shops, hotels & restaurants. Beverly Hills is a city in California’s Los Angeles County and home to many Hollywood movie stars.
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,
Yum Brands on Thursday reported that global same-store sales fell 15% in the fiscal second quarter, led by plummeting sales across the KFC brand, but the company said sales have begun to stabilize in its open locations. Store closures peaked in early April, CEO David Gibbs said on a conference call with analysts to discuss earnings, adding
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
Procter & Gamble on Thursday reported strong quarterly revenue growth as consumers stuck at home bought more Tide laundry detergent and Mr. Clean products. Even as lockdowns ease and consumers resume past behaviors, the consumer packaged goods giant expects to see higher demand for its products in fiscal 2021. Shares of the company rose 1.5%
Many travelers are familiar with UNESCO’s World Heritage List, which include both cultural and natural sites deemed to “be of outstanding universal value” by the U.N. agency. Less is known about the organization’s List of World Heritage in Danger. This list designates 53 World Heritage sites under threat of “serious and specific dangers” due to
General Motors lost $806 million and burned through billions of dollars of cash in the second quarter in what is expected to be the worst three months of the year for the auto industry as the coronavirus pandemic shuttered factories and devastated sales. GM’s results released Wednesday reflected a 34% drop in U.S. vehicle sales, which
This four-bedroom home in Truckee, CA., near Lake Tahoe, went on the market for $1.65 million and sold less than 24-hours later for $2 million. Overall and Hamilton Lake Tahoe real estate is getting snapped up at a record pace, as San Francisco tech workers flee the city in search of more space and a
As Jeff Bezos defends Amazon‘s largess in front of the U.S. House Committee on the Judiciary on Wednesday (“Just like the world needs small companies, it also needs large ones,” his prepared remarks read), his ex-wife MacKenzie Scott has announced an update on her own efforts to dismantle the mountain of money and privilege on which
Federal prosecutors are accusing a 29-year-old small business owner in Miami of spending some of the nearly $4 million in coronavirus relief aid he received from the government on a six-figure sports car, expensive jewelry and stays at luxury resorts. Federal officials arrested the man, David T. Hines, on Monday, charging him in Miami Federal
Boeing said Wednesday it plans to cut aircraft production and warned about the possibility of further reductions in its workforce as the impact of the coronavirus pandemic ravages demand for air travel. Boeing shares tumbled more than 3% on Wednesday and have lost more than half their value over the past year. The pandemic has driven
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
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
- 1
- 2
- 3
- …
- 5
- Next Page »