Customers shop at the CVS Pharmacy, on Morrissey Boulevard, in Dorchester, on April 2, 2020. Some pharmacy workers worry about unsafe conditions at their stores. Pat Greenhouse | Boston Globe | Getty Images CVS Health on Wednesday reported a strong second quarter and raised its outlook for the year, saying it is better positioned to weather the

A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue as the company pursues one of the nation’s leading vaccine candidates to fight Covid-19. Revenue jumped to $66.4 million during the

Disney reported mixed earnings for its fiscal third quarter on Tuesday, but the stock rose 5% in extended trading after CEO Bob Chapek announced a new streaming service and said Disney+ subscribers will get exclusive access to the release of “Mulan,” which has been repeatedly delayed due to theater closures. Disney continues to feel the

Strauss Zelnick, CEO of Take Two Interactive. Adam Jeffery | CNBC Take-Two Interactive Software on Monday raised its fiscal year adjusted sales forecast after beating quarterly estimates on demand for its videogame franchises “Grand Theft Auto” and “NBA 2K” from people stuck at home due to lockdowns. The company’s shares rose about 7% in after-market

A man exits the American International Building, world headquarters of American International Group (AIG). Chris Hondros | Getty Images Insurer American International Group on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell to $571 million

Clorox named its president and longtime executive, Linda Rendle, as chief executive officer on Monday as it beat estimates for quarterly results on the back of rising spending on disinfectant and other cleaning products due to the Covid-19 pandemic. Sales of makers of hygiene products, including Procter & Gamble and England’s Reckitt Benckiser, have seen a

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

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

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

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

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

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

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

A Starbucks Coffee in Harlem is closed, as retail sales suffer record drop during the outbreak of the coronavirus disease (COVID-19) in New York, April 15, 2020. Bryan Smith | Reuters Starbucks swung to a loss during its fiscal third quarter as its same-store sales plunged 40% in the wake of the coronavirus pandemic.  But the

A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | Getty Images JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery

The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Store closures, product shortages and lower retail inventory hampered Hasbro in its fiscal second quarter, as the company dealt with the fallout of the global coronavirus pandemic. Despite strong demand for toys in the quarter, Hasbro’s revenue fell

Intel shares fell as much as 10% in extended trading on Thursday after the company reported better-than-expected second-quarter earnings and said next-generation chips would come out later than it had expected.  Here’s how the company did: Earnings: $1.23 per share, adjusted, vs. $1.11 per share as expected by analysts, according to Refinitiv. Revenue: $19.73 billion,

Pedestrians walk outside an E*Trade Financial office in New York, U.S. Daniel Acker | Bloomberg | Getty Images E-Trade’s trading activity and new accounts surged in the second quarter amid a boom in retail investing that started during the coronavirus market turmoil.  The broker — slated to be acquired by Morgan Stanley in the second half

Twitter reported second-quarter earnings Thursday that missed analyst expectations on revenue and beat on active users. Twitter said it saw “moderate recovery” to its ad business compared with March, but ad revenue was still down 23% year over year. Twitter’s stock rose 4.1% Thursday following the report. Here are the key numbers: Loss per share: