Credit card issuer American Express beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers. Customer spending rose 7% in the United States, the company’s biggest market, and 5% globally in the second quarter. U.S. consumer spending increased in May and April. Debit and credit card purchase volumes

Philip Morris International beat second-quarter earnings and revenue estimates and hiked its full-year forecast Thursday as its new tobacco products gained momentum, sending shares of the company up more than 9%. PMI sells Marlboro cigarettes and other brands around the globe. The tobacco giant is trying to pivot away from cigarettes and toward new products,

James Gorman, chief executive of Morgan Stanley. Qilai Shen | Bloomberg | Getty Images Morgan Stanley on Thursday beat analysts’ estimates for second-quarter profit as a buoyant stock market helped two of the investment bank’s three main businesses. The bank posted earnings of $2.2 billion, or $1.23 a share, exceeding the $1.14 estimate of analysts

UnitedHealthcare office Michael Nagle | Bloomberg | Getty Images UnitedHealth beat estimates for quarterly profit and raised its 2019 earnings forecast on Thursday, buoyed by strength in the largest U.S. health insurer’s pharmacy benefits management business and its insurance plans. The company is the first health insurer to report quarterly results after the Trump administration

Bank of America on Wednesday posted profit that exceeded analysts’ expectations on strength in its sprawling retail bank. The lender said it generated $7.3 billion in second-quarter profit, an 8% increase from a year earlier, or 74 cents a share, compared with the 71 cent estimate of analysts surveyed by Refinitiv. It reported revenue of

Strong travel demand pushed United Airlines Holdings second-quarter profit up more than 50% from a year ago, despite continued challenges from the grounding of the Boeing 737 Max. United did not break out how the grounding, now in its fifth month, affected its bottom line but said it signed an agreement to buy 19 used

The Domino’s Pizza company logo is displayed on the jacket of delivery driver in London, U.K., on February 27, 2017. Jason Alden | Bloomberg | Getty Images Domino’s stock fell Tuesday after the pizza chain reported weaker same-store sales growth as it expands its store base and grapples with the threat of third-party delivery. Share

Wells Fargo shares fell on Tuesday despite beating profit forecasts as investors punished lower net interest income than hoped and comments from management that expenses could remain on the higher end of projections into 2020. The bank said its net income was $6.2 billion in the second quarter, up from $5.9 billion in the first

Johnson & Johnson shares fell 1% Tuesday despite the company posting a 42% profit spike as concerns about lawsuits the company faces regarding its talc-based baby powder and its alleged role in the opioid crisis weighed on investors. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by

David Solomon, Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs beat Wall Street’s expectations for second-quarter results Tuesday with outperformance in its investment banking and trading division. Here’s how the company did compared with what Wall Street expected: Earnings: $5.81 per share vs. $4.89 per share forecast by Refinitiv Revenue: $9.46 billion

Citigroup on Monday beat analysts’ expectations for second-quarter profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Excluding the impact of the IPO, the bank would have

U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected

A sales consultant with Illumina displays a flow cell at a symposium in La Jolla, California. Sam Hodgson | Reuters Shares of Illumina dropped more than 16% in extended trading after the genetics company slashed its full-year guidance and previewed disappointing second-quarter revenue. Illumina said it expects to report a second quarter revenue of approximately

Economic forecaster Lakshman Achuthan has a warning for investors: Brace for earnings to go negative. According to the Economic Cycle Research Institute co-founder, the global slowdown is unleashing major challenges for U.S. corporations. Achuthan turns to a chart of S&P 500 earnings growth to build his case. “Every time you have a cyclical slowdown in

Delivery trucks sit parked at loading docks outside the Fastenal Co. distribution center in Jessup, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images For those who don’t see the trade war with China hurting U.S. business, a big industrial with a $17 billion market value just sounded the alarm on tariffs costs and related inflation.

SOPA Images | LightRocket | Getty Images Delta Air Lines shares rose Thursday after the Atlanta-based carrier raised its profit forecast for the year as travel demand continues to climb, particularly for its premium-class cabins. Its CEO said the airline is also benefiting from the grounding of competitors’ Boeing 737 Max planes. Delta expects to

Levi Strauss said on Tuesday its sales growth would slow in the second half of the year due to weakness in its wholesale business and as it wraps up its fiscal year just ahead of Black Friday, sending its shares down 6% on Tuesday. The company forecast full-year net revenue growth at the high end

PepsiCo shares rose slightly Tuesday after the company’s second-quarter earnings topped estimates. Healthier snacks and sparkling water helped fuel sales growth and offset a drag from foreign exchange. Shares of the company, which has a market value of $185.8 billion, jumped less than 1% in premarket trading, but are up 20% so far this year.

American Airlines Group Inc. Boeing Co. 737 Max planes sit parked outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Patrick T. Fallon | Bloomberg | Getty Images U.S. airlines will detail for investors this month how the worldwide grounding of the Boeing 737 Max — now about

Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, California. David McNew | AFP | Getty Images Tesla shares surged on Wednesday after what Barclays’ called the company’s “impressive” record quarterly deliveries number, but Wall Street analysts largely remain cautious, focused on the upcoming second-quarter earnings

Nike sold more sneakers and sports gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion. Its earnings released Thursday, however, missed analysts’ expectations by a few pennies a share, and the stock initially fell by more than 4% in after-hours trading before rebounding.

A pedestrian crosses the street in front of a Rite Aid Corp. store in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Shares of Rite Aid swung wildly Thursday following disappointing quarterly earnings results and news of a deal with Amazon that gave investors hope for a turnaround. Rite Aid’s stock slid

NEW YORK, NY – APRIL 24: Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, April 24, 2019 in New York City. U.S. stocks started the trading day mixed, following Tuesday’s closing record highs for the S&P 500 and Nasdaq. Drew Angerer | Getty Images

Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday beat fiscal third-quarter earnings estimates as higher prescription drug sales helped the company regain its footing after CEO Stefano Pessina dubbed last quarter “the most difficult” since the company was formed. Walgreens reported adjusted

General Mills Cereal boxes Joe Raedle | Getty Images Shares of General Mills tumbled Wednesday after the Cheerios maker’s quarterly revenue fell short of analysts’ estimates as fewer Americans eat its snack foods. The company’s stock, which has a market value of $29.6 billion, fell by 8% during morning trading. Net sales for General Mills’

Frederick Smith, CEO of FedEx. Adam Jeffery | CNBC FedEx CEO and Chairman Frederick Smith said on Tuesday the company’s lawsuit against the Department of Commerce is “separate and distinct” from recent shipping incidents involving Chinese technology company Huawei. The shipping company sued the Department of Commerce on Monday, saying that regulations requiring companies to

Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose as much as 10% after-hours Tuesday after the company beat analysts’ expectations for the third quarter of its 2019 fiscal year, which ended on May 30. Here are the key numbers: Earnings: $1.05 per share, excluding certain items,

Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder’s sales got a boost from lower interest rates for mortgages, sending its shares up 4% before the opening bell. Several years of rising rates had put a brake on parts of the U.S. housing market in 2018. But a moderation in

The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit. As profit reports just start to trickle in, the expectations are getting worse. Forecasters already were indicating negative earnings growth for the second quarter, but the outlook also has swung into red numbers for the third quarter, according

The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Carnival cut its profit forecast for the year on Thursday due to the Trump administration’s sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships. Shares