Issues with Google Cloud Platform hit several major websites and apps on Tuesday. Users reported issues with websites with Google domains, like Breitbart and Drudge Report, as well as apps hosted on the Google Cloud Platform, including Snapchat, Discord and Spotify. @snapchatsupport tweet: Many Snapchatters are having trouble using the app as well as our

Goldman Sachs said profit surged 40 percent to $2.57 billion, exceeding analysts’ estimates on better-than-expected revenue from every major business with the exception of trading. The stock slipped as the company said legal and regulatory costs increased. Earnings of $5.98 per share beat the $4.66 estimate of analysts surveyed by Thomson Reuters. Company-wide revenue rose

Financials haven’t had a good month. The sector has fallen by more than 1 percent in three of the past five weeks and sunk to the bottom of the S&P 500 for the past 30 trading days. One strategist is betting on a big bank comeback into year-end. “It’s going take just a little bit

The Bank of America cost-cutting machine hummed along for another quarter. The second-biggest U.S. lender said that second-quarter profit surged 33 percent to $6.8 billion, exceeding the $5.92 billion estimate of analysts surveyed by FactSet. Executives said it was the 14th straight quarter the company posted positive operating leverage, or increased profit by turning levers

BlackRock, the largest asset manager in the world, on Monday reported second-quarter earnings and revenue that surpassed analyst expectations. The company also reported, however, a slowdown in inflows amid increasing market uncertainty. Here is how the company’s results fared compared with Wall Street estimates: Earnings: Adjusted $6.66 per share, vs $6.55 expected by Thomson Reuters

Shares of PNC Financial Services rose nearly 2 percent in premarket trading Friday after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared to $4.25 billion expected. PNC

The bank has been under pressure for several quarters because of multiple probes into its sales practices. Two years ago, the scandal burst into the public eye when it was disclosed that retail bank employees had created fake accounts in customers’ names to meet sales targets. Sales issues later emerged in other businesses, such as

Q1: up 8.4 percent Q2 (est.): up 8.1 percent Q3 (est.): up 7.9 percent Q4 (est.): up 6.0 percent Source: FactSet That 8.1 percent estimated increase in second quarter revenue means that the majority of the pretax profit is coming from revenue growth, not cost cutting or productivity gains. 3. You will hear more about

Still, CEO Michael Corbat said in a statement that Citigroup “drove strong year-over-year revenue growth in many of our businesses – including our International Consumer franchise, Treasury and Trade Solutions, Equities, and the Private Bank. And we continue to support our clients as evidenced by solid loan growth that was balanced across businesses and geographies.”

J.P. Morgan Chase, the biggest U.S. lender by assets, posted record second-quarter profit of $8.32 billion, exceeding estimates as it posted stronger-than-expected trading results. Profit surged 18 percent, clobbering analyst estimates for a 9.4 percent increase. Earnings per share were $2.29 in the quarter, beating the $2.22 estimate. It was the 14th straight quarter that

Delta Air Lines expects pricier fuel to eat into its bottom line this year. Delta cut its 2018 profit outlook on Thursday as it prepares to slow its growth this fall. It expects filling up its planes with fuel will cost it $2 billion more this year compared with 2017. Jet-fuel prices are up about

Shares of American Airlines tumbled more than 5 percent Wednesday after the world’s largest carrier trimmed its outlook for second-quarter revenue growth. Revenue for each seat it flies a mile, a key revenue metric, likely grew 1 percent to 3 percent in the three months ended in June, down from a previous forecast of 1.5

Three of the big Wall Street banks report quarterly earnings at the tail end of this week. For investors looking ahead to Citigroup, Wells Fargo and J.P. Morgan Chase earnings on Friday morning, the options market appears to be saying, “Nothing to see here.” Stacey Gilbert, head of derivative strategy at Susquehanna, explained Tuesday on

The big banks are first up to bat this second-quarter earnings season, but only one stock’s technicals look positive heading into their report. Wells Fargo has the potential for a post-earnings breakout, according to Instinet senior equity trader Frank Cappelleri. “Wells Fargo got hit especially hard” earlier this year, Cappelleri, senior equity trader at Instinet,

Tech stocks are heading into the earnings season with a 14 percent gain for the year, the best out of all S&P 500 sectors, as investors continue to load up on large-cap tech names such as Facebook, Alphabet and Apple. These stocks are all up more than 10 percent in 2018. Financials, meanwhile, are down

PepsiCo‘s quarterly numbers Tuesday morning may be a signal for another strong earnings seasons, according to CNBC’s Jim Cramer. “They reported exactly what the bulls wanted,” said Cramer, whose charitable trust owns shares of the New York-based food and beverage company. Pepsi’s stock rose Tuesday after the company reported fiscal second-quarter earnings that beat Wall

Financial stocks may be underperforming this year, but veteran bank analyst Dick Bove isn’t retreating into the bear camp. According to the chief strategist at Hilton Capital Management on CNBC’s “Trading Nation” on Monday, second-quarter earnings should shock financials back into rally mode. It could happen as early as this Friday, when J.P. Morgan Chase

Investors aren’t buying into Nordstrom‘s plan to become the “best fashion retailer in a digital world” over the next five years. The Seattle-based company laid out an ambitious new digital strategy in a press release ahead of a meeting with analysts in Los Angeles on Tuesday, projecting earnings before interest and taxes to grow 5

The last earnings season was all about raising expectations for earnings on the back of corporate tax cuts, share buybacks, and a synchronous global economic expansion. A lot has changed in the last three months, according to Nick Raich of Earnings Scout. “Last earnings season it was all about raising estimates. This earnings season, all

PepsiCo reported fiscal second-quarter earnings on Tuesday that beat analysts’ expectations as sales of Cheetos and other salty snacks continued to offset its slumping soft drinks business. Pepsi’s North American beverage business has been struggling to contend with increased competition from upstart brands and changing consumer tastes. CEO Indra Nooyi last quarter placed the blame

Bullish Wall Street watcher Bill Stone sees a strong earnings season ahead, with energy and technology stocks grabbing the biggest profits. In a recent interview, PNC’s former global chief investment strategist cited strong economic fundamentals as a major catalyst for blowout numbers. “From an earnings standpoint, energy probably will grow earnings about 130 percent, and

As CNBC’s Jim Cramer sees it, the stock market is in the middle of a full-fledged stand-off between the bulls and the bears. The bulls got a win with Friday morning’s jobs report from the U.S. Labor Department that said the country added 213,000 non-farm jobs in June. Stocks rose after the report was issued.

Nike on Thursday reported earnings and sales that topped analysts’ expectations for the fiscal fourth quarter and announced a new, four-year $15 billion share repurchase program. The company said it saw a “return to growth in North America,” which has lately been a sluggish spot for sales following a handful of retail bankruptcies. Revenues, meanwhile,

Daniel Acker | Bloomberg | Getty Images General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois. Cheerios cereal maker General Mills on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve its distribution network paid off. Gross margins of the company, which is

Lennar reported a 45 percent rise in second-quarter profit on Tuesday, helped by strong housing demand amid an expanding economy and job growth. The U.S. home builder’s shares rose nearly 8 percent in premarket trading. Orders, an indication of future revenue for homebuilders, jumped 62.3 percent to 14,440 homes in the quarter. The Miami-based builder

Luke Sharrett | Bloomberg | Getty Images Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky. CarMax shares rose to an all-time high on Friday after the company reported quarterly earnings that beat expectations. The stock closed up 12.86 percent, posting its best day since June 24, 2014. The used-car company reported

Patrick T. Fallon | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd. Canadian software maker BlackBerry on Friday reported quarterly revenue and profit that topped analysts’ estimates, driven by strong growth in its high-margin software and services business. U.S.-listed shares of BlackBerry rose 2.6 percent to $11.89 in premarket trading. The

Red Hat stock fell after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance on Thursday. The stock fell more than 14 percent in Friday trading, in its worst day since 2006. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, vs. 69

Daniel Acker | Bloomberg | Getty Images An employee stocks Greek yogurt in a Kroger supermarket in Peoria, Illinois. Kroger shares soared Thursday on strong earnings, which were boosted by the company’s online investments and delivery services. The stock closed with shares up 9.74 percent, having had its best day since Mar. 10, 2009. The

A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank’s strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns. “The US economy