Earnings

UnitedHealth shares jumped 1.2 percent Tuesday after it reported fourth-quarter earnings that beat Wall Street’s expectations, helped by growth in its services business. Here’s UnitedHealth’s results vs. what Wall Street expected: Earnings: $3.28 per share vs. $3.21 per share, forecast by Refinitiv. Revenue: $58.42 billion vs. $58.01 billion, forecast by Refinitiv. Revenue from Optum, which
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David Paul Morris | Bloomberg | Getty Images Tim Sloan, president and chief executive officer of Wells Fargo & Co. Revenue in consumer and small-business banking fell 2 percent, to $11.5 billion, primarily because of lower mortgage banking income and decreased market-sensitive revenue, partially offset by gains from the sale of branches and certain mortgage
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Daniel Acker | Bloomberg | Getty Images Shoppers enter a Kohl’s store in Peoria, Illinois. Kohl’s on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. The retailer said sales at its stores and website operating for at least 12 months, on a shifted basis, rose 1.2
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Fourth-quarter reporting season, with major banks releasing numbers next week, will also serve as an important transition period between 2018’s strong double-digit profit growth and 2019’s much slower single-digit pace. Earnings are expected to be strong, up 14.7 percent in the fourth quarter, but corporate executives will be discussing the activity in the current quarter,
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“I think that puts a lot of pressure on China to make a deal,” Hassett told CNN. “Their economy, for them, you might call a ‘recession.’ It’s slowing down in a way that they haven’t seen in a decade.” The rare warning from Apple, which sparked concerns about the Chinese economy and growth prospects worldwide,
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Jussi Nukari | AFP | Getty Images People enter an Accenture office in downtown Helsinki, Finland. Accenture reported a 7.4 percent rise in quarterly revenue on Thursday, as it reaped the benefit of its investments in digital and cloud services. Net income attributable to the consulting and outsourcing services provider rose to $1.28 billion, or
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Walgreens Boots Alliance announced plans on Thursday to its cut annual costs by $1 billion within three years and reported first-quarter results that beat Wall Street’s estimates. The results also showed sales are struggling in Britain, one of its largest markets, and the stock dropped 3 percent Thursday morning. Walgreens shares are down more than
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Matthew Staver | Bloomberg | Getty Images The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Micron Technology shares dropped more than 6 percent during after hours trading Tuesday after the company missed revenue expectations in its quarterly earnings. The company reported $7.91 billion, missing revenue estimates of $8.02 billion. However, it
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Daniel Becerril | AP Employees work at the assembly line of International brand commercial trucks, owned by Navistar, at the manufacturing plant in Escobedo, on the outskirts of Monterrey, Mexico, June 29, 2017. Truck maker Navistar reported better-than-expected quarterly profit and revenue on Tuesday, as strong freight demand helped drive sales of its high-margin heavy-duty
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Toll Brothers beat top and bottom line estimates for its fourth-quarter earnings report. Two of the homebuilder’s key metrics, deliveries and backlog, were at the highest levels in more than a decade. However, first quarter guidance from Toll Brothers was weaker than expected, with a deliveries range that was markedly below Wall Street’s expectation, according
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David Paul Morris | Bloomberg | Getty Images Contractors secure a wall section on a home under construction at the Toll Brothers Cantera at Gale Ranch housing development in San Ramon, Calif. U.S. luxury home builder Toll Brothers on Tuesday reported a fall in fourth-quarter orders, as demand was hurt by rising interest rates and
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Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts’ estimates. The company’s shares, which have fallen about 14 percent this year, rose 5 percent in extended trading. Box ended its third quarter with more than 90,000 paying customers, up from 87,000 in the
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Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger or been in a better position, and the reason why is every company that we’re dealing with
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A boost in construction equipment sales drove profit higher for Deere in the fourth quarter, but the results fell short of Wall Street expectations and pulled on shares before the opening bell Wednesday. The maker of agricultural and construction equipment reported a 46 percent boost in profit, to $784.8 million, or $2.42 per share. Earnings,
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