Earnings

Dark Phoenix Source: Walt Disney Studios “Avengers: Endgame” may have become the highest-grossing film of all time, but Earth’s mightiest heroes weren’t able to boost Disney‘s studio earnings above analyst estimates in the third quarter. In fact, “Dark Phoenix,” a film obtained by Disney during the 20th Century Fox acquisition earlier this year, was the
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Disney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday. The stock fell 3.7% in after-hours trading. Here are the key numbers: Earnings per share: $1.35 vs. $1.75 per share, according to Refinitiv estimates Revenue: $20.25 billion vs. $21.47 billion, per Refinitiv Disney blamed the earnings miss on the ongoing integration of
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Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images Chevron reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a
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Exxon Mobil reported second-quarter results on Friday that beat analyst expectations. Its stock price was down slightly in early trading Friday. Here’s how the energy giant’s results fared relative to Wall Street expectations: Earnings: 73 cents per share vs. 66 cents expected by Refinitiv Revenue: $69.091 billion vs. $65.202 billion expected Upstream income: $3.261 billion
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A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair shares whipsawed Thursday morning after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things such as advertising and customer service skyrocketed.
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General Motors shares are up 2.6% Thursday after second-quarter earnings topped analyst estimates, as sales of more profitable pickup trucks and crossovers offset weaker sales in China. Here’s what GM reported against average analysts’ estimates compiled by Refinitiv: Adjusted EPS: $1.64 vs. $1.44, estimated Revenues: $36.1 billion vs. $35.98 billion, estimated “We had a solid
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Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand, last January. Brent Lewin | Bloomberg | Getty Images Yum Brands reported second-quarter earnings Thursday that beat Wall Street’s expectations, sending its shares up more than 6%. Here’s what the company reported compared with what
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Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 on January 6, 2017 in Las Vegas, Nevada. Ethan Miller | Getty Images Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei. The U.S. chipmaker reported
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Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm reported revenue for its June quarter that was significantly lower than analyst expectations, as well as disappointing guidance for the September quarter on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain
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The Fitbit Ionic has a few apps, with more to come Erin Black | CNBC Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance for the next quarter in its second quarter earnings report. The stock rebounded slightly but was still down more than 11%, which is
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Shares of chipmaker Advanced Micro Devices fell 10.1% Wednesday following its second quarter earnings report. The drop shaved $3.76 billion from AMD’s market cap, bringing it to $32.9 billion. The company met analyst estimates for earnings per share and beat revenue expectations. AMD reported earnings of 8 cents per share and revenue of $1.53 billion, compared
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Gilead Sciences beat Wall Street estimates for second-quarter revenue and profit on Tuesday, driven by higher sales of HIV treatments, and the U.S. drugmaker raised its full-year sales forecast. California-based Gilead said it now expects 2019 sales of $21.6 billion to $22.1 billion in 2019, up from its prior forecast of $21.3 billion to $21.8
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Video game publisher Electronic Arts reported better-than-expected quarterly revenue on Tuesday, riding on the continued success of its battle royale game “Apex Legends”, sending its shares up as much as 5% in extended trading. The company’s live services led by Apex Legends, The Sims 4, and FIFA Ultimate Team spurred growth with net bookings jumping
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Amgen on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts. Amgen also said its experimental cancer drug AMG510 has shown activity in patients with colorectal and appendiceal cancer, helping to boost the company’s shares
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General Electric shares rose Wednesday after second-quarter earnings topped expectations and the battered conglomerate gave a better-than-expected outlook for its industrial cash flow, a key metric watched by investors. GE reported adjusted earnings of 17 cents a share, down 6% from the same quarter last year but above the 12 cents a share anticipated by
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Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
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Apple said on Tuesday that its services business in the fiscal third quarter grew about 13%, reflecting the company’s effort to expand in subscription products as the iPhone sales slow. Revenue in services, which includes the App Stores Apple Care, Apple Pay, iCloud and Apple Music, increased to $11.46 billion from $10.17 billion a year
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Apple reported earnings for its June quarter on Tuesday that were above expectations, and the company’s revenue returned to growth after two straight down quarters. The stock rose more than 4% in after-hours trading. Apple’s guidance was strong and beat analyst expectations, suggesting that demand for Apple products is stabilizing headed into the critical second
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Mastercard on Tuesday beat Wall Street estimates for quarterly profit, as a robust economy encouraged customers to spend more, boosting fee income for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 8.3% to $1.60 trillion in the second quarter. Overall consumer spending, which accounts for more
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Beyond Meat shares fell sharply in extended trading Monday on news the company would embark on a secondary offering of 3.25 million shares only three months after its IPO. That report followed the release of mixed second-quarter results and a raised 2019 revenue forecast. Shares of the company fell more than 13% in extended trading,
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Twitter posted earnings that beat analyst estimates on the top and bottom lines Friday, helping to boost share prices by 8.9%. The rally added more than $2.6 billion to Twitter’s market cap, bringing it to $31.9 billion. Here are the key numbers Twitter reported for its second quarter of 2019: Earnings per share: 20 cents,
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