Earnings

Ford beat Wall Street expectations Thursday, driven in large part by cost reductions and strong sales in North America. The company said it has been cost cutting across several departments. Costs were also comparably lower this quarter because Ford suffered a massive recall of its vehicles this time last year. Last year Ford had to
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Adjusted EPS: $1.42 vs. $1.40 expected in a Thomson Reuters survey of analysts. Revenue: $10.88 billion, in line with estimates. The airline, like its competitors, faced climbing fuel costs and an onslaught of powerful storms that hit some of its key airports, including its Miami hub. The airline said it canceled some 8,000 flights due
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U.S. drugstore company Walgreens Boots Alliance’s profit and revenue beat analysts’ estimates in the fourth quarter, as it benefited from an expansion of mail services. Shares of the company rose 4.3 percent to $70.15 in premarket trading on Wednesday after Walgreens also forecast 2018 earnings largely above Wall Street forecasts. Walgreens said it expects 2018
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The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed
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“This quarter was undoubtedly worse than expected, with an industrial result that was worse than what we saw in March 2007, preceding the financial crisis,” J.P. Morgan analyst Stephen Tusa wrote in a note Friday. The firm says GE’s businesses “are impaired,” citing the continued generation of “essentially zero” free cash flow. J.P. Morgan does
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It’s the first time that wearables have been mentioned in a Verizon conference call in the past five years, according to FactSet, and the first time that wearables have been a category big enough to mention in a Verizon earnings release. The “other devices” category also includes MiFi devices, for instance, a spokesperson said. But
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PayPal posted a strong earnings report Thursday as Venmo payment volume nearly doubled year over year. Here’s how the company did compared with what Wall Street expected: EPS: 46 cents vs. 43 cents expected, according to Thomson Reuters Revenue: $3.24 billion vs. $3.18 billion expected, according to Thomson Reuters In the year-ago quarter, PayPal reported
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Cellphone service providers have seen expectations shift over the past few years. Phones used to be subsidized on two-year contracts, but most major American carriers have moved toward monthly payment plans as phone costs rise: The latest flagship phone from Apple, the iPhone X, is nearly $1,000. Seventy-eight percent of Verizon’s postpaid phone base has
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Timothy Fadek | Bloomberg | Getty Images Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey. United Continental, the parent company of United Airlines, is set to report quarterly earnings and revenue after the bell on Wednesday. Here’s how Wall Street expects
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UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance
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Johnson & Johnson reported a higher-than-expected quarterly profit and raised its full-year forecast as the company gained from strong sales of its new cancer drugs. Shares of J&J, part of the Dow Jones industrial average, were up 1.3 percent in premarket trading on Tuesday. Higher demand for its blood cancer drugs, Darzalex and Imbruvica, and
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CSX, the third-largest U.S. railroad operator, reported a slight rise in quarterly net profit on par with analyst expectations on Tuesday, as coal and consumer goods shipments and higher freight rates lifted its revenue 1 percent. The results sent CSX shares up 1 percent at $53.76 in morning trading, though analysts saw possible future headwinds
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Morgan Stanley reported third-quarter earnings Tuesday that topped expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms such as JPMorgan. The bank reported: Earnings per share of 93 cents versus 81 cents projected by analysts polled by Reuters. Revenue
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Netflix continues to grow, adding 5.3 million net subscribers this past quarter. And it’s willing to spend the money to continue that trajectory, with a new content budget of between $7 billion to $8 billion for next year. The figure is up from the $7 billion figure chief operating officer Ted Sarandos previously said to
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