Earnings

Restaurant Brands International’s first-quarter profit topped analysts’ estimates on Tuesday, vindicating the company’s strategy of cheaper meals and more breakfast options at the Burger King chain. The company, which is striving to better compete with McDonald’s and Yum Brands’ KFC, said same-store sales at Burger King rose 3.8 percent in the three months ended March
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Drug developer Biogen reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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Christopher Goodney | Bloomberg | Getty Images Darius Adamczyk, chief executive officer of Honeywell International Inc. Honeywell reported a higher-than-expected profit for the first quarter on Friday and lifted its full-year earnings forecast for the second time this year, citing higher sales in its aerospace business. Industrial conglomerate Honeywell, which makes everything from jet engines
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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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General Electric reported first-quarter earnings Friday that outpaced Wall Street expectations and reaffirmed its financial outlook for the year. Shares of GE rose as high as 7 percent in early trading, before sliding to trade 3 percent up on the day. Earnings in the latest period were fueled by strong performance by the company’s aviation,
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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Bank of New York Mellon reported a better-than-expected first-quarter profit on Thursday, as surging equity markets and a weaker dollar helped drive double-digit growth in its assets servicing and management businesses. Shares of the world’s largest custodian bank rose 3.3 percent at $54 in premarket trading. Asset servicing revenue surged 13 percent to $1.52 billion,
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Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations. Here’s how the company did compared with what Wall Street expected: EPS: 0.77 vs. 0.70 cents. Revenue: $3.09 billion vs. $3.08 billion. In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting global
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AmEx has spent heavily on rewards to lure customers as it faces more competition from banks like J.P. Morgan Chase and Citigroup. Here are the results: —EPS: $1.86, compared to an estimate of $1.71 from Thomson Reuters —Revenue: $9.72 billion, compared to an estimate of $9.46 billion, according to Thomson Reuters In January, former CEO
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Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches. The diversified health-care company reported net earnings of $418 million, or 23 cents per
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Johnson & Johnson topped Wall Street’s first-quarter earnings and revenue expectations, fueled by strong pharmaceutical growth. Shares of J&J rose about 1 percent in premarket trade. Here’s how the company did compared with what Wall Street analysts polled by Thomson Reuters expected: – Earnings: $2.06 per share vs. $2.02 per share expected.– Revenue: $20 billion
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Netflix has relied on international growth and heavy investments in original content to drive subscriptions — and Monday’s results provided an update on their effectiveness. Netflix’s addition of more than 7.4 million international subscribers set a new record, marking growth of 50 percent from a year ago. Chief content officer Ted Sarandos said Netflix has
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UnitedHealth: After speaking with its CEO, Cramer regards UnitedHealth as a “great” company with a multiyear trajectory and “an incredibly consistent track record of surprising Wall Street with good numbers.” “If you can get it in the teens, where my charitable trust did recently, I think that’s a terrific price,” he said in anticipation of
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Citigroup shares opened 1.4 percent higher on Friday. “Our first quarter results demonstrate strength and balance across our franchise and position us well for the rest of the year,” CEO Michael Corbat said in a statement. “During the quarter, we returned more than $3 billion in capital to common shareholders which helped drive a significant
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The company said its first-quarter earnings rose 28 percent year over year, “driven in part by [a] lower tax rate.” BlackRock’s effective tax rate for the quarter was 19.6 percent last quarter, down from 23.8 percent in the first quarter of 2017. BlackRock also said its operating margin expanded to 38.4 percent in the quarter
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