Earnings

Ford said Tuesday it expects to turn in 2017 earnings that are below Wall Street estimates, and provided a forecast for 2018, that will be hit by higher commodity costs and exchange rates, which will offset gains from its cost-cutting efforts. Ford shares fell about 2 percent Tuesday in after-hours trading. The second-largest U.S. automaker
0 Comments
Citigroup reported quarterly earnings on Tuesday that beat expectations on solid results from consumer banking. The big bank also reported a charge of roughly $19 billion following a revamp to the U.S. tax code. Citigroup reported adjusted earnings per share of $1.28 for the fourth quarter of 2017. Analysts polled by Reuters expected earnings to
0 Comments
UnitedHealth shares rose in premarket trading on Tuesday after the largest U.S. health insurer raised its outlook for 2018 earnings per share by more than 16 percent due to the U.S. corporate tax cuts and said it would speed up investments in data analytics and technology to better serve consumers. The tax benefit also helped
0 Comments
J.P. Morgan Chase on Friday reported earnings that topped Wall Street’s expectations after accounting for charges related to the tax bill. The bank revealed it took a $2.4 billion charge in the fourth-quarter due to the Tax Cuts and Jobs Act. Here’s how the company did on an adjusted basis after that charge: EPS: adjusted
0 Comments
IBM is set to report earnings next week, and one market watcher sees the stock as a value play at current levels. The company is scheduled to announce quarterly results Thursday after the market closes, and Mark Tepper of Strategic Wealth Partners likes the stock, off to a strong start to the year, ahead of
0 Comments
BlackRock, the largest asset manager in the world, reported better-than-expected quarterly earnings and revenue on Friday. Here’s how the company’s results fared against analyst expectations: EPS: $6.24 adjusted vs. $6.02 expected by Thomson Reuters Revenue: $3.469 billion vs. $3.321 billion expected Total assets under management: $6.288 trillion vs. $6.248 trillion expected by StreetAccount Net inflows:
0 Comments
No. 2 U.S. homebuilder Lennar on Wednesday reported a much lower than expected quarterly profit due to a delay in the booking of a single large transaction, although orders rose and revenue topped estimates. The company’s shares were down 4.8 percent at $63.50 in light premarket trading. An 11.5 percent rise in orders pointed to
0 Comments
Target on Tuesday posted same-store sales that climbed 3.4 percent during the holiday season, topping an expected range of 0 to 2 percent, and raised its fourth-quarter and full-year earnings outlook. The big-box retailer said tax reform legislation should create additional cash flow in 2018 it will use for capital investments, dividends and share repurchases.
0 Comments
Samsung Electronics on Tuesday said it was expecting record operating profit of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter. That number fell short of a Reuters average forecast of 15.9 trillion won in operating profit, but it was likely up 64 percent from a year ago. Samsung said its fourth-quarter
0 Comments
Lululemon Athletica said on Monday it had a strong holiday shopping season and raised its profit and revenue forecasts for the fourth quarter. The holiday quarter is critical for retailers and can account for up to 40 percent of their annual revenue. “We are thrilled with our performance this holiday season that reflects an accelerating
0 Comments
With a flurry of financial earnings coming next week, one market watcher is naming two stocks investors should consider. Strategic Wealth Partners’ Mark Tepper likes J.P. Morgan and BlackRock, which report earnings next Friday morning. Wells Fargo and PNC Financial also report earnings that day. Here are Tepper’s takes on the stocks: A ‘Dimon’ in
0 Comments
Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results exceeded
0 Comments
China’s Huawei on Friday flagged overall and smartphone revenue figures for 2017 that represented its slowest growth in four years, and vowed to extend its global reach with more premium products next year. The telecom equipment and smartphone maker expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), Chief Executive Ken
0 Comments
Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
0 Comments
Accenture reported a better-than-expected quarterly profit, as the consulting and outsourcing services provider gained from its push into digital and cloud services. The company also forecast current-quarter revenue between $9.15 billion and $9.40 billion, the low end of which was in line with analysts’ estimates. Digital, cloud and security services accounted for more than half
0 Comments
Conagra, the maker of Reddi-Wip whipped cream and Chef Boyardee pasta, reported better-than-expected second-quarter revenue and profit on Thursday, as consumers stocked up on food items because of hurricanes. Conagra’s shares were up 2.2 percent in premarket trading, even as the company warned that higher-than-anticipated inflation, hurricane-related costs, and increased investments to expand distribution were
0 Comments