Earnings

Procter & Gamble beat expectations on both the top and bottom line in its second quarter of 2018, showing recovery after organic sales lost steam in the first quarter of its fiscal year. But the company still found itself victim to the intensifying retail landscape, which contributed to declines in both its diaper and Gillette
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Shares of Johnson & Johnson turned negative as investors reacted to a lackluster sales growth outlook. The company topped Wall Street’s fourth-quarter earnings and revenue expectations with boosts from new cancer drugs and its acquisition of Swiss biotech company Actelion. In its earnings release, the company projected operational revenue growth of 3.5 percent to 4.5
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U.S. oilfield services company Halliburton reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels. Halliburton delivered an optimistic view for its U.S. and international operations as rising oil prices spur demand for oilfield services. Its results, like those
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Even with a government shutdown, CNBC’s Jim Cramer expects good things for the next leg of earnings season. “Earnings season is upon us and it is always a guessing game, but this time around the rules have changed,” the “Mad Money” host said. “Rather than worrying about whether companies will beat or miss their forecasts,
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Netflix looks attractive heading into its quarterly earnings report being issued Monday afternoon, even after a massive run, strategist Mark Tepper says. Netflix shares have jumped 15 percent this year alone, and a whopping 65 percent in the last year. Shares rose over 1 percent on Thursday after Morgan Stanley released a bullish note on
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Chenault said, however, that the company will continue to pay its quarterly dividend. Chenault said he believes the new tax law will ultimately have a positive effect on both the U.S. economy and the company. American Express also reported quarterly earnings and revenue that beat analysts’ expectations on Thursday. The company’s stock dipped more than
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IBM saw its stock go down more than 4.5 percent after it reported better-than-expected earnings for the fourth quarter and full year of 2017 on Thursday. EPS: Excluding certain items, $5.18 in earnings per share vs. $5.17 in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $22.5 billion vs. $22.06 billion
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Bank of New York Mellon expects to book more severance charges in 2018, its chief executive said, as the custodian bank tries to cut costs and streamline its businesses. Shares fell 4.2 percent to $55.43 in early trading on Thursday, after BNY Mellon recorded $246 million in severance and litigation charges in its fourth-quarter earnings
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Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue. Here’s how the banking
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Tiffany & Co. on Wednesday reported an 8 percent increase in net revenue during the holiday season, fueled by higher sales of fine jewelry, watches, and a new home and accessories collection. Total same-store sales were up 5 percent during the November and December months, the company said. In the U.S. alone, same-store sales rose
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Moynihan had announced the bonus in late December, citing the tax bill that President Donald Trump signed cutting the corporate tax rate to 21 percent from 35 percent. CFO Paul M. Donofrio added Wednesday on a call with media that the bank expects its effective tax rate for 2018 to fall to 20 percent from
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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
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U.S. industrial conglomerate General Electric will take a $6.2 billion charge in its fourth-quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday. GE, whose shares sank 3.7 percent in premarket on the news, said the charge would rise to $7.5 billion when adjusted for Congress’ newly-passed
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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
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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:
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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
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