Earnings

BP reported stronger-than-anticipated full-year profits on Tuesday, citing a strong operating performance across all business segments. The British oil giant said its underlying replacement cost profit, used as a proxy for net profit, came in at $12.7 billion in 2018. A company-provided consensus forecast had expected full-year underlying replacement cost profit of $11.88 billion. “This
0 Comments
David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  Alphabet is set to report fourth-quarter earnings Monday. Investors will want to see strong advertising numbers amid threats from Amazon and rising
0 Comments
Daniel Acker | Bloomberg | Getty Images Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Clorox shares jumped 6 percent Monday after it reported second-quarter profits that topped Wall Street’s expectations and reaffirmed its 2019 outlook. The consumer goods maker posted adjusted earnings per share of $1.40, beating consensus
0 Comments
Chevron reported quarterly profits that topped Wall Street’s expectations, as a drop in earnings in its main business lines from a year ago were offset by lower expenses. Shares of the company were up 1.4 percent at $116.30 in premarket trading. Chevron’s profit for the final quarter of 2018 jumped nearly 20 percent to $3.73
0 Comments
Oil production increased 4 percent, driven by growth from the Permian Basin, the top U.S. shale field underlying western Texas and southeastern New Mexico. Natural gas production was down as Exxon shifts away from producing the fossil fuel in the U.S. Analysts were closely watching Exxon’s headline oil and natural gas output. The Irving, Texas-based
0 Comments
Antivirus software maker Symantec shares rose in extended trade on Thursday after beating profit and revenue estimates in the December quarter and raising guidance on strong enterprise and consumer businesses. The company also announced that its Chief Financial Officer Nicholas Noviello will be stepping down to pursue other opportunities, following a slew of key executive
0 Comments
“We are getting more and more creative around getting efficiency up and getting our cost of acquisition down,” Amazon’s chief financial officer, Brian Olsavsky, told analysts on the company’s quarterly earnings call on Thursday. AWS beat Microsoft and Google to the market for cloud infrastructure, which companies use to outsource their computing and data storage
0 Comments
Amazon‘s fourth-quarter results beat estimates, but weak guidance and general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading. Here are the most important numbers: EPS: $6.04 vs. $5.68 estimated, according to Refinitiv Revenue: $72.4 billion vs. $71.9 billion estimated, according to Refinitiv AWS: $7.43 billion vs.
0 Comments
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.  The last two times Amazon has reported quarterly results, revenue fell short of expectations. Now, investors are facing the prospects of
0 Comments
Kristoffer Tripplaar | AP Celgene Corporation in San Diego, California Celgene, which is being bought by Bristol-Myers Squibb, reported a better-than-expected fourth-quarter profit on Thursday, driven mainly by higher sales of psoriasis drug Otezla. Bristol-Myers agreed to buy Celgene for about $74 billion earlier this month, a deal that will expand its pipeline of cancer
0 Comments
Marlboro-maker Altria on Thursday reported fourth-quarter financial results that matched analyst expectations and gave investors more insight on its new e-cigarette and marijuana investments as its core cigarette business shrinks. Altria in Decemberinvested $1.8 billion for a 45 percent stake in Canadian cannabis company Cronos and $12.8 billion for a 35 percent stake in e-cigarette
0 Comments
General Electric shares surged Thursday after the conglomerate posted better-than-expected revenue, as strong aviation results in the fourth quarter overshadowed lingering problems in the GE Capital and power businesses. CEO Larry Culp said that industrial revenue would be up “low-to-mid single digits” in 2019. He added the company’s power business sees a “flat to slightly
0 Comments
After a barrage of mostly negative headlines in recent months, Facebook reports after the bell Wednesday. Despite the headwinds, analysts remain mostly bullish that the social media titan looks strong heading into the report where they’ll be watching for key metrics on ad revenue, privacy and messenger integration. Facebook has come under tremendous pressure from
0 Comments
Andrew Harrer | Bloomberg | Getty Images The Anthem Inc. Anthem Anywhere application is seen in the App Store on an Apple Inc. iPhone displayed for a photograph in Washington, D.C., U.S., on Saturday, April 21, 2018. Health insurer Anthem said Wednesday it was bringing forward the launch of its in-house pharmacy benefits management business
0 Comments
Verizon missed quarterly revenue estimates in its report Tuesday, but added almost twice as many new wireless subscribers as analysts expected. The company forecast that adjusted earnings per share for this year would be similar to 2018, and that it expected low-single-digit percentage growth for total revenue for the full year. Shares of Verizon, the
0 Comments
Earnings: $4.39 a share vs. $4.40 a share expected in an analyst survey by Refinitiv. Revenue: $14.4 billion vs. $13.75 billion expected in the survey. Lockheed Martin said it expects 2019 earnings a share within a range of $19.15 to $19.45 a share, below Wall Street’s expectation of $19.57 a share in a FactSet survey.
0 Comments
Chip stocks took a tumble Monday after Nvidia lowered its guidance for its fourth quarter 2018. The company revised its quarterly revenue guidance from $2.70 billion to $2.20 billion due in part to “deteriorating macroeconomic conditions, particularly in China,” it said in a statement. Nvidia fell 13.8 percent on Monday. Other chip stocks fell on
0 Comments
Shares of Nvidia tanked as much as 17 percent Monday after the company lowered its revenue guidance for the fiscal fourth quarter citing “deteriorating macroeconomic conditions, particularly in China.” The stock pared some losses by midday and ended trading 14 percent down. The drop trimmed more than $13 billion off Nvidia’s market cap. The warning
0 Comments
Colgate-Palmolive forecast a surprise drop in 2019 profit on Friday, blaming higher raw material costs and a stronger dollar, sending its shares down 3 percent. Like other consumer goods companies, the world’s largest toothpaste maker has struggled with rising commodity and transportation costs, forcing it to raise prices in regions like Latin America, where it
0 Comments
Despite investor concerns about slowing growth in China, the company remains optimistic. It increased its number of stores in the country by 18 percent during the quarter. “We believe we’ve built a strong foundation in the last 20 years in the China market and are well positioned to navigate any fluctuation that may take place,”
0 Comments
“The board continues to evaluate candidates for what I believe is the biggest and best open job on the planet,” Swan told analysts on a conference call following the earnings release on Thursday. “They are proceeding with a sense of urgency while also ensuring that they make the right choice for this great company.” The
0 Comments