Earnings

Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain. Bundrul Chukrut | LightRocket | Getty Images Restaurant Brands International on Monday reported quarterly earnings that fell short of analysts’ expectations as Tim Hortons’ struggles continue. Shares of the company were down more than 2% in afternoon trading. The stock, which has
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American Airlines shares rebounded on Friday after the carrier said it expected its Boeing’s 737 Max jets to be back in the air by mid-August. Earlier, the company cut its earnings forecast for the year, citing a major financial hit from the grounding the Max jets and higher fuel prices. Shares tumble as much as
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Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC Exxon Mobil reported on Friday that its first-quarter profits fell nearly 50% from a year ago, hit by poor results in its refining and chemicals segments. Shares of the oil giant were down more than 2% on Friday. Exxon reported a quarterly loss in
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Mike Wirth, CEO, Chevron Mary Catherine Wellons | CNBC Chevron on Friday reported first-quarter earnings that beat analysts’ expectations, even as profits fell from a year earlier, weighed down by lower oil prices and weak profit margins in its refining and chemicals business. Shares of the oil giant fell about two-thirds of a percent on
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Daniel Acker | Bloomberg via Getty Images British drugmaker AstraZeneca on Friday reported first-quarter product sales and earnings ahead of analysts’ expectations, benefiting from its aggressive push into cancer drugs and a focus on emerging markets, including China. The company had in February reported annual sales growth for the first time since 2009, turning around
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The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images Ford delivered stronger-than-expected first-quarter earnings, as demand for its popular pickups and SUVs in North America helped boost losses in China and South America. Ford’s stock
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Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, Nov. 15, 2018. Samyukta Lakshmi | Bloomberg | Getty Images Intel stock fell more than 7% in extended trading after providing a weaker-than-expected revenue forecast for the year.
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Amazon reported first-quarter earnings on Thursday that reflected an ongoing change at the company: less growth but fatter profit margins. Despite the huge earnings beat, Amazon stock is up just 1% in after-hours trading, as second-quarter operating profit guidance came below street estimates. Here are the most important numbers: EPS: $7.09 vs. $4.72, according to
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EPS: $5.99 a share vs. $4.34 a share expected according to Refinitiv. Revenue: $14.3 billion vs. $12.6 billion expected according to Refinitiv. Lockheed added language regarding “government actions to prevent the sale or delivery of the corporation’s products” to its list of factors that may affect any forward-looking statements. The defense giant wrote that government
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Harley said Tuesday that falling demand, higher costs from U.S. tariffs on raw materials and European taxes on imports of its motorcycles hurt its earnings. Here’s how the company did compared with what Wall Street expected: Adjusted earnings: 98 cents per share vs. 65 cents per share forecast in a survey of analysts by Refinitiv.
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Morgan Stanley on Wednesday posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank said it generated $2.4 billion in first-quarter profit, or $1.39 per share, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94 billion
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Johnson & Johnson‘s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its blockbuster blood thinner Xarelto. Still, the health company on Tuesday reported better-than-expected earnings, and its shares closed up
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BlackRock, the world’s largest asset manager, reported a better-than-expected first-quarter profit and garnered tens of billions of new investor cash as global financial markets rebounded from a volatile fourth quarter. Net income attributable to BlackRock fell to $1.05 billion, or $6.61 per share, in the three months ended March 31, from $1.09 billion, or $6.68
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Citigroup reported mixed first-quarter results on Monday, saying its earnings were boosted by share buybacks while revenues fell amid a sharp decline in equities trading. Here’s how the company’s results measured up to analyst forecasts: Earnings: $1.87 per share vs $1.80 expected by Refinitiv Revenue: $18.576 billion vs $18.634 billion forecast Fixed-income, currencies and commodities
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Wells’ deposits fell less than expected, totaling $1.3 trillion. Loans came in at $950.1 billion, roughly in line with expectations. However, not all of Wells Fargo’s numbers were positive. Wells Fargo’s nonperforming assets totaled $7.3 billion, well above a $6.67 billion estimate from StreetAccount. The bank’s efficiency ratio was also higher than forecast, coming in
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Delta Air Lines generated record revenue and posted first-quarter earnings Wednesday that beat Wall Street’s expectations for both profit and revenue. “Demand for Delta’s product has never been stronger,” President Glen Hauenstein said in a statement announcing the earnings. “With our customer-focused commercial initiatives delivering strong customer loyalty and top-line momentum, we now expect full-year
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Walgreens Boots Alliance reported quarterly earnings and revenue that missed analysts’ expectations and lowered its forecast for 2019 in what CEO Stefano Pessina called the “most difficult” quarter since acquiring European drugstore chain Alliance Boots in late 2014. The company now expects full-year earnings for 2019 to be roughly flat, compared with its previous forecast
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