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
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
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
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
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
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
Demand for Barbie dolls and toys based on “Jurassic World” and “Toy Story” led Mattel to a narrower-than-expected-loss during the first quarter. Shares of the toymaker skyrocketed as much as 14 percent after the closing bell Thursday. The results, which come just days after rival Hasbro reported a surprise profit, may indicate that the U.S.
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.
Starbucks on Thursday reported earnings that outpaced analyst expectations and raised its outlook for the year, as customers spent more at its cafes in the U.S. and sales growth in China was stronger than expected. Shares of the company were unchanged in extended trading. “We are especially pleased with our comparable store sales growth in
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
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
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.
This week could make or break the rally. Investors are gearing up for the busiest week of earnings with more than 140 S&P companies and 12 Dow components set to post results. Last quarter, a number of companies warned that slowing global growth as well as international trade tensions could weigh on their bottom lines,
It was a tale of two stories for Netflix according to Wall Street analysts. While the company posted first-quarter revenue that beat estimates, it also warned that it expected light second-quarter guidance. Shares of the streaming giant plunged 9% in extended hours trading after the report Tuesday and opened up over 2% in early trading
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
Bank of America shares declined after executives said the lender’s net interest income would grow at half the rate of last year. Despite posting a record first-quarter profit driven by cost cuts and strength in the bank’s Main Street lending operations, shares of the company fell 1.8% at 9:15 a.m. The stock decline steepened after
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
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
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
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
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
Lucas Jackson | Reuters Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world’s biggest jeans seller reported its first quarterly earnings since
Shannon Stapleton | Reuters An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, March 12, 2019. The prolonged grounding of Boeing’s 737 Max jets forced American Airlines on Tuesday to cut its revenue guidance for the first quarter.
It’ll be a bad sign for the market if J.P. Morgan Chase’s stock doesn’t rally when it reports earnings next week, Jim Cramer said Thursday. J.P. Morgan is scheduled to report first-quarter earnings before the market opens on April 12. Cramer, host of CNBC’s “Mad Money,” said the bank has been a “lead dog” of
Constellation Brands said strong beer sales helped it to beat Wall Street’s expectations for its fiscal fourth-quarter as it positions itself to adapt to changing consumer tastes. Shares of the Corona and Modelo beer producer rose 4 percent in morning trading Thursday. The stock has a market value of $34.43 billion. U.S. consumers have increasingly
GameStop on Tuesday warned of a potential first-quarter loss as the world’s largest video game retailer wrestles with slowing sales of video games and consoles at its stores. Shares of the company fell 7.52 percent to $9.34 in extended trading after GameStop also reported quarterly revenue below analysts’ estimates. GameStop has struggled in the face
Airline stocks jumped Tuesday after Delta Air Lines said record performance and healthy demand drove the carrier to raise its earnings and revenue guidance for the first quarter. Delta’s shares jumped 6.6 percent while United and American rose 4.7 percent and 2.2 percent, respectively. Southwest Airlines, JetBlue, Spirit and Alaska Air Group were all trading
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
Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
AP Photo | Iowa Homeland Security and Emergency Management This Monday, March 18, 2019 file photo shows flooding and storage bins under water on a farm along the Missouri River in rural Iowa north of Omaha, Neb. DowDuPont cut its forecast for first-quarter sales on Thursday, citing the impact of U.S. Midwest floods on its