Earnings

Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas. Cooper Neill | Reuters Halliburton Co reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market. Revenue from North America, which accounts for more than
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Coca-Cola on Friday reported quarterly revenue that topped analysts’ expectations as more customers are drawn in by healthier options, like Zero Sugar soda and smaller size cans. Shares of the company rose 2.5% in premarket trading. “Our performance gives us confidence that our strategies are taking hold with our consumers, customers and system,” CEO James
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The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey, on Friday, Jan. 26, 2007.  (Photo by Daniel Barry/Bloomberg via Getty Images) Bloomberg | Bloomberg | Getty Images Diversified manufacturer Honeywell International fell short of Wall Street estimates for quarterly revenue on Thursday and cut its full-year sales forecast,
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Morgan Stanley on Thursday posted third-quarter profit and revenue that exceeded analysts’ expectations on better-than-anticipated results in trading and advisory businesses. The bank said profit rose 2.3% to $2.17 billion in the quarter, or $1.27 per share, compared with the $1.11 per share expected in a Refinitiv survey of analysts. The company produced $10.1 billion
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Co-founder and CEO of Netflix Reed Hastings Albert Llop | Anadolu Agency | Getty Images The best way to defeat an enemy is to make him your friend. Netflix said today in its third-quarter earnings letter to shareholders that it welcomes upcoming competition from Apple, Disney, Comcast‘s NBC Universal, AT&T‘s WarnerMedia and others set to
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Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations. Here are the results vs. expectations: Earnings per share: $1.47 vs. $1.04
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IBM shares moved 5% lower after the company issued weaker-than-expected third-quarter revenue on Wednesday. Here’s how IBM did: Earnings: Excluding certain items, $2.68 per share, vs. $2.67 per share as expected by analysts, according to Refinitiv. Revenue: $18.03 billion, vs. $18.22 billion as expected by analysts, according to Refinitiv. IBM’s revenue has now dropped for
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An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC Financial Services posted a better-than-expected third-quarter profit on Wednesday, boosted by higher loan growth. The U.S. regional bank’s loan portfolio grew 6.5% to $237.4 billion, with commercial lending accounting for about 67% of total
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The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a better-than-expected quarterly profit on Wednesday, as the world’s largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates. Fee revenue fell 1%, hurt by outflows since
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Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an adjusted 75 cents a share. When including the $2.1 billion charge tied to the end
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A United Airlines airplane takes off at Newark Liberty Airport. Gary Hershorn | Getty Images United Airlines Holdings on Tuesday raised its earnings forecast for the year as travel demand continued to climb, boosting shares in after-hours trading. The airline’s performance puts it “ahead of pace” to meet its per-share earnings goal of $11 to $13
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Call it a financial frenzy. Big banks J.P. Morgan Chase, Citigroup, Wells Fargo and Goldman Sachs kicked off earnings season with their reports Tuesday, with J.P. Morgan leading the pack and the broader market higher after surprising Wall Street to the upside. Experts, including Wells Fargo’s former CEO, were impressed by J.P. Morgan’s record revenue,
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Netflix CEO Reed Hastings. Philippe Huguen | AFP | Getty Images This quarter is Netflix‘s calm before the storm. The streaming video giant will report its third-quarter earnings Wednesday for the last time before a slew of competitors debut services that could derail customer growth both in the U.S. and abroad. Netflix estimates it will
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National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and
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Wells Fargo reported third-quarter earnings slightly below expectations but shares rose steadily during trading on Tuesday morning, as investors appeared to welcome the bank’s restructuring plan. Shares of Wells Fargo rose 1.6% to close at $50.11 a share. The stock is up nearly 9% for this year. “A few small things plus two big picture
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Citigroup on Tuesday reported third-quarter earnings and revenue that topped projections as stronger-than-expected trading results made up for weaker lending margins. Here’s how the bank fared compared to Wall Street expectations: Earnings: $1.97 per share vs $1.95 per share expected by Refinitiv. Revenue: $18.6 billion vs $18.545 billion forecast. Fixed-income, currency and commodities trading revenue:
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Richard Allison, CEO of Domino’s Pizza, speaks at CNBC’s Evolve conference in Chicago on Sept. 24, 2019. Jeff Schear | CNBC Amid growing competition from third-party delivery apps, Domino’s Pizza slashed its long-term sales outlook and reported quarterly earnings and revenue that fell short of estimates. CEO Ritch Allison told investors that the company changed
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Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com and Walmart expand aggressively. The
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PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations, as its increased spending on advertising and marketing paid off for brands like Gatorade. Shares of the food and beverage giant gained 2.6% in premarket trading. “Given our performance year-to-date, we now expect to meet or exceed our full-year organic revenue growth target of
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New homes for sale by Lennar home builders. Getty Images Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes. The No. 2 U.S. homebuilder’s shares rose more than 2% before the opening bell. The company said its orders, a key indicator of future revenue, rose 8.5%
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Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing
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Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by about 9% in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan.  The pharmacy chain’s overall sales, however, fell short of analysts’ forecasts for its
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