Earnings

Shares of Mattel jumped as much as 7% in extended trading Thursday after the company posted a narrower-than-expected loss in the second quarter and reported strong sales of its Barbie dolls and Hot Wheels cars. “This quarter further demonstrates the continued momentum of our multi-year turnaround strategy,” Ynon Kreiz, chairman and CEO of Mattel, said
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Intel shares rose more than 7% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and revenue and gave an upbeat forecast. Here are the key numbers for the second quarter: Earnings: $1.06 per share, excluding certain items, vs. 89 cents per share as expected by analysts, according to Refinitiv Revenue: $16.51 billion,
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Shares of Google parent company Alphabet rose more than 9% after the company reported second-quarter earnings that beat estimates Thursday. Alphabet said its board of directors approved a repurchase of up to an additional $25 billion of its Class C capital stock. On a call with analysts, CFO Ruth Porat said the capital would be used
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Amazon reported mixed results in its second-quarter earnings release on Thursday, failing to meet profit expectations while exceeding revenue forecasts. The results show Amazon’s renewed investments into the company are paying off, driving sales growth at the expense of lower profit margins. Amazon’s shares, however, dropped over 2% in after-hours trading, as the company gave
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Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. Shares of the company jumped 6.5% in extended trading. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. “Our two targeted long-term
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Ruth Porat, Alphabet CFO Adam Galica | CNBC Entering its second-quarter earnings report on Thursday, Alphabet’s in a bit of a slump. The stock has dropped almost 10% in the past three months, leaving it up only about 9% for the year, dramatically underperforming its mega-cap tech peers and the benchmark S&P 500, which is
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American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines skidded more than 5% Thursday after the nation’s largest airline said it took a hit from the prolonged grounding of the Boeing 737 Max. Strong travel demand helped it post second-quarter profit that came in slightly higher than expected. American reported a per-share profit of
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Wall Street analysts were disappointed but not surprised with Tesla‘s dismal earnings report. Many analysts continued to decry the lack of margin and profit improvement and said the company’s report still raises more questions than it answers. The automaker on Wednesday posted a loss that was bigger than analysts expected, sending shares down more than
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Diversified manufacturer 3M reported a 39% drop in quarterly profit on Thursday, but reiterated its full-year earnings forecast as it fought the impact of slowing global growth, sending its shares up 4% before the opening bell. 3M in April decided to cut 2,000 jobs as weak demand in the China’s automotive and electronics sectors led the company
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Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported second-quarter earnings that beat expectations but revenue that fell short. It also exceeded estimates on high-speed internet customer additions. Shares were down 0.6% Thursday from Wednesday’s closing price of $44.87. Comcast’s market cap
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Jim Fitterling, CEO of Dow Chemical Adam Jeffery | CNBC U.S. chemical company Dow posted a better-than-expected quarterly profit on Thursday, and cut its spending for the year by 25% against the backdrop of prolonged trade tensions. Chemical companies have been struggling with uncertainty caused by trade conflicts, weak global demand as well as lower
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Shares of Caterpillar plunged after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit. Caterpillar earned $2.83 per share in the second quarter, versus consensus estimate of $3.12 per share, according to Refinitiv. Revenue also disappointed with $14.432 billion reported compared
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A JetBlue Airways Corp. Airbus A321 plane sits at a gate outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York, U.S., on Wednesday, July 12, 2017. Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty Images Mark Kauzlarich | Bloomberg | Getty
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Credit card issuer American Express beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers. Customer spending rose 7% in the United States, the company’s biggest market, and 5% globally in the second quarter. U.S. consumer spending increased in May and April. Debit and credit card purchase volumes
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Larry Fink Anjali Sundaram | CNBC BlackRock, the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose. Its institutional funds added $87.36 billion in the second quarter, up from $29.12 billion in the first quarter. Investors poured more money into BlackRock’s actively
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George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Shares of CrowdStrike climbed as much as 7% on Thursday after the cybersecurity company reported earnings for the first time since its IPO. Here are the results: Loss
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Microsoft stock rose 2% after the company released better-than-expected quarterly earnings and guidance. Here are the key numbers: Earnings: $1.37 per share, excluding certain items, vs. $1.21 per share as expected by analysts, according to Refinitiv Revenue: $33.72 billion, vs. $32.77 billion as expected by analysts, according to Refinitiv On an annualized basis revenue grew
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Philip Morris International beat second-quarter earnings and revenue estimates and hiked its full-year forecast Thursday as its new tobacco products gained momentum, sending shares of the company up more than 9%. PMI sells Marlboro cigarettes and other brands around the globe. The tobacco giant is trying to pivot away from cigarettes and toward new products,
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James Gorman, chief executive of Morgan Stanley. Qilai Shen | Bloomberg | Getty Images Morgan Stanley on Thursday beat analysts’ estimates for second-quarter profit as a buoyant stock market helped two of the investment bank’s three main businesses. The bank posted earnings of $2.2 billion, or $1.23 a share, exceeding the $1.14 estimate of analysts
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UnitedHealthcare office Michael Nagle | Bloomberg | Getty Images UnitedHealth beat estimates for quarterly profit and raised its 2019 earnings forecast on Thursday, buoyed by strength in the largest U.S. health insurer’s pharmacy benefits management business and its insurance plans. The company is the first health insurer to report quarterly results after the Trump administration
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Virginia ‘Ginni’ Rometty, chief executive officer of International Business Machines Jason Alden | Bloomberg | Getty Images IBM reported better-than-expected second-quarter earnings on Wednesday, but the stock bounced around after hours as the company’s guidance for the year held steady. Shares of IBM initially rose as much as 4% but later lost their gains and
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