Shares of Chevron fell on Friday as the oil major said its overall U.S. production fell in the third quarter despite output increases in the Gulf of Mexico and the Permian basin, the epicenter of the American drilling recovery. The higher production from the key oil-producing regions was offset by asset sales and the natural

J.C. Penney had a disappointing update to share Friday morning, sending the department store chain’s stock prices tumbling to an all-time low. Penney’s slashed its 2017 profit and comparable sales forecasts, explaining that the company has been discounting heavily ahead of the holidays to get rid of excess inventory. Penney’s shares fell more than 20

Exxon Mobil on Friday reported third-quarter earnings that beat on the top and bottom line, even as impacts on its refining business from Hurricane Harvey took a bite out of profits. Shares of Exxon were up nearly 1 percent at $84.25 in pre-market trading. The oil major earned 93 cents per share on $66.16 billion

Mattel found itself caught in the fallout of Toys R Us’ bankruptcy, with the maker of Barbie dolls reporting lackluster third-quarter results that sent its shares tumbling by double digits. Mattel reported adjusted earnings per share of 9 cents, compared to 57 cents expected by analysts surveyed by Thomson Reuters. The company also reported revenue

Wynn Resorts chief Steve Wynn insisted Thursday the mass shooting in Las Vegas didn’t measurably hurt business for the company’s Las Vegas operations. In fact, the CEO said the company’s Las Vegas business turned in its “best third quarter in its existence, since 2005. And we’re particularly happy because our non-casino revenue was so strong.”

The company beat analysts’ expectations in all three of its business segments, according to StreetAccount. Revenue from Azure was up 90 percent year over year, and commercial revenue for Office 365 subscriptions was up 42 percent. (As a whole, Microsoft’s revenue was up 12 percent.) Stifel analysts Brad Reback and Adam Borg were expecting Azure

Google parent Alphabet has seen Class A shares rise about 25 percent this year as advertisers have continued to lean heavily on search advertising and YouTube. Network revenues were up 16 percent during the third quarter. “Our momentum is a result of investments that we’ve been making over many years in people, products and partnerships,”

Amazon‘s third quarter results far exceeded Wall Street expectations Thursday, pushing up its stock by over 7 percent in after hours trading. Investors were expecting smaller profits as the third quarter is typically a heavy investment period for Amazon ahead of the holiday season. But strong growth in North American sales and Amazon Web Services

Halfway through earnings season, one big trend is emerging: Heaven help the companies that miss expectations or provide disappointing guidance. Take Bristol-Myers Squibb. Its shares fell about 4.5 percent on Thursday as the company missed its third-quarter numbers. And Celgene shares tumbled more than 19 percent Thursday after the biotech fell short on revenue for

Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates. But one company is making it look easy. Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm

Twitter said during its latest earnings that if it hits its high estimate for adjusted EBITDA next quarter it will finally be profitable. Twitter shares climbed more than 18 percent after earnings were reported on Thursday, showing it was able to cut costs and grow its user base. The company aims to be profitable by

Ford beat Wall Street expectations Thursday, driven in large part by cost reductions and strong sales in North America. The company said it has been cost cutting across several departments. Costs were also comparably lower this quarter because Ford suffered a massive recall of its vehicles this time last year. Last year Ford had to

Adjusted EPS: $1.42 vs. $1.40 expected in a Thomson Reuters survey of analysts. Revenue: $10.88 billion, in line with estimates. The airline, like its competitors, faced climbing fuel costs and an onslaught of powerful storms that hit some of its key airports, including its Miami hub. The airline said it canceled some 8,000 flights due

U.S. defense contractor Northrop Grumman beat Wall Street estimates for revenue in the third quarter and raised its 2017 profit forecast for the third time as aircraft sales rose. Shares of the company rose 2.1 percent at $300.11 in premarket trading on Wednesday. The weapons maker raised its full-year profit forecast range to $12.90-$13.10 per

U.S. drugstore company Walgreens Boots Alliance’s profit and revenue beat analysts’ estimates in the fourth quarter, as it benefited from an expansion of mail services. Shares of the company rose 4.3 percent to $70.15 in premarket trading on Wednesday after Walgreens also forecast 2018 earnings largely above Wall Street forecasts. Walgreens said it expects 2018

EPS: $2.72 per share vs. $2.66 per share expected, according to Thomson Reuters. Revenue: $24.3 billion vs. $23.9 billion expected, according to Thomson Reuters. The aerospace giant raised its full year earnings forecast to a range of $11.20 – $11.40, up ten cents from its previous range of $11.10 – $11.30. The company says the

Caterpillar on Tuesday blew past Wall Street’s profit and revenue estimates on surprisingly strong demand for its construction equipment in North America and robust sales in China, pushing its shares up 7 percent in early trading. The company also raised its full-year forecasts for sales and earnings, expecting revenue in its construction business to surge

General Motors third-quarter earnings beat analysts’ expectations on Tuesday, driven in part by especially strong sales of crossovers in the US and sales in China. Here’s how the company did compared to what Wall Street expected: Adjusted EPS: $1.32 vs. $1.12 expected by a Thomson Reuters survey. Revenue: $33.6 billion vs. $32.72 billion expected by

Eli Lilly, one of the world’s top insulin-makers, said it was reviewing options including a sale or an initial public offering for its Elanco animal health business, which is facing increased competition. Lilly also said it also exploring options, including a sale, of Posilac, a supplement to boost dairy cow productivity. The supplement is part

Chipotle is set to report earnings after Tuesday’s closing bell, and perhaps surprisingly, the chart is looking better than it has in a long time. The company is still facing significant fundamental challenges., but on a technical basis, shares of Chipotle are making a series of bullish signals that could suggest upside ahead. The stock,

The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed

Skechers shares soared in trading Friday after the company posted third-quarter earnings that blew past analysts’ estimates on record sales. The company’s shares jumped more than 35 percent in early trading to a new 52-week high. The sports footwear maker reported earnings excluding items of 59 cents a share, well above the 43 cents a

Fresh off a bitter proxy battle, there’s something for everyone in Procter & Gamble‘s results. While the quarterly report on Friday surpassed Wall Street estimates on earnings, it fell slightly short on sales, largely due to weakness in its Gillette razor business. Strength in its beauty and home-care businesses helped to lessen the impact. The

“This quarter was undoubtedly worse than expected, with an industrial result that was worse than what we saw in March 2007, preceding the financial crisis,” J.P. Morgan analyst Stephen Tusa wrote in a note Friday. The firm says GE’s businesses “are impaired,” citing the continued generation of “essentially zero” free cash flow. J.P. Morgan does

It’s the first time that wearables have been mentioned in a Verizon conference call in the past five years, according to FactSet, and the first time that wearables have been a category big enough to mention in a Verizon earnings release. The “other devices” category also includes MiFi devices, for instance, a spokesperson said. But

PayPal posted a strong earnings report Thursday as Venmo payment volume nearly doubled year over year. Here’s how the company did compared with what Wall Street expected: EPS: 46 cents vs. 43 cents expected, according to Thomson Reuters Revenue: $3.24 billion vs. $3.18 billion expected, according to Thomson Reuters In the year-ago quarter, PayPal reported

Pitkethly said the quarter came up about 150 million euros, or about one day’s worth of sales, short of internal hopes. “We’re not happy with that in aggregate. In fact, we feel we left some runs in the field,” Pitkethly said. Hurricanes caused about a week’s worth of lost sales in Texas and Florida, its

Property and casualty insurer Travelers reported a steep drop in quarterly profit on Thursday, hit by $700 million in catastrophe losses from hurricanes Harvey and Irma. The company, often considered a bellwether for the insurance sector, said catastrophe losses rose 700 percent from a year ago, from the destruction caused by the hurricanes. As a

Cellphone service providers have seen expectations shift over the past few years. Phones used to be subsidized on two-year contracts, but most major American carriers have moved toward monthly payment plans as phone costs rise: The latest flagship phone from Apple, the iPhone X, is nearly $1,000. Seventy-eight percent of Verizon’s postpaid phone base has

Timothy Fadek | Bloomberg | Getty Images Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey. United Continental, the parent company of United Airlines, is set to report quarterly earnings and revenue after the bell on Wednesday. Here’s how Wall Street expects