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

UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance

Johnson & Johnson reported a higher-than-expected quarterly profit and raised its full-year forecast as the company gained from strong sales of its new cancer drugs. Shares of J&J, part of the Dow Jones industrial average, were up 1.3 percent in premarket trading on Tuesday. Higher demand for its blood cancer drugs, Darzalex and Imbruvica, and

U.S. motorcycle maker Harley-Davidson reported lower-than-expected quarterly retail sales as demand for its motorcycles stayed tepid and said operating margin slid 8 points as manufacturing costs rose and it shipped more lower-margin bikes. Harley shares fell 2 percent to $45.63 in premarket trading. The company, however, said it expected to ship more motorcycles in the

CSX, the third-largest U.S. railroad operator, reported a slight rise in quarterly net profit on par with analyst expectations on Tuesday, as coal and consumer goods shipments and higher freight rates lifted its revenue 1 percent. The results sent CSX shares up 1 percent at $53.76 in morning trading, though analysts saw possible future headwinds

Morgan Stanley reported third-quarter earnings Tuesday that topped expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms such as JPMorgan. The bank reported: Earnings per share of 93 cents versus 81 cents projected by analysts polled by Reuters. Revenue

Declining NFL television ratings will lower CBS earnings, according to Credit Suisse. The firm cut its third-quarter EPS estimates by 5 percent, citing CBS’ softer Sunday NFL ratings. The media company reports on Nov. 2. “We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer

Netflix continues to grow, adding 5.3 million net subscribers this past quarter. And it’s willing to spend the money to continue that trajectory, with a new content budget of between $7 billion to $8 billion for next year. The figure is up from the $7 billion figure chief operating officer Ted Sarandos previously said to

Shares of Michael Kors have bucked the downward retail trend this year, rising nearly 12 percent. By comparison, the SPDR S&P Retail exchange-traded fund (XRT) is down 8.8 percent in 2017. Camilo Lyon, an analyst at Canaccord Genuity, recently raised his price target on Kors share to $58 from $43. “We believe the strategic steps

Regional lender PNC Financial Services, the sixth-largest U.S. bank by assets, reported a stronger-than-expected quarterly profit on Friday as higher Federal Reserve interest rates boosted the bank’s income. Banks in the United States have got a much-needed boost from the Federal Reserve raising interest rates. The Fed has increased rates three times since the second

Wells Fargo reported third quarter revenue that missed expectations Friday, sending shares lower. The bank reported: Earnings per share of $1.04, ex-items, vs. the $1.03 a share expected by analysts polled by Reuters. Revenue of $21.93 billion, vs. $22.4 billion expected. Revenue fell 2 percent from the same quarter last year. Shares fell more than

Domino’s, the biggest U.S. pizza delivery chain, reported a better-than-expected quarterly profit on Thursday as the company benefited from higher demand in the United States. Same-store sales at company-owned outlets in the United States, Domino’s biggest source of store revenue, jumped 8.4 percent in the third quarter ended Sept. 10. This was above the 6.6

Citi reported a 3 percent year-over-year increase in global consumer banking revenue. In North America, retail banking revenue rose 12 percent, excluding mortgages. Citi cited “continued growth in loans and assets under management,” as well as higher interest rates. The bank’s international consumer business saw an 8 percent revenue increase, driven by higher loans and

Ramin Talaie | Corbis | Getty Images Delta Airlines planes taxi at Hartsfield-Jackson Atlanta International Airport in Atlanta, GA. Analysts expect Delta Air Lines on Wednesday to report a decline in quarterly profits, compared with the year-earlier period. The No. 2 U.S. airline is expected to post quarterly earnings per share of $1.53, a drop

Goldman Sachs could be a winner this earnings season even with weaker revenues, while General Electric could be a loser, with a rare profit miss, according to Morgan Stanley. Morgan Stanley equity strategists picked nine stocks they believe could be near-term movers in the early weeks of earnings season, either due to earnings or other

Costco implemented its annual membership fee increase by $5-$60 for Goldstar and business members, and by $10-$120 for executive memberships in the quarter. Membership fees, which accounted for about 72 percent of Costco’s operating income in 2016, rose 13 percent in the 17-week fourth quarter ended Sept. 3. Excluding the impact of fuel and currency

Yum China‘s quarterly same-store sales beat estimates, driven by strong sales at its KFC restaurants, and the company said its CEO Micky Pant would step down. Joey Wat, currently the company’s chief operating officer, will take over as CEO, Yum China said. Net income rose to $211 million from $192 million in the third quarter