A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s other two chains, Pizza Hut and Yum, also missed Wall
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General Electric‘s stock surged Wednesday after the industrial conglomerate raised its 2019 cash flow forecast and reported adjusted third-quarter earnings and revenue that topped analysts’ expectations. On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter. GE shares jumped 11.5% on heavy trading volume to close at $10.11
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Tim Cook announces iPhone 11. Source: Apple Apple’s earnings on Wednesday will provide some early insight into how the company’s new iPhones are selling as investors watch the forecast for its all-important holiday season. Apple released three iPhone 11 models on Sept. 20. Apple’s fiscal fourth quarter ended on Sept. 30, so Wednesday’s earnings report
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A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Mastercard reported third-quarter earnings on Tuesday that beat analysts’ expectations on the top and bottom lines. Shares of Mastercard were up 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on
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Pfizer posted third-quarter profit well above analysts’ estimates on higher sales of cancer drug Ibrance and new heart medicine Vyndaqel, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year. Shares of the company rose 3.4% on Tuesday as the results suggested that Chief Executive Officer Albert Bourla’s efforts to slim down
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Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday
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A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance‘s fiscal fourth-quarter profit slid 55% as the company spent more to shutter unprofitable locations and scaled back its tobacco sales. Still, the drop in its
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A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons’ lackluster quarterly performance disappointed Restaurant Brands’ investors on Monday, despite the success of Burger King’s Impossible Whopper and Popeyes’ chicken sandwich. Shares of the company fell 2.6% in morning trading. Here’s what Restaurant Brands reported compared with what
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Amazon shares took a major hit after its third-quarter earnings fell short of expectations, but one bright spot was its advertising business, which appears to be picking up speed again. Net sales in Amazon’s “other” category, which primarily represents advertising, was $3.59 billion in the third quarter, up from $2.50 billion in the third quarter
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Verizon Communications beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill. The company added 615,000 postpaid customers, above analysts’ estimates of 527,000 subscribers, according to research firm FactSet. The results come as the largest U.S. wireless carrier by subscribers prepares to
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Amazon stock skidded 6% in Friday’s premarket, a day after the e-commerce giant’s third-quarter earnings fell short of Street expectations. In its earnings report, it also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge payoff from Amazon’s growing investments across the company. Shares plunged as much as 9% in
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Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets.  JP Black | LightRocket | Getty Images Intel stock jumped as much as 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth. Here are the key numbers: Earnings: Excluding certain items, $1.42 per
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