Month: April 2021

Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company gained about 3% in
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Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic. The oil giant earned $2.7 billion during the period. The company posted earnings per share of 65 cents, excluding items on $59.15
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Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014. Mircea Restea | AFP | Getty Images After a brutal year for the energy sector, Chevron reported a profit for the first quarter of 2021 as a recovery in oil prices boosted operations. The company’s
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Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected. Here’s what Twitter reported versus Wall Street’s estimates: Earnings: 16 cents per share, adjusted, vs. 14 cents forecast by Refinitiv Revenue:
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Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon shares climbed more than 3.5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.  Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv: Earnings: $15.79 per share vs. $9.54 per share
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DETROIT – Ford Motor easily beat Wall Street’s expectations for the first quarter despite an ongoing global semiconductor chip shortage causing low inventories and factory closures. So why did shares of the automaker fall by as much as 10.4% during intraday trading Thursday? The negative reaction by investors is a mix of issues related to
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A Philip Morris Marlboro brand cigarette burns in an ashtray for this arranged photograph in Tiskilwa, Illinois, on Wednesday, July 12, 2017. Daniel Acker | Bloomberg | Getty Images Altria‘s first-quarter earnings declined as revenue fell short of estimates and cigarette shipments continue to decline. The parent of Marlboro cigarettes has been shifting its business away
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Comcast reported first-quarter results on Thursday that beat analyst estimates on the top and bottom lines, sending shares up 4.25%. Here are the key numbers: Adjusted earnings per share: 76 cents vs 58 cents expected in a Refinitiv survey of analysts Revenue: $27.21 billion vs $26.7 billion in the Refinitiv survey High-speed internet customers: 461,000
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People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s on Thursday beat Wall Street’s estimates for its quarterly earnings as net sales topped
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Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor beat Wall Street’s expectations for the first quarter but CEO Jim Farley warned an ongoing semiconductor chip shortage would
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Steve Mollenkopf, chief executive officer of Qualcomm Inc., speaks during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. The summit features discussions with Americas top chief executive officers, government leaders and industry experts on ideas and policies. Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer | Bloomberg
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Tim Cook at Apple Event Source: Apple Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected.   Apple stock rose over 4% at one point in extended trading.   Apple reported double-digit growth in every single one of its product categories, and its most
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Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always
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A Taco Bell location in New York. Scott Mlyn | CNBC Yum Brands on Wednesday reported quarterly earnings that crushed analysts’ expectations as U.S. consumers returned to its restaurants. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of
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Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business. Here’s how the company did: Earnings: $1.95 per share, adjusted, vs.
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Starbucks’ president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018. AFP | Getty Images Starbucks on Tuesday reported mixed quarterly results and raised its full-year forecast for earnings and revenue. While the company’s earnings topped Wall Street’s expectations, its revenue missed estimates, dragged down by some international markets’
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Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Crocs shares shot up more than 11% in Tuesday’s premarket after the shoemaker increased its revenue outlook for the full year and reported record first-quarter sales. CEO Andrew Rees said demand for the Crocs brand is “stronger than ever”
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Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached.   World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract
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