Earnings

Priceline Plunges on Weak Outlook Even with Strong Earnings

Priceline Group Inc. shares fell by nearly 7% in trading after hours on Tuesday, as a poor forecast for its upcoming quarter worried investors despite an earnings beat for the second quarter. The booking site for travel posted adjusted earnings for the second quarter that reached $15.14 a share, which easily beat analyst estimates of […]

Square Posts Revenue That Exceeds Expectations

Square Inc. the payments company posted a jump of revenue of 26% that was better than had been expected on Wednesday, as bigger businesses used the company’s technology to process their transactions while at the same time it expanded its range of financial products offered. The company, which is based in San Francisco, and led […]

Shares of Apple Reach Record High on Strong Sales of iPhone

On Tuesday, Apple Inc. delivered strong fiscal earnings for its fiscal third quarter and signaled that its soon to be launched 10th anniversary handset lineup was on schedule. That helped drive stock in the Cupertino, California based tech giant up 6% to a high of all-time in trading afterhours. The stock reached an intraday record […]

Sony Set for Record Profit, Gives Cautious Tone

Sony Corp posted its best ever profit for the first quarter on Tuesday, as it took a big step towards its highest result for a full year in the past 20 years. Results were driven from demand from makers of smartphones for its image sensors in high-end handsets that have twin cameras on the rear. […]

Amazon Revenue Increases 25%, Profit Does Not Follow Suit

Quarterly profit at Amazon.com fell by 77% even though its sales surged, a sign of how high the costs are of its increased dominance across the retail sector. The retailer, based in Seattle, earned its smallest profit for a quarter in close to two years. The e-commerce giant posted a profit of $197 million on […]

Volvo Increases Outlook for North America Following Strong Quarter

Volvo the truck maker based in Sweden raised its North American forecast on Wednesday following a strong quarter that saw its order intake increase across the entire group. The company’s adjusted operating income ended the quarter higher at 8.54 billion Swedish crowns equal to $1.03 billion compared to 6.13 billion crowns and beat the forecast […]

Bank of America Interest Income Falls Even After Rate Hike

The expected increase in earnings at Bank of America from increased interest rates has come to a halt. The lender, considered the most sensitive to changes in interest rates amongst U.S. banks, posted a drop in its net interest income that surprised most. Its two biggest rivals Well Fargo & Co and JPMorgan Chase & […]

Wells Fargo Misses on Revenue, Beats on Earnings

On Friday, Wells Fargo posted its quarterly earnings that for the most part beat Wall Street expectations. The San Francisco-based bank posted earnings per share of $1.07 which was above the Wall Street expected of $1.01. However, the bank missed on its revenue that ended the quarter at $22.1 billion, which was less than what […]

Olive Garden Helps Darden Restaurant Outperform Peers

A comeback at Olive Garden, the Italian restaurant chain that was at one time struggling has helped Darden Restaurants outperform its peers in casual dining. Sales at its same-restaurants increased by 4.4% for Olive Garden during its latest quarter, handily outperforming expectations on Wall Street. The results were the fourth consecutive quarter of gains that […]

Qualcomm Beats Expectations For Q2

Qualcomm Inc. (NASDAQ:QCOM) reported adjusted sales and profit that topped analysts’ estimates in the period that ended in March. The company reported that net income fell to $749 million, or 50 cents a share, in the fiscal second quarter, which ended March 26. On an adjusted basis, profit was $1.34 a share, compared with an […]

Goldman Sachs Misses Expectations For Q1

Goldman Sachs Group Inc. (NYSE:GS) missed earnings expectations for the first quarter of its fiscal year in a rare fumble for the fifth-largest U.S. bank by assets. Net income almost doubled to $2.26 billion, or $5.15 a share, from $1.14 billion, or $2.68, a year earlier. However, the results were well short of analyst forecasts […]

Lululemon Reports Mixed Results For Fourth Quarter

Lululemon (NASDAQ:LULU) reported mixed earnings for the fourth quarter. Net income increased to $136 million, or 99 cents per share, from $117 million, or 85 cents per share, in the same quarter a year earlier. CEO Laurent Potdevin said, “2016 marks a milestone year where our successful execution against long-term strategies returned the company to […]

Exxon Mobil Beats Earnings Forecasts

Exxon Mobil (NYSE:XOM) beat forecasts on earnings for the fourth quarter of its fiscal year. Exxon reported a fourth-quarter adjusted profit of 90 cents a share, higher than Wall Street analysts’ estimates of 70 cents a share. In the same period a year ago, it reported earnings of $2.8 billion, or 67 cents a share. […]

Wells Fargo Fourth Quarter Income Results Miss Estimates

Wells Fargo & Co. (NYSE:WFC) has released the results for the fourth quarter of its fiscal year. The company reports that net income fell 5.4 percent to $5.27 billion, or 96 cents a share, from $5.58 billion, or $1, a year earlier. The average estimate of surveyed analysts was for adjusted profit of $1 a […]

Target Beats Expectations For Sales And Earnings

Target (NYSE:TGT) reported a much smaller than expected decline in comparable sales for the third quarter of its fiscal year and topped Wall Street’s sales and earnings estimates. Target’s adjusted earnings were $1.04 per share on sales of $16.44 billion in the fiscal third quarter. Analysts had expected earnings of 83 cents a share on […]

Standard Chartered Fails To Meet Earnings Estimates For 3Q

Standard Chartered (STAN) reported disappointing third quarter results on Tuesday. The bank generated income of $3.47 billion in the July to September quarter, down 6 percent from $3.68 billion from a year ago. Its third quarter underlying pretax profits were $458 million, compared with a $139 million loss last year. That missed the $520 million […]

Visa 4Q Earnings and Revenue Higher Than Expected

Visa (NYSE:V) reported better-than-expected fiscal fourth-quarter earnings that rose 28 percent from a year earlier. Visa reported net income of $1.93 billion, or 79 cents per share, for the period ended Sept. 30, compared with $1.51 billion, or 62 cents per share, in the same period a year earlier. Analysts surveyed by FactSet expected earnings […]

Walgreens Beats On Earnings, Misses On Revenue

Walgreens Boots Alliance Inc. (NASDAQ:WBA) reported mixed results for its latest quarter. While adjusted earnings topped estimates, revenue fell shy of expectations. The company reported net earnings of $1.03 billion, or $0.95 a share, on revenue of $28.6 billion for the quarter. On an adjusted basis, its EPS would have been $1.07. Wall Street analysts […]

Deere & Co. Surprises Many With 3rd Quarter Profit

Deere & Co. (NYSE:DE) reported a better-than-expected fiscal third-quarter profit, surprising investors and analysts alike. The company reported that net income rose to $1.55 cents a share in the three months through June, up from $1.53 a year earlier. That was considerable higher than the 94-cent average expected by analysts polled by Bloomberg. The company […]

Staples’ Sales Slide Continues

Slowing sales are continuing to affect Staples’ (NASDAQ:SPLS) bottom line. Staples posted a loss of $766 million, or $1.18 per share, for the second quarter of its fiscal year. In the same period a year ago, the company posted net income of $36 million, or 6 cents a share. The office supply giant said sales […]

JCPenney Beats Second Quarter Estimates

JCPenney (NYSE:JCP) reported better-than-expected earnings for the second quarter of its fiscal year. The department store chain reported a 5 cent per-share loss on an adjusted basis. This translated to a loss of about $56 million in the last quarter. Analysts expected a 15 cent loss. The company reported a 41 cent loss in the […]

Wendy’s Sales Slow In Second Quarter

The Wendy’s Co. (NASDAQ:WEN) appears to be struggling with slowing sales growth. The company reported on Wednesday that same-store sales rose 0.4 percent in the second quarter. Analysts had expected 1.9 percent growth. Same-store sales rose 3.6 percent in the first quarter. Wendy’s had lower restaurant sales from company locations in the quarter due to […]

Amazon Announces Most Profitable Quarter To Date

Amazon.com Inc. (NASDAQ:AMZN) reported in its third consecutive record profit and its most profitable quarter to date on Thursday. Overall, Amazon posted a profit of 857 million, or $1.78 a share, for the second quarter. This compared with a profit of $92 million, or 19 cents a share, a year earlier. Amazon’s revenue jumped 31 […]

Caterpillar Beats Expectations With Q2 Earnings

Caterpillar Inc. (NYSE:CAT) reported second quarter earnings that were better than expected on Tuesday. Caterpillar reported second-quarter net profit of $550 million, down from a revised $802 million a year earlier. The heavy machinery maker reported $1.09 in earnings per share, excluding restructuring costs. This was higher than analysts’ expectations of 96 cents, but lower […]

Alibaba Moves To Alleviate Investor Concerns

Today marked the first time that Alibaba Group Holding Ltd. (NYSE:BABA) has released an annual revenue forecast. The company projected a 48 percent increase in revenue for the fiscal year ending in March. Excluding recently acquired companies, revenue still is expected to rise 36 percent. The new forecast is considerably higher than the 33 percent […]

Valeant Shares Slide After Company Forecasts Cut

Valeant Pharmaceuticals International Inc. (NYSE:VRX) shares plummeted Tuesday as new Chief Executive Officer Joseph Papa reduced the company’s 2016 earnings and sales forecasts. The earnings forecast for this year has been reduced to $6.60 to $7 a share, excluding some items, from the $8.50 to $9.50 a share anticipated by Valeant back in March. Analysts […]

Michael Kors the Handbag Maker Posts Strong Growth in Sales

Michael Kors Holdings posted revenue for the quarter that increased close to 11%, its strongest growth in revenue in nearly a year, as the demand for the designers’ handbags as well as accessories increased across the Americas while the company said it would by repurchasing as much as $1 billion of its shares. Stock at […]

Profit at Scotiabank Falls by 12%, Energy Loans Hurt

The third biggest bank by assets in Canada, Bank of Nova Scotia, posted a profit for its fiscal second quarter Tuesday that was 12% lower compared to the same period one year ago because of a charge for restructuring and larger reserves for its souring energy loans. Scotiabank, based in Toronto, capped the largely better […]

Colombian Dispute with Novartis Could Cause Problem with U.S.

Officials in Colombia have become concerned that their dispute with Novartis the Swiss drug maker over the price and patent of a groundbreaking new cancer treatment might escalate and could threaten funding from the United States for its pending peace plan that could end over 50 years of war in the country. This information was […]

Confident Sanders Sweeps Three Caucuses to Close the Gap on Hilary Clinton

Sweeping all three Democratic caucuses on Saturday—in Washington State, Alaska, and Hawaii—Bernie Sanders is quickly closing the gap on Hillary Clinton’s marginal lead for the Democratic presidential nomination. These wins are major ones for Sanders who has been trailing the former First-lady for most of the race, despite throngs of fans and supporters, and despite […]