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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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »