Stories tagged: earnings
FRIDAY, DEC. 9, 2016, 5:36 A.M.
American Dream? Odds plunge that children will earn more than their parents
Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to groundbreaking new research from a superstar team of economists …
THURSDAY, DEC. 8, 2016, 12:18 P.M.
Costco store traffic rebounds even as food deflation takes toll
Costco Wholesale Corp. attracted more shoppers last quarter, easing concerns of analysts and investors, even as food deflation and industrywide discounting squeezed sales at the largest U.S. warehouse chain.
THURSDAY, NOV. 17, 2016, 11:08 A.M.
Wal-Mart’s profit falls but beats estimates; revenue misses
Wal-Mart Stores Inc. reported its third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Its earnings still beat Wall Street estimates. But its revenue fell …
THURSDAY, NOV. 3, 2016, 2:39 P.M.
Starbucks sees key sales measure rise, profit increase
Starbucks reported a 23 percent increase in its fourth-quarter profit Thursday, thanks to rising sales at its coffee shops and benefiting from an extra week in the period.
FRIDAY, OCT. 28, 2016, 12:41 P.M.
Exxon 3Q profit falls 38 percent on lower oil prices
Exxon’s profit keeps shrinking because of lower oil prices, and the company is responding by sharply cutting investment in future production.
THURSDAY, OCT. 27, 2016, 6:29 P.M.
Amazon’s profit triples to $252 million, but that’s not enough for Wall Street
Amazon.com rang up a $252 million profit in the third quarter, more than three times the $79 million it reported a year ago, as it cashed in on blistering growth …
WEDNESDAY, OCT. 26, 2016, 11:31 A.M.
Boeing has a banner 3Q and sees more of the same ahead
Boeing’s third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries.
TUESDAY, OCT. 25, 2016, 2:43 P.M.
Apple’s $9.01 billion profit tops 4Q forecasts
Apple Inc. on Tuesday reported fiscal fourth-quarter profit of $9.01 billion.
TUESDAY, OCT. 25, 2016, 8:29 A.M.
GM reports record 3rd quarter earnings despite slowing U.S. sales
DETROIT – General Motors doesn’t seem too worried about slowing U.S. auto sales or economic troubles in Europe. If third-quarter numbers are any indication, the company has numbers to back …
FRIDAY, OCT. 21, 2016, 12:37 P.M.
McDonald’s turnaround revs up abroad as revenue beats estimates
McDonald’s Corp. Chief Executive Officer Steve Easterbrook has more tricks up his sleeve than serving Egg McMuffins all day.
TUESDAY, OCT. 18, 2016, 1:35 P.M.
Yahoo tops 3Q profit forecasts
Yahoo Inc. on Tuesday reported third-quarter net income of $162.8 million.
TUESDAY, OCT. 18, 2016, 11:05 A.M.
UnitedHealth raises 2016 forecast, again
UnitedHealth Group has hiked its 2016 earnings forecast again after its profit swelled 23 percent to nearly $2 billion in the third quarter, helped by gains both in and outside …
TUESDAY, AUG. 30, 2016, 12:08 P.M.
Abercrombie closing up to 60 stores after posting wider loss
Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it’s closing up to 60 stores in the United States as both U.S. and …
TUESDAY, AUG. 30, 2016, 12:03 P.M.
US bank earnings in Q2 climbed 1.4 percent to $43.6B
U.S. banks’ earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.
WEDNESDAY, AUG. 10, 2016, 2:58 P.M.
Wendy’s says cheaper groceries keeping people at home
Wendy’s is the latest major fast-food chain to report weaker-than-expected sales growth, with the hamburger company saying people aren’t dining out as much because it has gotten even cheaper to …
WEDNESDAY, AUG. 10, 2016, 2:56 P.M.
Changes at Ralph Lauren come at cost investors are OK with
Ralph Lauren swung to a first-quarter loss as it spends heavily to turn itself around, but the damage was not as bad as many had expected and its shares rose …
TUESDAY, AUG. 9, 2016, 11:13 A.M.
Penalties associated with sale of Newsday, Cubs could cost Tribune Media
The sale of Newsday and the Cubs under Sam Zell may be coming back to haunt Tribune Media.
WEDNESDAY, JULY 27, 2016, 10:41 A.M.
Boeing posts rare quarterly loss, mulls phasing out 747
Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years.
WEDNESDAY, JULY 27, 2016, 10:35 A.M.
Comcast profit slips due to fewer box-office hits
NEW YORK – Comcast’s second-quarter profit slipped because of fewer movie hits from its NBCUniversal film-and-TV arm, but it posted big gains in internet customers and its smallest video losses …
WEDNESDAY, JULY 27, 2016, 10:29 A.M.
Fiat Chrysler raises outlook as Q2 profits jump 25 percent
MILAN – Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping …
WEDNESDAY, JULY 27, 2016, 10:26 A.M.
Coca-Cola cuts sales outlook amid weak international demand
ATLANTA – Coca-Cola trimmed its sales outlook for the year Wednesday, citing weakening demand in major international markets including China and part of South America. The world’s biggest soda maker …
FRIDAY, JULY 22, 2016, 10:53 A.M.
American Airlines posts $950 million second-quarter profit
American Airlines said its second-quarter net income dropped 44 percent to $950 million as the carrier put aside half a billion dollars to pay income taxes.
THURSDAY, JULY 21, 2016, 11:15 A.M.
Union Pacific 2Q profit falls 19 percent as volume slows
OMAHA, Neb. – Union Pacific’s second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight. The railroad said Thursday that full-year volumes are likely to fall 6 …
WEDNESDAY, JULY 20, 2016, 9:59 A.M.
Electrolux sees rise in Q2 profits, but drop in sales
HELSINKI – Electrolux, the world’s second-largest maker of household appliances, has reported a 77 percent rise in second-quarter net earnings thanks to strong sales in Europe and North America, but …
WEDNESDAY, JULY 20, 2016, 9:55 A.M.
Morgan Stanley’s earnings fall but still beat forecasts
NEW YORK – Morgan Stanley’s profits fell 14 percent in the second quarter, the bank said Wednesday, reflecting difficulties investment banks have had due to market volatility before and after …
WEDNESDAY, JULY 20, 2016, 9:52 A.M.
Volkswagen shares soar after buoyant earnings update
FRANKFURT, Germany – Volkswagen shares have soared after the German car giant revealed that its first-half earnings before charges related to its diesel-emissions scandal were “significantly higher” than market expectations. …
TUESDAY, JULY 19, 2016, 9:56 A.M.
Goldman 2Q earnings jump, helped by lower legal expenses
NEW YORK – Goldman Sachs’ earnings jumped 78 percent from a year ago as the bank’s legal expenses declined and some of its trading desks saw a surge of activity …
THURSDAY, JULY 14, 2016, 12:55 P.M.
JPMorgan’s results beat forecasts as trading revenue jumps
NEW YORK – JPMorgan Chase & Co. reported solid second-quarter earnings Thursday as trading revenue jumped. The bank was also able to continue cutting expenses.
TUESDAY, MAY 31, 2016, 5:38 P.M.
Scandal-hit Volkswagen makes profit despite scandal
German automaker Volkswagen saw its net profit fall 19 percent in the first three months of the year – but showed it can still make money even as it grapples …
THURSDAY, MAY 26, 2016, 1:29 P.M.
Sears posts wider loss, looks at options for Kenmore, others
Long-struggling retailer Sears says it plans to try to leverage its strongest brands like Kenmore and Craftsman to help sustain itself as it posted a larger first-quarter loss Thursday and …