Stories tagged: earnings
Wed., 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 …
Wed., 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. …
Tue., 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 …
Thu., 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.
Tue., 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 …
Thu., 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 …
Tue., May 24, 2016, 11:10 a.m.
Best Buy offers weak profit view; CFO stepping down
Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly …
Thu., May 19, 2016, 1:58 p.m.
In a dark quarter for retailers, Wal-Mart shines
Surprisingly strong sales at Wal-Mart and an optimistic outlook from the world’s largest retailer lifted a pall that settled over much of the sector in the past two weeks.
Wed., May 18, 2016, 11:19 a.m.
Lowe’s, Home Depot a bright spot right now in retail
After a week of dismal earnings from department stores, home improvement companies are proving to be the silver lining of the retail industry.
Fri., May 13, 2016, 8:33 a.m.
JC Penney CEO says future will depend less on apparel
Shares of J.C. Penney tumbled 10 percent before the opening bell Friday after posting an unexpected sales drop, capping a miserable week for retailers.
Fri., May 13, 2016, 8:02 a.m.
Honda reports quarterly loss on strong yen, air-bag recall
Honda Motor Co. is reporting a 93.4 billion yen ($860 million) loss for January-March, as the Japanese automaker is hit by costs for a massive air-bag recall and an unfavorable …
Thu., May 12, 2016, 2:21 p.m.
Nordstrom shares tumble on slashed annual outlook, weak 1Q
Nordstrom’s shares are tumbling in extended trading after the upscale department store slashed is annual sales and profit outlook. The reduced guidance came as the Seattle-based chain reported that its …
Wed., May 11, 2016, 8:50 a.m.
Macy’s struggles go on … outlook slashed
Macy’s slashed its full-year profit and sales expectations as the department store chain struggles to lure shoppers seemingly in an extended funk.
Fri., April 29, 2016, 12:15 p.m.
Chevron suffers quarterly loss, hefty job cuts are underway
Jolted by the slump in oil prices, Chevron reported on Friday a first quarter loss that was worse than Wall Street’s expectations, a setback that caused the company’s shares to …
Fri., April 29, 2016, 8:06 a.m.
Exxon’s 1Q profit plunges 63 percent on lower oil prices
Exxon Mobil produced its weakest quarter in more than 16 years as lower oil prices pushed its profit down by 63 percent. Revenue tumbled 28 percent, and the oil giant …
Wed., April 27, 2016, 9:08 a.m.
High product, labor costs lead to decline in Boeing’s profit
Aerospace giant Boeing Co. saw its quarterly earnings plunge 9 percent compared to last year, with the Chicago-based company posting $1.2 billion in profits.
Thu., April 21, 2016, 4:43 p.m.
Microsoft reports weak results despite turnaround effort
Microsoft reported a surprise drop in sales and profit for the first three months of the year, a sign the tech giant is still trying to find its way in …
Thu., April 21, 2016, 4:28 p.m.
Starbucks bullish on rewards program change
Starbucks expressed confidence Thursday that an overhaul of its rewards program will drive up sales over the long term, but warned that the transition could be bumpy.
Tue., March 15, 2016, 9:21 a.m.
REI reaches new peak in revenue and dividends
Fueled in part by more than a million new members, REI reported record revenue in 2015 and a record amount given back to its members.
Thu., March 3, 2016, 8:02 a.m.
Herbalife overstated growth, cites database errors
Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme, overstated its worldwide growth in 2015.
Tue., Feb. 23, 2016, 9:53 a.m.
U.S. bank earnings jump 11.9 percent in Q4; loan losses up
U.S. bank earnings jumped 11.9 percent in the final three months of 2015 compared with the previous year on rising revenue, and legal expenses declined as some big banks wound …
Thu., Feb. 18, 2016, 3:23 p.m.
McDonald’s top executives to get hefty raises
McDonald’s is planning some big raises for its top brass, according to a filing late Thursday with the Securities and Exchange Commission.
Thu., Feb. 18, 2016, 3:20 p.m.
Nordstrom earnings disappoint
Nordstrom’s fourth-quarter earnings failed to meet Wall Street expectations, following a dismal third quarter in which it also failed to meet analysts’ expectations and lowered its outlook for the year.
Thu., Feb. 18, 2016, 9:57 a.m.
Wal-Mart’s earnings test investor patience
Wal-Mart is spending billions of dollars to pay its hourly workers more and spruce up its stores and online services. But its fourth-quarter results show that it’ll take time to …
Thu., Feb. 18, 2016, 9:25 a.m.
Freddie Mac profit rises on higher interest rates
Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.
Thu., Oct. 29, 2015, 6:54 p.m.
Starbucks’ 2015 sales jump 17 percent to $19.2 billion
SEATTLE – Starbucks’ sales for its fiscal year jumped 17 percent to reach a record $19.2 billion, enough cash to buy a short latte for every single human on Earth …
Fri., March 6, 2015, midnight
Women’s pay 78 percent of men’s in Washington state
Spokane City Councilwoman Candace Mumm is all too familiar with the conditions that have led women workers in Washington state to make 78 cents on the dollar compared to their …
Thu., Dec. 12, 2013, midnight
Coldwater Creek Inc. earnings report
Thu., Nov. 7, 2013, midnight
Avista Corp. earnings sizzle after hot summer
Hot summer days contributed to higher third-quarter earnings for Avista Corp., officials said Wednesday. The Spokane-based utility cited air conditioning demand as a factor in its quarterly income of $11.4 …
Thu., Oct. 31, 2013, midnight
Itron earnings report