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Sunday, February 16, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: earnings

UPDATED: Wed., Jan. 29, 2020

Grounded jet sends Boeing to first annual loss in 2 decades

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared …

UPDATED: Tue., Jan. 28, 2020

Starbucks’ results top estimates but coronavirus slows sales

It was a happy holiday at Starbucks, but the company’s sales momentum could start to slow due to the coronavirus outbreak in China.

UPDATED: Thu., Oct. 24, 2019

Grounded Boeing plane churns up more turbulence at airlines

The grounding of the Boeing 737 Max has lasted far longer and, as Southwest Airlines and American Airlines can attest, been more expensive than airlines ever expected.

JCPenney halves losses, will begin selling used clothing

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales.

Avista second-quarter earnings remain consistent

Avista Corp. held steady in its second-quarter earnings report Wednesday, with income of $25.3 million, or 38 cents per share.

Starbucks beats Q3 forecasts, raises full-year guidance

Starbucks Corp. served up an extra frothy third quarter, zooming past Wall Street’s forecasts thanks to new drinks and growing loyalty.

UPDATED: Thu., May 2, 2019

Abandoned sale bolsters Avista first-quarter earnings

The abandoned sale of Avista Corp. to a Canadian utility buoyed the local energy company’s first-quarter earnings, which reached $115.8 million, according to the corporate report filed Thursday with the …

Exxon’s 1Q profit tumbles 49% partly on higher spending

Exxon Mobil’s first-quarter profit fell by half to $2.35 billion, its worst quarter since late 2016, as the company spent more on oil production and was hit by lower margins …

Despite snowstorm and price wars, Alaska Air posts steady quarterly earnings

Alaska Air Group, parent company of Alaska Airlines and regional carrier Horizon Air, posted steady quarterly financial results Thursday, despite the February snowstorms that caused about 1,100 canceled flights as …

UPDATED: Thu., April 25, 2019

Amazon’s profit more than doubles on cloud computing growth

Amazon’s push into advertising and cloud computing is paying off, helping the online shopping giant’s first quarter profit more than double from a year ago.

Alaska Air earnings plunge without 2017’s tax-cut boost, but CEO declares a ‘turning point’

About 21,800 employees nationwide at Alaska Airlines and Horizon Air were to share a total of $120 million in annual performance bonuses in their paychecks Friday, an average payout of …

Alaska Air’s quarterly profit falls but management insists better results lie ahead

Alaska Air Group’s third-quarter profit dropped 16 percent compared to a year ago as the cost of fuel rose sharply and employee-wage increases kicked in while fares remained low.

UPDATED: Wed., Oct. 24, 2018

Banner Bank parent reports $37.8M in 3Q income

Banner Corp. on Wednesday reported third-quarter net income of $37.8 million.

UPDATED: Fri., Sept. 14, 2018

Men’s earnings have fallen since 1970s, Census says

Earnings for men have fallen in the decade since the recession, and are even below levels for much of the 1970s and 1980s.

UPDATED: Thu., Aug. 9, 2018

Hecla Mining reports net income of $12.1 million in 2Q

Hecla Mining Co. on Thursday reported second-quarter net income of $12.1 million, after reporting a loss in the same period a year earlier.

Boeing 2Q profit and revenue top estimates

The strong air-travel business continues to give a lift to Boeing, as the aircraft maker reported Wednesday that second-quarter profit rose 26 percent to $2.2 billion.

Some Pacific Northwest CEOs earn 200 or 400 times what the average employee is paid

Public companies, under new federal rules, are now disclosing their workers’ median annual pay and showing how that number stacks up against what the CEO makes. The data shed some …

Costco quarterly profit up 7 percent as warehouse sales grow

Costco Wholesale Corp. said strong sales growth helped its fiscal third-quarter profit grow 7 percent.

Dick’s Sporting Goods jumps as earnings guidance outweighs gun controversy

Dick’s Sporting Goods’ stock spiked as much as 28 percent – the most ever – after the sports retailer impressed investors with higher profit guidance, outweighing uncertainty over the loss …

Despite spread of radioactive contamination, Hanford contractor earns $10 million

A Hanford environmental cleanup contractor has earned $9.9 million in incentive pay from the Department of Energy for its work at the nuclear reservation.

UPDATED: Thu., May 17, 2018

Nordstrom posts strong profit but its sales gains are meager

The Seattle-based department store chain earned $87 million, or 51 cents per share, on revenue of $3.56 billion.

UPDATED: Wed., May 2, 2018

Avista reports earnings drop in first quarter

Avista Corp. reported a drop in first-quarter earnings Wednesday, with income of $54.9 million or 83 cents per share.

Microsoft earnings beat analyst expectations

Microsoft reported third-quarter financial results Thursday that surpassed analyst expectations, once again rising on the strong growth in its cloud products.

Starbucks key sales figures surpasses market expectations

Starbucks Corp., which has been addressing fallout over the arrest of two black men at one of its Philadelphia stores, reported sales growth Thursday that modestly exceeded Wall Street expectations …

Diet Coke grows for first time in 8 years after makeover

Diet Coke’s makeover, which put the sugar-free drink in skinny colorful cans, helped the low-calorie brand sell more soda in North America for the first time in nearly eight years.

Alaska Air ekes out small profit, says merger with Virgin on track

Alaska Air Group reported a small first quarter profit Monday of $4 million, or 3 cents a share, on revenue of $1.8 billion.

UPDATED: Thu., March 1, 2018

Itron reports $57 million in income, anticipates revenue growth for 2018

Liberty Lake-based Itron Inc. reported $57.3 million in income last year, despite a $30 million charge associated with federal tax reform.

UPDATED: Wed., Jan. 31, 2018

Boeing profit tops expectations; 2018 outlook strong

Along with rival Airbus, Boeing is benefiting from demand for new airliners that has created huge backlogs lasting several years. Aircraft deliveries are generating immediate cash faster than Wall Street …

UPDATED: Mon., Jan. 8, 2018

Kohl’s joins holiday party; department stores show staying power

Kohl’s put up strong sales numbers throughout November and December, joining other traditional department stores in a much needed holiday rally.

Mary Cullinan: Why attend college? Let’s count the reasons

College graduates are able to thrive more effectively despite shifts in the economy and their lifetime savings are significantly higher than those of people without a college degree.