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Bank of America Reports Mixed Results For Q4
Bank of America Corp. (NYSE:BAC) reported mixed results for the fourth quarter of its fiscal year. The company reported that its earnings surged 47 percent in the quarter through Dec. 31, rising to $4.34 billion, or 40 cents a share,... More of this article »
Goldman Sachs Tops Income And Revenue Predictions
Goldman Sachs (NYSE:GS) reported third-quarter earnings that easily beat the predictions of Wall Street analysts. The bank reported a 58 percent increase in its net income for the third quarter of 2016, earning a profit of $2.1 billion,... More of this article »
Mixed Results For Lululemon For First Quarter
Lululemon Athletica Inc. (NASDAQ:LULU) reported mixed results on its earnings call for the first quarter of its fiscal year. Lululemon’s total revenue increased 17 percent to $495.5 million, beating analysts’ estimates of $487.72... More of this article »
Wal-Mart Reports Impressive First Quarter Results
Wal-Mart Stores (NYSE:WMT) reported that sales at existing stores in the U.S. rose more than expected during its first quarter, leading to a higher-than-expected quarterly profit and revenue. U.S. same-store sales were up 1 percent... More of this article »
Halliburton Reports Drop in Sales of 36% as Fracking is Reduced
Halliburton Co’s saw its revenue fall by 36%, which helped to push the largest provider in the world of fracking services to a loss during the third quarter as the worst downturn in the crude market in decades is reshaping the industry. The... More of this article »
Constellation Brands Beats on Profit as Sales of Beer Jump
Constellation Brands profit for the quarter easily beat estimates by analysts and the company increased its full year forecast for adjust profit again, driven by sales increases of beers under its Modelo and Corona brands. Shares of... More of this article »
Finish Line Profit Declines, Misses Forecasts for Revenue
Finish Line announced that its profit had slipped during its most recent quarter as overhead expenses that were higher offset a slight increase in its revenue. Sales at its stores opened for a minimum of one year were higher by 1.5%... More of this article »
Walmart Lowers Outlook As Profit Comes Up Short
Walmart the world’s largest retailer cuts its forecast for annual profit as it was hurt from a strong U.S. dollar as well as lower margins across the U.S. The company also was hit on more spending for e-commerce and on wages. The... More of this article »
Shares of J.C. Penney Increase on Upbeat Earnings
J.C. Penney shares were up on Friday as the department store retailer continued its effort to turnaround its fortunes by reporting results for the quarter that topped estimates on Wall Street and boosting its guidance for the year. Penney’s... More of this article »
Exxon Mobil Profit Lowest in Six Years on Oil Price Drop
Exxon Mobil Corp posted the worst quarterly performance by the company in six years as the worldwide glut in oil collapsed the prices quicker than explorers were able to cut costs. Net income was down to over $4.19 billion equal to... More of this article »
Twitter Falls on Worries Over User Growth
Twitter Inc shares were down steeply on Wednesday as much as 13.3% during the first few minutes of trading due to investors digesting the micro-blogging company’s earnings for the second quarter and its weak growth in users. That... More of this article »
Charges for Restructuring Eliminate Nearly All Profit at Xerox
Xerox Corp hardly managed to end the second quarter with any profit after the copier and printer maker took a huge charge related to a revamping of its business, which provides care-management and administrative services to government... More of this article »
JPMorgan Beats Estimates on Profit as Expenses Fall
Kicking off the earnings season for banks in the U.S. for the second quarter, JPMorgan Chase & Co reported an increase in profit that was better than had been expected on Tuesday, boosted by a drop in its restructuring and legal... More of this article »
Rite Aid Cuts Profit Outlook
On Thursday, Rite Aid Corp lowered its profit outlook for the full year after reporting earnings for its first quarter that were worse than had been expected, hurt by taxes related to an acquisition that is pending and interest costs. The... More of this article »
Prime Minister of Greece Rips into Country’s Lenders
Alexis Tsipras the Prime Minister of Greece has lashed out at his country’s creditors Tuesday accusing them of attempting to humiliate the Greeks as he has defied a number of warnings that Europe is preparing for Greece to leave... More of this article »
McDonald’s Comparable Sales in May Drop Less Than Expected
McDonald’s Corp posted a drop in its worldwide sales at comparable stores that were less than had been expected during May, as European sales were able to offset a drop in the U.S. Shares at the biggest burger chain in the world... More of this article »
TJX Increases Profit for Full Year Forecast
TJX Cos., the owners of Marshalls and TJ Maxx, the off price chains, has announced it raised its comparable sales and profit forecast, for the full year after being encouraged by more shoppers hungry for bargains and visiting their... More of this article »
Nissan Profit Increases on Growth in Sales and Cost Cutting
Nissan Motor Company the second largest automaker in Japan said it is expecting its operating profit to increase by 15% during the current financial year, It forecasted its sales growth for vehicles in most of its regions and promised... More of this article »
Chevron Profit Passes Expectations
Natural gas and oil producer Chevron Corp reported a drop of 43% in profit for the quarter on Friday, although its results were able to beat expectations on Wall Street as cost cutting and robust margins in refining helped to offset... More of this article »
Time Warner Tops Estimates on Earnings
Time Warner Inc posted revenue and profit growth that was better than had been expected for the first quarter as its programming for March Madness helped to drive a growth in audience in its Turner segment. Time Warner announced that... More of this article »
Union Pacific Misses On Profit Following Port Gridlock
Union Pacific Corp the largest railroad in the U.S. posted sales and profit for the first quarter that missed estimates on Wall Street as the port congestion on the West Coast and slack demand for coal caused the number of carloads... More of this article »
Strong U.S. Dollar Weakens Sales at DuPont
DuPont has topped forecasts for its first quarter earnings, but its sales dropped by 9% after being dragged down by the adverse impacts of currency from the strong U.S. dollar. The company makes and sells chemicals, seeds, and food... More of this article »
McCormick Profit Drops, Results Beat Street
One Wednesday, McCormick & Co, the seasonings and spices maker reported profit during its first quarter that was down compared to last year, despite a growth in sales, hurt due to charges as well as shrinking margins amidst higher... More of this article »
Barnes & Noble Tax Bill Take Bite Out of Profit
Quarterly profit at Barnes & Noble missed estimates by analysts as the chain of bookstores invested in its business specializing in college books prior to its spinoff and paid more in taxes. Barnes & Noble, which last month... More of this article »
Target Reports Loss during Fourth Quarter
Target shoppers came through with strong sales for the discount retailer during the fourth quarter. However, earnings at the company dropped as it is preparing to end its business across Canada. Target posted a loss of $2.6 billion... More of this article »
Waste Management Posts Earnings
Waste Management Inc on Tuesday posted its results for the 2014 fourth quarter as well as for the 2014 full year. Revenues for the company’s fourth quarter were $3.44 billion compared to $3.5 billion for the same period in 2013. Net... More of this article »
Groupon Beats Revenue, Misses On Forecast for First Quarter
Groupon reported fiscal year and fourth quarter earnings for 2014 Thursday afternoon that beat expectations for both its revenue as well as earnings per share. The stock of the e-commerce company based in Chicago were down in trading... More of this article »
WellCare Health Posts Downbeat Forecast
WellCare Health Plans posted earnings guidance for the full year on Wednesday that was downbeat, after a severe flu season that was unexpected dragged on its profit leading its earnings to fall 82% in the quarter that ended in December. The... More of this article »
Santander Profit for the Quarter Increases by 68%
Banco Santander SA the largest lender in Spain said its profit increased 68% during the fourth quarter as fewer provisions were set aside for bad loans and the bank’s revenue grew. Net income was up to $1.7 billion or 1.46 billion... More of this article »
Chevron Cuts Spending As Profit Plummet
Chevron Corp has slashed its budget for drilling by more than at any time in the past 12 years. The company said it might delay some projects in shale as producers of energy across the globe hoard cash as well as curtail ambitions... More of this article »
JPMorgan Chases See Profit Unexpectedly Drop
JPMorgan Chase announced on Wednesday that its profit had dropped unexpected during a fourth quarter that was described as sluggish. The financial institute posted earnings that were down 7% to $4.9 billion equal to $1.19 per share... More of this article »
Due to Hacking Issues, Sony Will Extend Holiday Sales for PS
Sony’s big flash and holiday sale at the PS store should be over by now. However, Sony announced that they are going to extend the sales since the PlayStation Network was down for some time, which may have caused a few gamers to... More of this article »
Profit at Home Depots Tops Estimates
Home Depot Inc the No. 1 chain of home improvement stores in the world reported a quarterly profit that was better than had been expected as the improving jobs market has encouraged Americans to spend additional monies on renovations. The... More of this article »
Berkshire Sees Drop of 9% in Earnings
Berkshire Hathaway owned by Warren Buffett reported a drop of 9% in profit for the third quarter compared to the same reporting period one year ago, when large gains in investments were realized. On Friday, Berkshire said it had earned... More of this article »
Whole Foods Beats Wall Street on Quarterly Profit
Whole Foods Market, the upscale grocer reported quarterly profit that was better than had been expected, as the company increased market share as well as launched some new products. The stock of the largest natural and organic food... More of this article »
Sales of SUVs Help Earnings at BMW
BMW AG the luxury automaker based in Germany saw its net profit drop by 1.2% during the third quarter because of losses that were non-cash on hedges with foreign currency and the lower valued of its share in an important supplier. Otherwise,... More of this article »
Shares of Exxon Up after Revenue and Profit Beat Street
Exxon Mobil Corp announced its earnings for the third quarter were up by 2.5% as higher margins on refining and more improvements at its marketing and refining segment helped to offset a lower production. Shares were up by 2% during... More of this article »
Gilead Sales Double, Profit Triples
Gilead Sciences Inc the maker of Sovaldi the drug for hepatitis C said this week that its net profit for the third quarter had tripled, while overall product sales doubled. This was despite a drop in sales of Sovaldi as patients and... More of this article »