Verizon Posts Higher Revenue and Net Income

On Tuesday, Verizon Communications reported higher revenue and net income for its third quarter. The company was helped by stronger growth in wireless subscribers and a demand for its internet service such as its high speed FiOS. Verizon, which bought out Vodafone Group this past year for its wireless division, said it increased its net […]

Electrolux Experiences Weak Growth Across Europe

Electrolux the global maker of home appliances announced a note of caution about its business in Europe by predicting the market growth at its low end of its financial forecast after it reported quarterly profit that was slightly better than had been expected early Monday. The company, based in Sweden, is vying for leadership in […]

Roche Posts Flat Sales for 9-Months of 2014

Roche Holding AG the Swiss drug maker announced flat sales for the first 9 months of this year, but said on Thursday its results showed strong demand for its drugs for cancer and its new emerging products. Roche, which is based in Switzerland, posted group sales that exceeded 34.8 billion Swiss francs, which were practically […]

JPMorgan Reports Profit on Easing Legal Costs

JPMorgan Chase & Co has reported a profit for the third quarter, as the largest bank in the U.S. moved beyond the huge legal costs that caused the behemoth financial institute to post a loss during the same quarter one year ago. The bank has posted $5.6 billion in net income equal to $1.36 a […]

Profit Falls at Family Dollar on Price Cuts

Family Dollar Stores Inc , the discount retailer currently at the center of a takeover battle involving three companies, reported its earnings that did not meet expectations of Wall Street analysts after its price cuts trimmed profit margins. Net income for the fourth quarter dropped to just $34.5 million equal to 30 cents per share, […]

Bed Bath & Beyond Looking Stronger

On Tuesday, Bed Bath & Beyond announced its earnings results for its second quarter. The results met the expectations of Wall Street for the earnings and beat the expectations for same store sales. Bed Bath & Beyond, as with many other retailers, had been suffering during 2014 as an environment of promotions has cut into […]

Lego Moving Closer to Mattel

Lego A/S increased its revenue during the first six months closing the gap between itself and Mattel the leader of the toy industry, as consumer flocked to buy sets thanks to the hit movie at the box office The Lego Movie. Sales were up 11% in the local currency the kroner equal to $2 billion […]

Lowe’s Sees Earnings Rise But Outlook is Lowered

Lowe’s has reported an increase in revenue and profit for its second quarter on Wednesday, but the retailer that specializes in home improvement lowered its guidance for earnings for 2014. The retailer said it had earned $1.03 billion during its second quarter which was equal to a per share price of $1.04. That was in […]

LinkedIn Easily Surges Past All Wall Street Estimates

LinkedIn shares spiked more than 11% on Friday as it joined Twitter and Facebook in posting quarterly growth that was strong. LinkedIn was able to ride its gains on strong member growth and in revenues for the second three months of the year. The company also joined its fellow brethren in social media in experiencing […]

Sales at Chrysler Rise 20% in U.S.

Chrysler has posted its strongest sales for July since 2005. The automaker was helped by sales of Jeep. Chrysler Group said its auto sales in the U.S. for July were up by 20%, as the Jeep brand saw another strong period of growth throughout the month. Sales in the auto industry have fared well this […]

Shares of Facebook Hit All Time High on Earnings

Facebook Inc shares hit their record high Thursday morning following a surge in revenue from mobile advertising helped the No. 1 social network in the world blast by the expectations on Wall Street for its quarterly revenue and profit. The share price was up 7.6% to reach $76.54 during early Thursday drawing on Nasdaq. The […]

Chipotle Sees Stock Soar Following Earnings Report

It might be better to purchase Chipotle stock than its tacos and burritos. Shares of Chipotle surged by over 11% in Tuesday premarket trading just a day after the chain released an impressive quarterly earnings report. Despite an increase in prices, customers still were lining up for more burritos. The burrito maker based in Denver […]

IBM Profit Helped by Cost Cutting, Revenue Still Soft

International Business Machines failed for a ninth consecutive quarter to increase its revenue, but the tech giant’s bottom line was helped by a recent round of cost cutting. IBM on Thursday posted a net gain during the second quarter of 28%, partly from a charge of restructuring that held down results from the same period […]

Abbott Profit Beats Estimate

Abbott Laboratories Inc on Wednesday reported quarterly earnings that were better than had been expected thanks to improved sales in its line of nutritional products along with profit margins that improved for other segments. Sales of its nutritional products, the biggest lineup of products the company has, which includes infant formula Similac and adult beverages […]

Tech Earnings Front and Center On Wall Street

Some of the largest technology companies in the U.S. will be front and center this week as they report their quarterly earnings, which will give investors the chance to re-evaluate the health of the sector. The technology sector holds the projection for the highest growth in earnings amongst the 10 sectors of the S&P for […]

Profits Falls at Family Dollar Stores

Family Dollar Stores said on Thursday that it was taking more steps to increase its profits, while reporting earnings for the fiscal third quarter had fallen by 33% due to higher costs offsetting a slight upswing in revenue. In April, the discount retailer said it would shutter nearly 370 of its stores and lower the […]

Vatican Bank Restructuring Sees Profits Wiped Out

Over 2,000 accounts at the Vatican Bank have been blocked and more than 3,000 relationships with clients have been ended as part of the banks clean up and restructuring process that nearly wiped out all its profits, according to the financial statements from 2013 that were released on Tuesday. The bank has been riddled with […]

Profit Rises for Costco Wholesale by 3%

Costco Wholesale Corp announced that its profit for the fiscal third quarter had increased as revenue and sales from fees for membership were up. The bottom line for the company missed expectations on Wall Street, while revenue topped those same estimates. Costco, which offers consumers savings by selling its groceries and other product in bulk, […]

GameStop Profit Up 24%

GameStop reported quarterly earnings on Friday for the most recent quarter that ended May 3. The video game behemoth based in Grapevine, Texas enjoyed a good quarter with revenue of $2 billion, which was 7% higher compared to $1.87 billion from the same period one year ago. Profit for the three-month period was just over […]

Lowe’s Results Weighed Down by Severe Winter

Sales drop during first quarter but improvement seen in May by chain. Lowe’s Companies said a severe winter that included an additional period of cold and snow weighed on company sales during its fiscal first quarter. However, profit at the do-it-yourself home improvement chain increased. Shares for the chain of home-improvement stores were up 1% […]

Walmart Blames Its Numbers on the Snow

Walmart reported flat quarterly revenue and earnings that missed expectations of analysts on Thursday. The largest U.S. retailer laid the blame on the harsh, severe winter that put a chill on business activity and cost the company nearly 3 cents a share. The giant in retail became yet another victim of the severe winter as […]

Profit at Mastecard Beats Street

MasterCard Inc the second largest payments network has posted a profit for the first quarter that beat estimates of Wall Street analysts as spending by customers increased. Net Income was up 14% to end the quarter at $870 million equal to 73 cents per share from the same period a year ago of $766 million […]

Profits at Biogen Idec Up 12% on Growth in Revenue

Biogen Idec Inc has announced that its profit from the first quarter was up by 12%, thanks to strong sales from Tecfidera, its pill based treatment for multiple sclerosis, which drove revenues higher. The company raised is outlook for earnings for this year. Biogen now expects its adjusted earnings to be between $11.35 and $11.45 […]

Profits Up and Results Top Estimates at Johnson & Johnson

Johnson & Johnson the healthcare giant said its earnings during the first three months of 2014 had increased to $4.73 billion equal to $1.65 a share from $3.5 billion equal to $1.22 a share during the same quarter one year ago. The first quarter for 2014 included a gain of on special items after taxes […]

Lululemon Misses Estimates for Revenue and Profits

Lululemon Athletic Inc, the yogawear retailer forecast results lower than expected on Thursday for the first quarter, just the latest hit the Canada-based company has had in the past year after a product recall. The retailer posted a profit for the quarter that was nearly unchanged for the same quarter last year. Shares dropped by […]

Candy Crush Going to Wall Street

Investors have become hungry over initial public offerings and something sweet is in the pipeline for them. The makers of the hugely popular Candy Crush Saga, King Digital Entertainment, is one of more than a dozen companies ready to have their IPO’s this week. The company, based in the UK will list in the NYSE […]

Nike Shares Fall on Outlook

Nike, Inc reported results for the third quarter with gross margins that increased sales growth in each sector and growth in futures orders. However, shares at Nike still fell afterhours on Thursday mainly due to the outlook for the company. The net income for Nike at quarter end February 28, 2014 reached $685 million or […]

Consumer Prices in China Up 2% for February

China has posted in February a lower inflation rate providing consumers with good news, but suggesting the world’s second largest economy was losing some steam prompting analysts to call for support from the government with increased spending and more monetary easing. Consumer prices were up just 2% in February compared to the same month a […]

Nivea Maker Reports Profits Exceeding Estimates

The Nivea skin maker, Beiersdorf AG saw an improvement in margin amidst a push in emerging markets. The company reported profits for the full year that beat estimates and forecast additional gains in its profitability for this year during its push into more emerging markets to counteract Europe’s slower growth. Earnings, prior to taxes and […]

Shares at InterContinental Hotels Fall

InterContinental Hotels Group stock shares dropped nearly 4% on Monday after the company opted not to speak out about its plans to return additional cash to its shareholders in its results from the full year. The price of shares fell as the hotel group, which operates the brand Holiday Inn amongst others, reported a jump […]

Lenovo Smartphone Sales Up 47%

Lenovo’s fiscal third quarter had record revenues and profits, with over 2 million smartphones sold in just China. Lenovo announced February 13 the results of its third quarter, which included revenues of $10.8 billion, marking just the first time it had surpassed $10 billion in revenues. Net profit for the company was $265 million, which […]

Profits at Nissan Beat Estimates

Nissan reported profits that were better than anticipated, helped by a weaker yen and by a sales recovery in China. The second largest Japanese carmaker said its profits increased by 57% to $825 million for the last quarter of 2013, which beat estimates of analysts. Last year, Nissan also set a record with 5.1 million […]

BP Reports Weaker Profits for the Quarter

BP the no. 4 sized oil company in the West reported that refining weakness and ongoing cost for the Gulf spill hit their profits. The refining business encountered a loss, while the company said it would increase a provision in its accounting for the oil spill of 2010 of $200 million. Weaker margins in refining, […]

Walmart and Mattel Hit by Shopping Habit Changes

The shifting habits in shopping and the financial crisis have led to uneven fortunes of late for retailers. Mattel and Walmart considered traditional consumer businesses have continued struggling as many Americans spend cautiously in the still uncertain economy. However, Amazon.com has enjoyed success as shoppers are shopping more and more online instead of inside stores. […]

Chevron Profit Drops During 2013 Fourth Quarter

Chevron Corp’s profit dropped by 32% during the fourth quarter due to gas and oil production being lower and prices for refined fuels dropping relative to crude cost. The second largest oil company in the U.S. reported its earnings on Friday. Net income for the three last months of 2013 was $4.93 billion with revenue […]

Google’s Profits Jump 17%, Earnings Miss

Larry Page the CEO at Google announced on Thursday that the Internet search giant ended 2013 with an increase of 17% in profits. The company said earnings had been $12.01 per share on revenue that was $16.68 billion. Net income for the period was $3.38 billion. Analysts estimated that earnings would be $12.21 per share […]

US Airways and American Airlines Combine for $1.95 Billion in Earnings

American Airlines Group, the combination of US Airways Group and American Airlines, said on Tuesday the company had combined earnings in 2013 of $1.95 billion. The report was muddied up because of the bankruptcy and merger, which combined the two airlines and gave the numbers a large amount of asterisks. The net income announced excludes […]

Profits Falls at Proctor & Gamble, Tops Projections

Second quarter income for Proctor & Gamble fell by 16% as the largest consumer products manufacturer in the world faced a tough comparison of results from a year ago, flat global sales and a stronger dollar. However, adjusted earnings at P&G exceeded expectations on Wall Street and the company kept its guidance for 2014. Shares […]

IBM Announces Mixed Results for Fourth Quarter

IBM’s results for the fourth quarter ended mixed as the earnings for the company were better than estimates, but its revenue missed analyst predictions as Big Blue’s hardware sales disappointed. IBM reported fourth quarter earnings of $6.21 billion or equivalent to $5.73 per share. Revenue was $27.71 billion, which was 5% less than for the […]

SABMiller Lager Sales Miss Estimates

SABMiller the second largest brewer in the world reported growth in beer volume during the third quarter that did not meet estimates of analysts on declining sales in Europe and sales that were weaker than had been anticipated across Africa. Beer volume was up 1% on the organic basis for the three month ended December […]