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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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »