Earnings

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Netflix looks attractive heading into its quarterly earnings report being issued Monday afternoon, even after a massive run, strategist Mark Tepper says. Netflix shares have jumped 15 percent this year alone, and a whopping 65 percent in the last year. Shares rose over 1 percent on Thursday after Morgan Stanley released a bullish note on
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Bank of New York Mellon expects to book more severance charges in 2018, its chief executive said, as the custodian bank tries to cut costs and streamline its businesses. Shares fell 4.2 percent to $55.43 in early trading on Thursday, after BNY Mellon recorded $246 million in severance and litigation charges in its fourth-quarter earnings
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Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue. Here’s how the banking
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Goldman Sachs on Wednesday reported fourth-quarter earnings of $5.68 a share that topped Wall Street estimates. The company posted a net loss when factoring in a tax hit, largely because of a one-time charge for bringing overseas profits back to the U.S. The investment bank titan also beat on revenue, reporting $7.83 billion against estimates
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Tiffany & Co. on Wednesday reported an 8 percent increase in net revenue during the holiday season, fueled by higher sales of fine jewelry, watches, and a new home and accessories collection. Total same-store sales were up 5 percent during the November and December months, the company said. In the U.S. alone, same-store sales rose
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Moynihan had announced the bonus in late December, citing the tax bill that President Donald Trump signed cutting the corporate tax rate to 21 percent from 35 percent. CFO Paul M. Donofrio added Wednesday on a call with media that the bank expects its effective tax rate for 2018 to fall to 20 percent from
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Citigroup reported quarterly earnings on Tuesday that beat expectations on solid results from consumer banking. The big bank also reported a charge of roughly $19 billion following a revamp to the U.S. tax code. Citigroup reported adjusted earnings per share of $1.28 for the fourth quarter of 2017. Analysts polled by Reuters expected earnings to
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J.P. Morgan Chase on Friday reported earnings that topped Wall Street’s expectations after accounting for charges related to the tax bill. The bank revealed it took a $2.4 billion charge in the fourth-quarter due to the Tax Cuts and Jobs Act. Here’s how the company did on an adjusted basis after that charge: EPS: adjusted
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BlackRock, the largest asset manager in the world, reported better-than-expected quarterly earnings and revenue on Friday. Here’s how the company’s results fared against analyst expectations: EPS: $6.24 adjusted vs. $6.02 expected by Thomson Reuters Revenue: $3.469 billion vs. $3.321 billion expected Total assets under management: $6.288 trillion vs. $6.248 trillion expected by StreetAccount Net inflows:
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Samsung Electronics on Tuesday said it was expecting record operating profit of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter. That number fell short of a Reuters average forecast of 15.9 trillion won in operating profit, but it was likely up 64 percent from a year ago. Samsung said its fourth-quarter
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Daniel Acker | Bloomberg | Getty Images An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois. Sonic on Thursday reported fiscal first-quarter profit of $11.4 million. The Oklahoma City-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results exceeded
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Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
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