Earnings

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Chipmaker stocks are in rally mode Thursday after Qualcomm and Advanced Micro Devices posted earnings beats, but one market watcher says to temper expectations of a long-term sectorwide rally. “I don’t love the space,” Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, told CNBC’s “Trading Nation” on Wednesday. “It’s coming
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Apple’s fiscal third-quarter financial results will significantly disappoint Wall Street expectations due to weak iPhone sales, according to a Bernstein analyst. The firm predicts the smartphone maker will forecast revenue in the range of $47 billion to $49 billion for its June quarter versus the analyst average of $51.9 billion when it reports financial results
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Earnings: $1.24 per share, according to Thomson Reuters Revenue: $34.66 billion, according to Thomson Reuters The largest U.S. automaker is cutting shifts at some factories that make passenger cars, such as the plant in Lordstown, Ohio, which makes the compact Chevrolet Cruze sedan. At the same time, it has added a shift at its Spring
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With its eye on accelerating cost cuts, Ford announced first-quarter earnings that topped analyst expectations and offered up some detail on the steps it will take to improve its financial health and realign its portfolio with a dramatic shift in consumer tastes. Like many of its peers, Ford has faced declining demand for its passenger
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Investors want clear and optimistic forecasts for the rest of this year from companies and they simply aren’t getting that. It’s not enough to top Wall Street’s notoriously low estimates. The EPS beat rate stands at 76.7 percent this quarter, and the average stock that has reported first quarter numbers so far opened higher by
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Restaurant Brands International’s first-quarter profit topped analysts’ estimates on Tuesday, vindicating the company’s strategy of cheaper meals and more breakfast options at the Burger King chain. The company, which is striving to better compete with McDonald’s and Yum Brands’ KFC, said same-store sales at Burger King rose 3.8 percent in the three months ended March
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Drug developer Biogen reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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EPS: 11 cents, expected by analysts surveyed by Thomson Reuters. Revenue: $27.45 billion expected by analysts surveyed by Thomson Reuters. The embattled industrial conglomerate saw its shares drop to the lowest level since July 2009 as Wall Street and the media alike questioned the risks lurking within GE Capital’s portfolio. The stock has slid 21
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Pier 1 Imports‘ stock plummeted more than 20 percent Thursday morning after the company reported sales that missed analysts’ expectations, also ceasing its dividend payouts. The home furnishings retailer said halting its dividend payments to investors “will enable the company to allocate greater resources toward implementing its three-year strategic plan to drive sales and earnings
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Bank of New York Mellon reported a better-than-expected first-quarter profit on Thursday, as surging equity markets and a weaker dollar helped drive double-digit growth in its assets servicing and management businesses. Shares of the world’s largest custodian bank rose 3.3 percent at $54 in premarket trading. Asset servicing revenue surged 13 percent to $1.52 billion,
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Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations. Here’s how the company did compared with what Wall Street expected: EPS: 0.77 vs. 0.70 cents. Revenue: $3.09 billion vs. $3.08 billion. In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting global
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AmEx has spent heavily on rewards to lure customers as it faces more competition from banks like J.P. Morgan Chase and Citigroup. Here are the results: —EPS: $1.86, compared to an estimate of $1.71 from Thomson Reuters —Revenue: $9.72 billion, compared to an estimate of $9.46 billion, according to Thomson Reuters In January, former CEO
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Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches. The diversified health-care company reported net earnings of $418 million, or 23 cents per
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Regional lender US Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes. Net income attributable to the bank rose to $1.68 billion, or 96 cents per share, in the first quarter ended March 31, from $1.47 billion, or 82 cents per share, a year earlier.
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Johnson & Johnson topped Wall Street’s first-quarter earnings and revenue expectations, fueled by strong pharmaceutical growth. Sales of some of its drugs boomed, offsetting weaknesses for some of its treatments that are facing competitive pressure. Vision care sales, including contacts and surgical products, helped its medical device business. J&J’s consumer division sales grew, but baby
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Netflix has relied on international growth and heavy investments in original content to drive subscriptions — and Monday’s results provided an update on their effectiveness. Netflix’s addition of more than 7.4 million international subscribers set a new record, marking growth of 50 percent from a year ago. Chief content officer Ted Sarandos said Netflix has
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